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.
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.
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