3 Reasons Why Your Store Needs a POS System
by Zahra Casey I’m Zahra. I’m a Digital marketer living in AhmedaSmall
and large businesses require point-of-sale (POS) systems to complete sales
transactions. It is the point where a customer makes the payment for goods or
services. POS systems perform simple tasks such as processing cash payments to
complex tasks such as inventory management and sales reporting and analytics. POS
systems software can be categorized from a technical and business perspective.
From a technical perspective.
The different kinds of POS systems –
·
Terminal POS:It is a device with a blend of hardware and software that is
used in physical stores. It is used when the customer checks out his purchases.
·
Online POS :Retailers
who do not have a physical store can use online POS solutions. They can log in
to the system and conduct transactions. These systems can be hosted on-premise
or in a public or private cloud
·
Mobile POS:Mobile
POS systems can process customer payments for products and services through a
payment processing application on a smartphone or handheld device. It is useful
if the customers who do not want to deal in cash and also in today’s digital
business world where cashless transactions have gained traction
·
Self-Service POS:Self-service POS systems allow customers to input the requisite
data and check out purchases on their own. These POS systems need not have any
operators and are used in use cases where sales personnel are not required to
be physically present to manage the sales process.
1. It saves time
o Speed up the checkout
process – Scan it and bag it. Every item with a barcode can be easily scanned
and tagged. You also have the option of accepting payments anywhere in your
store. Just carry an iPad or iPhone enabled POS system with a credit card
reader and you’re ready to go.
o Speed up Inventory
management – With a built-in inventory and barcode scanning system, you won’t have to rifle through many options
when ringing up a sale. It’s automatically deducted from your current
inventory, so you won’t have to manually do it.
o Faster payroll
processing – The system will automatically compute payroll and can even print
out a pay slip for your employees. No more logging in manually.
2. You’ll be in the know
o Up to the minute sales
reports – Numbers don’t lie. Know how much you’re selling and if you’re on
track or not.
o Real-time inventory
tracking – With real-time inventory tracking and management, the system will
alert you when you’re running low, complete PO’s and track your vendors.
o Know what’s hot and
what’s not – Want to know what your best sellers are and who’s selling the
most? The reporting capabilities of the POS system can take care of that for
you.
3. Better CRM
o Up to date customer
information – You can email receipts to your customers, so updating their
information has never been easier. You can also send them emails on sales and
specials.
o Customer Rewards –
Know your customers better by tracking what they buy and offering them points
for every sale.
o Loyalty
programs – Discounts and freebies can easily be managed for loyal
customers.
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Created on Apr 1st 2020 09:22. Viewed 273 times.