If you’re running a store, selling more items a day than you can keep a handle on, and you’re not using a point of sale system, then I beg the question, why?
You may think you don’t need it and are managing fine without it, but you could be even better with a great POS system in place. You might be surprised just how much it can help your bottom line. Today, we’ll take a look at the first 3 good reasons to consider implementing point of sale software.
Eliminate Human Error
If you are manually adding up orders or calculating stock takes, you are leaving yourself open to human error. Sure, an error here or there isn’t going to break the bank but as little as 1% margin of error could lose you thousands over a year. Whereas, whilst a POS system might cost you a bit each month, it will help your bottom line figures and you’ll more than likely see a return within months.
Reduce Your Losses
It’s sad to say, but quite often a business’s losses are due to theft from their own employees. Since these people know how the company’s processes work, they are able to exploit the flaws to cover up their theft. A POS system can track and evaluate every step in a product’s lifecycle from purchase from a supplier to the sale to a customer. You can use this data to understand a) where your losses are occurring, and b) where the flaws in your processes actually are, and act accordingly. Plugging these holes will help you to tackle loss from external shoplifters as well, so your saving could be twofold.
If your stocktake always balances with what you’ve sold, then you can move onto the next point. If you have discrepancies however, you may want to read on! Any POS system worth its salt will automatically enter sale information straight into your inventory so you no longer need to double-check for inconsistencies between the sales you made and what you have in stock. If you can integrate with your accounting software as well, then you will gain back even more time. This gives you and your staff more time to be able to concentrate on generating extra revenue by tending to customers.
We’ll look at the next 3 reasons in our next post. In the meantime, if you are already thinking about a POS system, browse our website and give us a call to discuss solutions to make your life easier.