What is a POS system? Why introduce a POS system

Do you know what a POS system is?

The full name of the POS system is Point of Sale, and the English name is the point-of-sale information system. It refers to a system consisting of hardware and software that can assist with store operations such as inventory, invoicing, and invoice management.

The most common functions of retail POS systems are cash registers, purchases, business reports, etc. Different industries have different functions required by POS systems. Through the POS system, the store can improve operational efficiency and save costs. According to the data, using the POS system can bring the store:

POS System
POS systems



  • 30% reduction in the hours worked by employees in the store
  • Save 4% annual savings by analyzing invoicing and mastering inventory
  • Effectively grasp customer consumption trends and preferences, and consolidate more than 
    10 times customer preference

Below we introduce the composition and function of the POS system, you can understand the role of the POS system in the store and the benefits of use.

Difference between the POS system and cash register


The cash register is hardware, only supports the function of cashier checkout, that is, through the cash register, you can only complete the action of goods checkout, invoicing, and receipt.

POS is a comprehensive system. In addition to the cash register, you can use the POS system to complete ordering, booking, or inventory management and inventory of the retailer. In addition, the POS system can organize all operational data and organize it into reports for the boss to analyze the store's revenue and expenditure status, hot items and so on. 

Compared with the simple cash register function, the POS system can complete a more comprehensive and accurate store analysis and operation management.

 

The composition of the POS system – software and hardware

In general, we will discuss the POS system into two parts, software, and hardware. Software, the core of the entire POS system, through the software, the system can instantly record sales information and organize it into related reports. 

The hardware is matched with the peripheral items of the software, and other peripheral operations can be completed through different hardware. For example, a label printer, a scanned product barcode, and the like.

System software

The software can be divided into direct import POS software, and APP. The first is similar to the purchase of Office, the manufacturer will directly put the system into your computer. 

The other is a mobile app similar to the download, which loads the app through smartphones, tablets, etc., and then directly uses it through the smart device after downloading.

The biggest difference between the two is the way to save data: 

The imported data will be stored directly on your computer, and the data will not be backed up elsewhere. The APP data is saved in the cloud, and the data will be saved in the remote host. If the hardware fails, the data will not be affected.

The other is the way the system is maintained. The imported POS is installed directly on the personal computer by the engineer. If the software needs to be maintained or updated, the engineer must analyze and repair the individual machine. 

The APP engineer can perform maintenance through the remote end, and the software has new functions or maintenance. Users can use the latest version of the software through the update of Social media.

System hardware

The hardware is generally matched with the software according to the needs of the store.
POS system features and benefits

Many people import POS systems in order to improve operational efficiency and assist in-store management through automated management.

Location: India

Comments

  1. Best HR Software in India26 October 2020 at 21:51

    Point of sale software gives business owners a convenient way of checking out customers and of recording sales. It can keep a record of the store inventory, updating it when an order is processed. It can also print out receipts, carry out credit card processing, track customers, etc.

    ReplyDelete
  2. Mobile App Development Company19 April 2021 at 00:38

    Amazing article!
    Payment Processing, Cloud Merchant System, Cloud POS, & Business Management Software

    • No contract. No monthly fees.
    • Unique systems to fit your industry needs
    • Retail & Restaurant Options
    • Online Store
    • Ticketing & Services Option
    • Personalized Customer Support
    • With No Contracts
    Completely customizable technology with customer relationship & Inventory Management.

    ReplyDelete

Post a Comment

Popular posts from this blog

Hotel and Property Management System | Point Of Sales | Shawman Software

Image
Point of sale (POS) systems choice for eating a house, retail, salon, diversion, and for hotel/ resort properties with multiple store locations or application varieties is a tough task once bestowed I emphasize the word "apparent", as a result of really the choices square measure only a few POS Properties System . Even once gap one business location, if your intent is to expand and grow with different stores opened within the same city, completely different states, or on multiple continents,  Property Management System The proper point of sale for Property management system choice call is very important currently. think about your new business as you'd a growing kid. once you obtain the kid a replacement try of shoes, you do not need to urge a try within the precise size, however, would need them to own ensures the area to grow in so you're not back at the shop searching for new shoes each different week till they're an associat
Read more

POS - Point Of Sale

Image
Point Of Sale - POS A point of sale (POS) is the place where sales and transaction are made. It is a place where a customer completes his transaction and purchase.The merchant may issue a receipt , which is usually printed or sent electronically. Retailers use variety of tools to process point of sale transactions like electronic card readers, barcodes scanners and cash. E cash or Mobile Payment method is been used extensively. Consumer Behavior The POS is an important focus for marketers because consumers tend to make purchasing decisions on products or services at these strategic locations of the counter. Usually the POSs system is near the store exit where the consumer leaves so as to increase the rate of impulse purchases. Department stores often have POSs for individual product groups, such as apparel, appliances and electronics, in this way staff can actively promote products and guide consumers through purchase decisions Benefits of POS Systems POS
Read more