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Switching from a traditional, hardware cash register to computerised point of sale, or EPOS system, for your health store can be daunting. But there are some profitable benefits for your business:
More than a cash register.
An EPOS software system doesn't just replace your cash register. An EPOS cash register can instantly tell you how much money you have left in your cash drawer, and how much of that money is profit. It can also tell you how many of a specific product were sold today, and how many you have left on the shelf. It can even warn you to order more items when stocks get low.
By switching to a computerised point of sale system, the average small business (a company doing £500,000 per year in business) typically reduces theft by 2.5% - that's £12,500! How? Your employees watch inventory much more carefully, because they know that stock is being monitored.
Less inventory shrinkage.
An EPOS system lets you watch for obsolete and broken inventory much more carefully. And you can have a much more accurate count with which to compare shelf inventory. These tools typically reduce shrinkage by another 2.5%.
Better manage inventory.
With detailed inventory reports, you can manage the flow of inventory much more carefully, ordering products when you see increased sales. You also build up historical data that can help you predict future inventory needs.
Watch your margins.
Your inventory reports will help you to stock more products that give you greater profits and fewer products that give you the least amount of profit.
Have happier customers.
Computerised point of sale systems, with barcode scanners and other helpful tools, make checkout much, much faster. That means happier customers. Even if you don't use a barcode scanner, a computerised system is faster, because you can enter SKUs that are automatically linked to pricing.
Point of sale systems, due to their more efficient checkout process, can reduce your till or point of sale lane needs. Hence this can reduce setup & running costs, release staff from the till area to be more productive in other areas and reduce the need for some extra part-time staff hence reducing wages.
With an EPOS cash register, every item in your store has an associated price. Never again will you have to figure out how much that face cream sells for, is it £12.99 or £14.99.
Build a customer list.
Use POS software to store the name and address of your best customers. Offer loyalty programs to gather this information, then you can use the list to target advertising, or to just get on a first name basis with your most loyal consumers.