What is a POS system and how is it important to a store❓
What is a POS system and how is it important to a store❓
📍What is a POS system?
POS system is a point of sale system, short for Point of Sale System, abbreviated as “POS”. To put it simply, it is a machine located in the cashier area and connected to a barcode scanner. In the past, we often saw each other just a simple cash register. That said only sales. And it doesn't meet the needs of entrepreneurs and shop owners much.
Later, these cash registers were developed and programmed into the state-of-the-art cash register that we now know as “POS systems”. We would also call it a “POS machine”, a “POS cash register”, a “POS program” or even a “POS device”.
📍What can a POS machine do?
A POS is a hardware device that comes in the form of an iPad POS or Android POS with point-of-sale software. Able to record the purchase-sales and customer orders in detail.
As for the capabilities of POS systems or point-of-sale programs, this is not common. because I can do both
- Collect sales information
- Save expenses
- stock count
- have a membership system
- Check sales
- Identify good and bad products
- Easily browse store sales
The POS system can also check if the sales in the system match the cash in the drawer or not. This helps to eliminate the problem of fraudulent employees. POS systems are therefore considered a point of sale program that greatly reduces the burden of shop owners. When having a good POS system, it helps entrepreneurs like you to manage the store more fluently. there
What does the POS system consist of?
When asked what are the components of a POS system or POS program, we can divide it into two parts: the software part and the hardware part. Each part is different as follows :-
1. Part of the POS program or software (Software)
software or part of a program It is considered the heart of the POS system, because this part is mainly responsible for store data such as
- sales information
- stock information
- member information
- cumulative purchase
In addition, you can check all the regular customers who come to eat at the restaurant often. Which menu do you like to eat the most? Or which products are selling well - not selling well? And all of that information is usually stored in the cloud. Let store owners like you access and check important store information whenever they want.
2. Parts of POS equipment (Hardware)
The POS device covers both the programmer and the other devices that work together in the sales process, including:
- A computer is a processor for all the data associated with a POS program (old fashioned) and must be used with a monitor.
- The screen is intended to show the operation of the program. Some stores have LCD screens, but some stores have a lot of budget, so let's arrange a touch screen.
- iPad Modern POS systems will be available on iPads. Known as iPad POS, the advantage is that it is a touch screen, beautiful design, lightweight, easy to carry, easy to move. and save space inside the store
- An Android tablet or device is similar to an iPad. The Android POS is usually larger than the iPad POS. Some models have two screens and have a built-in receipt printer.
- Receipt Printer Used to print receipts for customers. There are both heat and needle types.
- Barcode Scanner It is a laser to read product barcodes or bar codes.
- cash drawer to collect money and change money for customers In this section, it will be linked to the receipt printer.
- Price display will show the price and change amount for customers to see
📍How many types of POS systems or point of sale programs are there?
Coming to the heart of choosing a POS machine, you can choose from a program or software that can be divided into 2 types:
1. POS that is a program for collecting money in front of the shop especially (Point of Sale)
It is specially designed for sales in the store. can be easy to use no complexity Often flexible in use And it helps to sell faster. Wondering what this POS system or point of sale program looks like? It's easy to notice because the interface of the program is simple, easy on the eyes, doesn't show complicated information. And there is no terminology in accounting language. It is very suitable for sole proprietorship business. or a juristic person who employs an external accounting agency to do accounting and submit reports to the Revenue Department
2. Accounting software connected to the storefront (Accounting Software)
For accounting software that has a storefront or Accounting Software, the principles of accounting software are applied to the sales of the storefront. There are disadvantages that are difficult to use and have many limitations. And then there is a process that is quite difficult to use.
As for the observation method, it can be seen that If a point of sale program or any storefront cash register program has an accounting term such as quotations, creditors, accounts receivable, or a bank check system, etc., then it is an accounting program that has a storefront part.
This POS system is suitable for companies or stores that have many branches. or working with multiple departments together especially for businesses that require their own company's accounting department to prepare financial statements to submit to the Revenue Department themselves.
📍What can a POS system do? How is it good for entrepreneurs?
That is because this point of sale program has a backoffice system with POS features that meet the following usage needs.
1. Check information at any time
With a POS system, the store owner can check all the sales volumes today. Which product sells well? Which product cannot be sold? Will be able to plan which products should be received and sold in the next lot Or you can even plan to organize promotions for products that are rarely sold out.
2. Don't be afraid of losing money.
The sales data is automatically stored in the POS program, so you don't have to worry about being misappropriated by fraudsters. Because you can check all sales data and reports by yourself. Therefore, the POS program helps to eliminate the problem of fraudulent employees.
3. Faster service
With the high-tech of the POS system in front of the shop, you can press the customer's table number to see the order information immediately. And retailers can charge quickly with this system. Plus, the system can also calculate the amount of change automatically. So you can serve customers faster. ready to welcome new customers in a short time
4. You can check stock by yourself.
With a POS system, you'll always be notified by the system if raw materials or in-store supplies are running out. You will know which products to fill before and after. Don't have to stock up on excess items to waste money. With this smart cash register, you can say goodbye to running out of stock or running out of supplies because the POS system has a stock program that can accurately manage your inventory.
5. Help plan promotions
The POS program is designed very intelligently, in addition to identifying the menu or the best-selling products. It also helps us know which menus, which ingredients, or which products are in stock. when I have this information The shop can be used to organize promotions to tempt customers, come on! It can help both sales and marketing.
6. Recognize sales at any time
Even if there is no time to enter the store, the POS program has the function to check information via mobile phone, tablet or iPad for operators to check the movement of the store anytime, anywhere. called super comfortable
7. There is a Food Delivery feature for restaurants.
POS systems today respond to restaurants better with the Food Delivery feature, especially restaurants in the COVID-19 and New Normal era that need to adapt to reach more customers. We have to admit that waiting for customers to dine at the restaurant alone is no longer enough. But restaurants must find a way to serve food to customers as much as possible and as easy as possible. So look for a restaurant POS system with delivery features. Then you can increase your store's sales easily.
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