Are retailers investing enough in technology?

There was a time that small retail shops would open up with just the merchandise they were selling and a basic cash till. Its not so anymore, as small retailers are adopting technology as part and parcel of the retail trade, making inventory and accounting management systems much more streamlined and professional.

For one, the price of this kind of technology has reduced substantially in the past few years and retailer are allocating a portion of their budget to it unlike before. Most small retailers were put off by the heavy start up costs associated with just setting up such as system, besides the monthly maintenance.

Newer retailers are being able to see the long-term benefits of investing in technology and software to help their business grow and also work as a long-term investment in the business. In many ways, Wal-Mart has contributed to creating such as system, with its own reliance on technology in every aspect of its operations.