Planning Inventory around Demand: What You May Be Doing Wrong

For retailers, it can be very difficult to plan around consumer demand. In other instances it is quite easy. People always want more turkeys during Thanksgiving, for instance. Not all consumer demand is so easy to predict, however, and the business needs to be quick on its feet to adapt to changing demands. Building Understanding The first thing that a business needs to be able to do to respond to consumer demand is to understand its own sales patterns. Posterita’s report features allow you to produce sophisticated reports that provide you valuable business intelligence into your customer’s purchasing habits. When you can see that during a given point in the year demand for one of your products tends to go ... Read More

Shift Away From On-Premise Towards Web-Based POS Software Among Retailers

Software Advice, a website that reviews and compares retail software, recently conducted research to analyze what retail buyers are looking for when purchasing a point of sale system. The report analyzes the top reasons for purchasing, the most sought after features, and buyers’ deployment preferences. To gather the research, Software Advice analyzed thousands of its phone consultations with retailers over the past four years. Some key findings from the report include: Retailers Look to Improve Effectiveness. Most buyers were looking to improve their accuracy and effectiveness with a new POS system. The Need for Improvement. Of the buyers consulted, over a third were current point of sale software users looking for new options. Additionally, one-fourth were currently using manual methods ... Read More

The secret of expanding from one store to many

Most retailers say that running a single store is challenging but manageable. With more experience and earnings, retailers often decide to open new stores. However, as they expand, they often complain that their business is now out of control. Yet they were applying the same formula for success. What went wrong? They did not change to a multi-store POS. Let’s look at an example. A successful retailer opens a new store and sets up exactly the same store processes. He now has a chain of 5 stores, right? Wrong! He has 5 single stores, operating separately. He contacts his POS vendor and orders the same POS, makes a copy of the data, and adjusts his inventory for products he has ... Read More

How a touch screen POS panel increases productivity and performance?

Have you ever noticed a cashier who is overwhelmed when he or she is processing a lot of sales? There can be many causes. For example, there can be too little space to operatea mouse, so he or she must type on keyboard to find items, prices, customer account numbers, discount, etc., while remaining engaged with customer. The Posterita POS has a touchscreen that solves all such problems. Its point-and-touch capabilities and intuitive navigation make it simple to process sales. Posterita displays only information that is needed, and all processes are streamlined to minimize the time required to perform them and the possibility of human errors. As a result, the Posterita Touch Screen can improve your store’s performance and customer ... Read More

A Retail POS that is non PCI compliant can cause retailers to lose customers and expose them to expensive lawsuits

Most retailers do not understand the legal and technical jargon that applies, but they are exposed to risks that can result in suits of 100,000 USD or more. Of course, the retailer can also lose customers who have been the victims of fraud. Chances are the customers will not return. The trust between the retailer and the customers has been lost. The question is, who is liable for the breach? The retailer can plead ignorance and say that the responsibility is due to the software provider or reseller. But, legally speaking, the data was stored on the retailer’s database. So it is the duty of the retailer to ensure that the sensitive data is kept safe. As a result, retailers ... Read More