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The benefits of EPOS - Sports Insight Magazine

1 x pair of Uglies Stadium Pants :: Click here for more info.

Sports Insight

www.sports-insight.co.uk

Latest News:

Stand space going fast for 2012 shows Women desert the gym for the great outdoors Wrexham Rugby Club has new image for the 21st century ASICS grows European business despite challenging 2011 INTERSPORT UK makes visual merchandiser appointment FSPA reports ‘Step To It’ challenge success inov-8 gets cash injection from private equity investor Olympic spirit results in 165% increase in new members for London social sports club Rugby star goes digital with new sports injury store Sports Insight - May 2012 Reydon Sports announces new board appointments Sondico makes football return as new licensee is announced Nike to sponsor Manchester City Exclusive TECNOpro Bash junior racquets Precision launches new catalogue and website Agency law seminar for sales agents adidas enjoys fifth consecutive quarter of double digit growth ASICS to open two high-tech stores in Spain London Fight Zone launched at Lillywhites Girl power PUMA says it faces challenges in Europe after fall in Q1 earnings PureLime serves up a tennis treat with new range Sports Direct ‘outperforming management’s expectations’ as sales continue to rise Push your business forward with PenCarrieUKL PUMA becomes Leicester City FC’s sportswear and technical kit sponsor for next three years Tarkett supports youth development at Motherwell FC Canterbury signs three-year kit deal with Leicester Tigers Puma launches ‘Bring Me Back’ recycling initiative in its German stores Dobotex to showcase Puma range at MODA in August Scooter mad Shock Absorber reports double digit sales growth INTERSPORT continues international expansion with license agreement for Lebanon Aqua Sphere ambassador wins gold at U21 Europe and Africa Waterski Championships SKINS agrees new strategic alliance for Asia Sports Insight - April 2012 Activinstinct and Hi-Tec register social media success JD Sports’ pre-tax profits fall as margins remain under pressure Bedale School creates new sporting identity for pupils adidas invites you to ‘take the stage’ with new UK ad campaign 

ASICS to open new flagship store in London
 Ex-JJB Sports chief executive charged with alleged £1 million fraud McDavid sites its first touchscreen display in the UK Dick’s Sporting Goods invests £20m in JJB Sports MANTIS appointed Official Racquet Partner to the Allam British Open Squash Championships New Balance launches first-ever UK TV ad campaign Q4 INTERSPORT show kicks off Nike has strong third quarter as revenues rise 15 per cent Kempa raises funds for German cancer charity Wilks softball sets cover all bases Buying patterns INTERSPORT Q4 Show Solihull New sales representative for Unicorn Shock Absorber launches lightweight sports bra with ultimate moisture control HEAD Tennis launches Andy Murray campaign PureLime unveils a new look logo for the AW12 season Revolution Running Gilet INTERSPORT expands into China with master franchise agreement Spalding becomes official teamwear partner to Falkirk Fury Basketball Club Ronhill sponsored clubs in National Cross-Country Championships gold rush Sports Insight March 2012 Digital Issue Petron Sports agrees new distribution deals adidas’ sales hit record high Brabo brings Formula 1 technology to hockey Canterbury to replace Nike as official kit partner to the RFU New Balance launches ‘The British Miler’ OPRO becomes British Basketball’s official mouthguard supplier Glamorgan Cricket signs kit deal with Gray-Nicolls Spalding establishes partnership with basketballscotland Introducing the Dictator rounders bat With TheMagicTouch it’s as easy as 123Flex Patriotic swimwear from Aqua Sphere Huub wetsuits signal a turning point in triathlon performance Inov-8 accelerates international expansion ASICS to become on-air presenting sponsor for London 2012 Market for wearable sports and fitness activity sensors set for significant growth Rhino appointed official supplier to The British & Irish Lions 2013 Australia Tour Aces High jumps for GFORCE INTERSPORT continues to build football partnerships with Olympique de Marseille shirt deal Shooting outside Puma footwear supplier’s factory Unicorn commits to a new long-term deal with the Professional Darts Corporation Shoe business Youth Sport Trust Business Awards winners announced ASICS launches new FUJI trail running collection INTERSPORT and Wilson team up for consumer tennis competition Wiggle to roll out 360 spin imaging across full product range following significant sales uplift Helly Hansen launches new trail running shoe Nike explores waterless dyeing with new partnership Sports Insight Feb 2012 Digital Issue New US distributor for Unicorn Darts Liam Burns appointed chairman of the Federation of Sports and Play Associations John Steele appointed Youth Sport Trust chief executive Helly Hansen launches new training collection Grays becomes official equipment and clothing supplier to international governing body for hockey Arena renews National Swimming League sponsorship agreement ISPO MUNICH attracts close to 80,000 people ASICS increases European sales by 13.2 per cent Under Armour revenues for 2011 top $1.47 billion BPF throws its weight behind campaign to halt ‘damaging’ business rate hike Nigel de Jong signs partnership deal with PUMA Independent sports shop recognised for retail excellence Aqua Sphere to be official swim kit partner to British Gas Great Swim Series 2012
rss

