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Today many businesses ring-up their sales with using POS Systems daily. But they don’t know the actual capabilities of a modern pos system and how far is it capable to drive business up somehow. How much do you know about your pos system? It is capable to track sales data, record customer’s data, applies promotions and fixes discounts on every product, generates sales reports and analyses forecast, analyses cost, profit and price and manages inventory. That’s it? In this article, we will introduce you little deeper about the three main functions of pos system – inventory, sales tracking and customers. Functions of POS System 1. Sales tracking: Modern POS System is capable to manage business processes even more efficiently by managing the transactions. Volume of sales from lower to highest, types of goods selling, quantity of sales, latest offers, the timing to increase and decrease sales volume and the increase and decrease of price before sales get stopped are involved in the process of sales tracking performed by a robust pos system. 2. Inventory tracking: When it enters through final stage in the business, POS starts tracking inventory. In fact, POS System is capable to view the history of sales and inventory them as well. The inventory tracking of pos system includes the rate of items to be sold, number of items sold and in hand, the price of item on which item is being sold, and the revenue amount which will be enjoyed by the business after sale of a particular item. For instance, a boutique or a fashion accessories store can serve around 30000 customers per year with an effective inventory tracking system, according to the report of Fishbowl Inventory. In this way, inventory tracking by pos system can overstock mostly-demanded items to serve the customers and never let your business lose goodwill and money. 3. Customer tracking: POS system captures attention of more and more customers miraculously by maintaining proper track record including names, purchase history, payment period, frequency of purchasing a particular item, contact and other demographic information. This data is used to detect targeted customers, segments and new markets by the marketing campaigns. Bottom Line For any retail business, sales, stock and customers are the key blocks to drive on sales. Business is capable to analyze each of them with the help of efficient pos system and it does that by having the accurate and up-to-date database of customers and inventory. And there are huge benefits of having POS Systems over APG cash drawer. visit to buy POS Systems and apg cash drawer.
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