Store Management System
A store or a chain of stores demands stringent management as compared to bigger retail outlets where in most of the functions are automated and run on an auto-function mode. This is the prime reason why the market trends have shifted to the use and installation of a Store Management System. Apart from lending homogeneity to the overall structure of the store, it also makes it easier to manage the day to day functioning of the stores. Any store management system comes with the flexibility of being customized as per the individual needs of the customers and has some basic elements and functions that it caters to.
The main elements of a Simple Store management System
Each part of the store management system is aimed at increasing the proficiency of the store management with respect to the various counter functions like attendance, payments and Human Resource management. However, a particular function may be enhanced or specified further depending upon the specific needs of the customers. With the latest technologies making space in the markets the easiest solution devises online hosting for the solution. This makes it affordable and manageable for all those who cannot schedule and afford the installation and setup of a stand-alone system.
The Functions of a Store Management System
- A store management system details the attendance management and record keeping of the daily attendance of the employees and various staff members. It also helps in making the roasters and scheduling the shifts all from a remote location where the set-up is being hosted. It also employs the use of Biometric attendance devices to maintain the regular records. Many functions of the leaves applied and the regularizing of employee payroll managements.
- A second big advantage of the store management system can be customized with respect to the sales and profits made. In such a system focus is created on sales and purchase with automatic billing systems and labelling. A bar code reader scans the item before it is taken out of the store keeping a record of all the sales that are made in a day.
- In either cases, the email coordination between the vendor and the hosting solution provider forms the main chain of network. Records can be requested daily, weekly, monthly or quarterly depending upon the need of assessment.
- The store management system can also be used to manage the sales and discounts being offered on the various items on sale. This is done by enhancing the financial aspect of the management system where in the pricing and discounts to be offered are fed into the system for better managed records and profits are calculated automatically.
The biggest advantage of a hosted store management system is the fact that it manages the entire store while it being hosted at a remote location and is being manned by experts. Nothing can go wrong if an effective store management system is used and applied for the routine functions of a store which aims profitability and growth.