The POS (point-of-sale) system allows customers to do the transaction digitally and keep track of sales transactions, inventory transactions, and provide a receipt to the customers. POS systems can also keep track of the customer’s history and provide a clear report on customer activities. It allows management to get an instant report on sales, purchase, and stock. The POS system is an integrated thing of hardware and software.
The use of the POS system
Generally, a skilled range is required for managing and marketing retail stores such as monthly sales reports, calculations of sufficient stocks, and also a skilled range to ensure that the store or store is operating properly. For so long, it would have been done manually or by handwriting, which would have required more time, labor and staff. The POS system is used to solve these problems.
It is most commonly used in different shops or restaurants. However, its use in various wholesale shops or showrooms or in super shops is also worthwhile.
Whatever you need to use the POS system
1 / Monitor or Tablet: You need a monitor or tablet to display all the data in your store, but a monitor is best.
2 / Barcode Scanner: All product information will be using the barcode scanner; It will take less than 5 seconds to know the price, quantity, weight, etc. As a result, it is often considered as an automated process. So, a barcode scanner is required.
3 / Credit Card Reader: A credit card reader will be required, as most consumers are currently comfortable with credit cards.
4 / Receipt Printer: All the details of what a buyer buys and the item will be written to the receipt which he can then compare. So a Receipt printer is very important.
5 / Cash Drawer: Hand cash very well practises in most developed countries, but it is still the king in many countries. Most buyers still prefer to provide cash so a cash drawer is a must for better serving to the customers accurately.
6 / POS Software: POS software that manages all the hardware and accomplishes and integrated task. It also generates accurate reports of everything related to sales. Many countries like in Pakistan, Bangladesh especially in Asia off-the-self POS software can be purchased separately but in some countries for example, in Bangladesh customised POS software is very popular.
However, the POS system does not do the full accounting of the whole company so an integrated Accounting System will be the best choice to fully automate the shops.