Tuesday, March 29, 2011

History of point of sales system

Olden POS system:

Retail business have improved a lot and one of the reason for such improvement is point of sales system and when you see the history of POS system, it was first the cash register that was designed to compute the amount of products and then a printed computation was introduced. The cash registers that were used those days are simply like a calculator and then the cash registers had some password mechanism in which the owner only can access this register. Then in 1970’s the IBM introduced the modern cash register and after that many companies introduced their own product. This continuous improvement in the retail business leads to the birth of point of sales system. The POS are also referred as point of purchase and the POS terminals were generally POS hardware and POS software. With the help of complete POS system, you can manage the selling process by a sales person accessible interface.


Modern POS system:

Industries like retail industry definitely needs a POS system and the complete POS equipment includes POS software, POS hardware like barcode scanners, cash registers, magnetic stripe readers, customer display, receipt printer and all-in-one touch pc to access easily. The POS software are generally programmed based on functions such as sales, returns, exchanges, layaways, gift cards, gift registries, customer loyalty programs, BOGO (buy one get one), quantity discounts and much more. With the help of POS software, you can pre plan your promotional sales and can handle multiple payment types. The all-in-one touch pc is generally of touch screen type for easy use and the vendors can access this system with ease. More tasks can be done with the POS system and you can allow the business operator to do everything that starts from ordering till generating reports on sales.

The retail business owners can do online selling, electronic payment processing, integrated accounting, marketing, video surveillance and much more in an easy way with no stress. The point of sales system enables you to get a complete control over your business and it helps to perform each and every task in a quick manner and this system makes your business to obtain a competitive edge over your competitors. The ultimate aim of this system is to increase your profit and sales. The complete POS system will be very useful in making your business perform well in the market and you can make accurate report with the help of this system.

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