Whether it be taking shots with friends or inventing a new cocktail, people are continuously keeping the doors of liquor stores open all around the world. What you might not know, however, is that most of the alcohol industry’s revenue is generated in the U.S. Sales generated a whopping $222,098 million in 2020, making it one of the biggest markets. If those numbers aren’t intoxicating enough, the vodka market alone amounts to $47,926 million in 2021, with an expected steady annual growth of 8%.
With this much money on the line, liquor stores must carefully consider a point-of-sale system that will not only increase revenue, but will also maximize efficiency of operations. Here are some examples of how partnering with the best liquor store POS system provider will help you streamline operations so that the only things on the rocks are your beverages.
Download our free Liquor POS Buyer’s Guide for more information for your business.
Your POS system shouldn’t be a one-size-fits-all solution. No liquor store operates the same way, so why pay for the certain retail applications that you don’t need? To maximize efficiency, your liquor store POS system provider must offer flexibility when it comes to the features your business will actually use. Here are some examples of must-have POS features that will specifically support your liquor or wine store.
Easily organize client information with your POS data functionality to keep them updated on new products and promotions throughout the year. Streamline processes to reward frequent customers without taking excessive time to sign them up and keep them coming back for more.
Having an online presence is crucial for any retail business to succeed. Easily log into the backend of your liquor store POS system to update your online site as needed, boosting productivity and simplifying operational processes for your staff at the same time. Quickly update your customers on promotions, discounts, new inventory, and more to create buzz and encourage sales both online and in-store.
Operational efficiency is essential during peak seasons and days. Having a mobile liquor store POS system helps keep crowds at bay with line busting capabilities. What’s more, you can run your liquor POS app on a kiosk with seamless integration to reduce labor costs.
Inventory Management Support
As mentioned earlier, the alcohol industry is massive, meaning there are bountiful competitors within your scope of business. If you can grow from one location to several sites, you know your business plan is successful. However, this success is only possible if you prioritize organization and access to inventory management support for your liquor store is an essential piece of that puzzle.
To stay organized, you should work with a POS provider that shares all the intuitive features their inventory management application provides for your business. This will help you understand what stores are performing well and what stores need support to streamline their processes and keep up with other locations. Easily monitor all aspects of your store locations through a single, intuitive interface. View real-time data on sales, reporting, numbers, loss prevention, and product tracking throughout the entire retail cycle; from inventory to discount repricing needs, you’ll never miss a beat.
Inventory management support will allow you to import stock from every location and organize your shipments from your eCommerce backend. This saves hours of time if your provider uses real-time insights. Easily set up your store with mobile-responsive and customizable features based on the inventory available to sell the most product possible. What’s more, when you streamline your inventory management within your liquor or wine store, you can increase your store location count even more.
Get Your Liquor Store POS System from Osprey
One-size-fits-all solutions that don’t cater to your needs will only disrupt your progress. Here at Osprey Retail, we understand the unique challenges you face in your industry. With a custom, scalable system that grows as your business grows, you can continually run your business smarter as it expands. From inventory management and flexible payment processing, our POS comes with everything you need to efficiently operate your liquor or wine store without compromising a superior customer experience.
Interested in increasing the efficiency of your operations? Contact one of our team members today to learn about our liquor store POS system and how we can help you maximize the efficiency in your shop.