Using Your POS for More than Transactions
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Transcript of Using Your POS for More than Transactions
2| © 2015 RICS Software – Proprietary and Confidential
UNDERSTANDING YOUR POS IS A DATA HUB1.
2| © 2015 RICS Software – Proprietary and Confidential
3| © 2015 RICS Software – Proprietary and Confidential
UNDERSTANDING YOUR POS IS A DATA HUB1.
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| © 2015 RICS Software – Proprietary and Confidential
CONNECT DOTS2.
4| © 2015 RICS Software – Proprietary and Confidential
THE
5| © 2015 RICS Software – Proprietary and Confidential
CONNECT DOTS
THE2.
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| © 2015 RICS Software – Proprietary and Confidential
ANALYZING THE DATA3.
6| © 2015 RICS Software – Proprietary and Confidential
7| © 2015 RICS Software – Proprietary and Confidential
ANALYZING THE DATA3.
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
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