Five Ways POS Software Can Simplify Your Daily Operations
Running a small retail business can be a challenge. Performing day-to-day business operations can be a handful, to say the least, especially if you are doing it with limited staff. Fortunately, you don’t have to face these challenges empty-handed. There are tools that can help you manage your retail business more efficiently. This is where a good iPad POS system comes in handy. Think of it as MacGyver’s Swiss army knife or Batman’s utility belt. Everything you need to accomplish your daily tasks, all in one system.
Here’s a breakdown of daily business tasks that an iPad POS system is capable of doing:
- Monitor Sales and Transaction History Data
Bookkeeping is probably one of the most tedious tasks in business management. In retail, this means keeping track of sales data and reviewing previous sales to see which items are popular. You also have to check which seasonal items you need to stock up on, or assess which of your goods are hot ticket items and which ones are just sitting on the shelves collecting dust. A good point-of-sale system can provide you with the ability to keep track of all pertinent information regarding your business in an efficient and timely manner.
- Track Inventory Levels More Effectively
In any retail business, managing inventory and making sure that everything is in stock can be a headache. It is something that every employee dreads doing. It’s not only tedious, it is also time-consuming and a waste of manpower. The person assigned to count boxes in storage or itemize goods on shelves could be helping out customers and making a sale. With your POS system and a portable scanner, you can store inventory data on your device, as stocks arrive in your store, effectively eliminating manual itemization. This will save you hundreds of hours and a ton of overtime fees.
- Get Re-Order Alerts Instantly
Once you have inventory data safely stored and monitored via the POS system, you can set alerts as inventory levels start to go down. For instance, if you have popular items that are just flying off the shelves, the last thing you want is to go out of stock on that particular item. By setting up alerts, you will be notified immediately once your stock is running low, so you can simply re-order from your supplier before you actually run out of the hot ticket items.
There is also a feature in many iPad POS systems that lets you know exactly how much you’re spending every time you re-order goods. By keeping track of this information, you will have a clear picture of your re-stocking expenses, which you can also use to leverage your suppliers for bigger discounts later on in the future.
- Customize and Monitor Pricing Data
Retailers employ varying strategies when it comes to pricing their goods. If you are new in the retail business or are managing a small retail startup, how do you know which pricing method is best suited for you? Using the same device you used to record your inventory, the portable barcode scanner, you can also keep track of the pricing of all your items. With your iPad POS software, you can view previous and current prices of each of your products, as well as calculate potential prices for items that require adjusting.
Moreover, some POS systems will also allow you to conduct pricing tests and track how they’re faring with your customers. And if you own a number of retail stores, you can test different prices for hot ticket items based on the store’s location.
- Keep Track of Customer Profiles
Having the ability to access customer information in a few taps and swipes of the iPad is a fairly recent addition in the world of retail and restaurant business. In the latter, restaurant managers can monitor food allergies and the special dietary information of frequent diners. Retail businesses like yours can personalize customer experience by keeping track of their purchases, what they like and don’t like, and you can even offer up suggestions on other products that your customers might be interested in.
With the customer history, you can build loyalty by offering rewards and special discounts on their birthdays, anniversaries, and other special occasions. Your customers will appreciate you for it and you will have developed a strong relationship with them as they continue to patronize your business.
By upgrading to the right iPad POS system, you can take full advantage of the benefits that it has to offer. Make your business operations more efficient and simple, provide better quality and personalized service, and improve customer experience by a significant margin. All these from a single POS software and hardware kit that startups and small businesses can afford. What more can a business owner ask for, right?