Hishab

This artical we will walk through various aspects of the POS (Point Of Sale) system, here we will discover POS System form different prespective in the form of questions and answerws.

The topics covered are about purpose of knowing about POS system, what it's made up of, benefits of POS system and broad guidelines about selecting right POS system for your needs.

Why you should I learn about POS System?

Probabelly you are here for finding a right point of sale (POS) system for your retail business and It's important to learn as much as you can about it so that you can identify comprehensive solution for your business. As it will have dramatic effect on your business, the correct selection POS System can help you in multiple way and allow you to take your business to next level. Choose the the retail POS system is the one that will run your business your way.

The right POS system will give you a new level of control over your operations, increasing efficiency, boosting profits, and helping you fine-tune your business model. The wrong system, however, can be a waste of money and a source of ongoing frustration.

I could be difficult to switching from a traditional cash register to a computerized POS system initially as there are many things to consider and learn. However the benefits to your business can really worth the time and effort.

What is POS ?

POS stands for Point of Sale, which menas a checkout counter in a shop, or the location where a transection happens. In business jargon it refers to a POS terminal made up of hardware and software used for checkouts – the equivalent of an electronic cash register but much more capabel.

You will find POS (Point of Sale) System being used at supermarkets, resturants, hotes and almost any type of retail establishment.

POS is made up of what ?

There are various types of POS System, but at basic level POS Systems are nothing standard computers running specialized POS software and attached with special hardware, usually with a cash drawer and receipt printer, and often with a bar code scanner and credit card reader. Vendors often sale these systems pre-configured, or you can add these peripherals on as your requirements grow.

POS comes in various falvors, some of the highly integrated POS system comes as single unit where as as mentioned above it could be build from discreate components, but at core it's nothing but standard computer. Following list shows various perferal hardware which are generally used in POS System...

Cash Register
   Touch Screen

  Customer Display Pole
  Electronic Scale
Barcode Scanner
Electronic / Magnetic Card Reder
Receipt Printer
   Specialized keyboard
Portable Data Terminal

What are the Benefits of POS ?

The biggest advantage of POS system is the ability to get an immediate, up-to-the-minute, accurate assessment of your inventory. Each time you check out a customer, the goods you sale are immediately subtracted from your inventory list, which is maintained on the computer system. The POS systems collect vital, real-time information about business like inventory and customers information. The POS can make business owner to take more informed decision based on real data gathered as part of day to day activitiy. Some of the benefits of POS can be enlisted as below...

• Saving money with saved time and improved information about business.
• Saving time as lot's of activities relevent happens automatically like tracking inventory, keeping track of accounts.
• Running business more effectively, as you have all citicial business information at your fingur tip.
• No more guess about sales trandes, you can look at historical information from previous sales.

Shopping for the Right POS System

In looking for a POS system, the choices are many, the price can range in thousands of rupees, and the final decision can be difficult. Here are some guidelines to help.

• Inventory Features. All POS systems does sale and track inventory. But a good one will let you assess your inventory easily and thoroughly. You should be able to get list of items running low, readily add new items when they come in, account for back-orders, and even generate purchase orders to send to vendors.

• Weigh ease-of-use against functionality. Generally speaking, the more complex your orders are, the more features you'll need. But consider as well the time needed to bring new employees up to speed and the time you'll invest training them. The best systems offer a balance of both.

• Look for a system that can start small and grow with your needs. If you are on a tight budget, you can begin with a basic setup: POS software running on a PC with just a drawer and receipt printer. Later on, you can add on as your needs dictate, perhaps a bar code scanner and credit card reader to begin with, then add an inventory tag printer, pole display, or PIN debit pad. Also, you should pick a system, based on your needs, that doesn't require having someone set it up for you.