Retail back-office software is used to manage business operations that are not related to direct sales efforts and interfaces that are not seen by consumers.
Though turnover ratios depend on demand-side factors such as how desirable a product is, they can be increased through efficient back-office management.
[5] Back-office software can also be used to account for the effects of demand substitution and subsequently determine the optimal inventory level for each item stocked.
[3] But with the growth of the SaaS market, Quickbooks along with other emerging online accounting options such as Omega POS or Outright and Mint.com are now being adopted.
All of the steps in supply chain management (SCM), including procurement, conversion, transportation, distribution, and partner coordination/collaboration can be controlled via back-office software.
[8] Though back-office software reduces the likelihood of inventory record inaccuracies, they can still occur if items are not properly tracked as they enter/exit the retail space.