Point Of Sale Systems and Retail Industry Are Two Things Who Need Each Other Equally (PART I)

We have started our discussion from the importance of POS systems in the retail industry then we went to the basic terminology of the system now we are discussing it in detail. A retail point of sale system includes items like Monitor or screens with touch facility, receipt printer, cash boxes, barcode scanners, debit/credit card reader or swap machines. Due to the introduction of touch screen facility need of mouse or keyboards is almost diminished. These items run freely with the help of software which is created for retail industry only and acknowledge all the small as well as big things from sales, returns, exchanges, gift cards, discounts, etc. All these functions run on few rules which get synchronized with the software hence tension-free working.

The point of sale software can also perform functions like various marketing promotional offers, foreign currency management, and multiple modes of payments with ease. With the help of this software and systems, one can reduce the risk of faults to a minimal level. As all the working is done through technology, so the chances of human error in the working are negligible.

Most of the POS units helps in the front office work and everyone has this limited knowledge only but the real picture is that POS system is used rigorously at both front desk as well as in the back office. At front desk, it is mainly used for making sales and getting the payment but in back office, it works and handles the functions like inventory control and management, purchasing, conciliation of data gathered at the front desk regarding the customers transacted at the store, sales trends and cost/price/profit analysis and what not.

All the discussion we did in this or the earlier blog specifies that the large chunk of work done in retail industry is dependent on the usage of these systems that too correctly. Either it is checking the inventory or taking the payment the use of POS system is everywhere.