Intelligent Retail EPOS Software blog - system tag

How to use reports from your EPoS system to make more net profit

Sat, 09 Jan 2010 06:13:00 GMT

We had this question in from a new retailer which I thought was worth sharing.

I have taken over a shop with an existing epos system that provides lots of reports, whilst they are interesting what can they really be used for?

There are lots of ways to answer this question. I will look at one of the direct ways in which to utilise this information.

New EPOS Software launched by Intelligent Retail

Thu, 02 Jul 2009 16:05:00 GMT

Here at Intelligent Retail we constantly strive to improve our EPOS Software with real improvements which make a difference to our customers. We've recently updated all of our customer websites with major improvements which will help with conversions, SEO effectiveness and objection management. Read on for details...

EPOS Software : Introduction to EPOS till functionality

Mon, 23 Mar 2009 17:16:00 GMT

Here is the second in a series of videos showing the theory and function of a well designed EPOS software system. The video series will expand into an authorative overview of every aspect of an EPOS system, and we hope that this will be a valuable resource for all.

EPOS Software : Video introduction to back office functions

Mon, 23 Mar 2009 17:08:00 GMT

Here is the first in a series of videos done by our very own David Mackley showing how a well designed EPOS system back office should work.

The series of videos will show first principles and design features of a well designed EPOS system, and will be showcased on YouTube as well as right here on the Intelligent Retail blog.

Enjoy!

The value of stock turn for retailers

Fri, 20 Feb 2009 11:03:00 GMT

Stock turn indicates how quickly a retailer’s stock is sold and then reordered. A simplistic calculation is: Stock turn = Number of items sold ÷ Average stock level. For example. A retailer sells 10,000 items in a year, and on average holds 2,500 items at one time. 10,000 ÷ 2,500 = 4. Therefore the stock turn rate is 4. This means the retailer is carrying 3 months supply.

What is the value of knowing this? Well, there are three main reasons why successful retailers try and achieve the highest possible stock turn rate without having stock outages and disappointed customers.

Intelligent Retail helps retailers meet best practice guidelines

Fri, 20 Feb 2009 06:11:00 GMT

The BERR’s "Productivity in the Retail Sector" Report describes how best practice in retail is about increasing productivity. Productivity is the measure of making more profit from the same resources. The bottom line is that improvements in productivity will improve your profitability. And there appears to be room for improvement as recent figures from the Institute for Fiscal Studies showing that retail productivity in the UK has reduced significantly against the US since the 1990’s.

How to choose the right EPoS software (five top tips)

Thu, 12 Feb 2009 07:04:00 GMT

So, how on earth do you find EPoS software that will suit your business and deliver true benefit? Here’s a guide to help.

1. Choose an EPoS partner not a supplier.
Head and shoulders the number one priority is to find a partner you are comfortable with. This is not like buying a television from Comet. It will not be a one-off transaction, you are actually selecting an IT partner for your business. A good partnership should result in your IT partner being available to advise on how different technologies can further improve your business.

In leaner times its time to be proactive, how EPoS software can help

Sat, 17 Jan 2009 19:34:00 GMT

With little growth forecast for 2009 we can expect tougher times on the high street. So what is an independent retailer to do? One approach is to batten down the hatches and hope the cold winds of recession will pass over keeping fingers crossed for survival. An alternative, more proactive approach is to use this time to make the business stronger, more efficient and better equipped to deal with the changing competitive climate in the years to come.