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CROSS INDUSTRY FUNCTIONALITY

LS Retail offers functionality that can be used across all retail vertical industries, providing the flexibility that enables retailers to further customize their LS Retail solution to fit their needs.
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LS Retail InStore Management

Maximize customer satisfaction and retention

The LS Retail InStore Management solution gives management the tools to define processes and item groupings to maximize customer satisfaction and retention.

In addition to identifying the most profitable product mix for each store’s customer demographics, LS Retail InStore Management allows managers to define procedures for ordering, purchasing, picking and receiving, and Point Of Sale (POS) activities, as well as the use of handheld devices for mobile staff.

InStore Management provides shorter staff training time and rapid adoption by low-skill, high-turnover staff. InStore Management also ensures that staff performing key activities will follow company standards with fewer errors.

InStore Management gives store managers control over store activities including:

Price Management functions, such as multiples sales and tender types, product discounts, mix and match, and buy one – get one free.
Inventory Management including transfers, write-offs, and discrepancy management.
Barcode Label Printing
Cash Management
Staff Management including time and attendance, resource allocations, and scheduling.
Remote Purchasing, allowing stores to manage their own purchasing versus centralized purchasing decisions.
ArcherPoint Fashion Retail Software

LS Retail Inventory Optimizer

Optimize inventory levels, free up working capital

The LS Retail Inventory Optimizer uses demand forecasting and statistical models to allow users to define optimal safety stock levels for individual items, groups of items, or the entire organization. Customers who use the Inventory Optimizer have reported the following benefits:

Freed up working capital
Lowered inventory levels up to 35%
Reduced workload up to 80% through automation
Reduced stock-outs by up to 85%
Experienced ROI within six months

The Inventory Optimizer includes:

Manage by Exceptions – identifies potential problems, such as stock-outs, late deliveries, forecasting errors, and slow movers.
Two Dimensional ABC Analyses – lets users set their optimal inventory levels by classifying items into categories simultaneously based on turnover value and units sold.
Order Proposals – uses historical sales, inventory levels, and forecasts to provide users to review order proposals before sending it back to Microsoft Dynamics NAV.
Management Overview – allows managers to review inventory performance, including value of stock, turnover, and turnover ratios based on individual products, groups of products, or store locations.
Constrained Orders – maximizes the use of container space based on similar shelf life without breaking volume, weight, or number of pallets – useful when ordering seasonal products or to reach price points.
Harmonize Inventory Replenishment

LS Retail Replenishment

Out of stock, out of mind. Customer retention is difficult enough–but when you don’t have what they want, when they want it, even loyal customers will go elsewhere. Common-sense retailer thinking says to reduce inventory overhead and store safety stock, making it more likely that popular items won’t be available when customers come calling. All this adds up to lost sales opportunities and increased customer churn.

The LS Retail Replenishment solution provides retailers with an intelligent and flexible approach to stock replenishment, based on store characteristics and customer buying behavior, so you can maximize sales by having the right product mix in the right stores at the right time.

Management can control item replenishment by adjusting warehouse and store information stored in the Replenishment Data File, including items such as:

Average Usage – information gleaned from sales history, seasonal trends, etc.
Planned Sales Demand – manually adjusted to account for promotions, one-time events, etc.
Stock Level – manually adjusted minimum and maximum threshold settings
Like for Like – replace items as they are sold

Managers can use LS Retail Replenishment to systematically keep warehouse and store inventory at appropriate levels based on parameters including:

Item Distribution – product selection and quantity for each store
Store Group – which store or group of stores should carry each item
Frequency – how often item inventory should be replenished
Control Parameters – parameters associated with each item record through the Replenishment Data File

The Open-to-Buy module

This module lets retailers plan purchases to ensure inventories match demand for that period and that money invested in stock remains within set limits.

Consumer-Electronics-Retail-Store-Software-SO

LS Retail Special Orders

When done right, special orders are deal-makers in the currency of loyalty.

Using the embedded Special Order solution at the Point Of Sale (POS), store personnel can customize an order and order the item from anywhere in the distribution chain. Ordering, shipping, receiving, and payment are all handled through Microsoft Dynamics NAV.

When a customer requests a special order, store personnel can easily select the product parameters and determine if an item is in the store, or if it’s available somewhere along the distribution chain. They can even order directly from the manufacturer and have the item shipped to the store. And all this can happen right at the POS.

Learn how we can help your company manage its retail, inventory, and POS systems.

With features designed specifically for retailers and restaurateurs, we work alongside you to customize a solution that fits the way you do business and delivers value to your company.