Use Product Management Software to maximize profit
Retail businesses are entirely centered around the prodcuts that they sell. H aving the right products, the correct amount of them, and pricing them appropriately is the only way to attract new and existing customers to your store(s) and make a profit day in and day out. Managing these products can be difficult work, but thankfully, ChainDrive offers a comprehensive retail software system that can help you oversee everything related to your business. Its Product Management component includes all of the tools you need to oversee your inventory, handle pricing, and more.
The software’s versatile structure allows you to handle pricing in a variety of ways. Price Management includes tools that let you zone pricing, disallow changes to specific products or stores, and more. It can handle businesses that operate multiple banners and those that have geographically diverse locations. Choosing the right pricing for your specific stores is important to making the most out of your money; some products will sell at higher prices in certain areas than in others. Recognizing these patterns and implementing them correctly will go a long way in reaching new levels of success in your retail business.
One of Product Management’s flagship features is its Inventory Matrix, which is designed to handle purchasing, simulations, allocations, and more for any and all of your products. With over 30 distinct data attributes available, you can handle all of the complex duties associated with managing your products. You can even use the matrix to predict how changes will affect your sales before taking action. It’s a great tool for gaining insight into your products and how your decisions will affect your business.
Get Product Management software and handle your inventory the right way!