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Point of Sale (POS) Systems –

Why You Need Data

The following is from Bill Scott in his Retail is Detail book:

By Lee Barter

By David Dougherty

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“So 10-15 per cent of your stock is dead, 30 per cent is making you a profit, and who really knows what’s going on with the other 2,200 items? You need to go through your store, pick up each little item and shout “what in the hell have you done for me today?” I’ll bet you’ve got $50,000 worth of junk in every store that doesn’t need to be there. Can you really afford to keep caring for it anymore? Non-selling stock is responsible for over 50 per cent of your cost. It would serve you better in a big hole in the ground behind your store.”

So how does the above effect the point of sale system that you are using or considering to purchase?

 

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