As a retail expert, you know that the retail business isn’t just about selling a product at the lowest price. It’s about finding ways to create unique shopping experiences that attract new customers and strengthen the loyalty of the customers you already have. At the same time, you need to keep your finger on the pulse of trends and make sure you have the right inventory on hand to meet demand.
The SAP Business One application can help you do just that—manage both traditional and online sales, coordinate loyalty programs, track inventory, monitor customer demand, and view supplier schedules, all in a single system.
Besides running your core business functions such as sales and financials, SAP Business One can help you:
Optimize inventory management
Track inventory levels and stock movements in real time to minimize “stock-out” situations, increase goods availability, and reduce inventory-carrying costs. Also manage price lists, special pricing, and quotes.
Anticipate customer demand
Provide full past-transaction data so you can analyze customer buying behavior to predict demand more accurately and balance inventory levels accordingly.
Streamline the order-to-cash process
Automate key processes to improve efficiency across the order-to-cash cycle including order creation, stock-level updates, delivery, invoicing, and accounts receivable.
Tighten partner integration
Provide online self-service capabilities for customers and suppliers so they can view inventory availability, the status of orders and deliveries, and billing information.