VRP Announces Smartphone App for Multiple-Store Inventory Management
Visual Retail Plus (VRP) has recently introduced a Smartphone app designed for managers of multiple stores, to enable more efficient inventory management and more timely responses to sales information. The VRP Smartphone app accesses the local database of each location, so that managers can have the inventory and sales information on hand at all times for each store.
For example, let's take a chain of three liquor stores. Store A may have an abundance of a certain brand of vodka, but Store C may be running low on that product. With a quick glance at the VRP Smartphone app, a manager can decide to transfer inventory to meet Store C's needs without having to reorder, therefore saving an unnecessary expense.
Store B, however, may be experiencing a shortfall in a certain brand, but inventory management control through VRP's Smartphone app shows that the product should be on hand. The manager will be alerted right away that there is a problem. Is there a real loss in terms of natural shrinkage, is there a reason to suspect employee or customer theft, or is it simply an oversight of someone not restocking shelves from back-room inventory? The Smartphone app becomes more than an inventory control tool; it becomes a management tool as well.
Woody Halevy designed the new Smartphone app for VRP. He noted that owners going between stores often can't remember their inventory off the top of their head, so they must rely on the computer in the back office for basic information. "This is too slow for today's need for quick response," he stated. "Money is wasted when time is wasted."
Inventory Management is Key to Profit Margin
With VRP's multiple-store app, each store manager can see what they have on hand and compare that to the original inventory matrix, in all of the chain's stores. This gives them the opportunity to determine if there is a need to reorder or reposition the products within the store.
Halevy explained that the VRP Smartphone app also prompts managers and sales associates to look for seemingly obvious solutions. "This app is a simple way to bring inventory to the retailer in a timely manner and increase not only sales but also customer satisfaction." Making sure that one will always have what their customer needs ensures that they'll never have to go looking elsewhere.
Another benefit of the VRP Smartphone app is that while scanning inventory, the manager can adjust pricing, develop strategic placement of items within each store, address point of sale retail issues and make other customer-driven decisions. Since the manager is not stuck in the backroom, he or she can be out on the sales floor making these decisions and improvements, and assigning tasks on the spot.
The VRP Smartphone app holds benefits for managers in all retail vertical markets, including apparel and footwear stores, gift shops, department stores, liquor stores, booksellers, school operations, pet supplies, outdoor and camping outfitters and more.
There are several reasons to use smart phones for inventory management and other retail management functions. Smartphone's are less expensive than hand-held scanners, allowing more associates an opportunity to participate in the inventory control process. Since many new hires are already familiar with Smartphone usage, time and money spent on training will be reduced. This can be especially significant during seasonal hiring when sales are more fast-paced and diverse.
"The ability to adjust 'on the fly' is a tremendous asset for retailers, whether they manage one store or 100," Halevy said. "There has been tremendous interest in this software, and VRP believe it will become a staple for retail store management."
About Visual Retail Plus
Visual Retail Plus (VRP), headquartered in Hackensack, NJ, supports a national network of dealers and resellers. The company provides solutions to overseas customers from satellite offices on the West Coast of the US and in Israel (888-767-4004). http://www.visualretailplus.com/.