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Software Functionality Revealed in Detail
We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.
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 pos control retail inventory

Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

Compare Now

Point of Sale (POS) Systems

A point-of-sale (POS) system helps retailers automate transactions. POS solutions are used in retail stores where sales associates must enter sales, refunds, layaways, transfers, etc. POS systems typically consist of some form of electronic cash register and may include credit or debit card processing. Such systems are generally used wherever goods or services are exchanged for monetary value, including the hotel and restaurant industry and in retail environments.  

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Documents related to » pos control retail inventory

CitiXsys iVend Retail 5.0 for Point-of-sale Retail Certification Report


CitiXsys product iVend Retail is now TEC Certified for online evaluation of point-of-sale (POS) solutions in the Wholesale and Retail Trade Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary.

pos control retail inventory  online evaluation of point-of-sale (POS) solutions in the Wholesale and Retail Trade Evaluation Center. The certification seal is a valuable indicator for organizations relying on the integrity of TEC research for assistance with their software selection projects. Download this report for product highlights, competitive analysis, product analysis, and in-depth analyst commentary. Read More

Lawson's Approach to the Retail Market


Lawson Retail Operations Suite solutions are built for high-volume retail enterprises and encompass a range of activities, including the management of item information, category planning and review, assortment, pricing, promotions, warehouse replenishment, multichannel ordering, store replenishment, forecasting, and order determination.

pos control retail inventory  during the recent and possibly still ongoing economic malaise, in part as the consumers have been stretching their credit card balances and limits. Generating more than $3 trillion (USD) annually in sales, retail is the second largest industry in the US, as reported by the US Census Bureau in April 2003. However, on the other hand, the sector has been demanding on both the software vendors'' and their prospective customers'' capabilities, since retail organizations and their suppliers alike are constantly Read More

Retail Systems: A Primer


The core components of a retail information system are inventory management, inventory optimization, revenue management, sales management, and reports and inquiries. Non-core components can include financial, supply chain management, enterprise resource planning, customer relationship management, and warehouse management systems.

pos control retail inventory  diagnostic mode, and a POS request for information (RFI) is available from TEC. Reports and inquiries . Merchandisers use reports and inquiries daily to extract information that upper management can understand and can use to take appropriate actions, if necessary. This information provides a bird''s eye view of sales and quantity on hand at a corporate level. Reports and inquiries enable analysis of the performance of sites, of styles on numerous levels (e.g., color, dimension, size, characteristics, or Read More

Retail Market Dynamics for Software Vendors Part One: Software Requirements for Retail


Although the retail and wholesale customers have typically invested a low proportion of their total revenues in information technology, retail industry leaders have begun to demonstrate an ability to achieve market advantage through the effective use of specialized enterprise applications. As a result, the requirement for all retailers to increase their investment in IT and adopt best practices has thus grown.

pos control retail inventory  time . In addition to POS technology upgrades and replacements, increasing the use of mobile technology and improving the use of store-centric forecasting, planning, and replenishment (CFPR) systems are often cited as next acquisition steps by prospective retailer users. For more information on some innovative store execution ideas, such as to equip store associates with wireless technology that offers a more assisted and informed customer interaction through, e.g., on-the-spot comparisons as well as Read More

What’s Microsoft’s Retail Play?


The retail experience is no longer limited to the showroom due to mobile and Web sales, social media, and complex pricing, among other considerations. Read TEC principal analyst P.J. Jakovljevic’s article and see how Microsoft’s recently released end-to-end retail solution, Microsoft Dynamics AX 2012 for Retail, with new point of sale and multi-channel management capabilities can help retailers run their entire business.

pos control retail inventory  and India with their POS solutions—due to the challenges in localization and lack of adoption—Microsoft continues to expand its presence end-to-end. This gives multinational companies the chance to have consistency and drive more value from their existing IT investments when entering new markets. In fact, Microsoft Dynamics AX for Retail is the only solution with a consistent data model and business rules allowing for complete control over the core foundation of a retailer business out of the box. Read More

Inventory Planning & Optimization: Extending Your ERP System Part Three: Business Case for Inventory Optimization Solutions


Inventory Optimization software recognizes that different industries have different inventory profiles and requirements. Research has indicated that solutions are priced in a large range from tens of thousands of Dollars to millions of Dollars. In this niche market sector, price is definitely not an indicator of the quality of solution. ROI and usability are paramount.

pos control retail inventory  inventory very well, and possibly even provide a basis for replenishment. However, such systems can lack the sophistication required to take inventory management to the next level, as well as the responsiveness necessary to handle rapidly changing market conditions. Nor do they have the depth or strength to evaluate and forecast inventory down to individual products and locations, which is essential if you''re going to squeeze out additional costs and increase profits. (Source: S.Kilgore, Balancing Read More

Epicor Retail Acquires ShopVisible for E-commerce and Omnichannel Order Management


Epicor recently acquired Atlanta-based ShopVisible, LLC, a provider of cloud retail order management and digital commerce solutions. ShopVisible delivers a standalone distributed order management solution that supports the complex business processes associated with both B2C and B2B order processing.

pos control retail inventory  through order orchestration to post-transaction order repository processes. The combination of ShopVisible''s foundational order management capability with Epicor’s point of sale (POS), mobile POS, omni-channel enterprise selling, merchandising, and warehouse management solutions is expected to expand Epicor''s position as a leading provider of extended omni-channel solutions for midsize and large retail chains. With these capabilities, Epicor Retail expects to be a functional yet simpler competitive solu Read More

Let the (Excess) Inventory Flow!


