TOP 5 POS SYSTEMS FOR WHOLESALE BUSINESSES
By Sam Nguyen
In this blog post, we will discuss the five best POS systems for wholesale businesses to help you find your business’s best POS system.
Key Takeaways
- Shopify POS: The All-in-one system allows wholesale businesses to track and manage large stock quantities easily in stores and online.
- Ive POS: Best for advanced vendor management, helping wholesalers add new vendors, record payments, and more.
- ConnectPOS: Best for omnichannel wholesale business at ease, boosting B2B E-commerce to buy online, update inventory, and refund in-store.
- Counterpoint POS: Best for wholesale businesses to reduce stock overages and shortages, along with optimizing the wholesale inventory.
- Vend POS: Best for reporting and analytics, providing wholesale and retail businesses to gain actionable insights and integrate your customer data.
What to Look for in a Wholesale POS System?
A POS system for wholesale businesses should include the following features:
- Advanced inventory management
Wholesale businesses benefit from a POS system that provides robust inventory management features such as real-time tracking, automated reorder points, and multi-location management. This ensures optimal inventory levels, preventing both stockouts and overstocking.
- Streamlined sales process
For wholesale businesses, an excellent POS system should provide a user-friendly and customizable interface, ensuring efficient sales processing. Furthermore, it should be capable of handling intricate sales scenarios, including payments, returns, and exchanges.
- Multiple payment methods/split payments
Wholesalers seeking to expand their payment options beyond traditional methods like cash and credit cards should consider a POS system. This enables to split payments, allowing retailers to distribute them across multiple gift cards or cash transactions.
Benefits of Using Wholesale POS Systems
- Improved efficiency: With a wholesale POS system, wholesalers can flexibly control orders and inventory levels. This allows them to respond automatedly to retailers and customer needs, along with keeping stock levels up-to-date. As a result, they don’t miss out on potential sales opportunities and dissatisfied customer experiences.
- Reduce fraudulent activity: Implementing various security measures such as biometrics and PIN codes allows wholesalers to minimize fraud effectively. Customers are required to authorize transactions to be completed.
- Cost savings: Wholesale POS systems aid in cost savings for businesses in the long term by streamlining operations and reducing labor costs. Additionally, they simplify the purchasing process through mobile devices without cash payments.
- Provide precise sales reports: By implementing a POS system, wholesalers quickly generate complete sales reports. The reports show sold products, best selling products, inventory status, and profit margins. Through the system, they can minimize human errors and modify marketing campaigns.
Top 5 POS For Wholesale Businesses
We present our top 5 POS systems for wholesale businesses based on extensive research and analysis. Discover wholesale-effective solutions tailored to wholesale operations, incorporating essential features and integrating marketing tools to drive margin growth.
Shopify POS
Shopify POS stands out as the best choice for wholesale businesses seeking a reliable POS system. It offers notable features specifically designed for efficient management of large-scale inventory, streamlined handling bulk sales, and effective supply chain management.
Main features
Omnichannel experiences to bulk sales
Bulk sales becomes a breeze with the Shopify POS system across multiple channels. With all sales channels accessible, wholesalers can seamlessly view detailed insights and performance metrics from a unified platform.
A range of sales channels supported by Shopify POS includes:
- Shopify ecommerce store
- TikTok
- Facebook and Messenger
- Snapchat
- In-store
Smart inventory system management
Shopify POS allows wholesale businesses to easily manage large stock in stores and online. It enables wholesalers to see automatic updates in stock levels. Moreover, Shopify POS also gives wholesale traders the convenience of easily viewing their inventory and adjust their inventory counts, ensuring accurate stock levels.
Additionally, with the ability to classify products by various attributes like size, color, or material, managing an extensive product list becomes significantly more manageable.
Payment options support
Shopify POS supports multiple payment methods, such as credit/debit cards and contactless digital wallets.
Especially with a centralized management function, merchants can effortlessly monitor in-store and online sales data, reports, and trends from a single back office, empowering them to make informed decisions for their entire business.
Pricing
Shopify POS pricing varies depending on your plan, with options from $5 to $2000 per month.
Pros & Cons
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Ive POS
IvePOS is another recommended POS system for wholesale businesses, enabling them to boost business efficiency and operation.
Main features
Vendor management
Ive POS offers a vendor management capability within its POS software for wholesale businesses, allowing merchants to easily add new vendors, access vendor purchase history, record vendor payments, etc.
Customer credit management
With this feature, wholesale store owners can set pay-later limits for customers, allowing them to provide products based on their credit limits in advance.
