When the customer is done with retail buying, they go to the point of sale where the total amount of what they owe is calculated. There are various ways the amount the customer owes is calculated; weighing scales, and barcode scanners are used. There are various payment options for the customer’s goods, the most common ones being pay in hard cash or use of credit cards. Price tags are being phased out as business embrace the POS systems which screen the bar codes on products. POS systems allow for storage of information in the database, therefore, stick control has been made easier. One can restock in good time as the POS system also alerts you when a product is out of stock. The POS system makes it easier to key in information on change of
prices and discounts made during sales.
Goods are tracked easily and this has helped improved inventory management. Clients can order for goods before they reach the shelves thanks to the invoicing feature on the POS systems. POS systems are faster and this goes a long way in improving a business’s customer service. The systems’ ability to generate accurate reports at programmed intervals has cut down on paperwork.
The POS system is able to keep a tab on running promotions. The receipts printed give the client details on items purchase. Employees clock in and out easily therefore the client hardly notices the shift changes. The system keeps a records of customer purchases and this comes in handy when the customer needs a refund on an item bought. Transacttions have been made easier as the client can use credit cards for purchases.
There are a few disadvantages of using POS systems. The POS system requires regular updates on its software without which the software might not function. The payments made online are at risk of online theft.
There are various factors one needs to put into consideration when buying a POS system. The quality of the POS system. Put in mind the software you will be using and how efficient it will be for your business. Cost for the POS system plus the cost for the extra features will determine the system one will buy. To efficiently track data, there are software you will need to purchase that will help you do so. ensure that your system’s software allows you to retrieve data so that analysis can be made easier.
The POS system you select should be user friendly to cut down on time spent teaching the employs how to operate the system. Having a team of technicians conversant with the POS system will come in handy should you encounter a problem.