Stock Forecasting and Management is Easier With Point of Sale Software

By using Point of Sale Software your business could save money as well as time. The Point of Sale Software can give you access to a wealth of information that helps you make better decisions and aid stock forecasting. Read on to find out how.

Manage your stock with sales information

Point of Sale Software logs all your sales and will subtract bought stock from your stock lists. This gives you an idea of when you are running low on goods so you can order in more and never run out. Most types of Point of Sale Software will let you set up automatically generated purchase orders to your suppliers, which helps stock management immensely. This can be especially helpful in cases where  some of your products sell quicker than you thought, and in turn it helps you forecast the popularity of certain product categories.

Adapt to your forecasts

Having access to all your sales logs allows you to make predictions on which items are going to sell better than others. Based on that information you can adjust the prices on popular products as well as slow movers to get them off the shelves.

The Point of Sale Software can also provide historical data which helps business owners identify sales trends, such as what time of year your customers are most active, what time of day, how they respond to changes in your shop etc. Determining which goods are the most popular during which periods of time can help you plan for busy periods and forecast necessary stock changes and orders.

The main purpose of Point of Sale Software if of course to make the point of sale process smoother and more efficient, but another important benefit of it is that it allows business owners to base their business decisions on tangible facts that are proven rather than guessing what will sell well. Your predictions will be far more realistic and your business could thrive as a result.

For more information on Point of Sale Software and how it can benefit your business call BCP Software on +44(0) 161 355 3000. Alternatively you can send an email to retail@bcpsoftware.com or complete our online contact form.