EPOS Direct UK

Online retail stores have revolutionized the way people buy goods and services. Online shopping is becoming more popular because you can buy products from the comfort of your home or anywhere you have an internet connection. This type of shopping has some benefits you may not have thought of. Here are a few listed below: 1. Convenience Online retail stores offer the convenience of shopping anytime, anywhere. There is no need to physically go to a store to buy a product. Consumers save time and effort by not having to drive to the store, find a parking space (which costs more), and fight in a crowded area. Online shopping allows you to easily find the products you need, add them to your shopping cart, and check out with just a few clicks. 2. Greater Selection Online retailers usually offer a wider selection of products compared to traditional brick-and-mortar stores. This is because online retailing is not limited by physical space and can therefore offer a much larger...

Point-of-Sale (POS) systems have revolutionised the way businesses operate, particularly in retail and hospitality. Beyond their primary function of processing transactions, POS systems offer a wealth of data that can be invaluable for business insights and optimisation. Core Metrics Monitored by Epos Systems Sales Data: ·          Total Sales: This metric provides a snapshot of overall revenue generated. ·          Average Transaction Value (ATV): It measures the average amount spent per transaction. ·          Item-Level Sales: This data reveals the popularity and profitability of individual products or services. ·          Sales by Category: The analysis helps identify the best-performing product categories. ·          Sales by Employee: This metric can assess employe...

Inventory management is the actual planning of purchasing, storing and selling goods, be it raw materials, parts or finished goods, to ensure that the correct type and quantity of goods are available without holding excess goods and holding up cash. When used correctly, inventory control can save businesses money.  Purpose of Inventory Management? The purpose of inventory management is to ensure that there are enough goods or materials to meet demand without creating excess or overstocked inventory. What Are The Benefits Of Inventory Management? Accurate inventory management is key to running a successful product business. Regular inventory tracking helps prevent stock errors and other issues. Inventory management provides the following benefits: Improved Inventory Accuracy: Having solid inventory management allows you to know what you have in stock and order only the amount needed to meet demand. Reduced Risk of Overselling: Inventory management helps you track w...

Inventory management is essential for businesses that deal with large volumes of products. Without a system like SKU numbers, inventory management becomes chaotic. It leads to order fulfillment issues, lost sales, and dissatisfied customers. It wastes time and can damage a company's reputation.  SKU numbers are an easy way of identification and inventory management. They help retailers find products in the shortest possible time. They ensure consistency in stock placement and further categorise products based on their characteristics. If you have an E-commerce website or a brick-and-mortar store, SKU numbers can make your life much easier and process orders faster. Let us learn what SKU numbers are, how to create them, and how to use them effectively when managing inventory. What is a Stock Keeping Unit (SKU)?  A Stock Keeping Unit (SKU) is a scannable code that retailers use to track specific products. In other words, each item in your inventory management system has a un...

The growing business world today is increasingly complex and diverse. To better understand the general aspects of retail and product distribution, it is important to differentiate between wholesale and retail. But what is the difference between retail and wholesale?  Retail marketing refers to selling small products to end customers, while wholesale marketing refers to selling large products to other retailers. Definition of retail and wholesale trade  Retail trade and wholesale trade are complementary activities in the supply and distribution chain, which cater to the needs of the market. Retail marketing targets end customers directly and offers small products in retail stores, while wholesale marketing is usually focused on selling products to other customers. In retail marketing, products and services are sold to the public. There is a wide variety of retailers here, from department stores and car dealers to small independent shops. Wholesale trade, on the other ...