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14 Point of Sale Systems for Small Businesses in 2023

Small Biz Trends

A point-of-sale system is one of the best tools for small businesses looking to accept payments. Point-of-sale systems enable business owners to be more agile with their payment processing and forego using the cash drawer. What Is a Point of Sale POS System? Best Overall Point of Sale Systems.

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Guarding the Retail Fortress: Cybersecurity Challenges and Network Interruption Risks

Retail TouchPoints

The Evolving Threat Landscape Retailers increasingly rely on digital platforms for sales, inventory management and customer engagement. A network outage can mean lost sales in the short term, as shoppers simply move to another brand for that purchase, or losses in the long term if that customer does not return.

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How the Store of the Future will Track Shopper Behavior Ecommerce-Style

Retail TouchPoints

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. PVH x RetailNext and MarketDial PVH Corp.

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Laying the Operational Foundation for Autonomous Stores

Retail TouchPoints

In its report, Transforming Operations Management For A Digital World , McKinsey discusses a bank’s investment in digitization and the operational changes required to succeed. Turning Insights into Action The first step is to establish an internal task force comprised of technology, business, finance and operations representatives.

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10 Finance Tips All Retailers Should Follow

Retail Next

If you aren’t good with finances or are simply strapped for time, hire a bookkeeper to track your finances. Invest in a Point-of-Sale (POS) System. That means maintaining financial records through an accounting software program. However, that doesn’t mean you shouldn’t be looking at the books yourself.

Finance 59
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The Best Mother’s Day Gift for Mompreneurs

Retail Smart Guys

Inventory Management: Keeping track of inventory levels, managing orders, and processing returns can be time-consuming and requires much attention to detail. Managing Employees: Independent retailers with employees must hire great staff, provide training and support, and ensure that they perform their duties effectively.

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Tackling rising returns: how to improve efficiency while enhancing customer experience

Retail Gazette

Advanced Supply Chain (ASC) polled 100 UK retailers, with 63% reporting a rise in the number of goods being returned during the last year, which they attribute largely to the squeeze on consumer finances.