Every company needs to know how to organise and implement the complex processes of their business. Logistics refers to how your business runs and how you get your product (or service) from one point to another.
There are a lot of different types of logistics and what you need will depend on the type of business you run. For the purposes of this piece of content we will be taking a look at the basics of point of sale logistics and merchandise logistics.
It is important you understand the basics of these two forms of logistics because it will help you understand if this type of logistics is needed. As well as this, if you are looking to outsource your logistics services, some basic information will help you choose the most suitable business.
Point of Sale (POS) Logistics
POS is where the sales are actually made. This could be either a physical place, like a checkout counter or it could be a virtual space if you had an e-commerce website. There are a lot of different tools that fall into the POS category. Things such as cash registers, barcode scanner and electronic card readers all assist in POS logistics.
POS logistics have advanced in the last couple of years. Normally when completing a transaction in a physical store, consumers would be issued with a paper receipt. Now some businesses are asking for consumers email and the receipt will be provided to them that way.
You need to ensure your POS logistics runs smoothly otherwise it will act as a major deterrent for consumers. Your electronic POS will streamline the transaction process no matter the industry you are in.
As well as this, by having proper POS logistics in place you will be able to track important sales data. This will help you in the future as the POS system will be able to tell you what products are most popular and when you need to order more. There is also the ability to increase functionality by using devices including barcode scanners and card readers. Using these tools will do wonders to streamline the POS logistics process.
You will probably need to have POS logistics for your company. If you don’t have a proper POS system in place it could be difficult for consumers to actually purchase anything from you. As well as this, with a POS you are able to easily track inventory which will help understand your gross revenue and your sales patterns.
Merchandise logistics usually forms the link between purchasing and sales. There are a few key areas that merchandise logistics typically covers:
- Merchandise distribution – this helps to regulate the flow of goods from a vendor to either the store or a customer. Think about how your products are going to make it from one place to another. Will you need a distribution centre? If so, how many will you need? You also should think about the location of your distribution centres.
- Inventory management – your merchandise figures will change as consumers purchase products. It is important to keep a close eye on stock changes so you know how much of each product you have left. This is where POS logistics comes in, to help better manage inventory.
- Goods receipt – when a transaction has taken place (or the goods have been delivered to a consumer) you need to provide identification for the goods. This is done through printing a receipt.
When thinking about your merchandise logistics it is important that you understand what you want to get out of the process. When you have a better understanding of what you need merchandise logistics to do, you can choose a more suitable logistics firm for the task.
Pendulum Logistics can help you with everything point of sale and merchandise logistics related. We take the time to understand your individual situation and therefore can provide you with the most tail-made solutions to your logistics problems.