Retail ERP = POS + Inventory management + Accounting = Business Reports

Inventory control system: By watching your inventory and comparing on shelf inventory to your computerized reports both you and your employees will become:
       a. Careful about obsolete inventory.
       b. Sensitive about monitoring breakage.
       c. Checking inventory as the items enter your store.
       d. Careful about giving away Inventory.
       e. There will be no confusion about you have a certain item in store or not.
This will reduce inventory shrinkage by up to another 2 .5 by computerizing.

Reduce your inventory: By watching your inventory reports, you can make sure that you order more wisely. POS software helps you monitor and control your current and future inventory. Reduce non-moving inventory.

Increase your inventory: according to the season, festivals and special occasions. If you start using Retail ERP then you will have past inventory reports to compare and see how much inventory you want at that particular time of the year.

Increase your Profit Margins: By reading your reports you will find out what are your more profit generating items and you can increase inventory of those items. Also if you have similar items from two suppliers then you will know from whom to order also you can negotiate better with the vendors if you have visbiity into these reports. Your inventory reports will help you to stock more products that give you greater profits and lesser items that give you lesser amount of profits.

Speeds up Checkout time: With a bar code scanner you can check out a customer in half the time. Even you don't use barcode scanner your checkout is still faster and more accurate because you are entering inventory item numbers which are automatically tied to pricing specified in cash register express for each inventory item.

Accuracy: Every item in the store has a price associated with it; Never again you will have to figure out how much that flashlight sells for. Your clerks will stop guessing those prices.

Keep track of your customers: Your best customers are your existing customers. No matter what type of store you have, you should try to obtain name, address and email address (if possible) from each one of your customers. Keeping a customer list of an obvious asset since to move inventory you can inform customers about a sale. Keeping in touch with your customers is the best form of advertising. Periodically being in touch with the customers keeps them coming back to your store.

Buying History of customers: Also you can see what your customer's past buying history. So you can use that data for making a good sale happen.

Use Supplier Resources to advertise your shop: If you are creative your suppliers may pay for your mailing since you can advertise their products so it will be no cost to you but indirect advertising for you shop. This you can do only if you are organized enough and show all the data about suppliers products that are selling from your shop.