| I had been putting off changing from my trusty old | | | | Better manage your inventory. Using detailed product |
| cash register to a computerized point of sale system, | | | | reports, the flow of inventory can be managed much |
| as I was intimidated and daunted by the task. I kept | | | | more carefully by monitoring increased sales. Historical |
| telling myself, changing to a new system would not | | | | product data helps in the prediction of future inventory |
| really benefit my business that much, and in any event, | | | | needs. Orders should be based on what you know |
| I don't have the time. | | | | you sell, not on what you think you sell. |
| A friend of mine, who had gone through the process a | | | | Watch your margins. Examination of your product |
| year earlier, was kind enough to sit down with me and | | | | reports may indicate you have sold 9000 products that |
| share how he had handled the changeover process, | | | | cost 48 cents, for 50 cents each. Or, that you have |
| and some of the tremendous benefits this had | | | | sold 200 products that cost $1.90, for $9.95 each. |
| provided for his business. Now, two years later, I would | | | | Correct use of your reports will help you stock more |
| like to pass on, how your business could also become | | | | of what delivers greater profits, and fewer of what |
| more efficient and profitable, by switching to a modern | | | | produces lesser profits. |
| computerized point of sale system. | | | | Keep your customers happy. Computerized POS |
| Here are some of the great benefits I have come to | | | | systems, with touch screens, fast barcode scanners, |
| appreciate after installing a computerized point of sale | | | | fast thermal printers and many other tools, make the |
| system in my business. | | | | checkout process efficient and much quicker. This |
| Isn't a point of sale system just like a cash register? A | | | | results in happier customers. |
| POS software system does more than just replace | | | | Pricing accuracy. Completely eliminate the guesswork |
| your cash register. Showing your cash flow for the | | | | associated with manual pricing of your products. Using |
| day is principally all a cash register does. It is unable to | | | | a computerized point of sale system ensures every |
| provide any information about profit margins; products | | | | product in your store has an associated and accurate |
| sold or best/worst selling lines. On the other hand, a | | | | price. Your sales staff will have no need to guess |
| computerized POS system, can on demand instantly | | | | prices anymore. |
| report on how much money is left in your cash | | | | Build a customer database. Possibly, the most |
| drawer, and how much of that money is in fact profit. | | | | important and beneficial aspect of switching to a |
| Product specific reports can also show how many | | | | computerized point of sale system, is the ability to build |
| were sold today, how many are left on the shelf and | | | | a customer list and track your customers purchasing |
| when that product needs to be re-ordered. | | | | habits. Analyzing your best, worst, high profit, low profit, |
| Helps prevent theft by just being there. Studies have | | | | high frequency and infrequent customers becomes as |
| shown computerized point of sale systems typically, | | | | easy as reading a report. Predicting when customers |
| reduce theft by around 2.5%. That means an average | | | | are about to stop patronizing you store means you |
| small business with a turnover of $750,000 per year, | | | | are able to directly target market these customers |
| could be losing approximately $18,750. This amount | | | | with special offers or gift vouchers, in an attempt to |
| could be reduced or eliminated completely by simply | | | | win them back. You can use your POS system to |
| installing a point of sale system. Inventory is watched | | | | market to a group of customers in a particular region |
| much more carefully, because your employees know | | | | or just to get to know your most loyal customers on a |
| that stock is being monitored. All involved are more | | | | first name basis. |
| alert. | | | | A computerized point of sale system has been one of |
| Reduce inventory shrinkage. A computerized POS | | | | the best investments I have made for my business. |
| system monitors obsolete and broken inventory more | | | | My business has become more efficient, more |
| carefully and in greater detail. Shelf inventory stock on | | | | profitable and a better place for my customers. |
| hand counts are easily and accurately compared with | | | | Any doubt I may have had 2 years ago has been |
| computerized stock on hand counts, further reducing | | | | replaced with absolute amazement for what a |
| losses by an additional 2.5%. | | | | computerized POS system has done for my business. |