All about point of sales system

point of sales system -

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.

Touch screen POS system

Touch screen POS system role in business have widely chosen this hi-tech system over other for many reasons and even the survey that has been recently conducted is an evidence for this.

In the survey, a question has been put forth and it is, what would you think when a system usually has a high end capability like point of sales systems? The answer for this question is a known one and many people have chosen touch screen POS system due to the convenience and area of practicality it has. It had done many changes along with POS software and POS hardware in business.

An EVO Touch screen monitors are common among them and widely chosen by the customers. It looks great yet can withstand even the heaviest use applications.

The main features are:

• Sleek New Look and Small Footprint
• 15" & 17" Active Matrix Touch Display
• Rated at 50 million touches per location
• Cable Management Built into the Stand
• VESA Mountable
• Optional Integrated MSR and VFD
• 3 Year Advance Replacement Protection
• Overnight Replacement Service available

POS-X EVO Touch screen monitors combines a sleek new looks, re-enforced touch panel, and cable management built right into the base at a price point to fit all budgets.

All In one touch PCs

The all in one touch pc has digital features and the vendors can create and put stocks in order within a minute by just touching the screen. This creates some redundancy in work and gives them the direct control over their work. The customers need not wait for long time in a queue to pay their bills, it is done easily and the cashier who sits in front of the all in touch one pc can just scan the bar codes that are located on each item, and can create a bill by just touching the screen. The business transaction happens in a lesser time and it increases the sales margin of the business, but for all this to be done, these systems need the help retail POS software and POS hardware.

The sales people need not have much knowledge and with the accessibility of the screen, they can do their work with less effort. When you use the retail POS system, there is no need for you to remember any commands or shortcuts, and you only have to know few strokes on the keyboard. The touch screen POS system comes with resistive touch screen technology and there are some special sensors that have been planted in various parts of the screen for changes in resistance levels. The all-in-one touch pc are built with the screens that lasts for a long time and the preconfigured point of sales systems are available with the online suppliers so that you can ask the suppliers to program your retail POS systems based on your requirements.

The complete POS system helps your business to run flawlessly and at last you can be satisfied that you have served all your customers well. This helps to build a quality relationship with your clients and with the help of POS system implemented in your touch screen pc, you can design some loyalty points for your long term customers. Overall, you don’t need to run here and there and waste the time but instead, you can do all your work from one place within quick span of time.

Retail POS Systems

When you have implemented complete POS system in your business, then you can save more money. It is because with its increased functionality, you can know your detailed sales report and with this you will be more informed on purchasing decisions. You can even know the complete audit report even if you are away from the business.

Utilizing the complete POS system boosts your profit and with the help of POS software, every transaction is time stamped and this allows you to identify the peak selling hours. With the help of these details, you can increase the staff during peak hours and can identify the items that are sold in large in numbers.

A good point of sales system enhances you to run a more efficient business and avoid unnecessary works in your business. With the help of retail POS systems, there is no problem of double entry in orders, no guessing games around sales trends and your customers don’t need to wait for a long time. So overall it increases your customers and enhances you to provide an improved customer service.

Liquor POS system

Liquor POS system is an inventory control software. It designed specifically for retail liquor store. The point of sale reporting functions can be customized in ways that make your time more productive, more manageable and your business more successful.

Liquor POS retailer need software to use point of sale interface and provides all necessary sales functions.

With a Liquor POS System you can get the best solution for all your inventory control troubles other than quick checkout. This engages you to have a tight control over your liquor and wines. This serves as the best automatic manager to keep track of your inventory. Each and every thing that is being sold will be updated automatically and also gets deducted from the inventory's list. In this way there is ease and flexibility in managing your inventory by tracking the items in your store.

This Liquor POS System software does more than this like automating purchase orders and also keeps track of the employee’s hours and their corresponding wages.

This POS software can also be used to sell/redeem gift cards, examine your profit and loss margins and determine your top selling liquor and wines.

POS Supplies

The retail outlets and other businesses definitely need some useful supplies in their business and the POS supplies are the right supplies that you need in your business transactions.

POS printer

• The POS printers have various features and it sits next to cash registers and print out the customer receipts.
• It can print more number of customer receipts and also, with the help of these POS supplies, the vendors can print sales summaries, customer contracts and survey invitations.
• The POS printer generally uses the designated cable for sending and receiving signal to the cash drawer.
• Some of the POS printer models come up with cheque slop for reading and processing made by cheques.

Cash register supplies

• This is the most basic system used in any business and the POS cash drawers are generally used to store credit card receipts, money and other paper works.
• These cash drawers generally receive a signal from receipt printers or computers and it is as compatible with steady opening and closing.
• It is controlled by the back office server and programmed to open after designated tasks or digital commands.

Bar code Scanner

Barcode scanner is an efficient and accurate way of sales at your checkpoint station. This is the reason to use Barcode scanner in small businesses and for major food chains.

Many POS Software applications have barcode label printing capability. So, you can print labels from inventory items database.

Once you have applied barcode labels to all your selling items, you can ring them up by simply scanning with barcode scanner. You can able to save time and reduce errors.

 

Categories of Barcode scanners:

Attached Barcode scanner:

•  The name implies that Barcode scanners were attached to your computer via cable
• Perfectly suited for checkout counter POS stations
• Use special Y cable that allows you to share keyboard and barcode scanner on same computer

  Portable Barcode scanner:

• Portable Barcode scanners are much expensive
• It allows you to take the scanner to where the items are instead of other way around
• It consists of small computer, data storage and Barcode scanner integrated into handheld unit

Computerized POS Cash Drawer

old-fashioned-cash-registers

A cash register is considered as dumb because of the following reasons:

• It tells you only how much money your business has taken.
• It can tell you that you took in $400 but it can’t tell you how much profit and worth it is.
• It can’t tell you which favor is more popular like either coke or Pepsi.

computerized-PO-cash-drawer

But, a computerized POS can instantly tell you that you have $400 in your cash drawer. It will tell you $350 of that $400 is profit. It tells you that your customers favor coke over Pepsi. It will also tell you what items you should order today because your stock is too low.

 While cash registers are improving they are still being out placed by the rapid growth of Point of sale systems.

Restaurant POS systems

Restaurant POS systems has the ability to increase managerial control and transform the business into a smooth running, efficient, customer pleasing, community involved establishment.

Restaurant POS systems can be installed onto existing equipment in the restaurant by technical support and are easily customizable for multiple food service establishments. The POS system in restaurants acts as a best theft control system and incredibly designed software and is able to be customized to meet the unique needs of each food service establishment.

The major problem in any restaurant is theft and particularly it is due to neglecting of servers to charge for customer items. When the server fails to charge for the customer order, it creates a loss. So the restaurant pos system can track exact order details such as by whom it has been ordered and whether it is paid or unpaid.