You may have been using a basic cash register system for a lot of years and think it works just fine, but as a small business owner, switching over to a point-of-sale system (POS) could be one of the most intelligent decisions you ever make. A POS system allows data and information to automatically be stored with every transaction, so there is no gathering data from your registers at the end of the day. However, the benefits that are provided by a good POS system are far greater than just this. Here is a closer look at the additional advantages you could see with a POS system as the owner of a small retail sales store.
Keep better tabs on store inventory.
With a POS system, your inventory is tracked with every purchase. Once an item is scanned it is deducted from your in-store inventory count. Incoming merchandise delivered to your store is added to the POS inventory count as it is scanned during delivery. This leaves little room for error when it comes to inventory control and you will have a better idea not only how much merchandise you have on hand to stay fully stocked, but also how much merchandise is being lost when you do your monthly store inventory counts manually.
Ensure correct pricing on your merchandise.
A POS system gives you the power to adjust the pricing storewide on specific items. Therefore, it is less likely that an incorrect price will be keyed at the register because when the item is scanned, the input pricing automatically comes up. This is is especially useful with grocery stores, as the prices of food merchandise may change many times over the course of a year and discounts are always going to be a part of your pricing policy as products get close to expiration dates.
Monitor employee production throughout the day.
Most POS systems are designed to allow cashiers to sign into the register sing a personal access code. Because of this, you will be able to easily get feedback from their shift at the end of the day. You will get to check out how many hours they were active, when they went on breaks, and even how many items they scanned or how many total sales they had for the day. Keeping record of all of this information can help with employee evaluations and improve production levels overall.
For more information about this electronic system, contact companies like Schmaus Cash Register Company.