An Introduction To The Point Of Sale System

Posted on October 10, 2015

In an era of technology, you might already be aware of the importance of computers. People rely on this device to a great extent to carry on their day-to-day activities. Not only are they useful in an organizational context, but they are beneficial for domestic purposes as well. Most importantly, computers are utilized to the maximum extent by small business owners. Amongst its many uses, the point of sale systems is the most commonly known. If you are unaware of the system, look below for some insight.

History

One of the worst things about retail shopping is waiting in the counter or checkout line forever. This is was one common problem that types of retail stores had to deal with regardless of their size and reputation. Cashiers had to manually check and cash the purchases while it was really difficult to analyze the profitability of the store. This problem was reduced to a significant extent after electronic cash registers were introduced. But the problem of managing an organized and efficient billing system remained.

The Introduction of POS

These desperate conditions are what influenced the system’s entry into the retail industry. This system uses a combination of software and hardware reduces the time and effort spent on the financial transactions with the customer. All the consumer has to do is to take the purchases to the register. The cashier will scan the prices and input them into the computer via a handheld scanner. The POS system has the ability to calculate the total amount of all the purchases, add sales taxes and make discount reductions. It also stores all these information and adds each customer’s purchase to the database which can be later used for marketing analysis.

The Software

Not all retail stores can afford the POS system. In order to make it affordable for their business, retailers only automate features that they need and use the most. This alleviates the need to use an expensive set that can be time consuming as well. The services required of the system are to process bills, purchases, discounts, taxes and other transactions. This software can also be used for customized services such as loyalty cards as well.

Hardware

It is important to choose the right hardware subsequent to the software purchase since the compatibility of both systems is every important for the effectiveness of the equipment. The hardware system usually includes the computer, the receipt printer, cash drawer and the display screen.

Sometimes, the hardware and the software will not be compatible with each other. In such cases, a vendor’s assistance will be required.

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