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5 Tips On How To Keep Accurate Count Of Your Inventory

It’s sometimes shocking when, after putting in so much work to make sure you have the correct inventory count, it still isn’t accurate. It starts making you question your employees, theft, or some other events that could’ve occurred under your nose. If you’re a business owner that gets frustrated with this occurrence, have no fear. We have 5 valuable tips on keeping your inventory count accurate at all times.

Start a fresh inventory count on your products that are popular and miscounted

This one is simple and straight to the point. Do a fresh inventory count on your most popular items and the items that seem to get miscounted all the time. This will allow you to have a starting point and a grasp of your most popular items and how it performs throughout a week’s time. Businesses like liquor stores have tens of thousands of SKUs. So having a starting point will be critical in gaining control of your inventory. Then you can proceed to move on down the list to re-capture your full inventory.

Run inventory count frequently

Inventory count should be monitored on a frequent basis. Even if you notice that your inventory count is fairly accurate, there’s nothing wrong with a simple re-count. Events out of your control occur from time to time. Having the latest accurate inventory count cam come in handy during those situations.

We suggest that inventory be counted on a weekly basis. This will strengthen the grasp on your business and gain a better picture to how overall sales are doing.

Make sure there isn’t a flaw with your POS transaction process

Some business owners lose count of their inventory due to flaws in their current point of sale system. The low quality POS systems will sometimes not scan properly and leave an item out of a ticket, which ultimately is the same thing as giving away a product. This will also result in your inventory count being inaccurate. If no one were to catch this, it can become a dangerous and costly mistake. So to fix this issue, you must go with a POS provider like iConnect that provides a tremendous transaction experience. It also has a flawless front end displays that provides items with images which will help employers and employees with an error free experience. Quality POS systems are also good for powering multi-location business. Systems like iConnect are connected to the cloud which relays messages to the other stores in your business.

Pictures to items

Mentioned above, iConnect offers pictures to items as icons on the screen. This allows you to make sure that you’ve rung up the customer accurately without mistakes. The pictured icons will verify that you have the right item for your customer and allow you to keep your inventory count straight.

Use an inventory scanner

Companies like iConnect offer SKU inventory scanners that allow you to scan in bulk. This modern technology saves hours out of the day of having to manually count items. It’s also quite accurate. So you don’t have to waste tremendous time trying to keep count accurate on a weekly basis. With a simple swipe towards the products at your store the scanner will document and relay the count to the POS system.

So when you are looking to keep accurate inventory count in the future make sure that you look through these 5 quick tips. It’s quite vital to the company to always have your inventory aligned.

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How To Set Up Early Preparations For The Next Holiday Event

The 2017 calendar year has just started but it’s not too early to start prepping your business for the next upcoming holiday. There’s many opportunities that companies fail to see early on due to constraints in ideas, marketing, and budget. Here’s a quick guide on how you can fix that issue and get your business ready ahead of time.

Recognize which holiday you can revolve your business around

Whether your business is old or new, you provide a product and/or item that can be marketed around a certain holiday, especially the holidays towards the end of the year. Floral businesses flourish during holidays such as Valentines Day, Mother’s Day, Father’s Day, and etc. Toy stores gain a lot of business during holidays such as Christmas and Black Friday. But what about retailers with specialty items such as razors or miscellaneous gadgets? Well, there’s an answer for that.

If your business, say for instance, sells razors, you can market that around multiple holidays and launch creative campaigns. You just have to put a twist on it.

Example: Is your man too scruffy to kiss around the holidays? Well, we got the perfect solution for that at “Blank” store located at “Blank.”

These types of campaigns are so easy to launch now on social media. You can hyper target your audience to get the most effective penny out of the dollar on platforms such as Facebook. Also, you can subconsciously expose your audience towards your product and item by branding the holiday theme around promoting the specified product at your place of business.

