Product Management software is key to maximizing profit
If you’re in the retail industry, you’ll know that your products are some of the most important assets in your business. Without having proper control of your products, you can kiss any hope of being successful goodbye. Unfortunately, product management is no easy task. It requires a combination of careful analysis, execution, and support systems. Thankfully, there are tools available that can help you out. ChainDrive’s Product Management software includes all of the features you will need to control inventory, manage prices, develop reports, and organize your products.
One of the most unique features of our Product Management software is the ability to apply user-definable attributes to any and all items in your inventory. Let’s say you’re a sporting goods store and you’d like to develop a custom group that includes all items for a given sports team. All you have to do is make an attribute for it and you can then sort them all together. It works for a wide variety of businesses and can help you take action, review sales of specific items, and much more.
With the Price Management tool found in this software, you will be able to develop appropriate but competitive pricing for your products. It can handle pricing whether you operate multiple banners, have geographically or demographically diverse locations, or you wish to zone pricing. It uses formula-based tools to help determine the proper way to price your products and maximize success.
The software also includes a Reporting and Analysis feature that will help you determine how the changes you’re making are affecting sales and other performance metrics. Be sure to analyze information on a regular basis to ensure that things are running according to plan.
Get ChainDrive’s Product Management software and improve your business right away!