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Friday, January 6, 2012

Point of Sale (POS) - Part1


Point of sales (POS) or checkout is both a checkout counter in a shop, and the location where a transaction occurs. Colloquially, a "checkout" refers to a POS terminal or more generally to the hardware and software used for checkouts, the equivalent of an electronic cash register. A POS terminal manages the selling process by a salesperson accessible interface. The same system allows the creation and printing of the voucher.

Benefits of a Point of Sale (POS) System
  • Save money with a POS system: A computerized point of sale system can cut down on shrinkage (the inventory that disappears from your store or restaurant) due to theft, waste, and misuse. It can also ensure that every item in your store or on your menu sells for the correct price and generate detailed sales reports that can help you focus on higher-margin items.
  • Get more information with a POS system: Know where you stand at any point of the day. A POS system can instantly tell you how many of a particular product have sold today (or last week, or last month), how much money you have in your cash drawer, and how much of that money is profit. Detailed sales reports make it much easier for you to keep the right stock on hand. Track inventory, spot sales trends, and use historical data to better forecast your needs. Often, POS software can alert you to reorder when stock runs low. Plus, it allows you to collect the names and addresses of your best customers as part of standard transactions, which you can then use for targeted advertising and incentive programs.
  • Increase productivity with a POS system: POS systems can dramatically reduce the time you have to spend doing inventory, sales figures, and other repetitive but important paperwork. The savings here: time and peace of mind. In retail settings, barcode scanners and other POS features make checkout faster. Restaurants will find their order process greatly streamlined as orders are relayed automatically to the kitchen from the dining room. In both cases, your customers get faster, more accurate service.

Cheers
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4 comments:

  1. Most of the payment devices are not as flexible as the EPOS. They are widely popular in bars, restaurants & hotels. Reservation & table booking are made easy this EPOS software!
    Restaurant epos

    ReplyDelete
  2. thats the good explanation for point of sale. If you are looking for the best point of sale solution then go ahead with DucePOS Point Of Sales Solution.

    ReplyDelete
  3. Hi!
    I'm the owner of a small store in North Florida, looking for any POS system that I can implement in my business,can you recommend me please any POS system that I can use in my store?After monitoring POS system market I find only this POS company in my area
    pos-fl.com/

    ReplyDelete
  4. Thank you for your article!I also use POS system for my business in Illinois.I find this one company
    http://pos-il.com/
    It's good for my store!

    ReplyDelete