| Point of Sale software is often considered and | | | | sell tools in smart software you should be able to |
| assessed only for what it can do for a retail business | | | | increase average basket size. |
| at the sales counter. | | | | Supplier assessment. By comparing suppliers you are |
| Good POS software will serve the retail business | | | | easily able to determine the more valuable supplier in |
| more beyond the sales counter. Indeed, smart | | | | each category for your business. This is often the |
| software companies see the sales counter as the | | | | supplier you least expect. |
| place for transacting business and gathering vital | | | | Employee assessment. By tracking sales by |
| business data. It is good business data which feeds | | | | employees you can reward those who surpass sales |
| smart and financially rewarding business decisions. | | | | and other goals you may have set. |
| Here are some of the areas away from the sales | | | | Lease negotiation. Your business performance data, |
| counter where good Point of sale software can serve | | | | using key retail rations such as return on investment, |
| a retail business well: | | | | stock turn and return on floor space could help you in |
| Inventory management. By ordering what is selling | | | | negotiating better lease terms. |
| and not what you think is selling can help reduce the | | | | Theft control. Knowing the products which |
| cost of slow moving stock. It can also stop supplier | | | | customers are stealing from the business can help you |
| representatives, who are likely to be on a commission, | | | | make decisions about the location of those products. |
| from ordering what they need for their personal needs. | | | | It can also help you make in-store security decisions. |
| Inventory management part 2. By placing and | | | | Good Point of Sale software will also allow you to |
| receiving orders electronically you can expect to | | | | exert more control over cash and thereby reduce the |
| reduce the time spent on managing stock levels and | | | | cost of employee theft to the business. |
| through this making better quality business decisions. | | | | Rewarding loyal customers. Using a loyalty program |
| Employee rostering. Knowing your busy and slow | | | | which should be in your software you can reward |
| times can help you fine tune your roster to save the | | | | loyalty and through this encourage greater loyalty. |
| business money. You can roster your bets | | | | Connect with the community. You could hand out |
| employees at the busiest times. You can schedule | | | | loyalty cards to all members of a community group |
| business change work during what you know to be | | | | which ensures they receive a discount and collect |
| quiet times. | | | | rewards for their community group at the same time. |
| Winning more sales from existing customers. | | | | This type of program often helps attract more |
| Through coupons on receipts and other up and cross | | | | customers to the business. |