“[Return on investment – ROI – is] a performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio.” – Investopedia, Online Dictionary
Efficiency is an important aspect of managing a store. Your point of sale (POS) system affects your business by managing your inventory investments and offering various ways to track your store’s ROI.
When it comes to your point of sale solution, Paladin increases your return on investment––or ROI—by increasing how efficiently your store runs. How do we achieve this?
How does Paladin Point of Sale help you gain a higher ROI?
1. Market Driven Inventory Management™
Inventory management methods in most point of sale systems are a computerized version of managing stock by hand. Paladin Point of Sale is different. Using Market Driven Inventory Management™ we look at all sales history and use the massive amount of data to calculate suggested reorder quantities that will keep just enough stock on hand and provide maximum ROI.
With Paladin’s Market Driven Inventory Management™ everything is automatic, including difficult-to-manage situations like job pack quantities and items with sporadic high sales quantities.
Learn more about Paladin’s Market Driven Inventory Management™ or call to schedule training. We’d love to get you started. 800-725-2346.
2. Paladin Point of Sale Reports
Paladin’s Market Driven Inventory Management™ is one of the many ways Paladin helps your store receive a higher ROI with your point of sale. Various reports within the system help track inventory, and raise the bottom line.
3. Stock Your Store with Suggested Order Reports
When left to its own devices, Paladin’s Suggested Order Report generates and upholds the prime amount of stock for your store throughout the year. This is one of Paladin’s most powerful reports.
Paladin generates a Suggested Order Report based on proven business principles and your specific sales history. With Paladin you have the right inventory at the right time, and in the right quantities.
4. Get Rid of the Slow Movers
Slow moving inventory items use space better devoted to fast-selling items. The Slow Movers Report uses market-driven tactics to track items that don’t sell. By clearing these slow movers from your inventory, you make room for more effective investments.
One business owner wanted to further improve his store. Using Paladin’s Slow Movers Report he spotted the solution: there were non-selling items in his inventory. By using the Slow Movers Report he made more room on his shelves for items that sold well and improved the store’s ROI.
Other valuable reports that increase your revenue include: Shrinkage, overstock, ROI reports, and many more. View a list of Paladin Point of Sale reports.
Increase Your Retail ROI
Paladin treats your inventory like an investment. Earn a greater ROI with Paladin Point of Sale, the system that simplifies your store. When you succeed, we succeed. Learn more about what our customers think in the short video below.
Article written by: Shayla Eaton
Picture credit: Graph by Salvatore Vuono