514.258.9359
info@a2r.ca
Advantage2RetailAdvantage2RetailAdvantage2RetailAdvantage2Retail
  • Services
    • Retail Services
      • Consulting
      • Business Process Review & Optimization
      • Systems Implementation & Integration
      • Custom Software Development
      • Project Management
      • Training, Technical & User Support
      • IT Staffing
      • Outsourcing
    • JDA Expertise
    • E-Commerce Expertise
  • Solutions
    • Veras Retail Solutions
    • HighJump Retail Advantage
    • Jesta I.S. Vision Suite
    • Pivot88 Solutions
    • Beehivr Field Marketing Applications
    • Point of Sale Systems
      • Veras CheckOut
        • Veras Activate
        • Veras Control
        • Veras Extend
        • Veras Locate
        • Veras Reach
        • Veras Stock
      • Jesta I.S. Vision Store & Mobile
      • WinDSS In-Store System
    • Merchandise Management Systems
      • Jesta I.S. Vision Merchandising
      • JDA Merchandise Management System-I
    • Warehouse Management Systems
      • JDA Warehouse Management
      • HighJump Warehouse Management System
      • Jesta I.S. Vision DC
    • Analytical Tools
    • HR & Workforce Management
  • Industries
    • Retail
    • Distribution
  • Media
    • Blog
    • A2R News
    • Resources
    • Client Feedback
  • Company
    • About Us
    • Executives
    • Technology Partners
    • Careers
    • Contact
  • Support
  • English

10 Signs That You Need A New POS System

    Home Uncategorized 10 Signs That You Need A New POS System
    NextPrevious

    10 Signs That You Need A New POS System

    By Jasmine Glasheen | Uncategorized | 0 comment | 21 August, 2017 | 0

    10 Signs That You Need a New POS System

    Overview:

    POS system updates can be a touchy topic for small business owners. You may postpone replacing your POS system due the investment required to buy a new system, but trying to hold on to an outdated POS system can lead you to lose revenue and to miss out on vital opportunities to connect with customers. Contrary to popular perception, most POS systems will pay for themselves within a few years of implementation. There’s no reason to run your business with archaic hardware when you can boost store efficiency and reduce calculation errors by updating your POS system.

    An outdated POS system can hold your company back from achieving its full potential. If you suspect your store’s POS system is keeping your company from maximum profitability, here are ten indications that it’s time to make a change

    Sign #1: Your high margin items aren’t selling

    If you aren’t getting any turnaround on your high margin products, a little research on your store’s sales patterns might be long overdue. Many POS systems have the capability to keep track of your daily sales to help you monitor which items are top performers. By tracking which items are getting the most traction on your sales floor, you can shift the location of high margin items to draw customer focus to your most desirable (and profitable) inventory.

    Sign #2: The store is constantly running out of inventory

    In this omnichannel world, customers have run out of patience for stores that run out of their favorite products. Avoid losing customers due to out-of-stock items by using a POS system which provides you with real time inventory updates, including notifications when your store is low on a specific item.

    Sign #3: There is no loyalty program in place for your customers

    Running a retail business can get competitive and loyalty campaigns have become the gold standard for retailers working to stay in the game. A good POS system can save you time and effort when clienteling by tracking customer purchases and automatically updating your online client database, making it easy to follow-up with customers by email.

    Sign #4: Scheduling employees has become a problem

    Employee scheduling can be tricky. Since every employee has their own scheduling requirements, it can be difficult to please everyone and to maximize store productivity. By using POS system technology to automatically generate employee schedules, you can ensure that your store’s schedules are made error-free and without bias.

    Sign #5: Customers aren’t finding what they’re looking for in your store

    If your store has plenty of foot traffic, but somehow it still isn’t making numbers, it’s probably time to start looking for a POS system with data forecasting capabilities. By using sales data to forecast trends and future purchases, modern POS systems can help ensure you’re only investing in products which are sure to be hits with your customer base.

    Sign #6: The system isn’t compatible with modern software

    A key component of the modern POS system is its ability to simplify in-store processes by seamlessly integrating with other programs. These programs may include new software, CRM systems and back-office functionalities. If your POS isn’t compatible with other products, it’s holding you back by reducing the efficiency of your store.

    Sign #7: Payments aren’t processed through your POS

    Processing payments through your POS system reduces your likelihood of making costly mistakes such as missed payments or not recognizing when you’ve been overcharged. These types of errors are easy to make, but by streamlining payments through a capable POS system you’ll save money by reducing the margin of error through automating payment processes.

