Retail Systems Evaluation Center

What Is a Retail System?

Retail merchandise management (RMM), merchandise management systems (MMS), retail systems, and retail enterprise resource planning (ERP) all designate information systems used by retailers. Retail systems are the enterprise back- and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record product performance, which allows the buying personnel to make accurate merchandise purchasing decisions. Moreover, retail systems have capabilities for tracking inventory, capturing sales data, and managing retail prices. Successful retail operations generally require communication between the supply chain management (SCM) or ERP solutions and the RMM system.

Retail Systems Business Drivers and Benefits

• Automate business processes to allow retailers to have more time for planning and analysis
• Increase customer loyalty by providing personalized shopping experiences
• Reduce markdowns by improving buying decisions with the ability to analyze sales history and trends
• Analysis of customer purchasing habits to increase sales by offering personalized promotions
• Replenish stores automatically to reduce inventory cost
• Know your inventory to prevent loss
• Know where business stands in real time and make accurate business decisions
• Increase visibility on transactions and inventory to reduce loss
• Reduce the amount of markdowns to increase profit

Why Use the Retail Systems Evaluation Center?

• Qualify your requirements for the point of sale (POS) solution, which will do the best job automating your transactions.
• Understand the inventory, price management, reporting, and other capabilities of a modern merchandising system.
• Evaluate whether selected vendors support your required system architecture and hardware.

Most Requested Research Related to Retail Systems

• Retail Systems: A Primer
   
• Sales Is from Mars, Marketing Is from Venus
   
• Global Product Development Seen as a Boon for Product Lifecycle Management Vendors
   
• Retail Research Article Archive
   

Vendor White Papers Related to Retail Systems
(on whitepapers.technologyevaluation.com)

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