Emerald Business Systems Blog

Point-of-sale Software Top Ten Mistakes to Avoid

Posted in POS,Retail by ebs4pos on January 24, 2010

Independent retailers have traditionally been technology laggards. This slow adoption of new technology has provided hidden benefits though. Economies of scale are achieved at larger retail stores and the new technologies become available to independent retailers at much lower costs. Today, independent retailers have access to point-of-sale systems with features comparable to large competitors. The costs of these systems are often hundreds of times less than the investment made by the large retail chains.Measured by dollars, the technology investment made by an independent retailer is considerably less than their larger counterparts. But if you measure the investment against annual revenues i.e. percent of revenue, the comparison becomes similar. Once understood, independent retailers should approach their technology investment like the large retail chains. Unlike other purchases a retailer will make, the technology decision is one the retailer will live with for many years. The amount of time required to implement a system and become productive in its use will be the largest costs associated with any system. Economists refer to these types of costs as “sunk costs”. Sunk costs are those costs that are incurred and cannot be recovered to any significant degree.

via Point-of-sale Software Top Ten Mistakes to Avoid.


One Response to 'Point-of-sale Software Top Ten Mistakes to Avoid'

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  1. POS said,

    an eye opener for those who are still not sold out in having a POS system that works.

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