![\"inventory-Prism\"](\"https:\/\/www.retailpro.com\/News\/blog\/wp-content\/uploads\/2016\/06\/inventory-Prism.jpg\")
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\nThe omnichannel expectation set by Tier 1 retailers has quickly trickled down to specialty retail and retailers everywhere are feeling the pressure to deliver. Retail Pro helps retailers simplify the inventory management across channels for omnichannel retail.<\/p>\n
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What\u2019s wrong with omnichannel inventory management <\/span><\/h3>\n <\/p>\n
The modern retail experience is composed (often) of several entirely different, disconnected software, so you are forced to keep disparate inventories for your e-commerce orders and your in-store sales \u2013 with all the duplication that entails.<\/p>\n
In the very big picture, it doesn\u2019t matter all that much if your systems are disconnected and duplicated. They still get the job done.<\/p>\n
But if you examine the process more closely, you\u2019ll see the pockets of chaos you keep tolerating when you segregate your channels, the collective negative impact of which compounds when extended year over year.<\/p>\n
Inefficiencies in replenishment<\/strong><\/p>\nExtraneous steps in the workflow<\/strong><\/p>\nUnderutilized resources<\/strong><\/p>\nGross inventory and labor duplication<\/strong><\/p>\n <\/p>\n
And it hinders you from making more intelligent use of your inventory across the enterprise \u2013 especially later in the season, when you might be faced with stock outs (lost sales) and overstocks (unprofitable markdowns).<\/p>\n
\u00a0<\/strong><\/p>\nStop retail chaos<\/span><\/h3>\n <\/p>\n
Omnichannel in its most practical sense is intended to stop retail chaos<\/a> like this through the simplification and streamlining of retail processes and technologies.<\/p>\n![\"chaos\"](\"https:\/\/www.retailpro.com\/News\/blog\/wp-content\/uploads\/2016\/06\/chaos.jpg\")
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Connecting your back office inventory, e-commerce, POS (and etc.!) systems in the Retail Pro Prism platform gives you unified visibility into your operations and performance, and simplifies data sharing \u2013 so you can make data-driven optimizations and achieve benefits like these:<\/p>\n
\n- Shopper autonomy<\/strong> Empower shoppers to look up, order, or purchase available store inventory online or at another location<\/li>\n
- Reduced shipping costs<\/strong> Allow customers to pick up or return online purchases in-store or at satellite locations<\/li>\n
- Increased inventory turn<\/strong> Rebalance inventory across the enterprise and fulfill online orders from the nearest store instead of from the warehouse<\/li>\n<\/ul>\n
With all your technologies connected in Retail Pro Prism, you can then deliver the inventory visibility your customers expect from omnichannel.<\/p>\n
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Deliver on the omnichannel expectation<\/span><\/h3>\n <\/p>\n
Your customers have learned to expect little conveniences like being able to go on your website to look up whether a particular item is in stock at the store nearby and reserve or purchase it.<\/p>\n
Little customer-facing conveniences like that can actually require a major operational upheaval, depending on the state of your inventory and whether you can tie your e-commerce to your inventory management software.<\/p>\n
With Retail Pro Prism, you can do that. e-Commerce<\/strong> and POS <\/strong>at every location can be seamlessly integrated to the Retail Pro platform (whether you use the native applications or opt for other software of your choice), so they can share transactional data in real time (or whatever interval is optimal for your operations) with the inventory management tools in Retail Pro.<\/p>\nThis ensures that your inventory data is up to date when a shopper is looking for a particular product at your store. You won\u2019t have to ask your customers to wait while you go get a different device to look up the inventory information. You can easily look up whether you have that item in stock from any device you use for your everyday operations, including iPod, iPad, Windows, Android, laptop, and desktop <\/strong>\u2013 because all of the same features are accessible on every device, even from the POS. <\/strong><\/p>\nYou can also see whether your other store locations have the particular item your shopper is searching for. With Send Sale transaction is Retail Pro Prism, you can record a sale at one store and fulfill the transaction at a different store that has available inventory, so you save every sale and your customer leaves satisfied.<\/p>\n
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![\"Send](\"https:\/\/www.retailpro.com\/News\/blog\/wp-content\/uploads\/2016\/06\/Send-Sale.png\")
<\/a>With Send Sale transaction is Retail Pro Prism, you can record a sale at one store and fulfill the transaction at a different store that has available inventory, so you save every sale and your customer leaves satisfied.<\/p><\/div>\n
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Reconcile digital and physical inventory counts <\/span><\/h3>\n <\/p>\n
To offer customers this kind of visibility into what you have in stock, it\u2019s critical for you to be on top of your physical inventory<\/strong>. Retail Pro Prism helps you keep accurate counts of your physical inventory and determine whether any loss has occurred.<\/p>\n\n- Confirm your inventory on a store-wide or warehouse-wide scale, or on a bin or shelf<\/li>\n
- Record physical counts data by scanning barcodes, RFID <\/strong>tags, or manually typing item identifiers<\/li>\n
- Use current On Hand inventory values as start quantities in your physical inventory file<\/li>\n
- Identify and review discrepancies easily with a separate Discrepancies list<\/li>\n<\/ul>\n
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![\"Physical](\"https:\/\/www.retailpro.com\/News\/blog\/wp-content\/uploads\/2016\/06\/PI-1.png\")
<\/a>Retail Pro Prism helps you keep accurate counts of your physical inventory and determine whether any loss has occurred.<\/p><\/div>\n
<\/p>\n
With your inventory levels confirmed in Retail Pro Prism, you can increase in-store fulfillment accuracy for online orders being picked from your store shelves, and improve replenishment rates.<\/p>\n
