What
is Point of sale?
The point of sale
(POS) system is the place where your customer executes the payment for goods or
services bought from your company.
In
technical point of view we define (POS) as “A
point of sale system is a combination of software and hardware that allows
merchants to take transactions and simplify key day-to-day business
operations.”
Here are basic two parts of POS;
1.
Software Components
2.
Hardware Components
1.
Software
Components;
There
are two types of software deployment
1)
On-Premise
2)
Cloud Based
a.
On-Premise;
Which
software’s, A person purchase one or more license and install on his own system
or server and he is in-charge of software updating and maintaining the
software.
b.
Cloud Based;
Also
known as software as a service (POS
Solution). A user access these kind of software’s through internet. If your
internet gone down, most system track your sales and sync them when your
internet working properly.
2.
Hardware Components;
Here
are also some types of hardware components
i.
Register Screen
ii.
Barcode Scanner
iii.
Credit card Reader
iv.
Receipt printer
v.
Cash Drawer
1.
Register Screen;
Standard
monitor that displays the product database. Enables other functions, such as
employee clock-in and viewing sales reports. Tablets—especially iPads—are
popular for replacing bulkier monitors.
2.
Barcode Scanner;
Automates
the checkout process. Scanning barcode pulls product info and adds its to the
checkout point. Information of product saved in a barcode and barcode scanner
access that data. When we scan that bar code than scanner access through the
backend software.
3.
Credit Card Reader;
Secure and EMV-compliant credit card readers are extremely
important for retailers since the
EMV payment standard went live in 2015, and
non-compliant retailers face potentially huge losses on account of fraud
liability.
4.
Receipt printer;
Email and text receipts are gaining popularity, but paper
receipts are still important for providing customers with a quick snapshot of
their purchase. You can print employee sales totals, hours and other
information.
5.
Cash drawer;
For the security purposes of money now a days peoples are
using cash drawer. You need a secure place to store cash for transactions.
Additionally, there are no credit card fees tied to accepting cash.
Parts
of POS system;
1.
Sales
Reporting
2.
Customer
management
3.
Inventory
Management
4.
Employ
Management
1.
Sales
Reporting;
Its access and delivered through
internet. This data collected from the sale of point and store in database for
future analysis.
By running report based POS system
on this information you can make better decision about ordering and
merchandising.
2. Customer Management;
Retail ADVANTAGE POS Software allows you to keep an extensive record of customer information. You can store their address, the particular stylist they continually receive service from, birthdays and types of referrals. We have also included optional fields that you can set up for keeping more information.
Point of sales systems are checkout locations in business operations where transactions occur.Having a POS with inventory management capabilities (and using them) is the best way to make an impact on your business.
In this portion of POS system we store data of employees like attendance their basic information and their salary etc.
