Reduces hassle and lost profit
Increase stock availability and choice
Golf retailers have in the past had to create and manage their Epos product databases independently. Now this problem has been over come by Crossover Technologies Common Product Coding giving you the opportunity to cut costs and increase sales.
The past
Many pros, when installing their EPOS systems decided not to code products down to individual products or stock keeping units – SKUs, e.g. 9 or 10.5 degree drivers with either regular or stiff shafts or black or white shoes in 8 or 8.5 – as until now this involved a lot of time consuming and costly data entry. Whilst this undoubtedly made short term savings, it has also had serious long term disadvantages for many. In particular it leaves pros without any detailed information relating to:
- Items selling fast and likely to go out of stock.
- Items selling slowly, tying up valuable capital and potentially creating cash flow problems.
Both affect the bottom line and that all-important cash flow, at a time when business is tough.
Industry wide common code
What was therefore needed was an industry wide product code with more importantly associated product descriptions that could be used by suppliers and retailers alike down to SKU level. So Crossover Technologies has worked with the biggest names in the golf industry to develop a product database that can be held and downloaded into XPOS from the internet 24 hours a day 7 days a week. The benefits are:
- Minimal admin or data input
- More accurate stock valuations and stock turn reports
- Better buying and use of scarce resources, in particular cash
- Fewer stock outs and more sales leading to greater profitability
Recommended weekly ordering
Now with this valuable information within Xpos your computer can make weekly recommendations to you on what you should be re-ordering. These can be accepted in full and e-mailed directly to suppliers or modified in the light of other information.
Crossover's experience from working in the golf trade suggests that the average pro is out of stock by 8%. In the course of a year this can result in a loss of profit of up to £3,500, which makes our pricing for this exciting new module of only £6 per month, invoiced quarterly, a real snip.
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