| of us remember the early days when retail systems | | | | such as biometric scanners, scanners that can |
| were just a cash register. With the changes in the | | | | process coupons and other methods of discounts, |
| consumer shopping practices and the development of | | | | mobile POS, self-serve point of sale, and the ability to |
| innovative computer technology, there are now retail | | | | price check. Check readers are helpful if a business |
| systems that meet the demands of shoppers and | | | | cashes personal checks. It helps decrease the |
| businesses. Advanced point of sale equipment on the | | | | incidents of fraud. As well, POS comes with effective |
| market has now provided businesses with the ability to | | | | security controls such as devices that process PIN |
| choose from a broad range of retail systems. Before | | | | numbers, magnetic cards, or fingerprint IDs. POS |
| selecting a retail system, it is important to understand | | | | devices are found in businesses that cater to |
| the function of these systems and their benefits. | | | | customers such as retail stores, |
| A point-of-sale (POS) system is a computer | | | | restaurants…etc. |
| replacement for a cash register that performs a wide | | | | With some retail systems, you can buy your own |
| variety of functions. The components of POS | | | | computers and then buy the POS software for your |
| systems can include a personal computer with a | | | | business separately. You can even add scanners to |
| monitor, keyboard, and mouse. They are even | | | | read barcodes. There are also laser scanners |
| equipped with touch screens. Not only do these retail | | | | available for faster and more efficient processing. |
| systems perform sales transactions, they can mange | | | | Point-of-sale software has allowed businesses to |
| store inventory, track customer orders, process | | | | create customer profiles that give them the ability to |
| payments using a number of different methods such | | | | track the most popular products and determine what |
| as credit cards, debit cards, and gift cards. One can | | | | products they should market based on their |
| acquire magnetic stripe readers to process credit | | | | customers’ shopping preferences. This is helpful |
| cards. This feature can be built into the keyboard or | | | | for establishing special promotions to target their |
| stand as a separate device. | | | | customer base. As well, retailers can offer special |
| A point-of-sale system can be connected to other | | | | promotions and customer loyalty programs to promote |
| POS terminals, as well as another server. You will | | | | customer loyalty and product branding. |
| have access to all information and view it from one | | | | Point-of-Sale retail systems are essential for operating |
| central location. You can even access information | | | | a successful business. Point-of-sale equipment is |
| from a wireless device. As well, sales reports and | | | | designed to help a business operate smoothly and |
| inventory reports can all be downloaded into one file | | | | efficiently, increase sales, and improve the |
| allowing for easy and efficient tracking and managing | | | | customer’s shopping experience. To find the |
| of the business. | | | | right point-of-sale equipment to meet your business |
| There are a number of different application programs | | | | needs, it is important to find modern point-of-sale |
| and I/O devices that can come with the POS system. | | | | equipment that saves time and money. |
| This has allowed for a number of innovative features | | | | |