Frequently Asked Questions

Product Information & Core Concepts

What is an ERP inventory management system?

An ERP inventory management system is a software solution that enables retailers to plan and forecast demand, manage inventory in real-time, and access advanced tracking and visibility tools. It automates processes such as barcode and RFID tag reading, maintains tight control over cash flow and quality, and synchronizes data with other ERP modules like sales and eCommerce. This ensures accurate stock levels, timely order fulfillment, and high customer satisfaction. (Source)

How does Priority Retail ERP differ from traditional ERP and standalone inventory management systems?

Priority Retail ERP combines the strengths of traditional ERP and standalone inventory management systems. Unlike traditional ERP, which may include generic inventory modules and unused features, Priority Retail ERP is designed specifically for inventory-centric businesses. It offers advanced inventory management, multichannel order fulfillment, CRM, accounting, and finance features, all natively integrated. Unlike standalone inventory systems, Priority Retail ERP eliminates the need for complex integrations and provides a comprehensive, real-time business overview. (Source)

Features & Capabilities

What features does Priority offer for inventory management in retail?

Priority offers real-time inventory management, demand planning and forecasting, barcode and RFID automation, advanced tracking and visibility, and integration with sales and eCommerce modules. It also supports multichannel order fulfillment, CRM, accounting, finance, and supply chain automation. Industry-specific features for retail include head office controls, POS, omnichannel commerce, and centralized customer data. (Source)

Does Priority support no-code customizations?

Yes, Priority enables businesses to adjust field names, screen layouts, and workflows without IT support. This no-code customization makes Priority highly adaptable to changing business needs and reduces reliance on technical expertise. (Source)

What advanced analytics capabilities does Priority provide?

Priority provides hundreds of pre-defined reports and no-code reporting tools, enabling actionable insights for better decision-making. These analytics help businesses optimize operations, improve forecasting, and control budgets. (Source)

How does Priority help automate retail operations?

Priority includes built-in workflows and AI recommendations that automate repetitive tasks, reduce manual errors, and improve operational efficiency. Automation extends to order fulfillment, inventory management, and customer engagement processes. (Source)

Use Cases & Benefits

Who can benefit from Priority Retail ERP?

Priority Retail ERP is ideal for retailers, manufacturers, and suppliers who require advanced inventory management, multichannel order fulfillment, and integrated business management features. It is especially suited for organizations operating in industries such as apparel, electronics, cosmetics, sporting goods, and more. (Source)

What business impact can customers expect from using Priority?

Customers can expect enhanced operational efficiency, reduced costs, improved decision-making, and long-term adaptability. Priority streamlines workflows, automates processes, and provides actionable analytics, resulting in better resource utilization and increased revenue. (Source)

Pain Points & Solutions

What problems does Priority solve for retail businesses?

Priority addresses poor quality control, lack of data flow, poor inventory management, outdated ERP systems, manual processes, limited flexibility, integration complexity, fragmented data, customer frustration, operational inefficiencies, and complex order fulfillment. It provides real-time traceability, centralized data, optimized inventory, automation, and seamless workflows to solve these challenges. (Source)

Competition & Comparison

How does Priority Retail Management compare to ERP competitors like Microsoft, Oracle, Acumatica, and Sage?

ERP competitors often provide generic, industry-agnostic capabilities and lack specialized retail management features. Priority Retail Management delivers a comprehensive ERP suite enhanced for retail, supporting multi-location, omnichannel, and high-volume environments—all in one platform without requiring additional integrations. (Source)

How does Priority Retail Management compare to POS and unified commerce providers like Aptos, LS Retail, Retail Pro, Enactor, and Oracle Retail?

POS and unified commerce providers focus on retail management and POS but lack full enterprise management functionality, relying on integrations for ERP needs. Priority Retail Management offers an end-to-end solution with ERP, retail management, unified commerce, and POS natively integrated, eliminating costly integrations and ensuring smooth operations across the retail chain. (Source)

Implementation & Adoption

How long does it take to implement Priority ERP?

Implementation times vary: industry-specific off-the-shelf solutions can be deployed within a few weeks, while tailored workflows, multi-site setups, or legacy data migration typically take 1-6 months. (Source)

How easy is it to get started with Priority?

