Software

Top 5 Tips on Point of Sale for Retail Managers


At a glance, the point of sale (POS) system might seem like an unremarkable tool for business, but many retail managers do not use or even know about numerous functions it has. Can your store afford to stay in the dark? In many cases, increased profitability waits on the actualization of these functions. Below is a guide on POS for retail managers, laid out in five easy-to-implement tips.

1. Use your store POS to streamline inventory procedures
When you use the POS to log every item in your store, you have a clear record of inventory exists. While there are numerous ways for products to get lost (theft, misplacement, damage, etc.) you get the closest to transparent inventory with this electronic record. While bargain stores are not necessarily built for this method, clothing and high-end stores are bona fide candidates.

2. Clean up the pay screen
A lot of POS have unused pay screen options, which can cause a lot of problems, both for employees and customers. Holdups at the cash register can be annoying for customers and lead them to think twice before coming to your store when they don’t have all day to shop. Clean up the pay screen so that only cash, credit card discount, loyalty/rewards, and any other frequently used options are left. Less cluttered screens help allow for faster-moving lines.

3. Limit opportunities for theft
You might be overlooking some of the safeguards built into the store POS. Things you can do to help avoid cash thefts include limiting the types of transactions that you can void, stopping “No Sale” drawer openings, and requiring management approval for cash refunds. These simple steps can lead to significant reductions in employee thefts at the cash register.

4. Have a POS do double duty in payroll and sales functions
If you are still using a time clock or something similar to manage payroll, you are potentially losing money. Most employee responsibilities revolve around the POS, especially when clerks double as cashiers. By combining the payroll and in-store duties on the same system, you’ll have an easier time ensuring employees only clock in when they are ready to start work at the cash register. Plus, when they clock out on a POS after a shift, they won’t be changing clothes or chatting on your dime.

5. Establish a rewards program with the technology at hand
Most POS systems for retail managers allow you to set up a customer loyalty program. It’s fairly simple to do, but there are usually short guidance classes available if you need some assistance. Customer loyalty programs help retain customers and a discount of 10-15% after multiple purchases will often direct a customer back to your store instead of a competitors.

Shrinkage will always threaten your operation’s bottom line, but you have the tools at your disposal to minimize lost inventory as you move forward. By putting every function of your store’s POS in play, you can increase profitability in a big way.

  • Daisy Bennett

    I use livepos as my pos and this helped a lot in our everyday transactions. It makes our job easy, their features are compatible with my store.

  • Jasmine Straight

    Livepos is one of the best pos systems. It has great features that helped in running my retail store every day.

  • Alice Cole

    I’ve been using livepos in my small retail store. This helped a lot in running my business smoothly.

  • Jessly Guthrie

    I feel secure using livepos in my store and it is also helpful in our everyday operations. Their features are amazingly useful.

  • Crystal Genelle

    I use livepos for a couple of years now in my multi-location stores and it’s really amazing. Their real-time inventory is very useful, I really like it.

  • Stephany Bowen

    I use livepos in my franchises and I like how they secured all of my files. This software is the best for me, with useful features and reliable support team.

  • Damon Wallis

    Livepos have been my point of sale for a couple of years now. They give great features in my multiple location stores that really helped in running and growing my business.

  • Charles Orcutt

    For a couple of years my business is up and running, livepos is one of the helpful solution to make it successful. Their features are amazing and reliable.

  • Jani Christy

    The inventory of livepos is amazing. I like it so much, it’s in real-time and I can use it anytime, anywhere. It’s very reliable pos system.

  • Clara Sutterfield

    We’ve been using livepos software in my stores and it’s really a great help in improving my sales flow. Their features are very amazing and reliable.

  • Suzanna Baylor

    LivePOS is a powerful point of sale. We have been using it for a couple of years now. This has done a lot of help in running my business.

  • Ada Ramirez

    Livepos have been our franchise pos for years now. They have great features that are compatible for my franchise. It makes easier for us to work.

  • Florence Landreth

    I use livepos for years now and it is very helpful in running my business smoothly.

  • Heidi Miller

    Livepos is the one we use in our store and provides all we need for us to handle our business smoothly.

  • Paul Matthews

    The best pos solution for my multi-stores is livepos. I decided to change to livepos system from our old cash register because it is handier to use.

  • Rupert Terry

    Every transaction in our store is quickly and efficiently done with the use of livepos every day. It’s a great decision for me to use a point of sale for my business.

  • Stephen Delgado

    I’ve been using livepos in running my multiple stores for a couple of years now and this really helped a lot for me.

  • Claire Morrissey

    I look for pos that are easy to use and livepos is the one I chose. The ease of use for the staff reduces the training time and minimizes in making errors.

  • Betsy Sears

    Our pos is livepos and it gives real-time information about our inventory and this is really helpful for us.