Knowledgebase

kids catalog little learners zinc bikes zinc trials mantis ucl deals kit deals

Sir Philip Craven honoured at Sport Industry Awards

One of the Paralympic movement's greatest pioneers receives Lifetime Achievement Award

NPD Data Videos
Magazine Image

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Join our Weekly Newsletter What is ABC?

Stand space going fast for 2012 shows

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View Story

The benefits of EPOS

By: Jeff James

Listed Under: Feature

Published: Thursday, December 06, 2007

Chris Barling, CEO of EPOS supplier Actinic, offers a way through the EPOS maze

EPOS (Electronic Point Of Sale) systems have been around for a number of years, but cost factors have mostly restricted their use to the larger retailers. More recently, the advent of low-cost Windows PCs and imported peripherals has brought them within the price range of much smaller stores. The trouble is, sales people will claim a list of benefits as long as your arm, and it can be hard to know which are genuinely useful.

Here are some pointers to help you sort through the mess and see if an EPOS system would make sense for your business.

Better stock control is the most often cited benefit of EPOS. It helps you reduce stock levels by maintaining up-to-date stock information and automatically generating purchase orders. In many cases, the value of the stock released can repay the cost of the EPOS installation, while also increasing sales. You can also monitor changes over time, which helps to adjust your ordering in line with seasonal trends. For example, it can help you decide how many tennis racquets you need to reorder if you run short and it’s late in the summer.

Improved stock control is good, but even better is the way you can use the resulting information to increase profitability. By identifying slow and fast-moving items and pricing them accordingly, you can adjust your prices to make the best of prevailing trading conditions. If an item is flying off the shelves, then adding a few pence to the price may be a shrewd move. At the same time, slower-moving items may be over-priced, and you can trim them accordingly. The key is to base your decisions on facts rather than guesswork.

If you are an employer, of non-family members in particular, then being able to monitor staff performance (and honesty) can pay dividends. Added to that, you can measure the results of changing opening hours, find out when you are busiest and measure the impact of moving products around the store. If you fancy yourself as a top merchandiser, then EPOS will either confirm your suspicions or explain why your team groans every time you walk through the door.

Saving time is another frequently touted EPOS benefit, although the impact depends on a number of factors. If your goods are bar coded, you don’t need to price each item individually. Time-savings also extend to the checkout, because bar code scanning is faster and less error prone than pressing buttons. So you can improve the service you offer your customers as well.

One final thought: all big retailers use EPOS systems. If there was any doubt about the business case, at least some of them would have rejected it. They may be big and you may be smaller, but with complete EPOS systems now costing from as little as £1,500, small can also be beautiful.

For more information visit http://www.actinic.co.uk/epos-system-software.htm

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