As E-commerce sales continue to rapidly grow year-over-year, Online retail Businesses need an ERP solution to manage to scale order volumes while delivering exceptional shopping experiences.
Legacy solutions often operate in silos – on-premise ERP, separate WMS, disparate PoS, etc. This leads to fragmented data, supply-demand mismatches, and potentially unhappy customers. Retail Businesses need their Inventory and order management workflow optimized for which they need a dynamic ERP system that can automate their workflows and provide data in real time.
Benefits of an ERP for an Online Retail Business:
- Centralized Inventory and Order Management – Retail ERP creates a single source of information for inventory spanning online storefronts, warehouses, physical store stock, and in transit. Orders get fulfilled optimally across channels. Inventory turns faster with fewer write-offs.
- Superior Order Fulfillment – Retail ERP streamlines order fulfillment with integrated supply chain management. Multi-node inventory allocation cuts split shipments and speeds deliveries. Automated PODs and invoices accelerate post-sale processing. Shipping integrations lower freight costs too.
- Boost Operational Productivity – Modern, intuitive user interfaces and mobility features improve the usability of retail ERP systems for frontline staff. Guided workflows for back-end processes like returns, reporting, billing, analytics, and much more reduce manual efforts. Executives gain insights to optimize strategies.
ERP Implementation Best Practices for Online Retail Business:
- Onboarding Checklist
- Establish executive sponsorship for alignment
- Train champion users across departments
- Model & test integrations with payment gateways, shipping, etc.
- Customize workflows based on business processes
- Accelerate testing with end-to-end order cycle simulation
- Refine configs post-trials to resolve gaps
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Versa Cloud ERP integrates omnichannel retail operations in a unified cloud platform. Centralized inventory, efficient unified order orchestration across channels, and data-driven insights optimize e-commerce at scale. Let’s explore key benefits.
ERP for an Online Retail Business: Order Management
Versa Cloud ERP aggregates orders from all channels – website, mobile, brick-and-mortar stores, marketplaces, etc. in a single workflow sequence, queued for fulfillment based on business rules like available stocks, delivery dates, and more. Orders can be fulfilled from any location with inventory for speedy delivery.
ERP for an Online Retail Business: Warehouse and Inventory Management
The platform provides real-time visibility into item-level inventory across the distribution network – warehouses, stores, and stock-in-transit. Perpetual inventory accounting ensures high accuracy. Rule-driven stock allocations reduce split shipments and speed delivery. Serial/batch tracking enables recalls if required or for luxury retail. Efficient store-to-warehouse and warehouse-to-store transfers can replenish stock just in time.
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ERP for an Online Retail Business: Actionable Insights for Smarter Decisions
Retailers can track KPIs like sales by channel, category, brand, etc for smarter merchandising. Executive dashboards offer insights into customer metrics and other analytics. Granular order reports aid customer service.
ERP for an Online Retail Business: POS and Unified Commerce
For retailers operating brick-and-mortar showrooms, Versa Cloud ERP unifies data between the online and offline worlds. Versa Cloud ERP captures in-store purchases, and queues orders to the cloud ERP for fulfillment while updating inventory and supply chain in real time.
Customer satisfaction is higher with unified order histories, loyalty points, offers, etc visible across channels. Store staff productivity also typically improves with intuitive cloud interfaces replacing legacy on-premise POS.
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Benefits of Versa Cloud ERP for Online Retail Business:
- Centralized real-time inventory – Significant reduction in out-of-stocks.
- Higher Order Fulfillment efficiency – Reduced split orders with allotment rules for logical sourcing
- Deeper visibility into business performance – Insights to optimize strategies leveraging analytics
- True unified commerce across online and offline channels
- Always-on cloud availability, scaling rapidly during peaks
- The lowest Total Cost of Ownership is cloud-native SaaS
Rapid Implementation and Proven Results
Cloud ERP enables accelerated rollout in just weeks with minimal business disruption plus greater IT productivity. Pre-built integrations with payment gateways, shipping carriers, etc. quicken setup.
Versa Cloud ERP is seeing tremendous adoption among forward-thinking retailers based on ROI delivered across omnichannel use cases. For example, a scaling homegrown online brand achieved a 15% increase in efficiency within months of switching to Versa Cloud ERP. Their order processing time was reduced from 2 days to 2 hours!
Schedule a free consultation and personalized demo to see if Versa ERP’s unified commerce capabilities can turbocharge your e-commerce metrics.
Key Takeaway:
It’s important to remember that separate and disconnected systems will make it harder for your online business to grow over time. As you get more orders from different places and in more complicated ways, it will be difficult if your data is all split up. Bringing your information together into one system will help as your business expands globally and gets bigger. Invest smartly in future-proof integrated technology like Versa Cloud ERP tailored for retail and e-commerce. This lays the groundwork to not only efficiently manage omnichannel operations today but also embrace emerging trends like conversational commerce via chatbots, AR/VR-based shopping, and more innovative customer engagement models on the horizon. Start right, scale right.
A Small Business in the modern day is complex and requires resources to deliver on its goals and achieve its full potential. To create a small business success story business owners need an ERP system that grows with them.
Effectively manage your financials, inventory, and production workflows with our award-winning ERP.
Let Versa Cloud Erp’s do the heavy lifting for you.
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