What?s a point of sale & what does it do

Posted by harryjason on June 19th, 2017

There are a range of possible methods that the merchant would use to define point of sale such as a manual system, weighing machines, scanners or an electronic cash register. The merchant will typically give hardware and options for use by the customer to make payment and issue a receipt for the transaction. If you are the owner of small and medium-sized business, having a POS is essential. The POS is adapted by retail industry since different businesses have different requirements. For a grocery or candy store, point-of-sale systems aren’t just the automated sale systems but also they make good shop displays and can attract customers efficiently.

In the modern point of sale systems Melbourne, you can find many advanced functionalities to cater to various verticals, like inventory, CRM, financials, warehousing, etc. Prior to the use of POS software, all of these functions were done separately and required the manual input of information, which resulted in a lot of errors. Only large retailers were using computers when first invented to execute point-of-sale systems to computerize many of the tasks involved with operating a retail store. Generally, an automated point of sale system includes a computer, cash drawer, receipt printer, pole display, magnetic swipe reader, bar code scanner, modem and point-of-sale software. Today, point of sale software offers many more features in addition to the automated cash register. Therefore, the term POS System is gradually being replaced with the term Retail Management System.

At the starting period of point of sale systems, their only function was to band sales by department codes. This easy automation allowed retailers to analysis their daily sales summarized by department. With the invention of computer, the fast development of today's sophisticated retail management systems began. The next footstep in the point of sale development was the addition of automatic pricing. Before entering a department code and then the price of an item, cashiers could now enter the SKU (Stocking Keeping Unit) of the item and the POS would get back the price. 

Another important thing is that your job is retail, not technology. You need to rely upon your point of sale provider to supply you with onsite technicians. These technicians should have capability to install a new system properly and troubleshoot any technical problems with retail design Sydney.