Also, talk to your customers about the upcoming holiday. Many customers forget and with a simple reminder, you can raise awareness to that special day. And as mentioned previously, the holiday doesn’t need to be as big as Christmas. Below is the full list of federally recognized holidays in order:

2017 Federal Holidays
  • New Year’s Day
    January 2*
    Monday
  • Martin Luther King, Jr. Day
    January 16
    Monday
  • George Washington’s Birthday
    February 20*
    Monday
  • Memorial Day
    May 29
    Monday
  • Independence Day
    July 4
    Tuesday
  • Labor Day
    September 4
    Monday
  • Columbus Day
    October 9
    Monday
  • Veterans Day
    November 10*
    Friday
  • Thanksgiving Day
    November 23
    Thursday
  • Christmas Day
    December 25
    Monday

And these are only the Federally recognized holidays. It doesn’t include the socially accepted holidays such as Valentines Day. There’s days out there revolving around religion, different countries, and even food. There’s actually a national burger day here in America which is May 28th! So essentially, all you have to do is research the day and find the one that fits your business. Then build a creative campaign around the products you’d like to push.

Choose the right products to build the holiday around

There are products out there that wont go too well with certain holidays. For instance, don’t try to sell a meat dish during World Vegan Day (maybe it’ll work as an anti-vegan movement for those meat lovers). If you do, be prepared to feel some backlash from the vegan community. Don’t be insensitive during religious holidays or an awareness month like October which promotes the fight against breast cancer. That’s bad practice and can definitely lose customers. Revolve your business planning ideas around things that make sense.

Overall, owners and retailers can make all the excuses in the world to not promote their products and business. But with some creativity and ingenuity, marketing your products ahead of a certain holiday will definitely help grow your business. Pre-plan and execute this year!

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A Guide On How To Make Your Retail Business A Little Easier To Operate For New Entrepreneurs

Operating a retail business can some times be pretty daunting, especially if you’re new to the industry. You must have great products that customers enjoy and display it in a manner where they can easily get to the items. Being a new retail business owner will also require great knowledge in accounting, reporting, and management of products and SKUs. While all of that can start to get complex and intimidating, there’s ways to simplifying those tasks.

In the new age of entrepreneurship, technology and software that include features such as inventory management, data reporting, analytics, and scheduling will be your greatest friend. The old days of hand written reports and notes are gone and the new day in age is upon us where we’re given the opportunity to track our business online and through the Cloud.

Running your business through a smart point of sale solution will open up a new world for young entrepreneurs. People sometimes dismiss POS systems as simple register software and don’t understand the importance of the technology. The new systems actively keep track of your inventory and sales to create smart reports for your business. You’ll have access to inventory tracking of products at your store, knowledge to what items have been selling at certain times throughout the week, keep track of employee’s hours, and even have access to EOD (End Of Day) reports for accounting purposes. And that’s only the beginning of what smart POS systems like iConnect can provide for a young retail business.

Entrepreneurs are usually hard workers but have a tendency to overwork themselves with multiple programs rather than simplifying it to one solution. Having a platform where it automates the heavy work and saves you more time will allow you to invest your focus in other aspects of the business.

If you want to learn more about what a POS system can do for your retail business, feel free to reach out to us.

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Finding The Right Franchise POS System

Many companies are currently on the hunt for the right Franchise POS system. The current market requires franchise companies to become smarter and more efficient in running a business. You might require specific data reporting, inventory management, automated checkout systems, intuitive register processing, and even business intelligence. iConnect has recognized the pain points of growing a franchise through working with some of the largest successful franchises in the nation. So we’ve developed some of the most powerful features that a franchise POS system can offer.

The first big feature that many franchises require is the smart reporting. When it comes to reports, employers want and need data in a specific format. So we included hundreds of different reports that your business can choose from. This makes it a lot easier for franchise owners to understand their business in-depth and pin point where they need to focus on when it comes to their store. Many multi-unit stores still use POS systems to a minimalistic sense when they need to be utilizing the incoming smart data. Technology makes data a lot more powerful and useful for your business and can help push sales on products that might’ve been slow to move. It also helps identify strengths that you might’ve missed.

Inventory management has also been a keen point for growing franchises. With the use of some of the finest technology, iConnect has created a simple feature where every item can be easily tracked and maintained without the hassle of manually counting. The featured technology was created to help assist employees and help improve efficiency at a store location. In combination of iConnect’s SKU scanner, items can be counted at a rapid pace.

Multi-location companies and franchises have also been coming to iConnect for self checkout kiosk solutions. Many are looking towards the future and understand that automation is becoming a big factor. With the use of self-automation, you don’t have to worry about human error. It also helps mitigate the linear customer service and create balance to how all customers are treated equal at your company.

