December 1, 2022
Nearly 20% of retail sales happen during the holidays, with that number being even higher in some industries. While this surge in business is certainly welcome, it can create issues for retailers, including bottlenecks in checkout lines, inventory understocking or overstocking, difficulties running sales reports, and more. One of the best ways to quell holiday chaos and keep things flowing is to use the right point of sale (POS) system, which helps in several ways.
First, it can significantly speed up the checkout process, getting customers through the line and out the door with less friction. A modern solution like Retail Management Hero, for example, offers comprehensive payment integration, allowing you to accept nearly all types of payment. From credit and debit cards to mobile wallets and gift cards, you can quickly move customers through the checkout line. You can even set up self-service stations to move more customers through checkout with less manpower.
Next, it streamlines inventory management to improve decision-making to prevent understocking or overstocking. With heavier shopping during the holidays, it’s often trickier for retailers to maintain the right inventory count. But with the right POS system, you get robust inventory functions to automate and keep a bird’s-eye view of stock levels at all times. You can also use in-depth reporting to monitor trends and anticipate spikes in demand in advance. In turn, this helps you maintain optimal inventory counts to keep customers happy and capitalize on holiday sales opportunities.
Besides that, a smart POS solution lets you:
- Ensure secure payments when payment fraud is at its highest
- Create personalized reports specifically during the holidays
- Run seasonal promotions
- Conveniently manage back-office tasks like merchandising
- Integrate with accounting software like QuickBooks to save time during this busy time of year
One of the key benefits of Retail Management Hero is that it delivers industry-specific solutions with capabilities that optimize operations for each unique retail environment. Some examples include:
- Beauty stores
- Sporting goods
- Health food stores
- Book Stores
- Music Stores
- Consumer electronics
- Toys and games
- Comic book stores
- Jewelry and watches
- Apparel stores
And that’s just the tip of the iceberg. You can find a full overview of all the industries Retail Management Hero serves here.
If you’re looking to implement a smart, scalable POS system for the holidays and beyond, we’ll be glad to help. We serve retailers of all sizes, from small businesses to large retail chains. To learn more, you can get in touch with us through our contact page.