POS software used for automation of total retail activity of a shop or sells point. A shop buy products, then store them and finally sell to customers. Also need to calculate profit, investment and overall status of the shop. The POS software will meet all of those requirement. The word POS means Point of Sales. Here we shall detail about the importance of using POS software and how this software will help your business progress.
Transaction Automation
POS software keeps track of each buy and sell. Shop staffs generate barcodes using POS and then paste the barcode to each product. Then the product will enter the stock via POS entry. Again at sell counter all products barcode entered to keep sells record. From the POS reports anyone can check the purchase and sells quantity and amount. Also stock reports shows the information about available products.This automated transaction ensures protection of any unauthorized products stock out or stock in.
Inventory Management
POS software autocratically performs inventory management. As the transactions are automated then stock reports always keep current stock information of products.You may also integrate separate inventory management software with POS software. Separate inventory management software may keep additional information such as rack info, products location etc.
Customers Data analysis
POS software keeps various customers information. Customer wise sells record and sells trend helps to re-target them for future marketing. You may identify top selling products, less demanded products, expiry date wise products information etc.
Personalized service
The POS data about customers purchase trend may use for maintaining customer communication. A separate CRM (Customer Relationship Management) may integrate with this POS software. CRM activity may use the customers transactions history data and customers basic data.
Providing accounting data
The business need to identify profit/loss of the company and other accounting data. Most of the transaction data can be collected from the POS software. Accurate profit loss calculation is very important to be updated about company status. Without POS software, it is almost impossible to get accurate transactional data.
In today’s competitive retail market, a POS software operated business is essential to provide better customer service and to achive optimized sells process.
