Short Course on Retail – Getting to Square 1

Choosing the Right POS System

The fast-paced retail environments of today have made it necessary for various businesses to invest in POS (point-of-sale) solution for their routine operations. Just realizing you need point this computer program is the easy part, however. The bigger task is finding the right POS system.

Below are helpful tips to consider as you evaluate your options:

1. See if you need an inventory system.

First off, know whether you need a retail inventory management system or not. If you are the owner of a retail or specialty retail business, you would know just by looking at your monthly sales volume, as well as the overall complexity of your operations. Other big factors aside from those above) that could help you decide are the size of your workforce and the volume of inventory you stock.

3. Get some research done.

Check out competing retailers in your community and find out what type of POS they use. Who made their POS? How long has this vendor been in business? Ask your prospective vendor to provide client references you can talk to. You’d like to know their views on both the software and the company.

3. Know the ROI.

While most POS solutions are not cheap, you have to note that this is an investment for your business that will can offer long-term benefits, especially in terms of profitability and ROI. A good prospect will help you calculate your ROI using a simple method. As soon as you have done your research and have a shortlist of candidate software, begin comparing their features and take note of which system will likely be your best choice.

4. Meet every prospect on your shortlist.

Besides features, there are many other things you should compare when looking at different POS systems. For instance, are they certified for system installation, staff training and ongoing technical support? You don’t want to settle for anything less for your business.

6. Pick a vendor with top quality tech support.

Truth is, regardless of how good a retail system is touted to be, your business will not go far with it if tech support is poor and unreliable. Otherwise, you can expect stress and grief. Of course, cost is also a factor. Needless to say, you have to purchase your tech support from the same vendor that provided you your POS system, since they would naturally be the most knowledgeable about the software. It is plainly illogical for you to look anywhere else.

6. Go with the right software and hardware.

You can go with an advanced, industry-grade system that has been ‘retail hardened,’ or any desktop computer and monitor. In any case, you want POS software that matches your business’ needs perfectly.

Support: recommended you read