Why You Should Invest in a POS System
September 19th, 2017
As traditional cash registers become increasingly obsolete, modern point-of-sale (POS) systems have boomed in popularity. A POS system has aided many retail businesses. Not only do they increase efficiency, but they give real-time information regarding the business. Through these systems, business tasks are simplified as the need for efficiency and secure payments increase.
So how can a POS system benefit your business exactly? At Sixteen Limited, we’ve come up with a few reasons as to why you should invest in a point-of-sale system.
It improves quality and satisfaction
A major issue in the retail industry is having customers impatiently waiting to check out in a long queue. This is common when a customer might ask to split the bill which requires your staff to manually punch the details into the system. A point-of-sale system allows you to split a bill in just the click of a button. This system can also allow you to send receipts via email and eventually, manage them all. This reduces the time your staff might spend compiling and archiving any receipts.
A point-of-sale system allows you to collect customer data and track any previous purchases. This allows business owners to know who their top customers are and what products are bought regularly. Through this system, business owners can create a customer loyalty scheme and use the information to target their customers with their favourite products. By using a POS system, you can understand your customers better, increasing customer satisfaction and boost sales significantly.
A tablet-based POS system allows for employee flexibility as they can move around and carry the device with them. This stops them from having to go back and forth between serving customers and managing to bill. In turn, this increases efficiency and satisfaction of both staff and customers.
It simplifies inventory management
The most time-consuming and labour-intensive task is said to be inventory management. With a POS system, you can have an up-to-date store inventory updates. The point-of-sale system keeps a record every time you sell a product and automatically deducts it from your inventory list maintained on your system’s hard drive. This allows businesses to reduce the time spent monitoring stock and allows them to hire less stock personnel.
A point-of-sale system helps businesses track their sales data, allowing them to make smarter decisions about the products they purchase. This will give an indication of trends in product demand which in turn, allows businesses to place orders depending on the demand and supply to ensure sufficient stock.
It allows you to generate reports
A key feature in point-of-sale systems is the reporting feature. The POS system allows businesses to produce daily, weekly, monthly or yearly reports on sales insights. These reports will help businesses analyse top selling products, best days for business and which promotions are most effective.
So regardless of the type of business you are running, a point-of-sale system is guaranteed to simplify your daily processes. If you still haven’t used a POS system, it’s time to change that. Contact us today at Sixteen Limited to find out how your business can benefit from a POS system.