The Indian textiles industry, which includes apparels and other finished and unfinished garments, are growing rapidly and is expected to value US$ 223 billion by 2021 from the present US$ 108 billion. The second largest employer after agriculture, having over 45 million direct workforce and 60 million people working indirectly, Textile Industry contributes about five per cent to the country’s Gross Domestic Product (GDP).
Technology and growing demand for improved shopping experience from young Indian shoppers are the trend setters for the industry to grow at phenomenal pace. Technology has indeed changed the way traders these days complete their transactions.
From the age-old cash registers, technology has upgraded and transformed Point of Sale (POS) systems of many retail showrooms in India. Not only this. Traders can now perform their operations smoothly and rapidly both within and outside the business area and simultaneously manage multiple textile showrooms. Mobile POS and Tablet POS help traders get connected with customers wherever they are or whenever they want to.
Modern POS technology helps retailers to integrate their in-store transaction activities with inventory control and management, customer relationship management, e-commerce, multi-store management and business analytics. Suitable apparel inventory management software is used to integrate various POS hardware appliances used in the retail or wholesale business process environment.
A lot of hardware and software support required to achieve excellent store management coupled with customer handling. Textile showrooms, to ease their daily work burden, are using Barcode printer, which is used to print barcodes on labels containing product details such as manufacturer name and address, brand name, item code, price, source, quality, etc. Store staff use barcode scanner to scan these barcodes while billing or managing inventory.
Some retail textile showrooms use cash drawers to collect cash, pole display which shows the price or bill amount to the customers standing behind the cash register and magnetic stripe readers, which are used to swipe debit/credit cards to initiate payment process.
Shifting from the traditional way of doing business to more sophisticated POS technology is beneficial for small, medium and large traders in more ways.
Apart from smoothening the daily operations and reducing the errors, the modern pos systems are helpful in handling more customers at less time during peak hours, maintaining a constant watch on inventory and plan accordingly, efficient staff management, multi-store management, improved customer relations and offering excellent shopping experience for customers.
With suitable POS software, retailers can manage stores efficiently with less staff thereby reducing the operational cost. Modern POS system is rugged for daily use and work efficiently and seamlessly even in dusty, polluted and high temperature environments. So, why wait for? Switchover to POS technology and enhance your textile business.