When you take a look at how big retail businesses work, it can be seen that a huge bulk of their operations are highly powered now by a full blown Point of Sales (POS) System. This has basically allowed these businesses to function smoothly amidst other demands of the retail industry such as inventory management, staffing, and financial analysis. By installing their own POS in their retail business, they are able to have a more organized way of keeping track of their sales and stocks.
Naturally, when we go inside a shopping mall, we can already expect for our payments to go through a cash POS machine, which is one of the most crucial components of the POS system.
Why are these not being followed in small to medium enterprises?
The payment and recording system may look completely different if you visit smaller shops, like a fashion booth or food stall. Sometimes, receipt may not even be given to you after a purchase. On the surface, SMEs obviously have lesser capital and running funds compared to large enterprises. This is why a meticulous POS system will usually go on the lower end of the priority list. However, what these types of SMEs do not realize is that they are actually missing out on opportunities to be more productive and organized by delaying installation of a POS system.
Benefits of POS System to Small Enterprises
With the continuing advancement of technology, installation and maintenance of a POS system has been made even easier. With this, this kind of business tool is no longer that intimidating regardless of the business size. Experts in the technology like Inter-Register Communications (IRC) provide a multi-functional POS system package, which already includes the cash register, POS software, and POS hardware.
By having their POS running, small businesses will be able to boost their employees’ productivity, since the sales process will be significantly reduced. The time they save on processing purchases can then be used to update inventory. A POS system will also allow the business, regardless of the industry they are in to efficiently manage or track their expenses. Everything that goes in and out of the store are properly recorded, thus giving the business a clearer view of which products are selling well and which ones they need to improve on. This is also often the basis why some businesses decide to phase out certain offering. No time is wasted, compared to an operation without a POS system.
Another edge of having a POS system for small businesses is the opportunity to implement a customer reward program or a loyalty program. This means that it is not just huge shopping centers or restaurants that can have a fully established loyalty program. Even start-ups can do this with a fully functional POS system, since the software will be able to consolidate frequent customers, as well.
In order to get the best out of the POS system, small businesses needs to consider both the functionality and flexibility of configuration. This way, the business will be able to properly use the POS based on the needs of their target audience and overall business goals. IRC, having serviced thousands of businesses in Malaysia will be able to deliver this kind of feature, along with their high quality cash register products. Their POS solution is packaged in a way that will fit a individual client’s need.