The history of point of sales systems is quite interesting. The system started with the old-school cash registers. A cashier would sit behind the register. You would have to take your items to the cashier who would then manually calculate the bill for you. Sometimes, they were not aware of the price of a certain item. It would take a long time to determine the right price. Otherwise, you would simply be forced to drop said item from your cart. The stores also often ran out of products that were in high demand.
Now, however, the entire scenario has changed. The new point of sale terminal works in a far more advanced way. It has a barcode scanner which the cashier uses to scan each product. The price is fetched automatically from the database. The total bill is then calculated at the end. The customer can then pay by cash. But now, the POS terminal also houses a credit card reader which you can use to pay the bill with minimal hassle. The retail POS system even handles the inventory management aspect of the business. It reduces the stock quantity automatically after every sale. Some advanced features also send managers a notification when stocks are running low. Managers can also view sales reports generated by the POS system.
Since our needs keep expanding every day, the latest POS system comes in a mobile version. For example, you can run them on smart devices. Many firms have developed specialized software for this version. Vend, for example, is one popular iPad POS system software. With the help of mobile POS, employees can serve customers more efficiently and quickly. Delivery persons can also collect payments from the customers’ houses on their smart devices.
There is one more major advantage of POS systems. With the help of the POS, restaurant owners can increase customer loyalty. Their workers become more efficient and quick. The customers are thus left satisfied with the services provided to them. Even hotels and hair salons now use POS systems to gain an edge over their competitors.
Thus, sophisticated point of sales systems are very advantageous for businesses. They can also be integrated with the inventory management system. Thus, they help businesses achieve a more stable position. It helps maximize sales and profits, and also increases customer satisfaction. Hence, POS systems are one trend that is likely to keep advancing to improved levels.
— Kervin Marketing (@KervinMarketing) 30 de mayo de 2017