Retail Tracking Systems

Store layout, merchandise display and categorization is superb to facilitate easy tracing / location. Individual store managers have liberty to adjust merchandising mix to suit local taste and placing replenishment orders. Purchasing through central office to get maximum margins, low expense

Information Management System (IMS) refers to a database that integrates financial and other information in organizations from different levels of management and produces regular reports. Starbucks is one of the firms that have implemented IMS. This paper describes IMS for Starbucks, its impact on competitive edge and how it helps to coordinate supply chain partners and to monitor inventory levels. The paper also explains why managing information is better than moving products.

By implementing such a system opportunities are vast. Kudler’s will have more time to spend with their customers, they will

Point of Sale (POS) data systems have allowed the supermarkets and supercenters, to be able to better understand the consumer purchasing behaviors. This has allowed the stores

Retail companies must keep close track of their operations to maintain profitability. Often, the sales data of each individual product is analyzed separately, which can be used to help set pricing and other sales strategies.

They can use data to make lines shorter and check out smoother. They just want what is best for the their customers and in store tracking helps make sure that consumers are always at a satisfactory level.

Point of Sale (POS) data systems have allowed the supermarkets and supercenters, to beable to better understand the consumer purchasing behaviors. This has allowed the stores to beable to better manage their inventories and the product promotions. This knowledge has allowedthe stores to be able to bargain better with their suppliers, which has given them the ability tolower the product costs. The next phase of the marketing research that will have a big impact

This session highlights the impending benefits for using sophisticated information technologies to improve the quality of services, the business technical approach and the business process change.

The information systems used by JCP are varied and very useful for the betterment of the shopping experience of the average customer. The versatility of the POS has the ability to provide for the shopping needs of

The Home Depot Rapid Deployment Center’s inventory tracking system is based on a star network configuration. Each employee uses a Radio Frequency (RF) scanning gun to create labels placed on all inventory as it is received into inventory. Then, the labels on the inventory are scanned and located to predetermined locations in the building, tracking the inventory’s movement through the building. This tracking ensures that no inventory is lost while transitioning from receiving until it is placed on the correct trailer for shipment to our stores. Another function of the RF guns are to track the work being performed by the employees to compare against a predetermined set of standards. This data tells a story of how effectively each person is completing

point of sale system. The POS system is a perpetual inventory counting method that electronically records items immediately upon their point of sale (Stevenson, 2015, pg. 552). In other words, as a cashier scans a customer 's groceries, each scanned item is automatically recorded in the system and deducted from the store’s inventory. Implementing a point of sale would benefit a business’s inventory management function in several ways. First, the POS system will provide managers with a continuous flow of updated information (Stevenson, 2015, pg. 552). As a result, the information will provide more accuracy when used for sales forecasts and analysis, which substantially affect inventory decisions. Continuously, this inventory system would also allow greater flexibility in the sense that it can be wirelessly linked to the main company’s inventory system, creating a network of the company’s inventory systems. The POS system is capable of tracking many operations at once and can be modified according to management’s needs (MacCarthy, n.d.). This flexibility would undoubtedly benefit a large company like Wegman’s with many store locations. Lastly, the system is able to help businesses maintain a high level of customer service. Because the system gives customers a receipt with the price and quantity of each item purchased, the customer is able to see exactly what he or she purchased. This practice

Argos has deployed a location analytics tool to support its multichannel strategy as a major aspect of arrangements to slow down leases in specific zones, and focus its online, and click and collect advertising. The organization has been utilizing Geographic Information System (GIS) analytics software from Esri to pick up a knowledge into clients and contenders alongside a survey of its property portfolio strategy. Argos is to slice up to 10% of its 750 stores in a move to reposition itself from an inventory drove business to a digital retailer. The software examines any kind of area based information, for example, where customers live, competitor destinations, demographics, loyalty card information and transport joins.

Today’s customers are more aware and empowered, and have more bargaining power due to the exponential increase in competition – direct, indirect or substitute. In retailing, they want hassle-free shopping, have less time at their disposal to locate the shop and the merchandise and are reluctant to keep waiting. The modern format retail stores are doing their best to anticipate the customer’s demands and are going all out to redesign their store interiors, offer more choices in varieties and assortments, and are giving as many services as feasible.

Information about the store’s current productivity enhancing program, target market, and other basic yet necessary numerical and qualitative data to develop a conception of the current state of the store

A point of sales system is another great addition to nay growing business. The POS has many functions. The POS will contain a register for purchases, have the ability to track reports and menu maintenance, improve service speed, and enhance customer service. To increase service speed, the POS efficiently makes order entries that are then transferred to the kitchen. This results in fewer mistakes and the ability to track ticket and wait times. The system also has the function of splitting checks and makes card processing simple. This ensures more seat turnover and shorter wait times for the customers. In return this has the potential to increase revenue at every service. POS can create loyalty programs that ensure repeat customers and generate more sales of gift cards. POS provides operational control that analyzes “detailed reports to drill down on sales, server and restaurant performance” (NCR 2013). A software like ALOHA also provides a training interface that allows new employees to learn the system quickly. This reduces the cost a restaurant would ultimately have to pay on training new employees. The ALOHA system is very up to date with new technology trends, providing mobile and digital signage and cloud based solutions and social technologies. The variety of functions in a point of sales system makes it very attractive to new restaurant owners. The cost of a POS can range hundreds to thousands of dollars based on the size of the