Retail Point of Sale Systems Assist in Management

Organizations like the National Retail Federation and the Retail Industry Leaders Association have provided statistics on consumer shopping behaviors, major holiday shopping season predictions and the total revenues retailers generated over certain periods of time. For example, the National Retail Federation has predicted that, “Retailers would see a 3.9 percent increase in sales, and hire an additional 720,000 to 780,000 employees this holiday season.”

 

These statistics are made possible because retailers use cash management systems like complete pos system retail tools. Complete pos system retail tools operate with traditional, digital and elaborate tracking tools. For example, retailers use traditional cash registers and point of sale systems to record the date and time customers purchase items from them.

 

Complete pos system retail and traditional cash registers also record and track how many quantities of each item was purchased. WalMart may have one of the most elaborate point of sale systems in the retail industry. The retailer has one of the best systems because it spent millions on the system, linking each of its stores and regional warehouses, so managers would know when (and how many) of each product to order.

 

This kept WalMart from overstocking products. Smaller businesses may not have enough expendable income to build or install as elaborate or as complete pos system retail network throughout their stores and warehouses. However, there are cash management systems they could use to record and track customer purchasing behaviors.

 

For example, NCR Counterpoint offers a complete pos retail system that can be used to manage customer loyalty programs, automate purchasing and make it possible for cashiers to check out customer purchases using a touch screen. Reporting capabilities the systems are built with include detailing which store locations experience sales increases and when and which products perform best during summer sales.

 

Retailers rely on complete pos system retail tools to password protect ticket entries, secure gift card solution programs, manage customer sales and track special orders. They also use the systems to manage layaway programs and transfer products from overly stocked warehouses to warehouses near stores that are low on stock or that have completely run out of stock.

 

However, as with other forms of technology like websites, social media networks and call center services, depending on point of sale systems too much could produce negative results. For example, retailers who rely on point of sale systems too much could start to reduce their marketing and advertising efforts.

 

A similar practice happened a few years ago with businesses that relied too heavily on the fact that they had built a robust website. These companies assumed that by having a website they would attract new customers and keep the attention of current customers.

 

By the time some of these businesses realized the error of their ways, they’d already lost 10% or more of their customers. The bottom line is that even the best technological tools, including elaborate point of sale systems, don’t eliminate the need for retailers to contact current and prospective customers, alerting them to sales, discounts, mergers, acquisitions and other business changes.

 

Sources:

https://www.counterpointpos.com/retail-pos-software.htm

http://www.nrf.com/modules.php?name=News&sp_id=841

Moving On: 5 Ways You Can Protect Yourself and Your Family During a Messy Divorce

A.C.O.D. (2013) trailer -- Pictured: Adam Scott (Screengrab)Protecting yourself and your family while you and your spouse are going through a difficult divorce is of paramount importance; legal difficulties that ensue from hurt feelings, fights over money, and custody battles can cause problems for years. Here are some typical scenarios that take place during messy divorces and tips for preventing them.

 

Domestic Violence Accusations

Domestic violence charges could result in a restraining orders and custody problems, and they could tarnish your reputation in your community and workplace. You will need to hire a highly-competent Escondido defense attorney to fight these accusations. Help your criminal defense attorney defend you by meeting your estranged spouse only in public locations and keep detailed notes on all interactions. It may even help to bring a secret voice recorder to all of your meetings, which will help to protect you from false accusations, and may even catch the other person exhibiting a reckless and improper behavior. Control your temper and avoid sending inflammatory emails or texts or leaving angry messages on voicemail that could be used against you in court. Maintain a diplomatic attitude in interactions with your spouse and refuse to be drawn into emotional discussions without your attorney present.

 

Loss of Personal Property

Angry spouses often take or even destroy their ex’s personal property. Be sure to consult with your attorney about marital property and follow your lawyer’s instructions carefully. If your spouse removes or damages any of your possessions, make a list of the affected item(s) and the actions taken by your ex. If possible, attach photos and copies of insurance records or anything else that illustrates the value of the property to your notes. Provide all documentation of loss of personal property to your attorney, but do not confront your estranged spouse about the damage yourself. It is best to let your lawyer take the necessary legal action to protect the rest of your possessions.

 

Failure to Comply with Court-Ordered Custody

Unfortunately, it is very common for divorcing couples to use the children against one another. This is excruciatingly painful for the children and can cause lasting emotional damage. It could also affect the settlement terms of the divorce as well as future custodial determinations. Resist the urge to involve your children in the divorce and ask your spouse to do the same (if you and your spouse are not speaking, make this request through your attorney). Ask your lawyer for specific advice on how to make proper custodial hand-offs, how to handle holidays and birthdays, and documenting interactions with your ex about the children, and even about your communication with your children about the divorce, if necessary.

 

Loss of Future Income

Suing for alimony and attorney’s fees is common in divorces. Your spouse may quit working, hide assets, or make other attempts to reduce their income in an effort to gain a more sizable share of your salary in the settlement and in the future. The divorce settlement is not always the final determinant of how income will be shared by divorcing spouses, and additional court battles may be inevitable. Follow your attorney’s advice concerning financial matters very carefully. Try not to make career changes during your divorce proceedings without first consulting your lawyer.

 

Emotional Problems for Yourself and Your Family

Divorce is traumatic, and families can suffer from its repercussions for many years. You may want to invest in professional counseling for yourself and/or your children, particularly if you are planning to move on quickly with a new romantic partner. The amount of change this entails will affect everyone, and you will want to give your new life the best beginning possible. It is also a good idea to move a reasonable distance away from your spouse, which will prevent conflicts that might result from randomly seeing each other in public locations. This can be extremely distressful if the stress with with another person during these times. Move far away enough that you will never end up going to the same places as your ex, but still close enough that you can easily handle exchanges of your children and visits.

 

Divorce is often a necessary, though difficult, part of moving on to a new and better life. These tips will help you protect yourself and your family during this tough process and ensure that you all begin a journey towards happiness and health.