Thursday, November 24, 2011

Inventory Management - Update

RetailPro!
Hardgoods Brochure

This is a great system - There are over 52,000 retailers using it today.

It seems to be the best option for us out of the ones I have been researching. This one will keep track of our inventory at point of purchase (as discussed before), it tracks and presents any customers purchase history from any His Man Friday store worldwide, is simple to install, is priced right, and is extremely user-friendly. My girlfriend worked at Betsey Johnson, a very high-end and well-known clothing retailer with hundreds of locations - They use this system in all of their locations and after trying it myself at the store, I strongly believe that this is the system for His Man Friday!

They offer different packages based on our needs. There are different options for franchises, apparel, footwear, gifts and toys, home furnishings, jewelry, sporting goods, and most importantly hardgoods. Looking into their hardgoods offering, they meet the important needs that would be critical for a store like His Man Friday - including:
1. The ability to track a large number of products
2. Organize them based on style, color, size, or season.
3. Place items on backorder
4. Automate inventory replenishment based on restock levels that we set.
5. Create purchase orders based on current information.
6. Organize and present customer demographics right at the POS
7. The ability to suggest relevant up-sells and cross-sells to a select group of customers based on their purchase history or demographic
8. Automated, targetted mailing
9. The system has the ability to handle sales related transactions even when the network is down.




3 comments:

Anonymous said...

Wow, this system sounds like it is very well rounded. I actually found a cool business out of Florida that is doing something similar to your guys concept. You guys may have already checked it out, but if you haven't here is there link.

http://www.sirlbs.com/

I really like the nautical theme that surrounds your guys business. I think it's a cleaver branding strategy.

pbruns said...

Thanks for the link, Matt!

I'll be sure to check it out.

mdowhaniuk said...

This system sounds exactly like what we want for our store! If more than 52,000 retailers use it, it must be doing something right!

Matt - That's a really sweet business! It's kinda difficult to tell exactly what kind of products they offer since they aren't really featured on the website but their services are something to look into. Currently they offer some services we don't; perhaps we might be able to look into incorporating some of those services down the road. We're trying to keep the man friendly feel by going with the nautical theme as well as stay in line with the name of our store.

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