- By pharmacysoftware
- On 11/12/2018
People visit supermarket regularly so that they purchase their groceries and other essentials required for their living. A supermarket POS is a software tool which is used as a point of contact with the customer in a retail supermarket store. The success and effective functioning of a supermarket mainly rest on the choice of the right supermarket POS. You would be amazed to know about the features and operation of supermarket POS software. The following are some of the applications of the supermarket POS.
Cash Flow Management
One of the main application or function of supermarket software is cash management. Thousands of people visit the retail shop to purchase things. Thus there would be a constant flow of cash in and out of the supermarket. It has to record the financial information of the retails store. The POS system also manages the debit and credit card payments of the customers. The details of the customers who have made card payments are recorded. The POS software can handle the cash flow from the point of sale and through other places like back office, bank etc.
Managing the stocks in the supermarket is the most significant challenge. A supermarket POS had made this job simple. Customers visit your retail store only when all the necessary grocery products are available. Thus you must make sure that your supermarket store does not run out of stock. This would help to compete with your competitors. POS software plays a crucial role in managing your inventory and places orders to vendors immediately when there is less stock. The inventory software also makes sure that it does not over order the products which might result in unnecessary expenditure.
Managing Shelf Space
You might have noticed that supermarkets mostly offer more shelf space for products that are in high demand among their customers. Managing the shelf space improves customer satisfaction as they can access the products easily without any delay. Supermarket POS software can help a great deal in offering details of the frequently purchased products. Thus sufficient space is allocated for those products.
Any business there is a chance of loss, and this is the same with your retail business. Your supermarket POS software acts as a silent partner of your retail business. It monitors the various activities of your supermarket store. Thus it can prevent your business from theft and other potential losses. The POS system works along the video surveillance system so that you can identify sweethearting, stealing cash etc. Make use of the right supermarket software so that you can maximise the ROI of your business.
Labour management seems to be difficult when you run a vast supermarket store. A supermarket POS can effectively manage the attendance and working hours of your labour. POS software can tell about the store traffic and allocates storekeepers based on it. Your customers feel satisfied as there is no under-staffing.
The above are some of the notable features and applications of supermarket POS. These applications mainly offer customer satisfaction and streamline your business process.
- By pharmacysoftware
- On 11/12/2018
POS software performs much better than inventory software. It records each sale from time to time and maintains the inventory records up to date. Moreover, you get complete details about the sale that is hard to collect manually. By using reports as per the information, it helps you in making better decisions regarding merchandising and ordering. The retail management software is an indispensable tool for small, medium and large sized businesses. It is flexible to purchase and can be installed as per your requirement and budget.
With fashion retail software:
· You can find out sales data and find out how the items on the shelves sell. This way, you can adjust and purchase accordingly.
· You can have a complete record of sales history so that you can make buying decisions as seasonal purchasing trends.
· You can enhance pricing accuracy by adding credit card authorization and barcode scanners ability with POS system.
There are numerous types of POS systems easily available. You can add on various advanced devices at checkout points like invoice or receipt printers, credit card readers, barcode scanners, and electronic cash drawers. The POS software packages mostly come with associated connecting modules that include purchasing, accounts payable, accounts receivable, general ledger and also inventory control systems. In simple words, POS systems are all in one software that helps in keeping tracking of cash flow of the business.
Features in fashion retail software
Ease of use:
It is important to purchase software that is user-friendly. The graphical interface should be easy to understand and use. If the software is complicated, it takes a long time to learn and master the software. So, ensure it has a simple graphical interface and remains easy to use.
Entering sales information:
The majority of systems requests to add the inventory codes either automatically using barcode scanner or manually. If you have entered the code, the system would show the standard price or sales price. You have to compute as per the quantities purchased and make a total. Most systems make the entry process manually where you have to find inventory codes according to the description, manufacturing code, vendor and merchandise number.
POS systems offer numerous ways to track pricing that includes percentage of cost, add-on amounts, custom formulas, and margin percentage. If you offer discounts, you can fix various prices for each product.
Updating product information:
If you have entered a sale, the POS system would automatically update accounts receivable and inventory records.
The POS system remains as a valuable asset to fashion stores as it helps in obtaining better control of business via reporting features. The sales data can be obtained in various ways which you can determine what products you have sold, at what time and find out what is present on the shelves. It also displays when promotions work best and lets you know when to fix seasonal promotions.
If you have any particular requirements, you can share the needs to the vendor and they would customize the POS software as per your business need.
Read More : What Can A Supermarket POS Do?