In this part of the world, where everyone thinks a POS (Point Of Sale) is a payment device supplied by a bank to its business account holder(s) for the purpose of allowing the business owner’s customers make payment(s) with their Debit (ATM) cards. It is important to let the general public, particularly owners of sales stores know what is POS and how it can improve their business.
Point of sale (POS) refers to the capturing of data and customer payment information at a physical location where goods or services are bought and sold. The POS transaction is captured using a software and a variety of hardware which include computers, cash drawer, optical and bar code scanners, receipt printer, customer display, credit/debit card readers, or any combination of these devices.
Point Of Sale (POS) system lets you track usage, know when you need to reorder, analyze inventory levels on an item-by-item basis; record each sale when it happens, so your inventory records are always up-to-date; with this, you get much more information about the sale than you could gather with a manual system.
You can analyze sales data, figure out how well all the items on your shelves sell, and adjust purchasing levels accordingly.
It will ensure not only that bills are calculated accurately but it will also eliminate the chance of a wrong price being entered. Also this will prevent theft and help to monitor employees.
Even with all the benefits,a large number of one-store retailers are not using a POS system.
Implementing new technology can be scary and overwhelming. As the POS is the central nervous system of a business, it might be intimidating to think about replacing it. That’s why so many retailers have not made the switch yet.
let us know what you think…