Who knew that a retailer's once-valuable and appropriate point-of-sale system would become as useless as an recent, antiquated typewriter? And then curse the day they got it? It happens. And worse, it keeps them operating at lower standards than different retailers who have stepped up to raised technology.
Technology continuously changes the means we tend to work and the approach our business works. It isn't just concerning performing our business functions higher either. It is also about servicing the requirements of our customers better. And it takes nowadays's retail technology advances to help achieve this as a result of it didn't exist cohesively before.
Thus, possibilities are, you need to vary your current system.
In an exceedingly recent retail chains study by Retail Technologies Inc., it had been found that 52% of mid-sized retailers stated that one in all their biggest challenges was maintaining with changing new technology; 46% of larger retailers additionally faced issues making an attempt to stay up with technology changes.
Alicia Kreisberg, Chief Operating Officer and co-owner of One Step Knowledge, states, "In the pc software and hardware industry, developments move at an exponential rate, with software/hardware life expectations averaging solely two-four years."
The retail service and technology provider company's primary objective, in line with Kreisberg, is to make sure the success of their customers. "One in all the items that will guarantee you get the best results is staying current with the newest system advancements. You do not wish the very factor that is serving to make your business more profitable to stay you from any expansion."
Keeping up with changing retail technology may be a expensive investment, as retailers would like to possess current technology keep current. There is often lack of flexibility to implement new changes, and usually it is very time-intensive to integrate the new technology therefore everything works. And, would like I mention the difficulties training staff on a new system?
These sound like daunting problems, however what several retailers haven't realized nonetheless is that it is costing them more money to keep their antiquated systems than it is to induce a brand new system that's flexible enough to fulfill their wants and growth.
In the means that we tend to try to optimize and streamline our company's response to a situation at hand physically, we have a tendency to should concentrate on doing the identical with the technology we have a tendency to choose. By automating retail processes, it streamlines retail operations and ends up in:
* Smarter business choices
* Higher inventory control
* Minimize retail fraud
* Client loyalty
* Increased profits
Now, these are not simply nice things to have - they're very important to our growth potential.
This leads us back to the question at hand: Does your system grow as you grow?
If you know you wish to alter and are prepared to require the leap, there is one thing else you would like to grasp: you probably need help.
Retailers will encounter many issues as they attempt to research or introduce new software technology if they attempt to try and do this on their own. Witless of the various retail software options is one in all the larger barriers to changing to a new system.
All too usually retail software's apparent complexities lead retailers toward generic or "off the shelf" systems that will not meet their needs. Even several accounting companies and software homes do not have full information of retailing, and thus not qualified enough to suggest the right technology solution.
The safest means to go about finding the right solution for you is to contact the services of a specialized retail technology expert who can be ready to help you establish, evaluate and implement a replacement technology suited to your business and business needs. A retail technology partner may be a key business tool for retailers and should not be taken gently in their usefulness.
Author Resource:
Howard has been writing articles online for nearly 2 years now. Not only does this author specialize in Retail, you can also check out his latest website about:
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