A retail store is home to all the commodities that people use in day to day life. For instance – people tend to visit retail stores to fill in their weekly or monthly grocery. If the location of the store is strategic, you can be rest assured that a large number of people are going to turn up on a daily basis. So how does a retail store keep a tally counter? Is it even possible to keep the total count?
To begin with, for a retail store, it is essential to have retail security system in place. Running a retail store is no mere joke. What is a security system exactly? As the name will suggest, a security system is designed in order to avoid incidents like theft and damage of products. To keep a track of damage and theft, the system ensures that it keeps a track of the number of people who enter the store on a day to day basis. The system has an inbuilt tally counter. Everytime an individual enters the store, the tally gets added. This is an automatic process. Hence, as a storeowner, you do not have to shell out a monthly salary and hire someone to manually keep a track of the number of people coming inside.
Benefits of keeping a count of people
It is obvious that a retail store has to keep a track of its performance. Usually, most of the stores keep a monthly track. However, some also work on a quarterly performance analysis model. In the retail sector, the average purchase amount is considered highly in order to carry out performance analysis. What is average purchase amount? This is the amount that an individual walking into the store will spend on an average.
For instance – if 10 people walk into the store on a Monday and the final purchase amount is $100, then the average purchase amount will be $10. However, this does not mean that every single individual would have shopped exactly for $10. There is every chance that only three of them would have purchased products and items and the rest seven would have walked out of the store without buying a single item.
With the help of counter tally, the store management gets an opportunity to sit down with facts and statistics and plan for upcoming months.
Retail security systems are of many different types. Ideally, retail storeowners should carefully look into the reputation of the system before buying it. The system should not crash down all of a sudden as it would obviously cause a lot of inconvenience to the store management. Apart from keeping a track of the number of people coming into the store, the security system also carries many other important functions.