Sporting goods and apparel retailer Massey\u2019s Outfitters uses Retail Pro to keep lower inventory. They rebalance their goods between stores and send directly from the vendor via integrated dropship rather than pulling from the warehouse. Warehouse-based replenishment for web sales accounts for only 25 \u2013 50%, resulting in significant efficiency gains.<\/p>\n
Inventory accuracy is foundational to every omnichannel strategy. Take control of your inventory today with complete visibility in Retail Pro Prism.<\/p>\n
<\/p>\n
<\/p>\n
Discover omnichannel simplicity<\/span><\/h2>\nWant to see how you can simplify omnichannel inventory management with Retail Pro Prism? Learn more in this brochure<\/a> or request your free consultation today!<\/p>\n <\/p>\n
![\"Request](\"https:\/\/www.retailpro.com\/News\/blog\/wp-content\/uploads\/2016\/06\/consultation-15.png\")
<\/a> <\/strong><\/p>\n <\/p>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
The omnichannel expectation set by Tier 1 retailers has quickly trickled down to specialty retail and retailers everywhere are feeling the pressure to deliver. Retail Pro helps retailers simplify the inventory management across channels for omnichannel retail. … Continue reading
Extraneous steps in the workflow<\/strong><\/p>\n Underutilized resources<\/strong><\/p>\n Gross inventory and labor duplication<\/strong><\/p>\n <\/p>\n And it hinders you from making more intelligent use of your inventory across the enterprise \u2013 especially later in the season, when you might be faced with stock outs (lost sales) and overstocks (unprofitable markdowns).<\/p>\n \u00a0<\/strong><\/p>\n <\/p>\n Omnichannel in its most practical sense is intended to stop retail chaos<\/a> like this through the simplification and streamlining of retail processes and technologies.<\/p>\n <\/p>\n Connecting your back office inventory, e-commerce, POS (and etc.!) systems in the Retail Pro Prism platform gives you unified visibility into your operations and performance, and simplifies data sharing \u2013 so you can make data-driven optimizations and achieve benefits like these:<\/p>\n With all your technologies connected in Retail Pro Prism, you can then deliver the inventory visibility your customers expect from omnichannel.<\/p>\n <\/p>\n <\/p>\n Your customers have learned to expect little conveniences like being able to go on your website to look up whether a particular item is in stock at the store nearby and reserve or purchase it.<\/p>\n Little customer-facing conveniences like that can actually require a major operational upheaval, depending on the state of your inventory and whether you can tie your e-commerce to your inventory management software.<\/p>\n With Retail Pro Prism, you can do that. e-Commerce<\/strong> and POS <\/strong>at every location can be seamlessly integrated to the Retail Pro platform (whether you use the native applications or opt for other software of your choice), so they can share transactional data in real time (or whatever interval is optimal for your operations) with the inventory management tools in Retail Pro.<\/p>\n This ensures that your inventory data is up to date when a shopper is looking for a particular product at your store. You won\u2019t have to ask your customers to wait while you go get a different device to look up the inventory information. You can easily look up whether you have that item in stock from any device you use for your everyday operations, including iPod, iPad, Windows, Android, laptop, and desktop <\/strong>\u2013 because all of the same features are accessible on every device, even from the POS. <\/strong><\/p>\n You can also see whether your other store locations have the particular item your shopper is searching for. With Send Sale transaction is Retail Pro Prism, you can record a sale at one store and fulfill the transaction at a different store that has available inventory, so you save every sale and your customer leaves satisfied.<\/p>\n <\/p>\n With Send Sale transaction is Retail Pro Prism, you can record a sale at one store and fulfill the transaction at a different store that has available inventory, so you save every sale and your customer leaves satisfied.<\/p><\/div>\n <\/p>\n <\/p>\n To offer customers this kind of visibility into what you have in stock, it\u2019s critical for you to be on top of your physical inventory<\/strong>. Retail Pro Prism helps you keep accurate counts of your physical inventory and determine whether any loss has occurred.<\/p>\n <\/p>\n Retail Pro Prism helps you keep accurate counts of your physical inventory and determine whether any loss has occurred.<\/p><\/div>\n <\/p>\n With your inventory levels confirmed in Retail Pro Prism, you can increase in-store fulfillment accuracy for online orders being picked from your store shelves, and improve replenishment rates.<\/p>\n Sporting goods and apparel retailer Massey\u2019s Outfitters uses Retail Pro to keep lower inventory. They rebalance their goods between stores and send directly from the vendor via integrated dropship rather than pulling from the warehouse. Warehouse-based replenishment for web sales accounts for only 25 \u2013 50%, resulting in significant efficiency gains.<\/p>\n Inventory accuracy is foundational to every omnichannel strategy. Take control of your inventory today with complete visibility in Retail Pro Prism.<\/p>\n <\/p>\n <\/p>\n Want to see how you can simplify omnichannel inventory management with Retail Pro Prism? Learn more in this brochure<\/a> or request your free consultation today!<\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The omnichannel expectation set by Tier 1 retailers has quickly trickled down to specialty retail and retailers everywhere are feeling the pressure to deliver. Retail Pro helps retailers simplify the inventory management across channels for omnichannel retail. … Continue reading Stop retail chaos<\/span><\/h3>\n
<\/p>\n\n
Deliver on the omnichannel expectation<\/span><\/h3>\n
<\/a>Reconcile digital and physical inventory counts <\/span><\/h3>\n
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<\/a>Discover omnichannel simplicity<\/span><\/h2>\n
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