Consolidated view of inventory including the need at each point of sale facilitates optimum inventory at each point of sale. Also ensures that stock can be transferred to the point of sale at short notice. This lowers investment & increases the return
Identify non-moving stock across the chain, transfer them to where they are selling and/or return them. Also, identify and return non-moving stock at purchase value to avoid any loss on non-moving stock return. Such effective stock transfers coupled with purchase returns increase the ROI.
Continuous stock audit based on ABC classification of items instead of periodic full stock verification helps you identify mismatch between physical stock & system stock early. Such continuous stock audit help lower pilferage.
As you pool your requirements, the volume of purchase goes up. This allows you better negotiating leverage. Combining this with the analysis of your sales, purchase and inventory data, allows you source products from the cheapest and best.
Optimal utilization of man power, optimal utilization of store space, effective inventory management etc. leads to lower operating costs
As your business moves to a model of depositing the entire receipts/collections with the HQ supply chain and all payments are made from HQ, you get better financial control over your business.
Real-time / Periodic upload of point of sale data to the HQ prevents any tampering with data at the point of sale. This builds better awareness among point of sale staff and prevent fraud
Audit trail help HQ supply chain management know the activities done at the point of sale and identify the poor practices such as stock updation, temporary stock addition etc. Corrective action for such poor practices can be taken by training the personnel at the point of sale. This helps in making sure poor practices do not become bad habits
This helps in providing a standardized, complete and accurate data across the item master files of both the retailer and wholesaler. Item normalization helps to analyze the data more accurately and provide high quality reports.
