Retail is now one of the world's fastest-growing industries. However, as the industry expands, so do the management challenges. The retail sector is made up of a number of sub-sectors, each of which must be managed effectively in order to sustain or maximize income. Fortunately, in the retail industry, retail ERP software may be the answer. In recent
The ever-changing fashion industry is known for its dizzying expectations, specific legislation, and fickle consumer preferences. To be competitive, a clothing company must be adaptable, versatile, and able to keep things in perspective. This is made possible by the use of the appropriate technological resources. In such cases, ERP software may assist
In this highly competitive modern landscape, organizations need to shift to ERP software if they want to build a cognitive business; since it can help them streamline processes while intelligently utilizing real-time data to promote operational efficiency, enhance collaboration, and quickly respond to changes. A cloud-based ERP system can help you run all
The pandemic has affected all the sectors across the globe in a drastic way, especially the fashion retail business in developing countries like India. In addition to the pandemic, falling GDP growth, increasing inflation, and unexpected financial losses have made the Indian fashion product consumers even more cautious about where to spend their money.
The ERP software technology came a long way since its invention in 1960. At that time, big firms use it as inventory management and quality control system. But now, no matter what task it is, small-medium and large enterprises use ERP software to handle their complete business operations. An ERP system is necessary for building a cognitive business that
In the fashion products segment, the retail corporation is gaining more importance to enhance India’s retail ecosystem. Back in the year 2020, when the COVID-19 outbreak started, many issues arise, such as: Increase in inflation, Falling GDP, Global Financial crises, Increase in unemployment, Shutting down of businesses, etc. This
One thing that COVID-19 taught to retailers is that the use of modern ERP solutions that offer omnichannel, cloud-native, multi-billing, and microservices is inevitable if they want to address rapid change in shopper’s demand in the future. We can’t deny the fact that it was necessary to impose a nationwide lockdown to protect people from getting
When the pandemic started and the global lockdown was announced, the first challenge that retailers faced was to cop-up with the sudden rise in essential items. At that time, many challenges surfaced like inventory management, handling sudden demand-outburst, internal theft, etc.. After that, online ordering and delivery of items was introduced at a large
In the fashion & apparel industry, one of the things that a consumer desires are to have a close connection with his/her favorite brands and the party behind them. But now, during the pandemic and after it’s all over, they want to make less physical contact as much as possible. The restrictions placed during the lockdown period had a great impact on
Since the start of this global pandemic, there have been dramatic changes in our lives, and the business models of almost every industry. People started adopting online shopping & payment methods, home delivery of groceries experienced a huge boost, and much more. The COVID-19 also accelerated the demand for cashless payment modes as consumers want to
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