5 Features to Look for in a POS System for your Electronics Store
Electronics stores face a lot of challenges that other stores don’t. Sometimes, a tech company might make a surprise announcement of a new product, prompting you to scramble desperately to suppliers to get some stock. Other times, there might be fierce competition from other stores selling similar brands. There can also be multiple iterations of the same product, with only minor variations.
As such, the POS system you choose for your electronics store must be robust and tailor-made to suit your needs. It must be able to assist your staff when they take on the unique challenges they face in their day-to-day activities.
Let’s take a look at 5 features the right POS system for your electronic store should have.
1. A Flexible Inventory Management System
One of the most important things any electronic store needs is a powerful yet flexible inventory management system.
Tech products can be quite varied in the requirements to accurately catalogue and manage them. Sometimes, a product can have the same name and basic features but differs from each other in key variants. For instance, a USB drive that looks identical from one another, but differs based on the storage space it offers. Such products require a variant inventory system to properly manage them.
Another example is products such as smartphones, which have unique identifiable codes. These codes can be used to identify them in time of loss, damage, repair, replacement, or reselling. Such products need a serialized inventory system to properly manage them.
All of this clearly points to the fact that the POS system that you choose for your store must have an inventory management system that can manage multiple types of products. Otherwise, redundancies, mistakes, and loss of profits are the likely outcome.
2. Accurate and Timely Analytics
It would not be inaccurate to say that data is the bricks on which our entire modern age is built upon. Collecting, analyzing, interpreting, and making decisions off data has become commonplace in almost every level of society. And electronics shops, being most consumers gateway to this modern digital way of life, also need data. Or more specifically, they need data analytics.
Which products are selling well? Which products are being returned the most? Which products sell the worst on weekends? Which products do adults with children buy? How many iPhones have you sold in the last 2 months?
The answer to questions like these lie within the mountains of data any halfway decent POS system will gather over time. But data without analytics is just noise. So, the ideal POS system for your shop must be able to take all this information and process it for you in a way that makes it easy to read and understand. Additionally, it must also be able to generate various types of analytics that you might need.
The data analytics you get can help you decide the course of your entire business, leading to greater profits. It can also help create return customers, order the right products, and much more.
3. Cloud Technology and Mobility
A good POS system for your electronics store should be cloud-based. Whether it is through an app or the browser itself, your staff should be able to access the system, but not be burdened with managing servers and specialized hardware.
The biggest advantage this offers is the low cost of implementing and running the system. Large amounts of space in your store need not be wasted for server space or special hardware.
Additionally, cloud-based systems allow for a lot more mobility within the store, making it possible for your staff to engage the customers directly. This can greatly increase customer satisfaction.
4. Integration of Other Related Software
They say that no man is an island. Likewise, no general software can do everything as well as some specialized software.
For this reason, it is very important that the best POS system for your electronics store has the ability to integrate with other software. This can include finance software such as QuickBooks Online.
Such integration allows you to take existing software you use to manage your shop and nicely combine it with the new POS system you might be implementing. It ensures that there is continuity between what you used to do and what you do now. This can make the transition easier on the staff as well.
5. Extensive Customization
Customization is what allows you to take a default system or software and truly make it your own. Sometimes this can mean following your brand’s theming and colors. Other times, it can mean special features that your specific store needs.
The ability to take the base software and customize it to your specific needs goes a long way towards making a POS system useful to your electronics store. It can make a useful software or system even more useful for both you and your staff.
The needs of electronic stores are many and specific. POS systems need to be able to keep up with these needs in order to be useful to you and your staff. Luckily, there is a system that can do all that we’ve mentioned and more; Ewity.
Ewity is an easy-to-use, customizable, and feature-rich POS system that can take your electronics store into the modern digital age with ease. The flexibility of our inventory system, our analytics generation, our connection to the cloud, the ability to integrate your favorite eCommerce, accounting, or finance software, and the amount it can be customized makes it the perfect fit for your electronics store, whatever its needs may be.
So why don’t you come on down to our website and sign up for a Starter Package of Ewity. You can try it out for a set time, absolutely FREE OF CHARGE!
A modern electronics store has modern problems that require a modern solution. Ewity can be that solution.
Click here to see the difference our POS system can bring to your store!