EPOS stands for Electronic Point of Sale. An EPOS system books stock and tracks it from supplier order to warehouse, to branch or even between branches and then records its sale to the end user. It enables you to find out how many of any given item you currently have in stock, what profit you made on it and the total value of your stock holdings. At SRS Retail Solutions we provide EPOS Software and Hardware comprising of efficient solutions matching your business needs.
Benefits of EPOS Systems:
The installation of an EPOS System will just not improve the general administrative efficiency of a business; it will make a positive and substantial contribution to increased sales turnover, lower stock levels and gross profit. The extent to which each business benefits from an EPOS system installation will vary, depending on the level of turnover,the effectiveness of the existing manual controls, and to what level the facilities of the EPOS system are utilised.
However, many years experience in retail business has proven to us and more importantly to our customers, that the performance of a business will improve in the following financial areas:
- Increased value of over the counter sales
- Lower investment in over the counter stocks
- Increased gross margin
And in other areas:
- lower stock levels
- reduction in theft and shrinkage
- saving of annual stock valuation fee
- reduction of branch spending with direct suppliers