Priority makes it easy to get started by offering professional services (configuration, data migration, training), tailored on-site and virtual training, and self-service resources via Priority Xpert (knowledge base, video tutorials, support tools). (Source)

Support & Maintenance

What customer service and support does Priority provide after purchase?

Priority offers comprehensive post-purchase support, including troubleshooting, system optimization, updates and customizations, access to Priority Xpert (knowledge base, tutorials), professional services, and multilingual support resources. (Source)

How does Priority handle maintenance, upgrades, and troubleshooting?

Priority provides automatic software updates and zero-downtime maintenance for aiERP. SaaS customers receive updates outside work hours, with upgrades tested before deployment. On-premises customers install updates themselves. Fault remediation is available for the latest and second latest versions, and extended support is offered for an additional fee. (Source)

Customer Proof & Testimonials

What feedback have customers shared about Priority's ease of use?

Customers consistently praise Priority for its flexibility, high customizability, and intuitive interface. Allan Dyson (Merley Paper Converters) noted full process automation and ease of use. Martyn Young (Cherwell Laboratories) found Priority matched their needs out of the box. Tomer Lebel (Cyberint) stated Priority is much easier and simpler to operate than other leading ERP solutions. (Source)

Who are some of Priority's notable customers?

Priority is trusted by leading companies across retail and ERP sectors, including Ace Hardware, ALDO, Kiko Milano, Estee Lauder, Columbia, Guess, Adidas, Hoka, Toyota, Flex, Dunlop, Electra, IAI North America, Outbrain, Brinks, eToro, Gevasol, Checkmarx, GSK, and Teva. (Source)

Training & Adoption Support

What training and technical support does Priority offer to help customers get started?

Priority provides professional services (configuration, data migration, training), tailored on-site and virtual training sessions, and self-service resources via Priority Xpert (knowledge base, video tutorials, support tools). These resources ensure smooth implementation and effective system adoption. (Source)

Competitive Advantages

Why should a customer choose Priority over alternatives?

Priority stands out for its integration simplicity, single source of truth, cloud-based scalability, no-code customizations, advanced analytics, industry-specific features, automation, and recognition by leading analysts. Trusted by companies like Toyota, Flex, and Teva, Priority delivers efficiency, adaptability, and long-term value. (Source)

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When was this page last updated?

This page wast last updated on 12/12/2025 .

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Blog ERP inventory management system – A must-have for every retail business
Jan. 17, 2023
Blog
ERP

ERP inventory management system – A must-have for every retail business

Yariv Chaba

VP of Business Development & International Sales for the Priority Retail LOB
Woman checking inventory of retail store in warehouse

Summarize with AI:

Inventory management is one of the most critical processes for businesses operating in the retail industry. Efficient inventory Management helps retailers to fulfill orders and reduce wastage.

A full-fledged ERP retail management software usually comes with an inventory management module. However, some retailers might find it to be too generic. Business owners can purchase a dedicated Inventory Management System separately, but those don't always offer the standard ERP features.

The good news? There is a third option: an ERP-based inventory management system or Inventory Management ERP.

What is an ERP inventory management module?

ERP inventory management module allows retailers to engage in demand planning and forecasting, manage inventory in real-time, and access advanced tracking and visibility tools. It helps retailers automate the process of reading barcode labels and RFID tags while maintaining tight control over cash flow and quality.

Most importantly, it syncs with data from other ERP modules, such as sales and eCommerce. It ensures no understocking or overstocking, timely order fulfillment, and high customer satisfaction metrics.

Many systems are available that offer inventory management solutions
The main three are:

1. Traditional ERP systems

A traditional ERP is a complex software system that helps automate multiple organizational processes. Some of the most common features of an ERP system include Business intelligence, Project management, Human resource management, Asset management, Sales and marketing, Customer relations management, and Inventory management.

Traditional ERP systems usually include an inventory management module. However, it is generic and is more suitable for companies that operate limited inventories.

2. Standard inventory management system

Standalone inventory management systems that focus on managing inventory and stock may not offer other ERP features. This means that to gain a comprehensive, real-time business overview and automate business processes, you will need to integrate it with other ERP modules or 3rd party systems.

