Looking On The Bright Side of Retail

How to Pick a Good POS System

The swift pace of retail environments today has made it imperative for different businesses to invest in a POS (point-of-sale) solution for their everyday operations. Just realizing you need point this computer program is the easy part, however. The real task is to choose the right POS system.

Below are helpful tips to consider as you evaluate your options:

1. Check if you need an inventory system.

First and foremost, decide if you need a retail inventory management system. If you own a retail or a specialty retail business, you can tell judging by your monthly sales volume and the intricacy of your operations. Other major factors (besides those above) that may help you decide are the sizes of your staff and your regular inventory.

2. Do a little homework.

Check out competing retailers in your community and find out what type of POS they use. Who is their POS partner? How long has the vendor been in the industry? Ask your prospective vendor to provide client references you can talk to. You’d like to know their views on both the software and the company.

3. Know the ROI.

While most POS solutions are not cheap, you have to note that this is an investment for your business that will can offer long-term benefits, especially in terms of profitability and ROI. A good prospect will help you calculate your ROI using a simple method. The moment you’re done with your research and have made a shortlist of candidate software, start to compare their features, taking note of the system that is likely to give you the best benefits.

4. Interview each prospect on your shortlist.

Aside from features, there are plenty of other things you must compare when checking out different POS systems. For example, are they certified to install your system, train your staff and provide technical support on an ongoing basis? Your business is not one thing you’re happy to compromise on.

6. Pick a vendor with top quality tech support.

In reality, no retail system is food enough without reliable tech support. Otherwise, prepare for stress and grief. Of course, cost is also a factor. Needless to say, you have to purchase your tech support from the same vendor that provided you your POS system, since they would naturally be the most knowledgeable about the software. It is just illogical to look elsewhere.

6. Choose the right software and hardware.

You can pick a simple desktop computer and monitor or a retail-hardened industry-grade system. In any case, you want POS software that matches your business’ needs perfectly.