Minimart POS system: How to develop a profitable minimart operation?

Minimarts are go-to stores for residents of an estate that is often a more convenient and cheaper option than travelling to a supermarket.

However, minimarts can be tedious to manage with the wide variety of household and grocery items. Apart from that, rising rental and labour cost in Singapore makes it difficult for minimarts to survive.

In this article, we share tips on how to better manage your minimart and increase its profitability.

Understand your estate’s residents

As minimarts usually serve the residents of an estate, it is important to understand the estate’s demographics. For example, if your minimart is located in a new BTO estate with mostly young couples and families, you should stock up on items like baby products or items that new homeowners will require.

By understanding your estate’s demographics, you will be able to match their needs, turning into a one-stop store for the residents.

Stay on top of your inventory

Inventory management is one of the most important aspects of running a minimart. With the wide range of products your minimart carries, it can be tedious to manage stock levels.

Many minimart operators use an excel sheet or a specific inventory management software to keep track of their inventory. While effective, it is one more system you have to manage which may result in human error when manually updating your inventory at the end of each day.

A better solution would be to use a POS system with inventory management capabilities. This way, your minimart’s sales and inventory data can be synchronized. Whenever an item is sold, it will be automatically deducted from your inventory count to prevent errors during manual stock updates.

Use a Cloud based POS system

With the internet connectivity of today, a cloud POS system will help you become more productive at managing your minimart. 

Here’s how a cloud POS system makes you more productive:

1. Manage your minimart inventory remotely through an online portal.
2. Manage stock transfer from outlet to outlet easily.
3. Access sales reports and dashboards from any time through the online portal.
4. Gain critical business insights through powerful reports that pulls data from one or more of your minimart outlets.
5. Scale easily as you can simply download your inventory list and backend POS settings into your new minimart outlet POS

Furthermore, with a cloud POS system, your data is kept secure as it is backed up onto your online portal. In the case of hard drive damage on your local POS system, your data will be kept safe and available to you on the online portal.

Intuitive POS system

Often, POS systems with comprehensive functionality are complicated to use. However, it is important to use a POS system that balances being feature-rich and easy to use. 

With an easy to use POS interface, training time for staff can be cut short so that they can quickly value add your team. Check out speeds can also be improved to make the waiting time short and keep your customers happy.

Features like quick find are also essential for a minimart POS system. It helps your staff quickly locate the items with damaged barcodes in your POS and quickly add them to the bill. 

If you are operating or setting up a minimart, drop MEGAPOS your contact details below and schedule a discussion to look for a POS system that provides the benefits you need.