Because companies focus primarily on new product development and promotion, the problem of excess and obsolete inventory, once addressed, often leads to both the inventory and dollars flying out the door. There should be smarter ways of handling this problem.

pos control retail inventory  the continuous assessment and disposition of excess active inventory, which comes from the ever-quicker pace of new product introduction that drives constant product turnover. Further, the rate of customer returns—reportedly up to 20 percent in consumer electronics—results in returned and refurbished inventory. Industry estimates of inventory excess in the high-tech sector alone reportedly approaches $2 billion (USD) annually, whereby most companies, in the best case scenario, are liquidating that Read More

Six Steps to Effective Inventory Management


You can take two approaches to inventory management: assume it’s a necessary evil and implement an inventory reduction program when cash gets tight, or put an active inventory management process in place, and continually improve the business results. Learn how to view inventory as cash that can be invested in other ways: move from reactive inventory management to lean and active inventory management in six easy steps.

pos control retail inventory   Read More

Best Practices in Demand and Inventory Planning for Chemical Companies


Supply chain planning involves functions such as demand forecasting and planning, distribution inventory planning, and plant capacity planning and scheduling. The right mix of strategy, education, and systems can have a very high impact on a manufacturer’s overall operations—and ultimately its bottom line. Understand how supply chain functions such as demand and inventory planning can positively impact your company.

pos control retail inventory  and inventory planning can positively impact your company. Read More

Two Epicor Retail SaaS Solution Wins


Vestis Retail Group, which operates Bob's Stores, Eastern Mountain Sports, and Sport Chalet (acquired most recently in August 2014), recently selected several Epicor Retail software as a service (SaaS) solutions for its expanding retail sporting goods apparel and equipment business. Epicor Retail has long had a broad portfolio of solutions for specialty retailers, but with the recent acquisitions of ShopVisible and QuantiSense, Epicor Retail is now able to address most aspects of customer engagement, enterprise merchandising management, and big data analytics, and offer a single view of products, customers, and transactions, in real-time and from any point of interaction, in today's omni-channel retail fashion.

pos control retail inventory  including Point of Sale (POS), Mobile, Enterprise Selling, Customer Relationship Management (CRM), Merchandise Planning, Assortment Planning, Merchandising, Warehouse Management, Sales Audit, and Retail Analytics.   Also recently, Bauer Hockey, the world''s leading designer, developer, manufacturer, and marketer of ice hockey equipment, selected Epicor Retail cloud solutions for its new Own The Moment retail experiences, the first of which is set to open in the Boston suburb of Burlington, Read More

How to Balance Control and Agility in the Virtual Environment


Find out in balancing control and agility in the virtual environment.

pos control retail inventory  to Balance Control and Agility in the Virtual Environment The dynamic nature of a virtualized data center environment presents management challenges that are different from a purely physical environment. Virtualization brings a higher level of speed and flexibility, producing a more disciplined approach to service management—one with more effective processes and controls. But control should not come at the expense of agility. IT needs to strike the optimum balance between the two. But how can this Read More

PLM for the Retail Industry


Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fashion goods (including apparel, footwear, accessory, and home fashion) manufacturers and retailers to achieve more efficient product development, lower cost, and better collaboration and control throughout the whole supply chain.

pos control retail inventory  for the Retail Industry Product Lifecycle Management (PLM) for Retail is an evaluation model containing tailored PLM criteria and extra functionalities that serve the specificities of this industry in order to help fashion goods (including apparel, footwear, accessory, and home fashion) manufacturers and retailers to achieve more efficient product development, lower cost, and better collaboration and control throughout the whole supply chain. Read More

Secure Remote Control: Security Features for Enterprise Remote Access and Control


Since its inception in the 1980s, remote control software has come a long way—evolving into sophisticated tools that provide much more than just simple remote control. But with the wide range of remote control products on the market, it is important to know which features are truly beneficial, in order to separate the good from the bad.

pos control retail inventory  Remote Control: Security Features for Enterprise Remote Access and Control Since its inception in the 1980s, remote control software has come a long way—evolving into sophisticated tools that provide much more than just simple remote control. But with the wide range of remote control products on the market, it is important to know which features are truly beneficial, in order to separate the good from the bad. Read More