Modern businesses are changing at an alarmingly exponential rate. As consumers it’s often impossible to keep up with the constantly shifting nature of the retail market, so it must be even more perplexing for those working in it.
It doesn’t matter if you’re the Chief Executive or the tea boy, having an ePoS system that can be adapted to the specific demands and requirements of your business model is imperative to make your business work.
Any high street retailer must have their eyes on the future – and the future is being flexible and adaptable. The ePoS systems used on a daily basis, therefore, need to adapt with this business model.
The shopping-hungry masses are a living organism, constantly changing and shifting and changing organically to the technological innovations and opportunities presented to them.
In the same way that Smartphones and apps have presented a previously inconceivable myriad of shopping opportunities, ePoS systems – if used to their full potential – can prove just as valuable to the contemporary retailer.
And companies that don’t keep up with the demands of these ceaselessly shifting consumer sands won’t last long.
One of the great advantages of a scalable POS system (like this one) is that it can connect historical data with up-to-the-minute and automated planning tools. For example, they can predict peak times and forecast busy periods, preparing staff for a potential influx of customers and utilizing their resources to best cope with it.
The best in scalable ePoS systems should also have the ability to track everything in a particular retailer’s inventory – from shoes to nappies to Pot Noodles. Inventories of this nature can inform a retailer and its staff how much of a particular product they should have compared to what is actually in stock. This is therefore a way of projecting potential stock requirements based on historical product sales – using past inventory and sales to inform future stock and growth.
Inventory controls can also assist managers to use the ePoS system to schedule staff, meet demand, and achieves targets in a labour-efficient manner. It provides an instant check of staff stats per shift, including the number of hours logged per employee.
Customer And Purchase Analysis
In the cut and thrust world of retail and with such a fluctuating and unpredictable customer metric, it’s crucial retailers know as best they can any customer patterns and trends. With scalable ePoS systems you can do just that in as much as you can track customer purchases and well as identifying consumer peaks and troughs, allowing you to adapt your business model around specific analytics.
Models And Trends
It’s also possible with the information you retrieve to adapt your marketing model and retail strategy in line with particular customer trends. And, as an extension of this, you can create promotions, generate vouchers and special offers to reward customer buying habits.
The Bottom Line
And perhaps the most crucial of all these things is that scalable ePoS systems means the technology can be moulded to the specific requirement of your company. If business is booming and there’s increasing scope for expansion, ePoS can help you respond and tackle the challenges of an exponentially burgeoning business.
Likewise, it can respond the requirements of a downsizing company. In other words, it’s bespoke technology that can be tailored to the constant evolving nature of the retail sector.
Can you think of any other ways ePoS systems can be scaled to suit your business? Share in the comments.
Image by: chris_ford_uk