While surfing the fashion software demo site, I began to wonder how many fashion companies have failed due to the lack of an integrated POS system in their businesses. It is difficult to imagine a successful fashion label these days that doesn’t have some sort of inventory management and POS solution.
Similar to my previous post on E-Commerce, a POS system also has its advantages when it comes to running a retail business.
With a large amount of staff managing sales and an increasingly fast retail environment where several transactions can occur simultaneously, an efficient system that records sales and automatically updates inventory figures in the back-end has become invaluable to any physical and/or online fashion business, which is what the POS side of a software manages.
Benefits that can result from having a proper POS system include: control of inventory and sales figures, managing discounts with applicable items, ensuring a connection between stock at multiple locations of the same company, and more efficient use of time and personnel.
In the fashion industry especially, the difference between having a POS system and not having one can mean the success of one fashion company and failure of another that offers a very similar product. This is why fashion software such as that of Niche is very much sought after, since it provides a POS solution specifically tailored to the fashion industry.
There are online demos that permit you to try using a POS management system if you are not already familiar with it. Check out the Niche demo site for a fashion-related POS experience: http://www.nicheweb.com.au