{"id":366,"date":"2011-01-06T15:58:27","date_gmt":"2011-01-06T20:58:27","guid":{"rendered":"https:\/\/www.m2sys.com\/blog\/?p=366"},"modified":"2022-11-16T04:03:04","modified_gmt":"2022-11-16T09:03:04","slug":"the-top-15-reasons-to-use-biometric-technology-in-workforce-management-and-retail-point-of-service-reason-10-boost-operational-efficiency","status":"publish","type":"post","link":"https:\/\/www.m2sys.com\/blog\/workforce-management\/the-top-15-reasons-to-use-biometric-technology-in-workforce-management-and-retail-point-of-service-reason-10-boost-operational-efficiency\/","title":{"rendered":"The Top 15 Reasons To Use Biometric Technology In Workforce Management And Retail Point Of Sale &#8211; Reason #10 &#8211; Boost Operational Efficiency"},"content":{"rendered":"<p>Blog Series \u2013 \u201cThe Top 15 Reasons To Use Biometric Technology In Workforce Management And Retail Point Of Sale\u201d<\/p>\n<p><em>Leading up to our participation in the <\/em><strong><em>National Retail Federation\u2019s 2011 \u201cRetail\u2019s Big Show\u201d<\/em><\/strong> <em>from January 9 \u2013 12 in New York city, <\/em><a title=\"M2SYS Technology\" href=\"https:\/\/www.m2sys.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><em>M2SYS Technology<\/em><\/strong><\/a> <em>is publishing a blog series on the top 15 reasons that biometrics is a smart choice for retail organizations to consider as an authentication technology in <\/em><a title=\"workforce management\" href=\"https:\/\/m2sys.com\/biometric_time_clock.htm\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><em>workforce management<\/em><\/strong><\/a> <em>and <\/em><a title=\"retail point of sale\" href=\"https:\/\/m2sys.com\/biometric_time_clock.htm\" target=\"_blank\" rel=\"noopener noreferrer\"><strong><em>retail point of sale<\/em><\/strong><\/a> <em>applications.<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-16245 aligncenter\" style=\"text-align: center;\" src=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2011\/01\/improve-operational-efficiency.jpg\" alt=\"improve-operational-efficiency\" width=\"800\" height=\"445\" srcset=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2011\/01\/improve-operational-efficiency.jpg 800w, https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2011\/01\/improve-operational-efficiency-600x334.jpg 600w, https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2011\/01\/improve-operational-efficiency-768x427.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>In case you missed it, here are the links to our prior posts in the series:<\/p>\n<p>Reason #1 \u2013 <a title=\"Stop Buddy Punching\" href=\"https:\/\/www.m2sys.com\/blog\/?p=273\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Stop Buddy Punching<\/strong><\/a><strong><br \/>\n<\/strong>Reason #2 \u2013 <a title=\"Increase Productivity\" href=\"https:\/\/www.m2sys.com\/blog\/?p=290\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Increase Productivity<\/strong><\/a><strong><br \/>\n<\/strong>Reason #3 \u2013 <a title=\"Enhance Loss Prevention\" href=\"https:\/\/www.m2sys.com\/blog\/?p=314\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Enhance Loss Prevention<\/strong><\/a><br \/>\nReason #4 \u2013 <a title=\"Establish Accountability\" href=\"https:\/\/www.m2sys.com\/blog\/?p=324\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Establish Accountability<\/strong><\/a><br \/>\nReason #5 \u2013 <a title=\"Going Green\" href=\"https:\/\/www.m2sys.com\/blog\/?p=328\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Going Green<\/strong><\/a><br \/>\nReason #6 \u2013 <a title=\"Build Customer Loyalty\" href=\"https:\/\/www.m2sys.com\/blog\/?p=338\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Build Customer Loyalty<\/strong><\/a><strong><br \/>\n<\/strong>Reason #7 \u2013 <a title=\"Achieve Higher Return On Investment\" href=\"https:\/\/www.m2sys.com\/blog\/?p=347\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Achieve Higher Return On Investment<\/strong><\/a><br \/>\nReason #8 \u2013 <a title=\"Airtight Access Control\" href=\"https:\/\/www.m2sys.com\/blog\/?p=353\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Airtight Access Control<\/strong><\/a><br \/>\nReason #9 \u2013 <strong><a title=\"Solidify Role Based Security\" href=\"https:\/\/www.m2sys.com\/blog\/?p=359\" target=\"_blank\" rel=\"noopener noreferrer\">Solidify Role Based Security<\/a><\/strong><\/p>\n<p>And now on to our next post\u2026<\/p>\n<p>Reason #10 \u2013 Boost Operational Efficiency<\/p>\n<style type=\"text\/css\">\r\n.ad-area1 { border-radius: 8px; overflow: hidden; padding: 20px 10px; box-shadow: 0 0px 15px #ddd; margin: 15px 8px; border-top: 5px solid #a81010; }\r\n.left-area, .right-area { width: 50%; float: left; }\r\n.left-area { padding-top: 