Whether you prefer a more structured work environment or thrive in a more spontaneous environment, there’s one undeniable truth for retailers: inefficient stock management leads to unhappy customers, ultimately ending in reduced loyalty and sales. Whether you love it or hate it, effective stock management is not a mere luxury; it’s a fundamental requirement that impacts every facet of your business.
Why is effective stock management so crucial?
A proficient stock management system offers numerous advantages for retailers. In today’s world of increasingly diverse customer journeys, shoppers rightly expect seamless retail experiences, regardless of the channel they choose. Without a high-quality stock management solution, retailers are less likely to meet this high service standard, leading to unfulfilled orders, potential stock shortages in stores, inaccurate stock levels on websites, and disgruntled customers.
A reliable stock management solution should resolve these issues by ensuring the accuracy of stock information at all times. It should provide retailers with a real-time view of their stock, not limited to the beginning or end of each trading day. Additionally, effective stock management should track the journey of every time in stock, logging all actions and making them easily searchable to understand the factors affecting the current stock situation. Stock should be categorised into various states to ensure accuracy in all circumstances.
Fortunately for our clients, Archean does all this and more.
Archean – the stock management solution from Retail247
Archean stands as Retail247’s stock transaction management platform. Built from the ground up as a scalable and adaptable cloud engine, Archean can handle substantial volumed of stock-affecting actions. It can effortlessly manage transaction demands, even for the largest retailers, benchmarked at a minimum of 1000 transactions per second.
Archean comprises multiple modules, allowing clients to choose as many as they require.
At the core of the Archean platform is Archean Core, specifically designed to process large quantities of stock data and swiftly execute stock-affecting transactions.
Archean Move is our solution for stock movement transactions, serving as the central hub for managing stock activities at stores.
Archean RFID is our answer to store-based RFID counting, featuring handheld counting, ticket printing, encoding, and guided discrepancy investigations as key components.
Future modules include Archean Demand which enhances replenishment decisions within Archean, Archean Count, offering a solution for traditional barcode-based stock takes, and Archean Orchestrate, delivering full Order Management capabilities.
To explore our stock management solution further, you can download our information booklet or schedule a one-one-one call with us by emailing archean@retail247.com.
