MIDAS is the complete retail management solution for small to medium size retailers who operate multi-store, multi-till, multi-channel estates. It is ideal for the fashion and footwear sectors, along with tourist destinations, department stores, charity shops and those who require concession management.
MIDAS encompasses the business cycle from product sourcing to EPoS, with enhanced in-store and eCommerce functionality, allowing you to manage your business from a single application. MIDAS is capable of managing complex warehouses and distribution centres alongside standard retail operations, making it the ideal toolset for both merchandisers and buyers.
Key features for the merchandiser:
- Open to Buy: Including budgets and forecasts
- Stock Management: To maximise sales and margins, minimise sell-outs and prevent overstocking by ensuring effective stock levels are maintained throughout the branches and warehouses
- Accurate Stock Data: Allows advanced enquiry, filtering and reporting of the business information at any level and via any attribute
- Detailed In-store Information: To provide in-depth analysis, by individual till or store activity, including discount monitoring, basket analysis, by sales assistant and space performance
- Store Grading: For ease of stock deployment and support for various styles of packs for initial seasonal stocking and replenishment
- Smoothing Options: Allows retailers to plan for any specific peaks or troughs in demand
- Replenishment: Providing suggested changes to auto replenishment parameters given current store performance, minimum/maximum stock levels, seasonal boost and based on previous season sales
Key features for the buyers:
- Comprehensive Purchase Ordering: Functionality to improve buying efficiency, visibility and control
- Flexible Methods of Ordering: With options to pre-allocate stock and book deliveries into the warehouse
- Automated Ordering: Functionality includes options to monitor sales patterns, stock availability, replenishment profiles and product lead times, together with minimum/maximum levels to keep stock at its most efficient
- Procurement Process: To ensure optimum stock levels to achieve retail targets
- Multiple Methods: Of receipting goods into the business to support multiple stock fulfilment techniques
- Interbranch and Stock Transfer: Functionality with multiple methods of optimising and consolidating stock around the business
