Business Case for RMS First Nation POS SystemThe RMS FN POS System brings a level of control to the operations that is necessary to permit the operations to be profitable.
In addition to scanning, the Tobacco Inventory program present in the RMS FN POS System provides inventory control over the most significant items of sale in a First Nation convenience store namely, cigarettes and tobacco.
It is estimated that tobacco sales amount to around 75% of total dollar sales in a First Nation C-store (convenience store). Without solid controls on these items the chances of becoming and remaining profitable are greatly reduced. If you combine the lack of controls with lack of proper recording and reporting of tax rebates on cigarette and tobacco sales then you have a business plan for disaster.
Experience has shown that installation of RMS systems creates the necessary controls and reporting and creates profitability. In accounting terms, a positive ROI (Return on Investment).
One of the usual reactions that RMS is met with when it introduces its system to potential purchasers for the first time is the comment that “we can not afford to install RMS as we already have so much ($) tied up in our present systems”. The questions that we respond with are (1) Are you profitable? (2) Are your margins close to 20%? Inevitably the answer is No to both and the final question is:
How can you afford not to invest in a system that would make you profitable?
It makes little sense to continue operating at a loss on the basis that you have already paid for a system that helps you loose money; or, in the best case scenario, allows you to make less than you should. Make a positive step to profitability and contact RMS for information on the RMS FN POS system that meets your requirements.