In retail buying, the point of sale is the place the customer goes to get an invoice for the good they bought. There are various ways the amount the customer owes is calculated; weighing scales, and barcode scanners are used. the customer has a choice on how to pay for the goods bought and the most common method is the used of credit cards or hard cash. Many businesses are now using the POS systems that use barcode screening for products, and this has done away with the use of price tags. Stock control is now efficiently done because the information from the scanned items is stored in the business’s data base. Restocking has been made easier as the POS systems alert you when a product is almost out of stock. In cases of price changes and discounts, the information is keyed into the POS system making it easier for the employs at the stores to implement such changes.
Goods are tracked easily and this has helped improved inventory management. The invoicing feature on the POS systems makes it possible for clients to pre-order goods before they reach the shelves. 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.
It is easy to keep a tab on other activities going on such as, promotion. The receipts printed give the client details on items purchase. Clocking in and out of employees has been made easier and this helps to ensure seamless shift changes. in case of a refund issue, one can easily pull up the client’s record of purchase of an item. The system also reads credit cards and this has improved on the payment avenues accepted by a business.
The disadvantages of using POS systems are few. The software used in the POS system needs to be updated on a regular basis to ensure its efficiency and this is a cost that has to be incurred. Working with credit cards can be tricky as there is the 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. The price it will take to buy the POS system, the extra features and add-ons will determine the type of system you will purchase. It is important to note that there will be additional software you will need to purchase and install which will enable you track data. To make analysis easier, ensure your POS system allows you to retrieve data for the same purpose.
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.