12px; }\r\n.left-area img { max-width: 95%; }\r\n.right-area h2 { text-align: center; padding-bottom: 0; font-size: 26px; font-weight: 900; margin-top: 0; }\r\n.right-area h2 span { color: #a81010; }\r\n.right-area h3 { text-align: center; font-size: 16px; text-transform: capitalize; font-weight: 700; padding-top: 10px; padding-bottom: 10px; line-height: normal; }\r\n.ad-area-head { text-align: center; font-weight: 900; font-size: 14px; border-bottom: 1px dotted #ddd; width: 70%; margin: 0 auto; }\r\n.ad-area-desc { padding: 5px 0; }\r\n.right-area p { text-align: center; font-size: 12px; padding-bottom: 0; margin: 0; line-height: 2; }\r\n.ad-area-desc b { font-weight: 700; display: block; }\r\n.ad-area1-learn { display: table; margin: 0 auto; background: #a81010; color: #fff; padding: 6px 20px; border-radius: 50px; font-size: 14px; }\r\n.ad-area1-learn:hover { color: #fff; }\r\n\r\n@media (max-width:320px), (max-width:360px), (max-width:375px), (max-width:400px), (max-width:480px) {\r\n.left-area, .right-area { width: 100%; float: none; }\r\n}\r\n<\/style>\r\n<div class=\"ad-area1\">\r\n\t<div style=\"overflow: hidden;\">\r\n\t\t<div class=\"left-area\">\r\n\t\t\t<img decoding=\"async\" src=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2018\/12\/RightPunch-Biometric-Time-Clock-Software-kronos-adp-m2sys.png\" alt=\"Bio-plugin-SDK\" width=\"\">\r\n\t\t<\/div>\r\n\t\t<div class=\"right-area\">\r\n\t\t\t<h2><span>RightPunch\u2122<\/span><\/h2>\r\n\t\t\t<h3>Affordable Biometric Time Clock Software for Kronos and ADP<\/h3>\r\n\t\t\t<div class=\"ad-area-head\">Key Features: <\/div>\r\n\t\t\t<div class=\"ad-area-desc\">\r\n\t\t\t\t<p>\u00b7 Increase Accountability and Boost Productivity<\/p>\r\n\t\t\t\t<p>\u00b7 Eliminate Time Theft | Reduce Payroll Expenses <\/p>\r\n\t\t\t\t<p>\u00b7 Prevent buddy punching<\/p>\r\n\t\t\t\t<p><\/p>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"ad-area1-learn\" href=\"https:\/\/www.m2sys.com\/rightpunch-biometric-time-clock\/?utm_source=The+Top+15+Reasons+To+Use+Biometric+Technology+In+Workforce+Management+And+Retail+Point+Of+Sale+%E2%80%93+Reason+%2310+%E2%80%93+Boost+Operational+Efficiency&amp;utm_medium=RightPunch%E2%84%A2&amp;utm_campaign=Blog+DisplayAds\">Learn More<\/a>\r\n\t\t<\/div>\r\n\t<\/div>\t\r\n<\/div>\n<p><strong><span style=\"text-decoration: underline;\">What Does Operational Efficiency Mean?<\/span><\/strong><\/p>\n<p><strong><a title=\"Investopedia\" href=\"https:\/\/www.investopedia.com\/terms\/o\/operationalefficiency.asp\" target=\"_blank\" rel=\"noopener noreferrer\">Investopedia<\/a> <\/strong>defines the term \u201coperational efficiency\u201d as:<\/p>\n<p><em>A<\/em> <em><a href=\"https:\/\/www.investopedia.com\/terms\/o\/operationalefficiency.asp\" target=\"_blank\" rel=\"noopener noreferrer\">market\u00a0condition<\/a><\/em> <em>that exists when participants can execute transactions and receive services at a price that equates fairly to the actual costs required to provide them.\u00a0An operationally-efficient market allows investors to make transactions that move the market further toward the overall goal of prudent capital allocation, without being chiseled down by excessive frictional costs, which would reduce the risk\/reward profile of the transaction.<\/em><\/p>\n<p>Another way to define \u201coperational efficiency is as follows:<\/p>\n<p><em>Operational Efficiency is &#8211; what occurs when the right combination of people, process, and technology come together to enhance the productivity and value of any business operation, while driving down the cost of routine operations to a desired level. The end result is that resources previously needed to manage operational tasks can be redirected to new, high value initiatives that bring additional capabilities to the organization.<\/em><\/p>\n<p>Simply stated, operational efficiency is concocting the ideal mix of employees, procedures and technology that creates maximized value for an organization while lowering costs so that a portion of previously allocated resources can be reinvested in alternate money producing initiatives. \u00a0It&#8217;s minimizing waste and maximizing resource capabilities in order to deliver quality products and services to customers.\u00a0 Weeding out those processes that affect the ability of a company to be profitable is a key component to any successful organization.<\/p>\n<p>This provides an opportunistic time to discuss the value that biometrics can bring to a retail organization to boost operational efficiency.<\/p>\n<p><strong><span style=\"text-decoration: underline;\">How Does Biometric Technology Help Boost Operational Efficiency?