Six tips you should know before opening a new store.

01. You need to have a right software to be installed.

A progressive way has to include POS in the retailer's list. But there is a difference between a POS software and a Good POS software.Market giants like eRetailtech, not only provide you the customized POS and also covers entire operations like billing, buying, allotment, stock take, inventory management, mobile POS, GST enablers, loyalty programs, analytics reports and easy user interface.These features make retailer job easier so that he can think of product and expansion.With such software, you can manage multiple chains of business. It helps you in standardizing the operations and increase the ROI efficiently.Read More.

Image Description
Image Description

02. Spend your time on products and strategy.

Work on strategy and product/service of your business, this would be a very crucial step for any successful business. You have to go out to reach your dealers or salesperson, negotiate the things and close the deals. To make this on records, your system has to support the bulk purchase.Make some strategic point of operations for the effective way of doing business.

03. You will be happy to have an employee doing billing.

When you have an employee doing the billing and cash handling, it’s an indication that you have developed processes and are trusting your POS system for control. If you can be away from cash handling one store, you can easily replicate the same in case of multiple stores! Need Easy & Fast billing?

Image Description
Image Description

04. You have a mobile app to check store billing data and CCTV real time.

It might be a single store or multiple stores a retailer have; the process should support him to do all kinds of external activities with ease. Be it be procurement, business meet or any personal meet.They can happily monitor the complete store and the billing status of the store from the eRetailtech mobile app.

05. You need to have reports and analysis for your next purchase.

eRetailtech POS generates a lot of reports. Each report or dashboard has a specific function. If you have mastered the art of reading the report and make decisions based on the data, you are a man destined to grow into a large chain owner! Find out how?

Image Description
Image Description

06. You need to know what is performing and what are not?

It might be a single store or multiple stores a retailer have; the process should support him to do all kinds of external activities with ease. Be it be procurement, business meet or any personal meet.They can happily monitor the complete store and the billing status of the store from the eRetailtech mobile app. Knowing your stocks means you know what is available to sell. You should know why your customers come to your stores. Your job is to maintain the availability of on-demand goods. Stock out is a denial of service to your customers. More stock, unusually slow-moving or non-moving, means your working capital is locked. Your ability to get more fresh goods gets compromised in such cases. The shelf space occupied by such products is at the cost of new stuff. When you know exact stock numbers, that means all your systems, processes and discipline are working in harmony.

Go and open one more store now. POS that helps you do that.

Related Posts