    Sign #8: Your business is struggling with internal shrinkage.

    It’s difficult for a store owner to know whether resources are dwindling due to internal errors or employee theft. Luckily, internal shrinkage can be greatly reduced by upgrading to a POS system which tracks your inventory and makes any discrepancies easily recognizable. Thus discouraging employee theft and giving you peace of mind!

    Sign #9: Employees are wasting floor-time rebooting the system

    Stores lose out on sales when customers can’t checkout with their products because of POS system failure or internet outages. There are too many options out there for customers to continue revisiting a store once they’ve had a negative shopping experience. To maintain a professional atmosphere and to retain customers, invest in a POS system that keeps working even when the internet is down.

    Sign #10: Your POS system lacks analytical capabilities

    Customer data is essential to forecast inventory and to monitor store traffic in order to create employee schedules and identify ideal times for in-store sales or promotions. Without the capability to retain and analyze customer and sales data, you can’t use your POS system to assist with store functions to maximize profitability. Why continue wasting time and money on an outdated POS, when a great POS system makes every other element of running a business go much more smoothly?

    The Final Word:

    Retail is in a state of evolution; a new Mobile-enhanced Consumer shops across all of your channels, seeking value, service, experience, relevancy and personalization. As a Retailer, you chances of providing all of the above are slim-to-none if your Brick-and-Mortar employees are trying to manage these experiential shoppers via a legacy POS behind a dusty counter.

    To optimize the Customer Experience, and to capitalize on the Omnichannel Consumer, Retailers need to shift to a new paradigm in which their Store Associates are enabled, and not hindered by the technology. Where customer inquiries on product information and availability are handled quickly and efficiently. Where Employees are free to engage the customers on the Salesfloor, armed with the latest technology and knowledge at their fingertips. Where integrated CRM help your Employees to better know the Customer, and how best to Service them.

    The Consumer has evolved. Retail is evolving as a result, and as part of that Evolution, the POS must evolve.

    Advantage2Retail has partnered with Veras Retail to help bring back the magic to the In-Store Experience, learn more about how a Modern POS can help your organization evolve and compete for the modern consumer.

    Brick & Mortar, Mobile POS, MPOS, point of sale, POS, retail, technology

    Jasmine Glasheen

    Jasmine Glasheen is a Freelance Writer and Retail Strategist. She's been published on Retailwire, Independent Retailer, RetailMinded, CART, and many others. She was formerly the editor of Off-Price Retailing magazine and has been quoted both in Forbes and in RetailDive. When she’s philosophizing about the future of retail, you’ll find her brewing matcha tea or spelunking.

    More posts by Jasmine Glasheen

    Related Post

    • Young femal retail store associate using Veras Retail Checkout on an iPad

      A2R + Veras Retail Partnership

      By a2r_admin | 0 comment

      Advantage2Retail + Veras Retail Partnership Media Contact: Eric Macias, Marketing Analyst, Veras Retail (eric.macias@verasretail.com) Montreal, QC. / Phoenix, AZ – May 15th, 2017 Veras Retail, a global retail solutions provider specializing in point-of-sale, mPOS, CRMRead more

    • 4 Retail Trends That Show No Sign of Slowing Down

      By a2r_admin | 0 comment

      4 Retail Trends That Show No Sign of Slowing Down As the world of retail continues its steady progression and innovation, many trends seem to come and go on a regular basis. There are, however,Read more

    • Sales-Boosting Retail Store Tips for the Holiday Season

      By a2r_admin | 0 comment

      Sales-Boosting Retail Store Tips for the Holiday Season This year’s holiday season has arrived and early forecasts predict strong sales for retailers. With consumer spending expected to be on the rise, it’s important for retailRead more

    • Advantage2Retail: Discover the Difference

      By a2r_admin | 0 comment

      Advantage2Retail: Discover the Difference At Advantage2Retail (A2R), our motto is “Raising the bar of efficiency“. With our clients, our goal is simple: We work hard, to make their jobs easier, and unlike other firms our entireRead more

    • Retail Business Expansion Tips for Opening a Second Location

      By a2r_admin | 0 comment

      Retail Business Expansion Tips for Opening a Second Location Has your retail store been experiencing significant growth to the point where you are planning to open a second location? Retail business expansion is an excitingRead more

