Point of sale is crucial for the improvement of business operations.
Does it fit your needs?
There are likely to be several and wide ranging reasons why you’re considering investing in a POS product. The most successful retail businesses have superb POS software which they use in their operation in order for their whole organisation to be more efficient. Understanding fully the benefits to your business will really help you make the most of what excellent POS software has to offer. While POS platforms can differ wildly from supplier to supplier, essentially it is there to do the same thing for everyone. Knowing how your system works and what the supplier is giving you for your money will enable you to use your POS to best effect to really take your business to the next level.
You now know who, when and where
The ways in which POS has revolutionised business are tenfold. Perhaps the most high impact innovation, certainly from a management perspective, is the level of visibility and conversely accountability that utilising a modern POS software package can deliver. This will enable you to praise the high performers and deal with those not so good, a POS package which also makes you a better manager, how good is that? From this point of view you can almost view anything. Depending on your package, you can look at who sells the most, who is completing task and even which employees have the best attendance record, you now know who are passionate about working for you and will go the extra mile to make you and your business a success. Make massive productivity gains too, an employee who knows they’re being closely tracked will work harder, fact!
Know what you’ve got and where it is
Surprisingly stock control is the make or break for a lot of businesses, the one thing they should all be masters of can often be their downfall. The fantastic aspect of POS is that it will track all items in and out of your business so you maintain an accurate stock catalogue at all times, vital not only for financial accounting but customer service standards too. Knowing what you’ve got and how much of it you sell means you can buy the correct stock at the right time and ensure your stores are always looking great.
It’s as if it’s all playing out in front of your eyes
The best point of sale programs will contain “real time” facilities where you can see up to date reports and identify trends in your business. Never be reactive again, pro-actively analyse or business in real time and make great decisions which will have a positive impact on you the same day. Knowing what is happening at the time means you can be much more effective, a weekly report which you can only see on a Sunday is no good if the event happened last Tuesday, is it?