EFFECTIVE STRATEGIES THAT SAVE YOU MONEY AND TIME IN YOUR BUSINESS MANAGEMENT.
Most people love dancing, or at least watching others dance, with salsa being a favorite for many, with one step forward two steps back kind of motion. Unfortunately, this usually the fate and motion most businesses move in. We have all heard of the saying Go big or Go home, but how many of us actually apply it to our business in relation to its growth and vision and access if you are moving forward or backwards? Do you face challenges that make you question the realization of that 10 year vision you have come to be or was it just a dream, a mere fantasy of sorts.
In 2017 it was projected that the Kenyan economy would grow with a GDP of 6.4% with SMEs contributing to 3% of this. However, a recent National Economic Survey report by the Central Bank of Kenya (CBK) indicate that SMEs constitute 98 percent of all business in Kenya , creating 30 percent of the jobs annually as well as contribute 3 percent of the GDP.
So what could be the issue leading to this, and what can be done to help the very businesses that make such a big impact in both our GDP growth and that of our employment rate reach their greatest potentials and surpass their 5th and 10th anniversaries.
I would like you to close your eyes for just a moment and picture your business at its peak, having accomplished the goals and vision you have set for it right now. At this moment you are bigger and better and have grown so much investors are sorting after you to partner up and work together. Now everyone can see the vision you had a few years ago coming to life and the potential your company has of going to greater heights. Sounds amazing right? All this possible and will very much come to be a reality dependent on the next steps you take in the critical growth stage of your business and here are the secrets that ensure your business gets there.
Ever heard of the POS/point of sale system? Of course you have, its one of the technologies that have revolutionized the retail and wholesale world. This software has raised the bar up for the SMEs increasing their chances of growth and success in the future.
Let me give you a brief highlight of what you are missing out if you dint already have this system that helps you manage your sales stock and expenses with ease already.
1.POS Includes an Over All Inventory Management System
Stock management is critical for any business to grow and failure to manage it can be catastrophic for any business. Below are some of the amazing benefits of POS to your business.
- Stock management at ease
With traditional register, staffs have to physically view inventory while POS support them to automate checking stock on computer or you to check on your phone. Even any adjustment happened, staffs don’t have to check it manually but through a glance at the screen saving you time controlling stock for your business.
- Sends you alerts of low stock:
The beauty of this is that you can set in the system, in that it sends you alerts every time stock is below the set amount so that you never find yourself in a position where you do not have stock and have to disappoint and tell them you are customers you are out of that product.
Furthermore, POS can track the biggest sellers and re-order those products when the stock gets low.
- Alerts you of the expiring stock before time
The system is set in that it gives your warning of goods that are about to expire long before the expire as to avoid loss of profit to when they expire in your possession
- See Real-time Inventory Update
POS has this function while traditional one can’t do this. It will eliminate a costly hand count and time-consuming steps plus allow you to make better strategic financial decisions for your business’s future.
- View your sales and stock from anywhere
With a cloud based POS system you can be able to view your sales and stock from anywhere you are using your phone as the system can be linked to it. This really comes in handy to increase accountability of your staff and prevent theft and irregularities that lead to misunderstandings later on.
2. Faster Service than Traditional Cash Register
Instead of manually complete all checkout steps for customers, staffs now can use POS System integrated with other devices such as barcode scanner, Lipa na M-Pesa real time, printer and so on. They work well together, automatically and precisely. Therefore, it helps staffs reduce time-serving per transaction by completing payment procedure faster.
3. Simply Accounting Process
Old fashioned cash registers force you to hire accountants to sort through hundreds of receipts. However, POS will create and record its own once in the system for easier checking later.
4. Cut Down on Users Errors
By minimizing manual steps and times of re-entering data, POS can cut down on users’ errors.
5. Look Up Transaction in Past Easier
For example, if staffs wanted to know how much they had sold the day before or if a client wanted to return a certain good they bought, POS could give detailed information in a snap while traditional register took many hours of laborious work to find out the same answer. 
6. Use POS to Create elegant Purchase Order and invoice, Eliminating Extra Steps
When using POS, it’s quicker and more convenient to know when your store should create Order Purchase. Then, it makes sure that you never run out of hottest selling products. As well as generating amazing and elegant invoices for you clients.
7. Easier Tracking Staff Actions
Maybe you should know that POS System records any actions of staffs for later checking and staff payroll. Individual staff is linked to the specific transaction. Therefore, POS supports managers to identify a single individual with weak and strong sales figures. Thus, a spirit of healthy competition will be fostered well in your business
8. Provide complete & precise sales reports
By implementing a POS system, you can generate complete and accurate sales reports. The reports generated include; the number of products sold, bestselling product, profit margins, and many more. Through the system, you can minimize human errors that usually occur when entering sales data, so the resulting data is completely accurate
9. Maintain Price Consistency
If your business owns multiple branches in different locations, the problem of keep price consistency is worth considering. And POS, with its functions, could access to digital product database to amend products’ price as well as automatically apply across all business locations.
10. Strengthen Efficiency
Firstly, POS System levers staff’s confidence in many ways. They are not under the burden of memorizing price, the name of products anymore. POS system will show all products on to choose and add to cart easily with smart categories helping them precisely identify items they want.
11. Easy to install and maintain
POS systems and software is easy to learn. As POS developers and sellers, Robisearch will train staff and management on how to use the system. As well, POS software can be integrated into other applications so that all areas of business management can be viewed in one central place. It gives the user better control of the business. As well, technical support is only a phone call away.
We as Robisearch got you covered with the state of the art POS system suitable for retails and wholesalers both for liquor shops, pharmaceuticals, Agrovet, bar and restaurants, supermarkets and minimarts etc, with our system customizable to meet your every need and help you with all your business solutions.
Call us today for a free quote.