3.  Inventory management ERP

There are ERP tools that provide solutions designed specifically for businesses that operate inventories at their core. Such ERP systems offer specific features that cater to the unique requirements of organizations that manage stock, fulfill orders, and automate supply chain processes to handle extensive demand volumes.

Why every retail business needs an inventory management software

The retail industry is at crossroads. Many retailers admit that existing technological solutions, such as standard ERP systems, have yet to help them. They confess they need additional tools to converge disparate retail operations like multichannel order fulfillment, social media marketing, multiple point-of-sales (PoS) devices and software, and advanced warehouse and inventory management.

To put things in context, Shopify's 2022 Data-Backed Retail Statistics reveal that 50% of brands plan to unify their online and in-store operations, and 43% plan to use mobile apps to display available items in nearby stores. This correlates with the 53% of shoppers looking at products in-store and ordering online and 47% that browse for products online and pick them up at the store.

A multichannel shopping experience and timely order fulfillment are essential for retailers to survive. An Inventory or warehouse Management focused ERP systems bring the best of both worlds. While helping retailers better manage their warehouses, process orders quickly, and manage their inventory more efficiently, they are usually less expensive than a full-fledged ERP system.

They also facilitate essential ERP features such as CRM, accounting and finance, etc. Consequently, retailers should consider investing in an ERP specifically designed for inventory management. Priority Retail is a powerful ERP system for retailers that features some of the most advanced inventory management capabilities.

Standard inventory management software

Inventory/warehouse management ERP

A dedicated software that allows you to create pick lists, gain insight into valuable reports, and ensure up-to-date stock.

In addition to standard inventory management software capabilities, inventory ERP systems provide various retail-oriented features such as payment processing, warehouse management, multichannel shopping, order fulfillment, etc.

A standalone inventory management system ensures that products are picked up quickly from the warehouse and delivered to the shipping logistics in time.

Facilitates all the features of a traditional ERP system with a specific focus on managing your inventory and stock. As a result, this tool is significant for manufacturers, retailers, and suppliers.

Helps streamline forecast demand and restocking calculations to facilitate replenishment well in advance. It helps avoid overstocking and understocking. Overstocking results in the expiration of products and wastage. Understocking results in failed order fulfilments, delayed shipping, and reduced customer satisfaction scores.

Share the same features as the Standard Inventory Management Software, in addition to integrating the data with online and in-store orders, to bring a multichannel shopping experience to your customers.

Does not support additional business management functionality other than inventory management.

Automates your supply chain management, delivery methods, inventory management, manufacturing, sourcing, finance and accounting, and shipping. It even helps manage your staff with HRM features. As most inventory management ERP systems are mobile-enabled, your team can manage stock and fulfill orders regardless of where they are.

If your business only deals with receiving and pick-up, or if you are just a warehouse-centered organization, then you may use a simple inventory management system

If your organization is retail-oriented, and inventory management is one of the many critical processes, then you need an inventory management ERP system.

  You can integrate your inventory management system with a third-party software or an ERP if you require additional features.

There is no need for integration. Tools like Priority Retail help you manage your retail business and bring a multi-channel shopping experience to your customers effortlessly.

A standard inventory management system and a traditional ERP management system lie at the two ends of the spectrum. The former has very few ERP features but functions quite well as a supply chain management tool. A traditional ERP, on the other hand, is a full-fledged business management software that helps automate and manage multiple business processes. However, it contains modules that you may never use.

The solution is somewhere in the middle. An ERP for inventory management, such as Priority ERP combines the best of both worlds. It is often delivered as a cloud-based service, and you can add and remove features depending on your requirements. You can subscribe to additional features when you want and turn off those that you don't need.

Contact us today to learn more about Priority Retail and our other inventory management solutions.

In this article we've covered

ERP
Business Management

The Author

Yariv Chaba

VP of Business Development & International Sales for the Priority Retail LOB

Yariv joined Priority in 2021 as the VP of Business Development & International Sales for the Priority Retail Line of Business and was promoted to Head of Global Partnerships in 2025. With over two decades in the retail applications sector and experience in consulting for leading retailers, he now leads the digital retail initiatives and business development, focusing on penetrating to new markets.

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