Point of Sale

If you’re wondering how to enhance your business using modern techniques then you have come to the right place, we at USOM IT Solutions give marketing and business development ideas to enhance your business to the point from where customers start raining on your website. This article is about POS (Point of Sale) and how useful it can be for your business. 

What is a Point of Sale?

Point of sale (POS), a critical piece of point of purchase, refers to a place where a customer executes a payment for goods and services and where sales taxes may become payable. It can be a physical store, where POS terminals and systems are used to process payments or a virtual sales point such as a computer or a mobile electronic device.

This is the definition of POS but we know that definition can’t entertain you as you will not be able to go to the inner or actual meaning of the definition. So, let’s go through the example of the Amazon website.

Amazon uses POS that enables it to maintain its sales and purchase together at the same time. If a customer buys something from amazon then it enables them to bill and pays directly from their computer or phone to amazon without interference from the third party. 

What are the benefits of using POS?

If you are a business owner and you go through many problems like billing, payment calls, inventory and many other things then POS is the best solution for you

Let’s discuss the problems and how they can be fixed with POS?

 Earlier you have used or currently using an electronic cash register and software to fetch data from your cash register to maintain the accounts but with POS you can directly bill and maintain your accounts together at a time without using any previous methods which created confusion and discrepancies in the accounts.

Using POS integrated technology to track discrepancies in pricing or cash flow that could lead to profit or loss or interrupt sales. POS systems that monitor inventory and buying trends can help retailers avoid customer service issues such as out of stock, sales and tailoring purchasing and marketing to customer behaviour

What a modern POS should offer?

A modern POS should offer specific features that will help you out rather than burden you with extra problems.

Inventory Management

 Inventory management is the most important task of business handling because many business owners lose track of their inventory using old methods and can identify whether they are standing in loss or profit.  For your ease and comfort let's talk in bullet points so you can save your time and understand better about the POS.

  1. Scan and count products digitally 

  2. Manage your stock by creating product variation on the basis of size colour texture and others 

  3. Identify the pieces of inventory with unique serial no. 

  4. Track inventory levels across multiple locations.

  5. Enable seamless ordering such as automatically setting custom records for best selling.

  6. Consolidate purchases and orders in one order.

Employee Reporting Management

Having a record of employees at the same place benefits you as a good employer because you can track their performance and take action accordingly about them. A good  POS should offer listed features of reporting management 

  1. Add employees to your system

  2. Create and modify schedules for employees based on their forecasted activity 

  3. Email schedules to the employees 

  4. Track employees’ weekly and overtime hours.

  5. Analyze who are your top performers 

We hope that now you know about POS and how to differentiate between a good and bad POS also. For other business solutions like how you can enhance your business with little investment and brain, you can visit our website’s blog section.