Page 34 - GS230502
P. 34

Education


        Deploying an                                            lated to customers, orders or inventory.

                                                                When choosing a POS system, look for one that:
        omnichannel POS                                            • Is cloud-based, allowing you to access your data from


                                                                     anywhere.
        as a merchant                                              • Offers a mobile POS option through an app or brows-

        By David Mainayar                                            er, allowing you to take payments and manage inven-
                                                                     tory from anywhere in the store.
        Oliver                                                     • Provides real-time analytics as well as end-of-day
                                                                     and aggregate reports, giving you insight into sales
                             he retail and hospitality indus-        trends and customer behavior.
                             tries have undergone significant
                             changes in recent years, with cus-    • Integrates with other technologies such as CRM and
                    T tomers demanding a seamless                    inventory management systems.
        shopping experience across all channels. Merchants must    • To be ahead of the curve, consider a POS that looks
        adapt to these changes by deploying an omnichannel POS       at an ecommerce store as the single source of truth,
        system to stay competitive. An omnichannel POS system        avoiding desynchronization issues.
        enables retail and hospitality-based businesses alike to
        provide a consistent experience for customers across all   Implement cross-channel inventory management or an
        channels, including in-store, online and mobile.        ecommerce store

        Here are steps to follow for deploying an omnichannel   One of the biggest challenges of creating an omnichannel
        POS as a merchant (or an agency servicing merchants):   POS system is managing inventory across all channels. To
        Define your omnichannel strategy                        avoid having to manually adjust stock quantities in your
                                                                POS or ecommerce store, you will want a POS system that
        To deploy an effective POS system, you need to define   stays in sync across all channels. This allows you to au-
        your omnichannel strategy. This means understanding     tomatically provide accurate information to customers
        your customers’ behavior across all channels and identify-  about product availability and delivery times, no matter
        ing the touchpoints where they interact with your brand.   where they purchase from.
        Once you have a clear understanding of your customers’
        needs, you can create a strategy that meets those needs.  If you choose a POS that looks at an ecommerce store as
                                                                the single source of truth, your inventory will remain in-
        Your omnichannel strategy should include:               sync between your in-store and online channels. Essen-
                                                                tially, your ecommerce store will function as your master
           • A  seamless  way  to  check  out  online  and  pick  up   inventory, with sub-inventories corresponding to each
             in-store, as well as a way to check out in-store and   brick-and-mortar storefront.
             schedule a delivery.
           • Self-checkout  for  in-store  customers  and  online   Needless to say, this approach requires having an ecom-
             checkout for customers shopping from anywhere      merce store built. There are many ecommerce platforms
             else.                                              you can consider, from the walled garden of Shopify to the
           • A mobile-friendly approach that treats mobile devic-  open-source ecosystem of WooCommerce.
             es as a priority and allows customers to seamlessly   Cross-channel inventory management involves:
             move between channels.                                • Integrating your POS system with your inventory
                                                                     management system to track inventory levels in real-
        Choose the right technology partner                          time  OR  simply  choosing  a  POS  system  that  treats
                                                                     your ecommerce store as the single source of truth.
        To deploy a suitable omnichannel POS system, you need
        technology  that  can  support  your strategy. This means   • Offering in-store pickup for online orders.
        identifying a POS system that is flexible and scalable, and   • Offering in-store delivery scheduling.
        that can integrate with other technologies such as inven-
        tory management and customer relationship management    Implement cross-channel customer
        (CRM) systems.                                          relationship management

        You also need to consider the security of your POS system,   An effective omnichannel POS system also requires cross-
        as customer data is highly sensitive and needs to be pro-  channel CRM. This means creating a system that can
        tected. One novel approach you can consider with your   track customer behavior across all channels and provide
        POS is to choose a system that looks at an ecommerce store   personalized experiences based on that behavior. This in-
        as the single source of truth. This will simplify all aspects   cludes tracking customer purchases, preferences, and in-
        of data synchronization across channels, whether it’s re-  teractions with your brand. Ensuring that basic customer
                                                                information is synced across your POS and ecommerce
        34
   29   30   31   32   33   34   35   36   37   38   39