6 Common Retail Pain Points and Ways a Point of Sale (POS) Solution Can Solve Them

Consumers today want greater convenience and a seamless experience. As a retailer, you must address customers’ pain points to deliver a smooth shopping experience. To accomplish this, you must put yourself in your consumers’ shoes. There can be numerous challenges that the existing system is experiencing, ranging from merchandise out of stock to inadequate customer service.
Point of sale (POS) systems are essential to the seamless operation of retail businesses. Unfortunately, many retailers use outdated POS hardware and software that can lead to negative experiences for customers. POS systems are an investment for the long term. The good news is that RetailCare can help you implement the best POS Solution for your business via consultation with retail experts.

Discussed below are six common retail pain points that can frustrate customers. We have also discussed ways in which a reliable and powerful POS can eliminate these issues.

1. Errors in payment processing.

Payment processing errors frustrate customers and aggravate employees. Consider the case where a payment is refused, and nothing is wrong with the customer’s account. This leads to a lost sale and a missed opportunity to convert that customer into a repeat customer.
It is also a terrible experience for other customers waiting in line since the extra time spent on payment errors increases their waiting time. In addition, your personnel will be under pressure to deal with impatient customers. If you upgrade your POS system, you will lessen, if not eliminate, these issues entirely.

2. Technical issues.

POS software that causes the screen to freeze or POS hardware that stops working in the middle of a transaction such as a receipt printer or cash drawer is disastrous. Upgrading your POS system is an investment, but if done correctly, it will enhance productivity and revenues for your business.

3. Customer Management

Customers don’t like providing the same information over and over again. With POS, you can gather real-time customer information, use phone numbers to stay in touch, and conveniently check their order history. Retailers can improve customer retention by utilizing stored customer data and remarketing tools.

4. Options for Payment

It’s 2023 where we’re not just dealing with cash and credit cards anymore. Having a POS that doesn’t offer multiple payment options is a huge disadvantage. With more shoppers going cashless, keeping up with the times is essential. Upgrade your POS to accept NFC payments, such as Apple Pay and Samsung Pay to cater to more customers.

5. Inventory management

Putting in place a good POS system for your small business can help you keep track of your inventory. Inventory management also allows you to keep track of your customer’s past purchases. This enables retailers to reorder popular products using this information and expertise. Having a POS with powerful inventory management options, like stocktake, stockout notifications, and inventory reports is a worthwhile investment.

6. Omnichannel experience

Businesses must make sure that customers’ shopping experiences can transition smoothly from one location to another. Retailers can leverage a POS to save and process data across several channels in order to keep up with growing demand, for instance in the case of click-and-collect orders. An omnichannel POS with real-time synchronisation provides retailers with a competitive edge.

 

If you want to scale your retail business while maintaining long-term customer loyalty, the first step should be to identify what customer pain points exist in your business and how to address them. It is critical to understand that this will not be a one-time adjustment, but rather a continuing effort to produce an industry-leading customer experience. If you grasp the issues and find appropriate solutions, challenges can be turned into opportunities. This article on retail challenges is intended to help you identify issues and find effective solutions.

If you want to learn more or are still confused about POS systems, we’re here to help! Contact the RetailCare team to manage everything behind the scenes of your retail store. We’ll handle the POS set-up, manage support issues, save you money, and allow you to focus on what you do best. Our modern and powerful POS solution Erply can tackle these which will increase efficiency and productivity, enhance customer experience, and generate more revenue.

For further details on how it operates, get in touch with us right now!