ProphetLine’s Retail Easy POS system answers the question: Who gives you the best turn rates, sell through and margin, is it vendor A or Vendor B? This is knowledge to make smart business decisions.
Fort Smith, AR (PRWEB)
May 26, 2017
There are hundreds of entry level Point of Sale systems that can open a drawer, count change and print a receipt; but, they don’t address the more important elements relating to margins and investment. ProphetLine’s latest POS release, “Retail Easy,” captures important information in a user-friendly, one-page report and is referred to as the retail-easy-way of merchandising. Behind the scenes, Prophetline’s system performs a multitude of formulas and algorithms to come up with this easy to understand way for retailers to run their business and control inventory, which is the life blood of retailers.
Retail Easy takes all the data that is obtained from a store’s purchases and sales transactions and delivers a single sheet of paper with comparatives on vendors, items, classes, and departments. The POS system answers the question: Who gives the best turn rates, sell through and margin, is it vendor A or Vendor B? This is knowledge to make smart business decisions, not a bunch of lists that have very little comparative meaning.
“The typical retailer is overstocked by 10-25% at any given point in time, meaning that for every $100,000 in sales, there can be $5,000 to $25,000 at retail in excess inventory on the shelves. When you start looking at $500,000 in sales, the wasted investment runs into six figures. Imagine converting $100,000 of excess inventory into cash,” explained Bob Brown, President of ProphetLine. “Retail Easy was developed to be a strategic partner, allowing retailers to optimize inventory, purchasing, and ultimately…