For security reasons Managers can control who has access to the system and each user is assigned a unique security profile that determines exactly what features and functions can be accessed. Specialized Features/Services There are several reasons for the implementation of the new system. The new system will help with controlling inventory, increase sales, and keeping track of the customer buying habits. The Loyalty program offers an excellent marketing tool for targeting customers with product specific to their buying habits. The system also provides great inventory tool to track product movement in each warehouse.
In this table are information pertaining to products. These are the records of purchasable items at the store. This is a great tool for the sales person who would have to answer the customers as they inquire able the products carried by the store. The order table help the store to track and keep records of all order placed by their customers. The next is the order line table.
The purchasing agent could then monitor the inventory and order product when necessary for each store and have it delivered on an as-needed basis. This would leave the accountant to pay attention to the prices, debit and credit the budget and do long-term projections involving seasonal and product trends as well as the productivity of each store. By integrating the company, Kathy is enabling her business to grow while giving her more freedom to spend doing the parts of the business that she
Your shoppers must always be able to find these necessity items in stock whenever they are needed. These much needed products include household cleaners, health and beauty items, paper products and food items. As the current market structure of the dollar general store is important we look at the effect of government regulations. As seen in the last couple of years, DG has started offering advanced in-store services to their employees which in turn is passed to the consumers. However, more services can be added to attract consumers the best thing any business person can do is to get familiar with the country that you’re targeting.
Using the transaction processing system makes product transactions easier to monitor and track which makes it easier to place orders and monitor how inventory sales are going. They system is able to keep accurate accountability for each product as it is sold, create invoices for orders, and reordering product. Having this system in place is critical because without it there can be data errors from numerous areas. There could be accounting issues such as invoices being paid multiple times, invoices not paid at all, transactions not accounted for, or financial statements not calculated correctly due to missed information. The importance of monitoring all the transactions coming and going from each location plays a key role in maintaining not only accuracy in inventory but also accuracy with the general ledger.
Loss prevention and security is a matter that is very important to the store as for every time tesco loses money due to theft they try to retain their profit by increasing their prices and so to avoid situations such as this occuring the store puts in reinforcements such as security tags, security gates, security cameras etc. Having a security guard(s) at Tesco is a visible deterent to individuals who have the intention of stealing , they also provide proffesional protection of the stores items. Having a security guard in tow means they may control and observe the activites of individuals in store by patroling the store . Security cameras may be used to monitor any suspicious activity it may also prevent/ deter individuals from commiting crimes as they would be recorded, this is a permanent recording is used as proof once a crime is commited and will most likely unsure an arrest/conviction is made. A security company that works in retail is G4S they work to reduce the loss in stock some retail businesses may experience and provide a safer environment for not only customers but also workers.
Department managers are responsible for maintaining inventory levels, forecasting sales, and obtaining the best prices and quality of the products. Department managers rely on historical sales data to determine what their future sales will be as well as inventory forecasting. The director of administration and human resources is responsible for ensuring that the stores employee a diverse staff, by ensuring the staff is diverse this helps ensure the products offered are catered to a diverse clientele. Kudlers Fine Foods uses an outside accounting to ensure that accounting practices fall within federal guidelines. They also have a lawyer on retainer for legal advice if
Both customer categories are a source of revenue and must be kept satisfied to stay in top ranks, and by delivering on time and having competitive prices they shall be kept satisfied. Orders placed by any of the two must be managed properly to ensure that shipments are received on time and safely. Orders placed by any of these customers varies depending on the way the company is run, some like to have extra supply at hand because they might use a certain product on the daily others might just order enough to have at hand due to lack of warehouse space, but they might be willing to pay higher prices because of the urgency of the delivery. The database stored all this information and becomes very helpful in that the Hoffman company can have idea what these customers are willing pay for freight charges. Orders that do not fluctuate very often
Along with stocking of the shelves this system can track the price of the item and the rate of which is sold to determine the future price of the item. The system is the key to the success of Wal-Mart, stocking the shelves to meet the consumer needs at the right price. This sounds like a good system to the store, but it is hard on the producers to meet the orders required to stock the store the following day. For example, the manufactures have to speed up the product
Managers should manage the supply chain efficiently and employees should track as many items as possible while knowing the availability. In addition, some of Kudler’s other needs include payroll, accounts payable, accounts receivable, capital assets, inventory, purchasing, general ledger, point of service transactions, bank reconciliations, and security. Strength and weaknesses Currently, Kudler uses a comprehensive Retail Enterprise Management System (REMS) to run their business. REMS contains different modules, which includes both finance and accounting. Microsoft designs the software and it provides a complete point of sale (POS) solution that enables Kudler to meet unique requirements (Microsoft Dynamics, 2014).