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Why use POS Software? Switching from a
traditional, hardware cash register to computerized
point of sale system can be intimidating. But there are
some tremendous benefits for your business. Read on, and
learn how you can be more profitable:
More
than a cash register.
A POS software system
doesn't just replace your cash register. All a cash
register does is show your cash flow for the day. It
can't provide any insight into profit, inventory or best
selling products. A computerized cash register, on the
other hand, can instantly tell you how much money you
have left in your cash drawer, and how much of that
money is profit. It can also tell you how many of a
specific product were sold today, and how many you have
left on the shelf. It can even warn you to order more
items when stocks get low.
Prevent
theft.
By switching to a computerized point of
sale system, the average small business (a company doing
$500,000 per year in business) typically reduces theft
by 2.5% - that's $12,500! How? Your employees watch
inventory much more carefully, because they know that
stock is being monitored. Everyone is more
alert.
Less inventory shrinkage.
A
computerized system lets you watch for obsolete and
broken inventory much more carefully. And you can have a
much more accurate count with which to compare shelf
inventory. These tools typically reduce shrinkage by
another 2.5%.
Better manage
inventory.
With detailed inventory reports, you
can manage the flow of inventory much more carefully,
ordering products when you see increased sales. You also
build up historical data that can help you predict
future inventory needs. You don't need 150 snow shovels
in the summer, but you may need 500 more fans for your
store during the month of August. Don't base your orders
on what you think you sell. Base them on what you
know you sell.
Watch your
margins.
By reading your reports you may find
that you sell 10,000 batteries that cost 48 cents for 50
cents each and that you sell 100 flashlights that cost
$1.98 for $9.95 each. Your inventory reports will help
you to stock more products that give you greater profits
and fewer products that give you the least amount of
profit.
Have happier
customers.
Computerized point of sale systems,
with barcode scanners and other helpful tools, make
checkout much, much faster. That means happier
customers. Even if you don't use a barcode scanner, a
computerized system is faster, because you can enter
SKUs that are automatically linked to
pricing.
Accuracy.
With a computerized
cash register, every item in your store has an
associated price. Never again will you have to figure
out how much that flashlight sells for. Your clerks will
stop guessing prices.
Build a customer
list.
Use POS software to store the name and
address of your best customers. Then you can use the
list to target advertising, or to just get on a first
name basis with your most loyal consumers.
Any
way you look at it, a POS software-based cash register
system will make your business more efficient, more
profitable, and a better place for your customers. With
a complete starter POS
system for as little as $750, how can you afford
not to switch?
Return to the POS
library. |
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