<\/span><\/strong><\/p>\n<p>In one of the <strong>most popular Case Studies on our Web site<\/strong>, we present a classic example of how an M2SYS end user implemented biometric technology for time and attendance resulting in a massive boost in operational efficiency.\u00a0 <strong><a title=\"Biometric technology\" href=\"https:\/\/www.m2sys.com\/products.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Biometric technology<\/a><\/strong> eliminated the need for payroll staff to input data and reconcile discrepancies enabling them to allocate time to other initiatives that were more productive.<\/p>\n<p>The key for a successful retail business is to strike a balance between the resources (e.g. employees, \u00a0facility, inventory, etc.) that are needed in order to deliver a product and the amount that is charged in order to obtain the product, tipping the scales enough on the asking price to realize a sustainable profit.\u00a0 Businesses must produce quality products at lower prices in order to gain market share. \u00a0 The argument for biometric technology as a key component in order to realize boosts in operational efficiencies is that it provides a business with a resource that eliminates unnecessary tasks that are borne by antiquated technologies while at the same time <strong><a title=\"creates a virtually foolproof way to authenticate an individual\" href=\"https:\/\/www.m2sys.com\/pos_software.htm\" target=\"_blank\" rel=\"noopener noreferrer\">creates a virtually foolproof way to authenticate an individual<\/a><\/strong> so you can rest assured that you are not being exploited by your employees, as we discussed in our <strong><a title=\"previous blog post\" href=\"https:\/\/www.m2sys.com\/blog\/?p=359\" target=\"_blank\" rel=\"noopener noreferrer\">previous blog post<\/a><\/strong>.<\/p>\n<p><strong><span style=\"text-decoration: underline;\">Tying Together The Pieces Of The Puzzle<\/span><\/strong><\/p>\n<p>With all of the other responsibilities that go along with running a retail business, it can be easy to overlook everything that may be needed to help you maximize your profits.\u00a0 Increasingly, businesses are turning to biometric \u00a0technology as a pillar of their overall strategy to maintain an efficient and competitive enterprise.\u00a0 It\u2019s no surprise that with the myriad of competing technologies, it can be difficult to sort through which would be the best application for your business.<\/p>\n<p>Fortunately, technologies such as biometrics have arrived that inject simplicity and pragmatism into an overall operational strategy that is built on a foundation of logic and feasibility.\u00a0 <strong><a title=\"As biometric technology has evolved\" href=\"https:\/\/www.m2sys.com\/blog\/?p=359\" target=\"_blank\" rel=\"noopener noreferrer\">As biometric technology has evolved<\/a><\/strong>, it has become more and more applicable to a host of businesses in many different vertical markets for many different needs.\u00a0 The key to determining if it\u2019s a good fit for your business is to <strong><a title=\"read about its accomplishments\" href=\"https:\/\/www.m2sys.com\/biometric-fingerprint-software-case-studies.htm\" target=\"_blank\" rel=\"noopener noreferrer\">read about its accomplishments<\/a><\/strong> and evaluate the merits based on what your own individual unique needs are.<\/p>\n<p>We are here to help.\u00a0 <strong><a href=\"https:\/\/www.m2sys.com\/biometric-fingerprint-products-contact.htm\" target=\"_blank\" rel=\"noopener noreferrer\">Reach out to us<\/a><\/strong> and let us know what you need so we can determine if biometrics can meet your needs.<\/p>\n<p>What are your trepidations about using biometrics?\u00a0 Do you agree that it can boost your operational efficiency?\u00a0 Please share your comments with us.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blog Series \u2013 \u201cThe Top 15 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\/>\n<meta property=\"og:description\" content=\"Blog Series \u2013 \u201cThe Top 15 Reasons To Use Biometric Technology In Workforce Management And Retail Point Of Sale\u201d Leading\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.m2sys.com\/blog\/workforce-management\/the-top-15-reasons-to-use-biometric-technology-in-workforce-management-and-retail-point-of-service-reason-10-boost-operational-efficiency\/\" \/>\n<meta property=\"og:site_name\" content=\"Digital Transformation of Government Services\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/m2sys\" \/>\n<meta property=\"article:author\" content=\"m2sys\" \/>\n<meta property=\"article:published_time\" content=\"2011-01-06T20:58:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-16T09:03:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.m2sys.com\/blog\/wp-content\/uploads\/2011\/01\/improve-operational-efficiency.jpg\" \/>\n\t<meta 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