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The Benefits of Using MYOB RetailManager in Inventory Management

by: johnarthur on Date: Sun, 15 Aug 2010 Time: 10:40 PM

Inventory management in small and medium size businesses, like grocery stores, pharmacies and convenience stores, is very challenging. Business owners will find it difficult to handle all aspects of inventory management by themselves. Delegating tasks to people is necessary but getting the right personnel to handle crucial business operations is costly and risky. There is a growing need to computerise and automate all aspects of inventory management and using customised software like MYOB RetailManager can make inventory management efficient and reliable.


The MYOB RetailManager is a part of MYOB’s custom solutions suite. Businesses have implemented this software to address the issues affecting inventory management such as asset management, inventory forecasting, valuation and price forecasting, quality management and supply-demand assessment.


This advanced retail management and point of sale system is designed specifically for companies who want to keep track of their performance and manage all aspects of their inventory. The benefits of implementing automated systems can make businesses increase productivity and efficiency.


Automation of Tasks

MYOB RetailManager allows the automation of key inventory management tasks from supply chain management to the delivery of products. Sales processing is fast and efficient since tasks are automated.


Customised MYOB Add On Solutions

Inventory management is much easier with the inclusion of MYOB add on solutions such as software installation, comprehensive on-site training, integration of MYOB RetailManager to other applications, and technical support.


MYOB Certified Consultant

Hiring a certified IT professional with high level of knowledge, skill and experience with MYOB RetailManager is a very important. A MYOB certified consultant trains key business personnel that will handle the company’s inventory management system. They can also help customise the company’s retail management system according to its requirements and needs.


IT Integration

Integration of information technology features makes inventory management more efficient. These features include database systems and electronic funds transfer at point of sale.


Reliable Customer Marketing Functions

MYOB RetailManager allows you to target customers with special offers, promotions and newsletters. In this way, the software allows you to build relationships and encourage customers to buy your products.


Point of Sales Hardware Compatibility

Using the point of sales hardware and peripherals is easy because the MYOB retail manager system is compatible with most barcode scanners, laser and docket printers, electronic cash drawer, customer pole displays and scales.


Detailed Reporting and Tracking

MYOB RetailManager provides customised reporting and detailed tracking functions that allow you to assess, examine and evaluate stocks, sales, profit, GST, suppliers, customers and staff.


Quick Sales Processing

Processing sales takes less time as it allows you to handle types of sales and payment options. It handles discounts, gift vouchers, quotes, special orders, and record sales using multiple tender types.

Small and medium businesses are looking for efficient systems that provide them business management capabilities such as inventory management, resource allocation and sales processing. However, there is a need to hire a MYOB certified consultant that provides the best MYOB training Sydney has to offer.

One prominent MYOB Sydney provider that services business quickly and professionally is Computer Technology Matters. They offer premium services such as free initial consultation, software installation and continued training and technical support from its qualified personnel.

About the Author

Computer Technology Matters helps small and medium businesses in Australia achieve optimum sales, inventory and resources management capabilities by providing MYOB RetailManager and customised MYOB Accounting software and solutions.

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