Loss and theft is a loss for retailers. The profit margin per product is less. POS technology is a revolutionary breakthrough for retailers to enhance customer service and reduce shrinkage.
Retailers deal with a large amount of influx of inwards and outwards of products. Loss and theft are one of the biggest concerns for a retailer. It incurs a loss to the business. Retail business leaders are looking for ways to tackle the challenge of shrinkage. The best POS system will help to simplify this challenge for you.
Irrespective of what size or sector business you have, shrinkage is unavoidable. Loss and theft can happen at any level and quantity. Shrinkage is not only a result of internal or external loss and theft but also a result of damaged products. Your staff can make mistakes, consumers will steal, or any other loophole for loss. Every retail business leader or owner should have these questions:
- What measures have you taken to reduce shrinkage?
- How much is your shrinkage percent, and how to curb it to a minimum?