Stock transfer management
When managing multiple inventories, transferring stock between locations is common. IVEPOS’s wholesale business software simplifies the process of updating product transfers between different inventories, thus ensuring precise inventory tracking and management.
Pricing
To obtain information on Ive POS pricing, you are required to reach out to their customer support team for a quote.
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ConnectPOS
ConnectPOS system provides outstanding features to meet the unique needs of wholesale businesses.
Main features:
Omnichannel wholesale business at ease
Wholesalers can rapidly enhance B2B E-commerce via online purchasing, in-store payment/refund/exchange, automatic inventory synchronization between online and offline stores, along with the support for diverse payment methods.
Inventory management
Wholesalers efficiently manage multi-store or multi-warehouse with ConnectPOS’s Multi-Source Inventory system. This system helps wholesalers control orders, manage stock through scanning barcodes, and shorten stock management routines with labels.
Product and order management
ConnectPOS helps wholesale businesses interact with orders from all locations/stores, whether online or offline. Moreover, with a group pricing functionality, wholesalers can conveniently establish varied pricing for each product group to enhance their sales strategies.
Pricing
Since ConnectPOS does not provide public pricing details, you need to visit their official website or contact their sales team to request a quote.
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Counterpoint POS
Counterpoint is another option for a wholesale business POS system, serving as a powerful and feature-rich solution designed to streamline operations and drive success for various business sizes.
Main features
Create an omnichannel presence
Wholesalers manage their online orders through a unified inventory database catering to physical and online stores. They can initiate their eCommerce shops and complete orders using integrations with ShipStation, a widely recognized shipping solution.
Reduce stock overages and shortages
POS systems for wholesale business help merchants manage vendor items, costs, and lead time. Moreover, it can create multi-store purchase orders, which can be consolidated for all locations or customized for each site, thereby saving time and facilitating the acquisition of volume discounts from suppliers.
Optimize your wholesale inventory.
Counterpoint allocates products based on precise quantity forecasts, streamlines your importing process, and tracks your products effortlessly by categories and collections, as well as designs labels for all your selling units.
Engage customers better
Wholesalers can access purchase history from all store locations, make detailed customer profiles, and run unlimited loyalty programs. This provides a better customer experience.
Pricing
The Wholesale POS ranges at $159/month, per license.
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Vend POS
Vend POS simplifies check-in/ check-out orders and controls inventory stockouts or shortages.
Main features
Robust inventory management
Vend POS presents an efficient way for wholesalers to manage their inventories, thanks to its centralized inventory management feature. This functionality empowers them to handle multiple stock items with ease. Wholesalers can input an array of products with varying attributes such as color, size, and material, which streamlines their operations and optimizes workflow.
Reliable customer management
Vend allows wholesale operators to keep customer data in one location, access retailer history, import information lists, and offer discounts.
High mobility, customization, and scalability
Vend POS runs smoothly on multiple devices like iPad, Mac, and PC. The POS system operates whenever the internet connection is lost, ensuring your data is automatically saved and secure.
Pricing
Vend POS provides four pricing options: Lean, Standard, Advanced, and Enterprise.
- The Lean Plan starts at $69 per month, billed annually, or $89 billed monthly.
- The Standard Plan costs $119 per month, billed annually, or $149 billed monthly.
- The Advanced Plan costs $199 per month, billed annually, or $269 billed monthly.
- You need to contact Vend support teams for the Enterprise Plan to get the quote.
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FAQs: POS For Wholesale business
Wholesale POS systems can integrate with accounting software, customer relationship management (CRM) software, eCommerce platforms, and warehouse management systems.
- Accounting software allows wholesale business owners to manage financial transactions
- CRM software helps wholesalers keep tabs on customer information
- eCommerce platform enables seamless integration between the wholesale POS and online stores
There are some essential factors to help wholesalers choose the best POS system:
- Functionality and features
- Scalability
- Integration capabilities
- Mobile functionality
- Flexible payment method support
- Security
- Cost & pricing model
- Reviews & reputation.
When looking for a point-of-sale (POS) system for wholesale businesses, it is essential to consider the following features:
- Handle various forms of payment
- Effortlessly track sales
- Check inventory management
- Create an online ordering and payment system
- Carry out Loyalty Programs
- Provide multiple layers of security from fraud and theft
Bottom line
Here’s our list of the five best POS systems for wholesale business. We hope you can choose the right POS system for your business to boost operation and profitability.
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