Can a POS system really save money? Yes, and in fact, experts say that the right POS system has the potential to save “much more then you can imagine” (Ravindra, 2018). This is particularly true when dealing with an integrated POS system.
Why is that? The right integrated POS systems comes with a few noteworthy perks for saving both money and time. While there are multiple ways it accomplishes this, we’re going to focus on two specific areas – namely, accuracy and maintenance.
By improving ordering accuracy, it is possible to further reduce certain costs – such as ones related with supply surpluses. With an integrated POS system, through its inventory tracking (including automating its inventory tracking process) can allow you to “track busy and slow times of the year” while also saving on “labor costs” (Siebert, 2017). The nature of such a system also can reduce human error, because when employees are logged into a centralized, integrated system there is greater transparency and “business owners can easily track any miscalculations” (Siebert, 2017).
So how does it affect maintenance? If you opt to go with a POS system that is integrated, this simple step can help you opt out of some tedious maintenance costs and lost time. Having an integrated POS system can allow you to sidestep the frustrating issue of having a vendor shift the responsibility on a different element of the POS system – which forces you to devote valuable time and finances to resolving the technical problem. With an integrated POS system, such technical mishaps are much simpler to solve because “one company is typically responsible for maintaining your technology” (Ravindra, 2018). So, in terms of saving your own valuable time, sales, and customers – choosing an integrated, one-stop shop POS system can definitely put you ahead of the game.
Despite the fact that acquiring a POS system does incur an upfront cost, experts stress that the right one “can save a lot of money for you,” and that it is “highly economical in the long run” (Ravindra, 2018). In the end, the right integrated POS system that fits your needs can ultimately save you from having to foot the repair bill, protect your time (so that you’re not the one wrestling with any technical problems), and streamline your inventory process so that you can actually reduce costs.
Ravindra, S. (2018). The Significance of POS System to Automate Sales and Increase Productivity. Global Digital Marketing Summit. Retrieved from https://gdms.texilaconference.org/blog/
Siebert, W. (2017). How a POS Can Help Streamline the Restaurant Inventory Process. Modern Restaurant Management. Retrieved from https://www.modernrestaurantmanagement.com/how-a-pos-can-help-streamline-the-restaurant-inventory-process/
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