Why epos stock control is fundamental to the survivial of your business druing the recession

1. WHY EPOS STOCK CONTROL IS FUNDAMENTAL TO THE SURVIVIAL OF YOUR BUSINESS DRUING
THE RECESSION
Imagine at the end of the week having to physical count every item you have in stock, then to have
to refer back to your notes to see what you normally re-order of each individual product and then
havingto manually work out the difference so as to determine how much stock you need to buy in.
Imagine trying to keep track of this on paper or an excel spreadsheet week on week for the rest of
your life.
Imagine never knowing if you are missing stock until the end of the week (unless of course you carry
out daily stock takes which would be ridiculous) and then not being able to track back and analyse
the possible reasons as to why you are missing them.
What you have just visualised above is a detrimental scenario that could cost your business not only
thousands of pounds but also its future survival in these tough economic times.
Now imagine a scenario where your computer informs you when you need to re-order a product and
how much you need of it to re-order so as to replenish your stock.
Imagine a scenario where your computer will automatically generate a purchase order with this re-
order information on and requires only for you to send it to your supplier and then to sit back and
wait for the delivery.
Imagine being able to see how much your stock is worth at any given moment in time with just a
click of a button.
What you have just pictured here is the 21st century’s response to the dilemmas of old-skool stock
control:EPOS software.
With increased fixed running costs and fierce competition, business owners need to be taking
advantage of every opportunity to save themselves time and money so as to stay afloat during this
harsh economic climate.
By not investing in your business through the purchasing of EPOS software, you are not only
damaging the chances of future growth of your business but also its future survival. The more time
spent on such menial tasks involved in the traditional stock control process the less time you have to
concentrate on sales strategy, purchasing decisions, as well as potential growth.