2022 is proving to be a challenging year for retailers. Covid continues to disrupt product supply and labour access. It is also impacting shopper behaviour.
The retailers doing best are those managing their business data, leveraging data for insights that guide business decisions. There is where the Tower Systems POS software helps local retailers.
Using our POS software, local retailers are able to be more frugal. Being frugal is a local retail business is beneficial, if it is done based on data, with a focus of driving overall business value. Being frugal is a good thing if done thoughtfully and well.
Let’s be clear though, there is a difference between being frugal and being cheap.
Being frugal is about being careful. Spending based on evidence when nit comes to labour costs and inventory costs.
Too often we see retailers over-index with labour, eating unnecessarily into business profits. Likewise, too often, we see businesses buying poorly, not based on evidence, and negatively impacting on the profits of the business.
Our POS software helps local retailers in these two areas and more, we help them be frugal in their approach to rostering and frugal in their approach to buying … with the goal of adding measurable value to the business. This matters.
The stronger the financial base for a business, the lower its operational overheads, the lower poor performing inventory volume, the better for the business. This is where being frugal matters. Done properly, it provides the business with capacity to weather economic challenges, to actually make the business stronger in its financial foundations. Our POS software helps local retailers do this.
There is a gloss and excitement to owning your own shop. The real gloss, and value, comes from running the business well. This is one of our goals here at Tower Systems – to make POS software and back it with support that helps small business retailers run their businesses well.
Being frugal is good for business and good for all in the business who rely on it. Our POS software provides insights as well as mechanisms for being frugal, for driving the value of and for the business.