    NextPrevious
    • English

    Search

    Recent Posts

    • Join the fight to End Homelessness
    • The Future of Retail
    • Five Years of Support
    • Brick-and-Mortar Automation: The Death of the Retail Cashier?
    • How Smartphones and Social Media have forever changed the way Consumers Shop

    Archives

    • December 2019
    • July 2019
    • December 2018
    • November 2018
    • August 2018
    • June 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • February 2017
    • January 2017
    • December 2016
    • November 2016
    • September 2016
    • July 2016
    • June 2016
    • May 2016
    • April 2016
    • March 2016
    • February 2016
    • December 2015
    • November 2015
    • October 2015
    • September 2015
    • August 2015
    • June 2015
    • April 2015
    • December 2014
    • November 2014
    • February 2014
    • October 2013
    • August 2013
    • May 2013
    • October 2012
    • May 2012
    • March 2012
    • December 2011
    • October 2011
    • August 2011
    • July 2011
    • June 2011
    • February 2011
    • January 2011
    • November 2010
    • September 2010

    Categories

    • Analytics & Dashboards
    • artificial intelligence
    • Charity
    • Consulting
    • CRM
    • design
    • eCommerce
    • Financial
    • JDA
    • Loss Prevention
    • Loyalty & Social Media
    • Merchandising
    • Mobile
    • Multi / Omnichannel
    • News
    • Partnerships
    • Photo
    • Planning & Allocation
    • Point of Sale (POS)
    • RFID
    • robots
    • Social Media
    • Strategic Planning
    • technology
    • Trends
    • Uncategorized
    • virtual reality
    • Warehouse & Distribution Management
    • Workforce Management

    Recent Tweets

    • Distressed #retailers struggled with falling #sales for years — and then came #coronavirus https://t.co/wDRRZWa7bK… https://t.co/LzMGy0h4sJ

      3 years ago
    • #Temporary #closures could wipe out up to 50% of some #retailers' annual #profits, Cowen says… https://t.co/353i6pOXV5

      3 years ago
    • Plight of #Retail #Workers: ‘I’m Scared to Go to Work’ https://t.co/Y32NhI807X

      3 years ago

    Canada
    9378 De Lille,
    Montreal, Québec,
    H1Z 2P5

    Phone Number
    514.258.9359
    Email Address
    info@a2r.ca

    United States
    Galt Dr., Fort Lauderdale, Florida 33308

    Phone Number
    954.229.4131
    Email Address
    info@advantage2retail.com

    Links

    • Services
    • Solutions
    • Industries
    • Media
    • Company
    • Support

    Featured News

    • Join the fight to End Homelessness

      Join the fight to end homelessness     The holiday season is

      4 December, 2019
    • The Future of Retail

      The Future of Retail For over a decade and a half, Advantage2Retail

      8 July, 2019
    • Five Years of Support

      Five Years of Support: You can help to put an end to

      4 December, 2018
    © 2017 Advantage 2 Retail | Tous droits réservés.
    • Services
      • Retail Services
        • Consulting
        • Business Process Review & Optimization
        • Systems Implementation & Integration
        • Custom Software Development
        • Project Management
        • Training, Technical & User Support
        • IT Staffing
        • Outsourcing
      • JDA Expertise
      • E-Commerce Expertise
    • Solutions
      • Veras Retail Solutions
      • HighJump Retail Advantage
      • Jesta I.S. Vision Suite
      • Pivot88 Solutions
      • Beehivr Field Marketing Applications
      • Point of Sale Systems
        • Veras CheckOut
          • Veras Activate
          • Veras Control
          • Veras Extend
          • Veras Locate
          • Veras Reach
          • Veras Stock
        • Jesta I.S. Vision Store & Mobile
        • WinDSS In-Store System
      • Merchandise Management Systems
        • Jesta I.S. Vision Merchandising
        • JDA Merchandise Management System-I
      • Warehouse Management Systems
        • JDA Warehouse Management
        • HighJump Warehouse Management System
        • Jesta I.S. Vision DC
      • Analytical Tools
      • HR & Workforce Management
    • Industries
      • Retail
      • Distribution
    • Media
      • Blog
      • A2R News
      • Resources
      • Client Feedback
    • Company
      • About Us
      • Executives
      • Technology Partners
      • Careers
      • Contact
    • Support
    • English
    Advantage2Retail