The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

POS software Insights Dashboard helps retailers focus on decisions for success

P

Retailers in local small business shops can feel alone sometimes when working on their business. They can sometimes get lost in a cave of thoughts without seeing a way out.

We thought about this and considered the thousands of different retailers in our POS software user community, and we developed the Insights Dashboard in our POS software, to deliver easy access to local small business retail insights that any retailer could leverage, regardless of size, location, specialty area or setting.

We wanted to ensure that what we delivered would be useful regardless of level of business management literacy and financial management literacy. We wanted to deliver the insights without the retailer having to seek them out. We wanted to genuinely add value to what a local small business retailer could gain from using our POS software.

So, via the Insights Dashboard in our POS software, we provide insights in business critical areas – with the insights delivered visually.

WHERE ARE WE TODAY 

Gives you a snapshot of the overall sales & liabilities as it stands today. This is a quick view of how you are doing right now.

WHAT’S NOT SELLING 

This gives you a visual understanding of what is not performing in your business.  Deadstock in any business is lost cash.  This report gives you the ability to make decisions on this underperforming stock whether it be discounting or other stock reductions strategies to unlock this lost cash.  

WHAT AM I MISSING OUT ON 

This give you a list of items that have sold out and potential missed opportunity. The visual sales history will assist in ensuring the right items are restocked to ensure future revenue is not missed out on.

WHAT SELLS WITH WHAT 

This gives you an insight to consumer basket analysis. Through this you will see exactly what stock items sell with other stock items and from this you will be able to leverage upsell opportunities, co-location and promotion opportunities.   This also shows the sold alone percentage so you can see item upsell efficiency.

IS THEFT AN ISSUE 

This provides a in-depth visual overview of all the retailer audit log records by reason, number of occurrences by time day. This will assist in identifying staff theft/training issues that may need to be addressed within the business.

WHEN ARE WE BUSIEST & QUIETEST 

This is a visual overview used to detect any quiet or peak times in your business by displaying over the week as well as detailed by hour.

The Insights Dashboard in the Tower Systems software is proving to be a winner for local small business retailers. The feedback has been wonderful, especially when people tell us their surprise at being guided to know more about their business than they could have known previously. This is a goal of our Insights Dashboard – showing retailers what they did not know.

By Mark
The POS Software Blog

Categories

Categories

Categories

Recent Comments

Monthly Archives