Point of sales (POS) refers to capturing data at the time and place of sale. Point of sale systems use computers or specialized terminals that are combined with cash registers, bar code readers, optical scanners and magnetic stripe readers for accurately and instantly capturing the transaction.
Point of sale systems may be online to a central computer for credit checking and inventory updating, or they may be stand-alone machines that store the daily transactions until they can be delivered or transmitted to the main computer for processing.
Features Of POS:
- Customer Retention: Retain more customers through better customer satisfaction
- Targeted Advertising: Send ads to customers based on buying habits
- Custom Price Levels: Give discounts to frequent buyers using price tiers
- Mailing Lists: Print your own mailing labels using mailing label
- Inventory Control: Make better use of your capital
- Inventory Reports: Find old stock to discount for quick sale, reconcile quantities in stock, and instantly get a snapshot of your inventory status
- Hot Lists: Discover your hottest sellers
- Profitability Reports: Find the product most profitable in your inventory
- Purchase Orders: Create purchase orders with ease. Purchase orders can be generated based on quantity in stock, lowest cost or manually
- Shrinkage: Compare reports based on quantity reported and physical quantity to create shrinkage reports
- Security: Prevent losses through cash register security features a few are listed
- Price Changes: Allow or disallow price changes at the cash register for each cashier
- Tax Status: Allow or disallow tax status changes at the cash register for each cashier
- No Sales: Allow or disallow cash drawer access using 'no sale' at the cash register for each cashier
- Exit Program: Allow or disallow cashier to exit Checkout Professional reducing the chance of computer misuse
- Bar Codes:Finally automate with barcodes
- Use UPC Codes: Use existing UPC codes to ring up sales and track inventory
- Create Bar Code Labels: Checkout Professional has the ability to create unique bar code labels for your products
- Embed Words: Checkout Professional uses the latest in barcode technology, you are no longer limited to just numbers in your barcode
- Invoicing: Here is the list of typical invoicing features
- Invoice aging allows the option of charging interests or late charge on overdue invoices
- The credit limit function specifies the maximum purchasing limit for an account
- Contract pricing for different customers
- Invoice printing and billing cycles
Advantages of POS:
- Preserves Cash Flow: Leases lower your out of pocket expenses that can free up cash for other valuable uses
- Simple Application Process: Our single page credit application is easy to complete and is all we need to approve most equipment purchases within 24 hours
- Flexible Terms Payment: programs can be customized to fit your specific cash-flow needs
- Reduces Obsolescence: Leases provide fortrade-ins and upgrades to your existing equipment that affords your company access to the latest technology
Applications Of POS:
- Department Store Chain
- POS System Manufacturer
- Retail Distribution Center
- Grocery Store
- Convenience Store Chain
- Consumer Electronics Retailer
- Pay-at-the-Pump Manufacturer
- Entertainment Retailer
- Commercial Paint Supply Retailer
- Kiosk Manufacturer