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Using Your POS for More than Transactions

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Since the development of the first cash register in 1883, point of sale technology has evolved beyond the simple cash wrap into a comprehensive retail management system. If you’re not taking advantage of the inventory management, customer relationship management, and reporting then you’re missing out on technology that cannot only save you time, but also make you more money. So where should you start?

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Using Your POS for More than Transactions

  1. 1. 1| © 2015 RICS Software – Proprietary and Confidential
  2. 2. 2| © 2015 RICS Software – Proprietary and Confidential UNDERSTANDING YOUR POS IS A DATA HUB 1. 2| © 2015 RICS Software – Proprietary and Confidential
  3. 3. 3| © 2015 RICS Software – Proprietary and Confidential UNDERSTANDING YOUR POS IS A DATA HUB 1. The POS is no longer intended to only process transactions. Good retail technology allows retailers to: ▶▶ Collect POS data ▶▶ Organize data ▶▶ Create meaningful reports
  4. 4. 4| © 2015 RICS Software – Proprietary and Confidential CONNECT DOTS 2. 4| © 2015 RICS Software – Proprietary and Confidential THE
  5. 5. 5| © 2015 RICS Software – Proprietary and Confidential CONNECT DOTS THE 2. Your sales drive your business, so sales data should be linked to all other components. Tracking data allows you to: ▶▶ Use sales information to determine how much inventory to stock ▶▶ Make purchasing decisions and accurately predict demand ▶▶ Isolate best-sellers and under-performing merchandise
  6. 6. 6| © 2015 RICS Software – Proprietary and Confidential ANALYZING THE DATA 3. 6| © 2015 RICS Software – Proprietary and Confidential
  7. 7. 7| © 2015 RICS Software – Proprietary and Confidential ANALYZING THE DATA 3. Conceptualizing such a large amount of data can be overwhelming. The right POS system is able to collect and analyze this data for you, allowing you to: ▶▶ Stock the right merchandise at the right time ▶▶ Identify long-term selling trends ▶▶ Recognize salespersons strengths and weaknesses
  8. 8. FOR THE FULL GUIDE, VISIT WWW.RICSSOFTWARE.COM CLICK HERE  OR

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