Rising Costs Make Business Efficiency an Imperative

There’s no denying that businesses from every industry are feeling the challenge of rising costs. With no immediate end in sight it’s more important than ever for business processes to be running optimally to ensure continued growth. Here are three areas where the XSELL EPOS software helps you to streamline processes and so maximise your profits and reach.

Stock Management

Stock management is the cornerstone of business efficiency, and the right EPOS system can help you drill down into the detail and ensure optimal performance.

Stock balance - Good inventory management helps you work out exactly how much stock you need. This data means you can prevent product shortages leading to loss of revenue without tying up precious working capital with overstocking.

Product turnover – Keeping the right level of product turnover ensures your products aren’t spoiling, becoming obsolete or needlessly trying up capital. Our XSELL EPOS software calculates how many times your products sell so you can make informed decisions when planning the use of resources. It can also vastly reduce the amount of products you have to include on the end of season discounts rail.

Stock Tracking – For a multi-store business, or business with ecommerce websites, stock control is vital to ensure each location has the right amount of each product. The XSELL software provides an at-a-glance overview of all this essential data.

Supply & Demand - The XSELL supplier management database means you can maximise efficiency. Logging lead times, minimum and maximum order quantities, price breaks etc. You can easily set up the same product with various suppliers, depending on who is offering the best deal. XSELL dramatically reduces administration time as well as the financial implications of over and under purchasing.

Customers and Promotions

The percentages are different, depending on your industry and who you ask, but all studies agree that it costs less to retain a customer than acquire a new one.

With XSELL software, it’s easier to get the balance right. Effortlessly create promotional campaigns which won’t break the bank, to keep existing customers loyal whilst piquing the interest of potential new visitors.

Special offers/discounts – It’s easy to set up discounts on specific products, product ranges, or even store wide. Just input which products and the timeframe and the till will automatically apply the price changes. Multibuy options are also fully integrated into the XSELL software from simple BOGOF options to more complex offerings. It’s all only a few clicks away.

Voucher codes – Useful for up-selling to existing customers or encouraging new ones, including voucher codes in emails of marketing literature is an effective way to extend your reach and get your brand out there. The voucher codes feature is included as standard in the XSELL software suite.

Loyalty cards – A staple of any industry, loyalty schemes are a great way to retain customers and reward them for their return custom. The loyalty card scheme is a standard feature of the XSELL software suite.

Gift cards – An excellent and affordable method to attract current and new customers. Branded gift cards are a tried and tested way to increase sales, gain new customers and maximise brand awareness. Our gift card solution allows you to assign any value to the card and easily top up cards at the till.

Bringing it all together

The glue that binds all these features is the XSELL reporting suite. It is the hub allowing you to grow your business effectively.

The whole of the reporting suite is included as standard, and it allows you to drill down into every aspect of your sales.

Products - See what sells and when, so you can stock the right amount of each product, get rid of least successful lines, and pre-empt seasonal fluctuations.

Customers – Build accurate records of how your customers interact with your brand and what their buying habits are. This way you can create targeted marketing and promotions and be more likely to increase spend per head.

Suppliers – Get an overview of best supplier deals, best and worst sellers by supplier, levels of faulty stock etc, to ensure you are getting the best, most efficient service from all your suppliers.

Future-proof your business with XSELL; a flexible, scalable EPOS solution from POS LTD.
Optimise further with ecommerce, accounting and card payment integrations so you can concentrate on what you do best, and leave the rest to XSELL.

We offer free, no-obligation demos of the XSELL software features. Use the contact form to find out more, or call us on 01422 349083

Posted: 30-07-2024