How EPoS Can Help You Reduce Your Surplus Stock

As a retailer do you find using promotions to be over complicated? Well it doesn’t have to be.  With the right EPoS software, promotions can be easy to manage. By setting up promotions retailers can dispose of surplus stock at pre-determined times of the year that would usually not sell through.

As many retailers know, holding too much stock can be detrimental to the success of the business. Holding large volumes of stock that aren’t selling can incur greater costs such as storage fees – storage facilities require workers to categorise, organise and transport items from one place to another. Furthermore, high levels of inventory can lead to higher insurance costs. Additionally retailers can be left with large quantities of stock that are no longer desired by consumers if items become obsolete or customer demands begin to shift.

Because it is crucial that retailers don’t miss out on profitable sales by not stocking enough goods it is important that there is a solution to the negative aspects of holding too much inventory.  This is where sales promotions become an extremely useful tool.

OpSuite Promotions and Loyalty

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EPoS Mail Order and Telephone Orders (MOTO) Module

As a retailer it is important to be able to reach customers and prospects through as many channels as possible. One of the main avenues that retailers wish to optimise but don’t necessarily have the resources to do so is through mail order and telephone orders.  RMS provide a fully integrated, PCI compliant module that handles these kinds of purchases called MOTO.

Using the EPoS MOTO app opens up the telephone and mail order avenue to customers and creates the opportunity to reach a greater number of potential clients outside of your traditional business channels. Continue reading