Retail Management System Inventory control

Retail Inventory Management

Retail inventory done right

Overcome the complexities of a dynamic market, diverse sales channels, and evolving customer expectations with retail-specific omnichannel order management.

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Ongoing inventory management

Planning

Control

Visibility

Forecast demand, optimize purchasing, and ensure the right stock is available at the right time and location.

Allow multi-location inventory planning
Optimize forecasting with seasonality
Simplify planning with Open-to-Buy capabilities
Make data-driven decisions

Track stock levels across locations and maintain accurate inventory data and smooth operations across sales channels.

Manage a single source of truth
Prevent stockouts and ensure every customer demand is met
Reduce inventory overstock and obsolete inventory costs
Optimize multi-location inventory and save inventory allocation costs due to unplanned replenishment.

Access inventory status across all sales channels and locations in real time.

Get real time visibility for planning operations and sales
Create a consistent omnichannel experience
Facilitate Buy Online Pickup In Store (BOPIS)

The keys to efficient inventory management

Central management

Single source of truth

Multi-location inventory management

Real-time inventory visibility

Demand forecasting

Autometed replenishment

Manage planning, control, and visibility with a single unified view to ensure streamlined decision-making, improve coordination between departments, and optimize inventory allocation across the retail chain.

Adapt to changing consumer behaviors, and enhance overall profitability by enabling businesses to respond swiftly and strategically to consumers’ demands.

Eliminate integration challenges, data inconsistencies and repeated manual work to align inventory information.

Ensure that all sales channels and decision-makers are using a single verified and accurate set of information.

Seamlessly manage inventory across multiple warehouses and store locations while enabling efficient order fulfillment with a unified view of stock levels across the retail chain.

Ensure COGS is optimized and balances inventory demand and inventory transfer costs.

Track inventory across all locations and channels in real time to make data-driven decisions and prevent stock-outs.

Allow customers and store assistants to search and verify inventory availability across the different locations and warehouse to satisfy customers’ demands and ensure accurate order fulfilment.

Leverage intelligent algorithms and historical data to predict future demand across multiple locations with different demand patterns, enabling proactive inventory planning and minimizing over or understocking.

Automate the replenishment process based on pre-set rules and optimize demand forecasting across different sites with different demand patterns.

Ensure optimal stock levels, eliminate overstock or understocking and reduce operational costs.

With Priority Retail you will enjoy:

Complete real-time stock visibility across all stores and warehouses

Stock quantities management across multiple locations

Set and execute replenishment strategies on an individual store level

Item search across the chain store/warehouse

Sell online and pick up in store

Intake inventory directly from suppliers and transfer between locations

Automatic and manual purchase orders generation from within the system

Transfer stock between locations, view stock in transit, and create multi-destination transfers

icon purple view historical card activity

Return online purchases in store

See what Priority can do!

Schedule a no-obligation call with one of our experts to get expert advice on how Priority can help streamline your operations.

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Mobile Back Office application add-on

Handle store inventory operations at the palm of your hand

Streamline store operations and save time with Priority mobile-back-office application. Handle inventory on the store floor and in the stockroom.

Stock intake
Stock-taking
Item lookup
Stock transfer

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WMS module add-on

Enhance inventory management with high-scale WMS

Optimizes inventory service levels, and boosts warehouse efficiency with a robust solution. Manage and control storage and movement of your inventory across your retail chain. With WMS, you gain full control of your entire operational process, from the time goods enter your warehouse, until they are distributed to the retail stores or handled for order fulfilment, including the put, pick and replenishment processes.

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