The front-end checkout system for iConnect is unparalleled to any system out there. With the beautiful design and customizable colors, it blends perfectly with any theme. The icons and images displayed for the products also make it easy to find items. We’ve gathered the feedback from franchise companies and have developed a front-end display that works perfectly in any environment.

iConnect is also on the journey to create the perfect business intelligence system that’ll help your company predict future sales. With big data, it’ll help judge when items should be sold and what items will do good throughout a season. Big data will play a big role in the future and iConnect will have your multi-location business covered. Our team is dedicated in your success so reach out to us and learn why so many businesses are turning to iConnect’s franchise POS system. There’s many benefits that your business will see.

 

 

 

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The All New Kiosk POS System

Kiosk POS systems are being deployed all over the country at some of the biggest franchise restaurants including McDonalds. Many companies have found that Kiosk POS systems are more cost effective than hiring employees to run their daily operations. There are also additional benefits that these companies are finding with the use of a self-service checkout system.

Constant Level of Service

The level of service with the use of self-checkout kiosk POS systems will be constant. Automated systems provide the same constant service to any customer whether their shape, color, or size. There will be no bias when it comes to serving your customers at your restaurant. But having employees can sometimes cause confrontations and negative experiences. Every employee is different, whether they’ve been trained for 10 or 100 hours. They’ll have different attitudes and different responses dependent on the customer. Kiosk POS systems will maintain the level of service and have a generous attitude for your customers.

Honest Transactions

Humans are prone to making errors. We make mistakes all the time and have a hard time staying “perfect” in any reference. When we go through our daily routines, some practices become so automated in our heads that we forget to double check. There is a specific term called, “Technique For Human Error Rate Prediction” (THERP) which takes into account the probability of a human error occurring throughout the completion of a specific task. When employees take actions such as accepting cash payments or entering in a credit amount, there is always a room for error. That’s why some businesses even have the strike rule to control the level of THERP happening at businesses.

Another problematic thing that employers face is theft. From time-to-time employees can take the dishonest action and steal from a store location which affects time, trust, and the process of replacing an employee. Kiosk POS systems will allow all of that to be properly maintained and relieve employers from that stress. Automated systems won’t have the capabilities to steal or make human errors. iConnect’s Kiosk POS system is designed to maintain the highest level of qualities when it comes to processing and transactions.

Kiosk systems such as iConnect’s is also trustworthy. Trust comes at a high price as many factors determine the quality of employee. One of them is pay. Most workers in the food service industry are paid hourly plus tips. If they aren’t happy with the amount they are making, there’s room for distance to grow between the level of employees. Kiosk POS systems are just a 1 time pay where it’ll maintain the level of trust for you. There are no emotions involved between the owner of a restaurant and an automated POS system.

This is why many business owners are turning to automated Kiosk POS systems that create a linear standard for service. They won’t make human error, will provide a constant level of service, and create honest transactions with the customers. If you’re curious to learn more about Kiosk POS systems, simply reach out to one of our team members to learn more.

 

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How To Improve Your Business With A Smart Retail POS System For Your Business

Through many circumstances, POS systems can be brushed under the rug as a “non-important” factor to a business. Many believe that point of sale systems are simply a solution to create transactions. But that is not the case. In today’s society, data has become a big denominator in improving efficiency when it comes to business. Retail POS solutions such as iConnect have created internal infrastructures that create smart analytics and data that can help improve sales.

With iConnect’s retail POS solution, you can log in to the back end of the system and find valuable information to your business that you might’ve never seen before. Different reports will provide you with information such as the hottest selling items during a certain time period or when some products aren’t moving as quickly as you wish.

 

Reports, Sales Management, Back office management Point of Sale POS system

There are other reports that take inventory into consideration such as when to re-order products or data that helps you identify which products need to be moved around in the store to help sell more. In today’s retailing world, your business must become smarter and more efficient. Items need to be changed around and problems must be identified in order for your business to sell more.

iConnect also provides retail businesses an outlet to become mobile. With the state of the art POS solution you can check your business on the go. iConnect has a highly functioning Cloud based system that allows your business to be accessed 24/7 from anywhere in the world (as long as you have internet connection). This way, when you are on travel or at home, you can log in to your business and see how it’s performing on a day-to-day basis.

