In today’s fast moving retail environment, the companies are in a constant demand for efficiency, integration and flexibility. These requirements fluctuate with time, and hence the assumption that change is the only constant factor that retailers must expect. There is one more instrument that has turned into a miracle for the contemporary retailers – Odoo POS (Point of Sale). In this article, we will try to once again explain why Odoo POS is not only a useful tool, but a necessity for successfully developing a point-of-sale system in modern retailing. Odoo POS includes integrating with other business operations, this article will also show you how easy to use Odoo POS can be for your retail enterprise.
Odoo POS is a module of the larger Odoo ERP system which is an all-in-one business management software ranging from sales and customer relationship management to inventory and accounting. The POS module is intended to meet the needs of retail operations in terms of being efficient and powerful, as well as adaptable and offering full integration abilities to cover sales, stock and customer analysis.
Generally, Odoo POS has a strong feature of flexibility and also can expand in features according to the specific demand. This is the case because Odoo POS is very flexible and can easily fit into any establishment that sells either small items such as those sold by boutiques or large numbers of items as those sold in large chain stores. The application is based in the cloud, which makes it possible to use it from different locations, whenever one wants, which is critical for today’s retail businesses that have to be on the move all the time.
Another aspect that makes Odoo POS could be its compatibility with the other business processes or features. In contrast to the majority of the other POS systems, Odoo POS is an intrinsically and tightly integrated product of the Odoo ERP environment. It also enables such integrated data flow that goes hand in hand with real-time sharing of information among different sectors of an organization, its sales, inventory, accounting and customer relations departments for example.
For instance, when a sale is effected through the Odoo POS, the inventory is simultaneously adjusted, and the revenues recorded in your accounting. This approach of automation cuts down the rate of human interference, eliminates mistakes and guarantees your various business segments are working on correct and latest data alike.
One of the most important aspects every POS system should meet is the aspect of usability. Odoo POS allows for an easily navigable interface that those employees and managers on the floor will have no problem getting accustomed to. Biased towards a low learning curve, training the staff for the use of the system can be done rather easily. As in the case of retail where high turnover informs a high employee turnover, they depict a situation more complex to be trained in a continuous manner.
It also helps in quick checkout and is thus a boon to the customers and contributes immensely to its efficient working. If it is a sale to be processed, refund to be made, a customer’s order to be dealt with, a POS provided by Odoo makes it simple and easy.
Stocks control is one of the essential functions in retail businesses, and using Odoo POS, you will not mistake it. The system affords supply status tracking in real-time across all your outlets to prevent cases of run-on stock or no stock at all. In Odoo POS you get features that allow you to control the variations of products, the limit of products that has to be reordered, and the transfer of products to stores or warehouses.
In addition, Odoo purchasing and vendor management modules are integrated; therefore, reordering of stock is almost mechanized. The system makes it possible to generate purchase orders when the inventory of specific products reaches a notified level to your suppliers. This level of automation not only saves time but also guarantees that one’s shelves are optimally filled with products that the consumers look for.
It should be noted that in the field of retailing today’s decisions have to be informed by data. Odoo POS comes with an out of the box reporting and business intelligence suite that help you get an in-depth view of sales, customers and your business.
Using the reports of the Odoo POS, you can have reports on the sales per product, per product category, or per store as well as the productivity of employees. These analytics then enable trends to be established, demands to be predicted, and right decisions to be made as regards promotions, pricing strategies, and even holding of stock. Reacting to changes in the business environment in real time will help the business reinstate the right direction towards success.
The modern customer wants to have a single shopping experience regardless if he is within a physical store, on the Internet, or using his/her smartphone tablet. Odoo POS for omnichannel selling makes it possible for the retailers to offer well-coordinated shopping opportunities across different channels.
POS effectively allows for management of both online and offline sales from the same location on Odoo. Stock information and customer information are updated in parallel and customers get the same and consistent service regardless of any channel used. It not only enhances the customer experience but also adds to conversion rates because the customer has more opportunities to engage with the brand.
Some of the most important factors that make it pointless to try to implement an identical POS system at any two retail businesses are as follows: The Odoo POS is fully modular and easily configurable in every way so it will be possible to adjust the system to suit the business.
You need to know that you can modify everything starting with the graphical interface and including the processes and the reports. Odoo also has an extensive app store that has many modules and plugins that can add on to the functionality of the POS system. Besides basic POS functions, Odoo POS includes new features such as working with third-party payment services or adding loyalty programs and other promotions.
A Delighted POS system should also be affordable to small and medium retail shops due to limited financial resources. Odoo POS is an inexpensive piece of software that provides the client with a great number of opportunities for a relatively low price.
Due to integration with other components of the Odoo ERP system, you do not require purchasing one software application after another. All the functionality that is needed to manage your business is in one place. Furthermore, Odoo is open source and therefore you do not have to overspend on licence as it would be the case when using other proprietary software.
With the growth of your business, that is, your retail business, the POS system you are using should follow suit. Odoo POS is designed for small shops and large retail chains and everything in between.
You find that the system is very scalable and can incorporate more stores, products or users without affecting other aspects of the business. This scalability also means that Odoo POS has your back as your business scales up, which means you are not the one worrying whether your POS could manage your growth.
Piracy is one of the main concerns of any retail company and even more when personal information of clients or payments are at stake. As for security, Odoo POS has multiple layers to cover the needs of your business and safeguard your customers.
This system also includes controls on the users that you can use to define which users have access to what data and what functions only. This actually helps in reducing internal fraud or threats of having the data leaked. Another feature integrated with Odoo POS is that all financial transactions respect all the norms of the payment gateway to guarantee security of payments and protection of the customer’s information.
Another advantage of working with Odoo POS is the solid and dedicated team and the numerous customers who are using this software. Odoo provides its users with a number of resources which they can use in case of difficulties as well as tutorials and other information, and customer support.
Furthermore, Odoo is open source which means there is always a group of developers and users who are constantly adding to its development. This is because it is a community-driven type where new and exciting features, fixing of defects, and general updates are being implemented making the POS system dynamic to respond to the new and changing needs of your business.
Thus, Odoo POS is a must-have solution for the contemporary retailers who aim at improving the overall performance, updating the approach to clients, and increasing sales. It is integrated with other business processes, intuitive, has superior stock control, and excellent reporting, which helps it become a strong partner in today’s retail environment. It is a system that suits every business from the small luxury store to the chain store and can be availed at an affordable cost. All these issues combined with vast capabilities and powerful community, Odoo POS is not only the right investment but an essential tool retail business must implement in the modern world.
