Considering that you are here, you are pretty familiar with the complicated processes involved in merchandising, and you are looking for the possibility to start going digital with your tasks. Well, you made the right choice, and more importantly, you came to the right place. Look for your very own merchandising software in this article and start automating business processes to achieve your desired outcomes today.
11+ Merchandising Software
1. Foko Retail
8. Natural Insight
What Is Merchandising Software?
Merchandising software is a digital solution that helps businesses with their daily merchandising management operations. It streamlines the complexities of the merchandise planning processes and stock management activities. With this software, you can decide what stocks to display in your store and when to do it. In addition, it provides information as to the most optimal location to put a specific product to grow your sales.
Also, this software provides more transparency to essential data as it gathers data analytics and transforms them into visual reports. Digital tools to help retail businesses with product information management are also present in this software.
When you use this merchandising solution, you can input and access data in real-time, which allows you to manage and disseminate data more effectively. Also, it has business process automation capabilities that digitize methods to ensure utmost efficiency. In addition, it helps you keep up and cater to the demands of your market.
The demands of varying merchandising managers, although they may overlap, most of the time differ from one to the other. To cater to those demands, software developers created and put merchandising software solutions with varying specializations in the software market. That said, to single out the software most suited for you, you should study your options deliberately. Some of the factors you should consider are the services they offer, their prices, and their compatibility with your preferred digital device and business size. In addition, you should also take these essential features into account:
- Analytics platform
- Activity dashboard
- Inventory management tools
- CRM system
- Intelligent merchandising functionalities
- Pricing optimization tools
- Centralized database
- Task management tools
- Calendar and scheduling functionalities
Top 10 Merchandising Software
This software provides its users with database conversion and virtualization functionalities. They have 135,000 people working for them and have 39.07 billion dollars in revenue.
Automated scheduling and attendance tracking tools are examples of features in this software. They have a generated revenue of 357 million dollars and have 1,700 employees.
Tools for backorder management and asset tracking are accessible in this digital solution. They have employed 1,500 people and have generated a revenue of 315 million dollars.
Aptos offers functionalities for streamlining retail merchandising and inventory management. They have 1,300 employees in their team and have a generated revenue of 273 million dollars.
Demand forecasting and channel management tools are accessible in this software. They have 28 million dollars in generated revenue and have 150 people on their team.
In this digital solution, you can access campaign management and inventory control tools. They have a generated revenue of 23 million dollars and have 125 people working for them.
7. Foko Retail
When you use this retail operation solution, you can use powerful reporting tools and multi-management functionalities. They have 18 million dollars in revenue and have 50 employees.
8. Natural Insight
Natural Insight offers labor forecasting features and time and attendance tracking functionalities. They have 38 employees working for them and have 9.5 million dollars in revenue.
With this merchandising platform, you can utilize tools for order management and workflow automation. They have 92 people working for them and have 6 million dollars in revenue.
This retail merchandising software offers employee management and email marketing capabilities to its users. They have a generated revenue of 5 million dollars and have employed 30 people.
What are the various types of merchandise?
There are varying types of merchandising you can apply in your business. The means and methods that each of them incorporates are what sets them apart. One of these classifications includes product merchandising. It refers to the campaigning activities for selling your goods. Also, there is digital merchandising and retail merchandising. The former refers to the promotional activities made online, and the latter encompasses the marketing activities for growing sales in physical retail stores. In addition, the last one is visual merchandising, which concerns your display strategy for highlighting particular products.
Why is merchandising essential for growing businesses?
Merchandising practices can help you amplify your marketing efforts by customizing the design and layout of your store to complement your marketing and advertising strategies. Also, it provides your workforce the data they need, which improves employee productivity and enhances customer service. In addition, it helps businesses identify the most optimal way to improve business health.
What are essential tips for successful merchandising?
Engaging the five senses of your customers is something you should aim for in your merchandising operations. Also, undertake strategic planning to develop displaying techniques and generate a planogram. In addition, you should utilize digital solutions to collect sales analytics and measure essential metrics to track results. Another tip is to employ compelling digital marketing strategies and expand your customer pool through online marketing platforms.
Every move in business should be strategic and accurate. That said, to gain a fighting chance that can accelerate you in this competitive industry, you should step up your game by leveraging the means available at your disposal. Do not settle for less for your merchandising strategies and equip only the best merchandising software for your business.
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