Company News • 15.06.2015
M.Fredric transforms retail POS and inventory management
Accessing comprehensive real-time sales data anytime, anywhere
California-based clothing retailer M.Fredric is enhancing its retail point-of-sale (POS) and inventory management systems with NCR Counterpoint.
The solution provides M.Fredric with a single retail management software platform to closely track purchases and inventory levels in real-time across its nine brick-and-mortar locations and e-commerce store. By providing real-time sales data, NCR Counterpoint will enable M.Fredric to benefit from increased visibility for stock purchasing decisions.
To keep pace with rapidly changing fashion trends and consumer demand, M.Fredric turned to NCR to help streamline the buying process with its multiple vendor relationships and enable it to make purchasing decisions in-store or on the go, from fashion showrooms around the world. The flexible POS and inventory management system enables M.Fredric to reduce redundancy and dramatically improve inventory tracking of detailed item information such as size, color and material. Empowered with real-time data insights, M.Fredric will be able to better control costs through tighter re-order points, increase visibility on mark-up ratios, and improve inventory decision making across multiple locations – directly from the point of sale or a mobile app.
“Fashion only has a two to three month shelf life. You can’t afford to waste time not knowing how well a product is doing. When I’m on the road meeting with vendors or visiting showrooms, I can use NCR’s mobile app to easily access sales performance and inventory data across all of our locations, allowing me to make on the spot decisions that directly impact our bottom line,” said Fred Levine, co-founder and buyer, M.Fredric. “Within a few minutes, I can identify our hot sellers and order extra inventory before the item sells out, or even make a decision to swap out a slow selling item, ensuring customers who visit our stores can always find what they’re looking for.”
Built for retailers of all sizes, whether they have just one or hundreds of locations, NCR Counterpoint integrates all inventory data to make information available whenever retailers need it. It offers comprehensive, customized on-demand inventory management, web-based real-time reporting, touchscreen point-of-sale, built-in customer loyalty, automated purchasing, and configurable reporting capabilities with multiple levels of security. The unified system also offers the option of adding custom solutions that allow retailers the flexibility to configure implementation to their specific business requirements, providing access to instant data feedback at any level, on any web device.
“NCR Counterpoint is a vital portal to real-time information for retailers that takes the guess work out of running a business. Its integrated sales tools help retailers optimize everything from forecasting and purchasing to inventory control,” said Scot DeLancey, Sr. Director, Global Channel Solution Management, NCR Retail Solutions. “For M.Fredric, that means having more valuable inventory and sales information at their fingertips so they can better understand customer demand for the latest fashions and make sure its shelves are always stocked with best-selling items.”
Source: NCR
