SAP
IS Retail Solution is industry specific software. SAP IS Retail is an important module
within the SAP ERP. It is fully integrated comprehensive ERP solution for
business and retail industry. It provides all the functions necessary for modeling business processes
in a retail company. SAP Retail supports both wholesale and retail scenarios.
As a retailer, you require a real-time view of your
clients and real-time insight into your business. So you can create a
customized experience, give the correct promotion and exceed your customer's
expectations, anytime, anywhere. With SAP IS Retail Platform you can optimize
your merchandising in real time. Empower users throughout your organization
with the information they need and the moment they need it. And as business
leader benefits from the insight you need to make the right strategic decision
that impacts the growth and customer satisfaction of your retail business.
 |
| SAP IS Retail Overview |
With SAP Retail, SAP has endeavored to model the full
"Value Chain," all the links in the logistics pipeline from consumer
to vendor. Retailers can thus optimize the whole array of business processes
and control checks in managing the flow of merchandise and information among
vendors, retailers, and consumers. The business procedure area
"Retailing" includes the procurement, storage, distribution, and sale
of merchandise.
SAP Retail is a completely integrated retailing system. The
Retail Information System enables
goods movements to be planned, monitored and tracked throughout the whole
supply chain.
The key retailing
processes include:
·
Assortment
Management
·
Sales
Price Calculation
·
Promotion
Management
·
Allocation
·
Requirements
Planning and Purchasing
·
Goods
Receipt
·
Invoice
Verification and Subsequent Settlement of End-Of-Period Arrangements
·
Warehouse
Management
·
Picking
and Delivery
·
Billing
·
Store
Supply
The retailing processes enable
you to control and coordinate the whole value chain and thus respond quickly to
changes in consumer behavior.
Why SAP IS Retail?
Retail industry is fast evolving. Gaining a 360 degree view of customer
preferences and giving them an upgraded experience is the aim of all retail
chains across the globe. Digital transformation is no more a choice. SAP IS Retail Online Training will
acquaint you to the key highlights of SAP IS Retail Module and how it enables expertise improvement, advancement of
business procedures and delivers customer-centric solutions.
With online business and customers building, this course explains how
web-enabled applications in a completely integrated system create value for the
retailers. SAP IS Retail Course has
been designed in a manner that helps you acquire the right skills and expand
your knowledge base with SAP IS Retail in a quick and easy manner so that you
are prepared for practical applicability in your business area, within no time.
SAP IS
Retail Components
SAP IS Retail components can divided into 5 categories.
·
Organizational
Structure
·
Master
Data
·
Core
Business Processes
·
Data
Distribution
·
Information
Systems
Organizational Structure
This is basically the enterprise structure and we use
almost all the Organization Units that are available in the SAP system, like
·
Company
Code
·
Controlling
Area
·
Plant
(Site)
·
Storage
Location
·
Purchasing
Organization
·
Purchasing
Group
·
Sales
Organization
·
Distribution
Channel
·
Division
·
Shipping
Point for Distribution Center
Master Data
SAP IS Retail has an exceptionally expand Master Data
which forms the basis of exchange processing.
·
Site
Master
·
Article
Master
·
European
Article Management and is a part of Article Master
·
Merchandise
Category Master
·
Merchandise
hierarchy
·
Vendor
Master data
·
Customer
Master data
Core Business Processes
In retailing industry, strategy plan for merchandise
requirements based on demand, market trends at regular intervals for their
distribution centers. This leads to submitting a purchase order with the
vendor.
In the retail business, usually, the relationship between
vendors is established over a period of time. But it may be necessary at the
time for procurement of high-value articles or bulk quantity to request for
quotations and evaluate the quotes. SAP also has the process for the request
for quotations that can be applied during the procurement process.
In SAP IS Retail, shipping notifications are utilized by
vendors to inform the delivery of articles and will have details regarding the
delivery date, time and amount. An inbound delivery is registered for the
transportation notification either manually.
Information System
Information System is a reporting system which helps to
collect, analyze and total information that is significant to retailing areas
like purchasing, sales, inventory, a point of sales. SAP recommends retailers
utilizing SAP to utilize SAP BI (Business Intelligence) system to analyze data.
SAP IS Retail Features
 |
| Features of SAP IS Retail |
1.
Customer-Centric Marketing and
Merchandising
·
Social,
Marketing and Merchandising Insight
·
Omnichannel
Marketing
·
Optimized
Merchandise and Assortment Planning
·
Lifecycle
Pricing
·
Promotions
2.
Sourcing, Buying, and Private Lable
·
Sourcing,
Vendor Management, and Insight
·
Buying
·
Private
Lable
·
Collaborative
Retail
3.
Supply Chain
·
Supply
Chain Insight
·
Demand
and Replenishment Planning
·
Omnichannel
Inventory and Order Response
·
Optimized
Logistics and Fulfillment
SAP IS
Retail Training at SAPVITS
SAPVITS is an
award-winning SAP Education Partner around the globe. It has an experience in SAP Online Training & SAP
Consulting for more than 9 years. Our
services include online training, corporate training, offshore support, and
24/7 SAP server access facility. We also provide training material, training
videos to the course attendees.
SAP IS Retail Training helps to control and coordinate the
whole value chain. It also maps the complete set of business processes required
for aggressive combination techniques. Learn Online SAP IS Retail Training Course with Study Material, Free Demo and Live Video Recording. While this
course he/she will learn about the important function for planning, purchasing
and merchandise distribution from the industry perspective and the associated
customizing decisions. The individual will be able to understand, maintain and
configure master data specific to SAP for Retail.
For more update like and subscribe our
YouTube Channel: Vintage IT Solutions
Contact
Us:-
Vintage
IT Solutions
Website:
http://www.sapvits.com/
Email
ID:info@sapvits.com
IND: +91 880 532
2100
USA: +1 912 342 2100
UK: +44 141 416
8898
