Why Do You Need POS Retail and Inventory Management Integration?

There are many aspects to consider in order to grow your small retail business. But as you progress, you need to keep up with the pace of today’s competitive retail market. You have to have a good grip on a dependable Point of Sale or POS retail and inventory management system to help you run the business successfully. 

As we all know, a Point of Sale or POS retail is a computerized software system that manages inventory, sales, and POS operations of the retail store. It is a must-have tool for every retailer.

And aside from having one, you also need to integrate your POS retail with an inventory management system for seamless operations. Without integration, there is no synergy and other aspects of the operations may function independently.

What is inventory management? It can be simply defined as having the right and accurate quantity of any good or item at the right time with the correct cost. All these impacts your retail business. Additionally, inventory management helps in real-time inventory tracking from the first stage which is the actual purchase from your supplier up until the sale of the retail products to your consumers.

Inventory management includes the following: the process of ordering, storing, and making use of the company’s raw materials as well as the finished products. A good practice of inventory management makes certain that the retail business’ stock levels are sufficient enough to cater to the needs of the customers when inventory is running low, and it can easily give notice when replenishment is required. 

There are a plethora of benefits as far as inventory management is concerned and it starts first with savings. POS retail systems allow you to understand the stock levels so you can invest money in the right kind and amount of stock at the right time. You will not allocate and tie up your resources to those that languish in your shelves. Second, it helps improve cash flow. Third, it strengthens customers’ satisfaction because their needs are served when they need it. Say goodbye to frustrating stock-outs!

On the other hand, poor inventory management may lead to unsold stocks, even resulting in deadstock, keeping capital tied up in it and reducing your resources needed to operate. 

There is no doubt POS retail and inventory management are critical components. And, to improve efficiency, gain visibility into your stock, and automate the hardest of jobs, you need to integrate your POS retail with an inventory management system. 

Why do you need POS retail and inventory management integration? Here are four reasons why:

1. Cost Reductions and Time Savings

Because of integration, you can easily finalize an order and can implement a faster checkout process. Your customers will not have to wait for a long time to checkout. Also, you can trace your goods with great accuracy and hasten inventory management. Thanks to the barcode scanning system, the inventory is tracked accurately and coherently. 

It also minimizes errors, making sure that all information is correct, saving some expensive time. 

2. Updated Reports and Informed Sales Decisions

POS retail and inventory management system integration provides real-time and updated reports.  Bid goodbye to sales trend guessing, and say hello to relevant market analysis to aid in informed sales decisions. Moreover, there is real-time inventory tracking management. The system will warn you when your stock levels are low, complete the purchase order (PO), and track your suppliers and providers. A complete tracking system helps you know what is going on in your business.

BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!

Click to Learn More.

BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!

Click to Learn More.

3. Improved Customer Relationship Management

When you have enough inventory and you have sufficient data about your customer base then you can already design promotions to continue making them loyal to your retail business. A POS retail can also help in:

Updating customer data.

No more problems with customer information updates.  An integrated POS retail and inventory management system can disseminate information through emails about campaigns and special events as well as Sale schedules to your customers.

Reward points.

This is a common approach but is still very effective. For every purchase, you give your customers a corresponding point equivalent to something when claimed. This is an avenue for customers to keep coming back for more shopping.

Customer loyalty programs.

Loyalty programs are designed to keep and maintain loyal customers by providing them with discounts, coupons, and free gifts that can be easily availed of.

4. Advanced and More Modern Systems 

POS retail systems now with inventory management integration are more advanced. Large and cumbersome systems are now being replaced with Ipad-based POS retail systems which are still capable of inventory management. Some even use mobile phones. 

Do you need one that is reliable, a POS retail that has inventory management integration? EasyPOS is plain perfect for your retail business! EasyPOS is perfect for: 

• Physical stores need a good location to store transaction cash and data, and that’s what EasyPOS does for you.

• No need to micromanage your store’s transactions. Our system, when integrated with EasyFS, makes it easy for you to view live reports on the cloud!

• Keep transactions running smoothly with multiple staff access. We make security and accountability easy with our POS system.

EasyPOS is the one for your retail business, no doubt. For a free demo: https://human-incubator.com/easy-pos/

BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!

Click to Learn More.

BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!

Click to Learn More.