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Precious time is often lost through the handling of Point Of Sale Software . Similarly, the more cash is handled the greater the security risk in stores. Fortunately, Point of Sale (POS) technology is making better control of cash in retail stores possible, resulting in benefit for both staff and customers.

Point Of Sale Apps

One German furniture company has estimated that the payment process and handling of cash at the checkout takes between 15 to 25 seconds. As this is only one part of processing pos system, 15 to 25 seconds is quite substantial time and, when the seconds are calculated for the cash handling from every sale throughout the day…till operators are spending more time on this process than most business owners would like.

Then, there is also the concern of cash robbery and theft. On any given day in a retail business, one, a few or many more employees will handle cash. Think how many different times and how many different people will handle cash in a supermarket on any one day. It is also probable that many managers are reconciling cash and making deposits, which is why they use point of sale systems.

How Do You Select the Best Point Of Sale Systems in Point Of Sale Software ?

Pos Device

It can be challenging to find the right Point of Sale software system for your business. This article provides a checklist of features you should consider when making your decision. In part one, we will look at point-of-sale, customer tracking, and security features.

Point of Sale

This is the heart of a POS system. Does it feature an intuitive user interface? Will you be able to train employees quickly? Can you customize the software for your unique needs? Features to look for:

  • Touch screen support.
  • Customizable menu buttons to access frequently sold items.
  • Customizable receipts and invoices.
  • Ability to email receipts.
  • Ability to create and manage quotes, layaways, special orders and workorders.
  • Ability to manage gift registries.
  • Ability to set up automatic add-on sale suggestions or substitutes for out-of-stock items.
  • In-house gift card/store credit tracking.
  • Ability to import tickets from a remote location, such as a trade show.
  • Ability to interface with credit card processing software. Will you need to switch to a different processor than the one you are currently using?
  • Support for electronic signature capture.
  • Support for debit card cash back.
  • Support for foreign currency.
  • Ability to calculate and track sales tax for different municipalities, different customer types, and different types of inventory items.
  • Ability to manage recurring billings, (for example, subscriptions).
  • Ability to manage tips and customer tabs
  • Ability to compute and track commissions and spiffs.

Security

Your point of sale system can help you prevent employee fraud and assist you in loss prevention. Features to look for:

  • Bad check tracking.
  • Integrated video surveillance.
  • Ability to limit employee access and rights.
  • Option to require login for each sale or after a specified period of inactivity.
  • Security tracking log so you know which employee handled a void, price override, return, etc.

POS - Point of Sale Explained

Pos Machines

Observe your typical consumer with pos system when they're out shopping and you'll see that most people will buy something that they did not intentionally set out to buy. This is down to a number of things. Call it what you will -  'an impulse buy' or 'because I deserve a treat' or simply 'I have to have it!'

I believe that the simple reason behind a large number of these purchases, are down to clever marketing and eye-catching and believable promotional displays.

Indeed - how many times yourself have you been stopped in your tracks in a store, when first your mind sees a display, then you recognise the product from the advert you saw on the TV the other day and remember that 'this promised to reduce my wrinkles instantly'

So you walk over, stop and pick up the product and read the back of the box. It, along with the literature shown on the POS display re-confirms the claim. You decide it's a bit pricey but you really want to use this product because it will reduce my wrinkles! You want to buy it, because it will make you feel better about yourself. You go ahead and buy it and leave the store feeling happier because of your purchase. You're going to look and feel better!

So, my recommended lists of five steps to increase sales of your product through cleverly manufactured POS displays are:

1. Find a company that understands the needs of you, the client and the targeted market for your project.

2. Give a clear and concise brief and understand the budget. What does your favoured cost include and exclude.

3. Understand your brand, what may or may not the display build company use.

4. Ensure your chosen company has your trust. They will go the extra mile for you.

5. Keep in touch! It's good to talk and silly mistakes will be avoided.

Finally, sit back and enjoy fantastic product sales for all point of sale software!

What Is A Point of Sale System?

Restaurant Pos

The term point-of-sale is used to describe a variety of things. This can include the checkout counter in a store or a place where transactions occur. More frequently, the phrase refers to a computerized cash register. The commonly used abbreviation for point-of-sale is POS. Each letter in the abbreviation is pronounced individually (e.g. P-O-S) versus pronouncing the abbreviation itself (e.g. paws).

When computers were first invented, large retailers were the first to implement point-of-sale systems to help automate many of the tasks involved with operating a retail store. These computers were very large and expensive. This limited the adoption of point-of-sale systems to large retailers such as grocery chains. The introduction of low cost personal computers during the 1980s allowed retail stores of all sizes to improve efficiencies with the help of pos systems.

A common point-of-sale system includes a computer, cash drawer, receipt printer, pole display, bar code scanner, magnetic swipe reader, modem and point-of-sale software. Each piece provides the following functionality:


- Personal Computer - Operates the POS software and provides hardware interfaces for devices such as printers, credit card readers and so on.

- Cash Drawer - A lock box that stores cash and is triggered to open by the pos software.

- Receipt Printer - Prints a paper copy of the sales transaction for the customer.

- Pole Display - LED display that faces the customer and shows each item and price scan.

2. Create inventory records and SKUs via the purchase order

3. Receive goods against the purchase order

4. On hand stock levels are increased based upon receiving

5. Print price tag with bar codes

6. Sell the goods via the point-of-sale cash register

7. On hand stock levels are depleted based upon SKU scans

8. Perpetual Inventory is automatically maintained

9. Generate reports on sales, inventory levels, purchases, and receiving

10. Manage inventory buying and markdown behavior based upon sales trends


As you can see, the simple point-of-sale system grew into a powerful information system for managers and store owners. Today, point-of-sale systems continue to innovate and some even include:

- eCommerce integration

- Integrated accounting

- CRM - Customer Relationship Module

- Electronic payment processing

- Gift card management

- Service order management

- Marketing

- Revolving accounts receivable

- Customer traffic counters

- Integrated video surveillance

- Open To Buy planning

- Linear inventory modeling

- Special order management

- EDI (electronic ordering)

- And much more...

As retail management systems continue to add more robust features, the term point-of-sale will continue to refer to just a module within the overall system.

Mobile Point Of Sale

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