If someone were to ask you a few questions about your small retail chain, would you be able to give them accurate answers? For example, ?Which product is your number one seller?' ?Who is your best salesperson?' ?Exactly how many items do you have in the stock room right now?' or ?Who is your best supplier?' are all examples of questions to which you should know the answer, but probably do not. These answers also happen to be ones that you would have at your fingertips with POS software.

How does point of sale software give you all of the answers to these questions? With regards to the first question, ?Which product is your number one seller?' the software tracks each and every sales transaction and keeps track of sales in terms of each individual product. A point of sale software system will rank your products in terms of bestseller in units and bestseller in terms of money made. By using a hosted Software as a Service (SaaS) company, you will be able to have all of your information in real-time, no matter where you are as long as you have an internet condition.

Moving on to the next question ? ?Who is your best sales person?' Perhaps you have an employee who is energetic and outgoing when you are in the store, but lethargic and uncouth when you are not present. You might be tempted to say that they are your best employee, but in reality they have the lowest sales numbers and actually drive customers away with their attitude. Without a hosted point of sale software system, you will be hard put to know who your best employee is. With the software, you will have clear and concrete figures that easily illustrate which employees are the most productive and which ones need to be let go.

The next question, ?Exactly how many items do you have in your stock room right now?' is virtually impossible to answer without hosted point of sale software. You might know how many items you had at the arrival of the shipment, but since then, you most likely have no idea what is actually in the stock room. With point of sale software this is definitely not the case. As each item is sold, the software automatically credits your overall inventory numbers. Not only does it credit the overall numbers, but it also credits each unit individually. You will know how many units you have of each product at any given time. Just open the hosted point of sale software and click the mouse.

Continuing on with the questions, we have, ?Who is your best supplier?' If you carry a big name brand, you might be tempted to just rattle their name off and think that they are your best supplier. With hosted point of sale software you will know which units from which suppliers are over or under performing and be able to make the necessary adjustments. Obviously you would cancel the underperforming supplier and begin making more purchases from those that are over performing. A point of sale software system truly allows you to get to know your business better than you ever thought possible.

Point of sale Software