Back in January, I decided to fly to NYC for a day and walk the expo floor of the National Retail Federation's Big Show. First off, that was the biggest show I have ever attended in any industry and second, if you are in the business of selling anything, I suggest subscribing to their newsletter if you don't already (and while you're there, check out shop.org).
I attended the show so I could attain some information about points of sale and more specifically, if the current POS is moving to a more "open" format. My idea about The Stock Flock is to one day partner with a progressive POS provider and have our database pre-loaded with that POS partner's package. The exciting point is that yes, all new POS systems are open and many of the old have API's! Great news, but what does this mean for you?
1. Shift in the market is towards open, cloud based POS systems. This is great because the days of having a server run your business is close to being over. Cloud technology is faster, cheaper, more efficient, and has the ability to be accessed from anywhere (think checking sales on your iPhone while lying on a beach without the headache of calling in).
2. Shift towards handheld devices. These have been around a long time especially in electronic stores such as Best Buy, but did you ever think of arming your staff with a iPhone, iPad or some other handheld credit card swiping machine? I think these are great for retail events out of the store as well as big sales or special occasions.
3. Integration with cross-channel partners. Gone are the days of the excuse that I don't want a website because my inventory online won't match what's going on in the store. The more open POS systems will be able to integrate your inventory into the backend of your website.
What is the current POS systemt you use in your store? What are the good things and the items that you wish you could change if given the opportunity? Let us know!
For all inventory availability issues, check out our solution and let us know if we could help make your store more profitable!