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Electronic point of sale or Epos system is the latest entrant into the retail business world that enables better inventory management and easy check out process. This makes the whole retail business an easy and enjoyable affair while enabling a better monitoring of profits.
If you are trying to grow your small to medium business you have to be able to keep up with the competition. Very often those with whom you are competing have the capital and buying power to invest time and money in the top of the line sales and inventory systems.
In days gone by companies of every sizeoperated in pretty much the same manner. Inventory was individually priced and listed beside the manually operated cash register. The sales clerk would run their finger down the list, find the item and punch in the numbers. Then a drawer would fly open so that they could make the change.
If a product was running low, it was noted visually. Someone would say "we're down to the last half dozen cans of soup." Then either a mental note or a penciled note would be jotted down in a stock book, ready for the next run to the wholesaler.
Larger companies would operate. Similarly, the only real difference was that they had the luxury of employing more people. The larger the company, the larger the clerical staff. Gradually barcodes and barcode scanners came into usage.
When computers came into the mix, they were based on the old DOS system, which was difficult to use. In some companies, management would go on long training seminars. Other folks, when faced with the complete overhaul of sales, merchandising, and inventory control, simply took early retirement.
These days a small to medium sized company can have a state of the art POS or ePOS system up and work almost immediately. The costs are not out of this world and will be recouped in short order as efficiency takes over from inefficiency. It is needless to say that choosing the right system is vital to the success of the business venture.
The hardware of an epos system is the key to success as a non-functional system would cause irritable jamming and ultimately the business will suffer in the long run. It should be in sync with the modern trend and style as it showcases the décor and elegance of your shop. Another thing to consider about hardware is the durability. Irrespective of small differences in initial investments, a functional and stylish hardware will pay you handsomely in the long run.
The data transactions involved in a point of sale system is to be streamlined with adequate security covers. The factors to consider in this regard are:
* Security. Recent revelations regarding unbelievable hacking cases in online business make it crucial to have your system fault proof. All the transactions should be encrypted, and no details of the customers or credit cards should be stored. It is better to go with the modern trend of the cloud-based system rather than conventional PC based ones as the former is almost beyond the reach of viruses.
* Accessibility. The data should be accessible at any location and at any point of time for the ease of both customers and business owner. Systems compatible with smartphone applications is a must in the present context, and is a must for ecommerce POS/EPOS systems.
The PO system you select should be the easiest one to use as it would enhance better customer satisfaction and thereby sales. On the contrary, if the system is inconvenient to use, the results will not be encouraging for obvious reasons.
Similarly, the after sales service is crucial as the training of personnel and other related aspects need to be smooth and easy. In a case of any issues popping at a later stage, the assistance from the OEM team should be fast and prompt to ensure unhindered business transactions.
The system you opt for should be able to accommodate future advancements in technology and other trends, which is substantial for our Amazon POS/EPOS Systems. Otherwise, it will be obsolete within a few blinks of the eye, and all your investment will be in vain.
Best of all your new POS or ePOS system is simple and quick for your staff to learn. Screen layouts are very intuitive so that with a quick training session, people who are uneasy with computers, can master what they need to know in a jiffy.