It’s a difficult decision to know if one should invest in technology or invest in something else. There are all sorts of competing needs (and wants) that business owners struggle with.
Tom O’Shea, general manager for Wasp Barcode Technologies says that one guiding principle should be if technology is affordable and provides rapid payback consider investing in it.
For example, as I shop in many retail locations, I wonder why EVERY establishment does not have a bar code point of sale system.
Using a cash register, which is really a giant calculator, is so inefficient, unproductive and a waste of money.
Having a point of sale solution enables each cashier to process more customers in less time (this boosts customer service), enables you to have real time insight into your inventory (saving you money and boosting productivity) and includes additional features that can provide enhancements in these and other areas.
For example, for $999 (I hate “9’s”) you can get everything you need for a complete point of sale solution from Wasp. (you have to supply the computer and monitor). This package is Wasp’s new Point of Sale Rapid Start bundle. At this price and what I think will be a fast return, you can’t afford to NOT have a point of sale solution.
Point of sale solutions for retailers is just one of many ways to save money. As computer prices fall to amazing levels, like under $600 for a decent notebook or even more portable netbook – every productive employee (especially knowledge workers) should have a computer available to them at the office, at home and in their travels (personal or business).
Although software has traditionally been a pain – installation, customization, crashes, support and etc, with hosted applications (software as a service) software is affordable (monthly fee) and there is NO installation necessary.
I could go on.
But discuss with your local technology consultant what technology you should be investing in. You’ll be more efficient and profitable NOW and as customers spend more you’ll be ready for the uptick in spending and resurgence of customers.