More retailers are shocked every year from the sudden realization of stock unavailability than from shrinking profits. It is interesting to note here that this onset of realization is less to do with their business acumen. It is because most retailers undermine the important role the technology plays in assisting their day-to-day decision making. An efficient Point of Sale Software can save them from these last minute shocks.
But the benefits of deploying a POS solution are many. Here are a few.
- A well-configured POS solution connects a business end to end. While its impact on streamlining the business process is well known, the greatest advantage it offers a retailer is that of the freedom it accords to the shop floor personnel. POS can relieve them from their fire fighting job to serving customers better.
- Nothing is more confusing for a retailer than a pricing strategy. A retailer has to have a price consistency for certain products, while maintain a differentiated pricing plan for others. Now add more stores scattered across different locations into this picture. Imagine the complexity. A POS solution on the other hand can perform it with such ease and accuracy that the business user literally forgets the operation.
- A POS solution can make retail automation a truly realizable possibility. Nowhere is the effect felt more than when the retailer is away or is on leave. Think of all those painstaking hours the retailer needs to spend in the preceding week’s daily reports – in trying to locate the gap that had arisen between the system stock and actual one.
- Every module in a POS solution has to sit integrated with other modules, in order to intelligently sift through massive volumes of data and provide a single version of truth for the retailer to make critical business decisions. Thus, the presence of proper POS solution, working seamlessly in a company, only denotes the extent of data connectivity and the convergence of overall business processes.
GoFrugal’s retail POS systemÂ offers retailers to integrate their business and automate its processes.