NCR, the global leader in consumer transaction technologies, announced
today that California-based clothing retailer M.Fredric is enhancing its
retail point-of-sale (POS) and inventory management systems with NCR
Counterpoint. The solution provides M.Fredric with a single retail
management software platform to closely track purchases and inventory
levels in real-time across its nine brick-and-mortar locations and
e-commerce store. By providing real-time sales data, NCR Counterpoint
will enable M.Fredric to benefit from increased visibility for stock
purchasing decisions.
To keep pace with rapidly changing fashion trends and consumer demand,
M.Fredric turned to NCR to help streamline the buying process with its
multiple vendor relationships and enable it to make purchasing decisions
in-store or on the go, from fashion showrooms around the world. The
flexible POS and inventory management system enables M.Fredric to reduce
redundancy and dramatically improve inventory tracking of detailed item
information such as size, color and material. Empowered with real-time
data insights, M.Fredric will be able to better control costs through
tighter re-order points, increase visibility on mark-up ratios, and
improve inventory decision making across multiple locations – directly
from the point of sale or a mobile app.
“Fashion only has a two to three month shelf life. You can’t afford to
waste time not knowing how well a product is doing. When I’m on the road
meeting with vendors or visiting showrooms, I can use NCR’s mobile app
to easily access sales performance and inventory data across all of our
locations, allowing me to make on the spot decisions that directly
impact our bottom line,” said Fred Levine, co-founder and buyer,
M.Fredric. “Within a few minutes, I can identify our hot sellers and
order extra inventory before the item sells out, or even make a decision
to swap out a slow selling item, ensuring customers who visit our stores
can always find what they’re looking for.”
M.Fredric worked with NCR channel partner DataTech on the sale and
installation of the solution.
Built for retailers of all sizes, whether they have just one or hundreds
of locations, NCR Counterpoint integrates all inventory data to make
information available whenever retailers need it. It offers
comprehensive, customized on-demand inventory management, web-based
real-time reporting, touchscreen point-of-sale, built-in customer
loyalty, automated purchasing, and configurable reporting capabilities
with multiple levels of security. The unified system also offers the
option of adding custom solutions that allow retailers the flexibility
to configure implementation to their specific business requirements,
providing access to instant data feedback at any level, on any web
device.
“NCR Counterpoint is a vital portal to real-time information for
retailers that takes the guess work out of running a business. Its
integrated sales tools help retailers optimize everything from
forecasting and purchasing to inventory control,” said Scot DeLancey,
Sr. Director, Global Channel Solution Management, NCR Retail Solutions.
“For M.Fredric, that means having more valuable inventory and sales
information at their fingertips so they can better understand customer
demand for the latest fashions and make sure its shelves are always
stocked with best-selling items.”
About M.Fredric
A successful retailer of over 35 years, M.Fredric is touted as a retail
haven and must-stop-shop for the fashion forward communities of Los
Angeles. Owned and operated by Fred Levine, Lisa Levine and Mardi Fox
(husband, wife and sister), the 9 boutiques boast a wide range of chic
contemporary styles and cutting-edge brands for women, men and children.
Frequented by celebrities, wardrobe stylists and sophisticated shoppers,
M.Fredric is constantly evolving to offer clients a fun and dynamic
environment to make shopping an exciting experience.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction
technologies, turning everyday interactions with businesses into
exceptional experiences. With its software, hardware, and portfolio of
services, NCR enables more than 550 million transactions daily across
retail, financial, travel, hospitality, telecom and technology, and
small business. NCR solutions run the everyday transactions that make
your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and
does business in 180 countries. NCR is a trademark of NCR Corporation in
the United States and other countries.
Web sites: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation
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