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Another amazing thing about iConnect’s retail POS solution is the fact that it makes things a lot more easier. When it comes to ringing up your customers, the POS system scans and recognizes every product to where things are easily recognizable. The icons on the screen allow your employees to easily recognize particular items and help identify it for accuracy. Humans make errors from time-to-time and this allows your employees to double check for accuracy. Also, you are able to instantly access a sale remotely after syncing the system.

Today’s retail POS systems aren’t just a simple transaction machine. It’s actually more. It provides you with smart data and access listed above that can help improve efficiency and sales at your store. Many franchise and corporate businesses have been turning to iConnect for this reason. At technology improves, so do POS companies such as iConnect. Find out more on how iConnect can help improve your retail business today.

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The Best Franchise POS System In 2017

Next year in 2017 we’ll be seeing a lot of changes to the POS industry. One thing to keep in mind is the growth of the Cloud platform and the advancements in technology. We’ve constantly been seeing growth in the market for point of sale but next year will be far more advanced than any of the previous years.

iConnect has developed many ways to fulfill franchise retail business and corporation needs with the plethora of features available today. But next year, iConnect strives to do something never seen before in the point of sale industry. It’ll be able to truly connect businesses with a powerful BI (business intelligence) reporting system that’ll create tremendous impact in sales. Numbers and data are the leading factors in today’s society to improve efficiency. iConnect understands this issue and will truly be able to empower businesses to sell more with smart analytics to the hottest products and services.

iConnect will also be rolling out a restaurant app that makes life easier for the dining industry. Eateries will have access to a smart functional system that can help coordinate sitting and dining experiences for your workers and customers alike. We’ve seen the pain points of F&B businesses and with this new application, restaurants will be armed with technology of tomorrow.

We hope you’ve had a successful year thus far and let’s have a better year in 2017! Happy Holidays from the iConnect family to yours.

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The World Of Modern POS In 2017

2016 has been a ground breaking year in the POS industry. The fin-tech world has taken strides to improve how we conduct business and handle encrypted transactions. Many improvements were required such as becoming EMV ready and encrypting our most used method of transactions (credit card). And while 2016 was a memorable year, 2017 looks to get even better. Here are the list of ways you’ll be seeing retailers, restaurants and service businesses shape shift in to the future.

Automation

Automation is big. Real big. If you haven’t noticed already, business owners are stuck in a place where state and federal wages are increasing dramatically. And to keep the cost of goods at a competitive level, many restaurants such as McDonald’s have been turning to a self-automated work force with alternatives such as self-checkout kiosks. While there is an upfront cost, these business owners now have a kiosk system that can fulfill the duties of handling orders and transactions without the worry of wage increases. And McDonald’s won’t be the only company turning to this new POS improvement. We are starting to notice these trends at sit down restaurants and retailers.

If you visit Red Robins and Chili’s, you’ll notice that there’s self-checkout kiosks at every table and booth. This allows for people to order and pay for meals right at the table without the need of waiters and waitresses. While they do still employee traditional blue collar workers, Chili’s and Red Robins have implemented a method where they can start transitioning out unneeded help if required.

The eCommerce Boom

This Black Friday, sales hit $3 billion dollars online. That was a 300% increase through online shopping from the previous year. eCommerce has become the destination for virtual shoppers to purchase goods and products from the comfort of their homes. And while store fronts are still the mainstream way of shopping, the eCommerce platform isn’t too far behind. Companies like Amazon has pushed the virtual shopping frontier to the point that Wal-Mart now has to compete with the online giant through their eCommerce platform. They’ve shut down hundreds of store front locations around the U.S. and are gearing up to take their business online.

We’re also seeing many creative entrepreneurs start their business through an online shopping platform. eCommerce has a lot less upfront costs and can still create a way of attraction to their goods through the power of online advertising and social media.

The Cloud POS Frontier

The most impactful difference that 2017 business owners will see is the main stream transition to the cloud. The majority of business owners who use POS are still running on legacy systems. Their use of stand-alone systems makes them vulnerable to data wipes and system hacks. So, many corporations and business owners are turning to the convenient use of encrypted Cloud technology which will provide them with continuous back-up to their critical sales and product data.

This newer technology also allows them to pull reports on the go. Businesses can be analyzed on the fly and won’t require someone to be present at the physical store front location. Cloud POS technology provides convenience, efficiency and greater time savings. If you’re a business owner wanting to make change for 2017, reach out us. Let us help you make the right decisions to improve your business with any of these listed technologies.

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