Whether you thrive on being organised and systematic or prefer to work more spontaneously, one thing is clear for retailers: ineffective stock management leads to frustrated customers, resulting in decreased loyalty and sales. Love it or loathe it, effective stock management isn’t just a nice thing to have. It’s a necessity, effecting all areas of your business.
Why is effective stock management important?
An effective stock management platform brings many benefits to retailers. Due to increasingly inventive customer journeys, shoppers are now rightfully expecting their retail experiences to be as smooth as possible regardless of channel. Without an effective stock management platform, retailers are less likely to be able to deliver such a high standard of service, leaving orders unfulfilled, stores potentially missing stock, websites stating incorrect stock levels, and customers unhappy.
Stock management platforms should overcome these issues by ensuring stock information is always correct, no matter what. Solutions should give retailers a real-time view of stock, not just accurate at the beginning or end of each trading day. Effective stock management should also show the journey of any piece of stock. All stock affecting actions should be logged and easily searchable to trace actions that led to the current stock position. Stock should be broken down into any number of stock states, ensuring accuracy at all times.
Luckily for our clients, Archean does all of this and more.
Archean – Retail247’s effective stock management platform
Archean is the stock transaction management platform from Retail247. Designed from scratch as a scalable and configurable cloud engine, Archean can consume vast amounts of stock affecting actions. Benchmarked to at least 1000 transactions per second means that Archean can cope with transaction demands of even the largest retailers.
Archean consists of several modules, enabling clients to deploy as many as they choose.
At the heart of the Archean platform is Archean Core, designed to deal with high volumes of stock data and rapidly consume stock affecting transactions.
Archean Move is our solution for stock movement transaction, designed to be the store’s single portal for stock activity.
Archean RFID is our solution for store-based RFID counting. Handheld counting, ticket printing & encoding and guided discrepancy investigation are key features of Archean RFID.
Future modules include Archean Demand which brings replenishment determination to Archean, Archean Count which delivers a solution for traditional, barcode-based stock takes, and Archean Orchestrate which delivers full Order Management capability.
To learn more about our stock management platform, download our info-booklet or book a 1-1 call.