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Using Your POS for More than Transactions

Date post: 08-Aug-2015
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1| © 2015 RICS Software – Proprietary and Confidential

2| © 2015 RICS Software – Proprietary and Confidential

UNDERSTANDING YOUR POS IS A DATA HUB1.

2| © 2015 RICS Software – Proprietary and Confidential

3| © 2015 RICS Software – Proprietary and Confidential

UNDERSTANDING YOUR POS IS A DATA HUB1.

The POS is no longer intended to only process transactions. Good retail technology allows retailers to:

▶ Collect POS data

▶ Organize data

▶ Create meaningful reports

4| © 2015 RICS Software – Proprietary and Confidential

CONNECT DOTS2.

4| © 2015 RICS Software – Proprietary and Confidential

THE

5| © 2015 RICS Software – Proprietary and Confidential

CONNECT DOTS

THE2.

Your sales drive your business, so sales data should be linked to all other components. Tracking data allows you to:

▶ Use sales information to determine how much inventory to stock

▶ Make purchasing decisions and accurately predict demand

▶ Isolate best-sellers and under-performing merchandise

6| © 2015 RICS Software – Proprietary and Confidential

ANALYZING THE DATA3.

6| © 2015 RICS Software – Proprietary and Confidential

7| © 2015 RICS Software – Proprietary and Confidential

ANALYZING THE DATA3.

Conceptualizing such a large amount of data can be overwhelming. The right POS system is able to collect and analyze this data for you, allowing you to:

▶ Stock the right merchandise at the right time

▶ Identify long-term selling trends

▶ Recognize salespersons strengths and weaknesses


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