Retail IT Industry

What is the Retail Industry?

The retail industry is a sector of the economy that is comprised of individuals and companies engaged in the selling of finished products to end user consumers. Multi-store retail chains in the U.S. are both publicly traded on the stock exchange and privately owned. An estimated two-thirds of the U.S. gross domestic product (GDP) comes from retail consumption. Therefore, store closings and openings are an indicator of how well the U.S. economy is recovering from recession in 2010.

Size of the US Retail Industry

According to the latest annual report from the U.S. Census Bureau (calendar year 2009), the total amount of sales for the U.S. Retail Industry (including food service and automotive) was $4.13 trillion. This is the second consecutive annual decline for the retail industry, both a result of and a contributor to the U.S. economic recession overall.

InSys's IT professionals are trained and have solid experience with Point Of Sale software, merchant POS and Retail Inventory Management systems to grow their business and integrate essential front and back office systems.

Retail POS (point of sale) Software

With POS software, one can maintain complete control over sales and inventory while providing customers and staff an easy and fast retail pos software checkout solution, which provide a robust link between the point of sale terminal and Back Office Systems (BOS), accounting, inventory and provide real-time data for management analysis.

  • Industry specific Point of Sale Software, one can customize for their business needs.
  • POS software supports technology for faster checkout and inventory control.
  • Integrating Point of Sale with back office systems - stock control, inventory performance, accounts receivable, customer relationship management, tax reporting and more!
  • Streamlining sales, merchandising, marketing and inventory control functions.
  • Enhanced gift registries and rewards programs.

Retail Inventory Management System

The business' retail software must connect to its inventory management system. Properly designed and deployed, a retail inventory management system will let you know what you have, what you need, and when you need it. The goal is to run your business more efficiently while increasing sales and reducing administrative time operating costs.

  • Track which items are selling and which aren't.
  • Prioritize fast selling, high-demand items and quickly adjust placement, pricing and promotion.
  • Make better business decisions in real-time.
  • Spend less time manually counting inventory, more time selling inventory.
  • Customer profiling and prospecting, staff evaluations, report generating and more.
  • Mass email system gives you tools to stay in touch with customers and suppliers.

The intelligent stock replenishment and auto-purchase order system ensures stock is always available when needed. User-definable screens allow you to customize your system so you can collect and analyze information thatís important to your business.

InSys consultants have got solid experience over major technologies used in the Retail industry, such as:

  • Point of Sale (POS) applications
  • Tandem Servers (Base 24)
  • Credit Card Processing
  • Settlement / Batch Systems
  • Inventory Systems
  • Order Management Systems

About InSys Technologies

InSys Technologies Inc. helps businesses and institutions meet the complex challenges of the technology revolution. We provide a global source of services across the entire Information Technology (IT) spectrum.

Our founding team have more than 35 years of collective experience in providing IT staffing services, Quality Software Solutions, Professional Services, BPO and RPO services to various customers who range from small to big businesses.

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