A POS system increasingly must support multiple and varied client-side terminals and interfaces. These include a thin-client Web browser terminal, a regular personal computer with something like a Java Swing graphical user interface, touch screen input, wireless PDAs, and so forth.
Furthermore, we are creating a commercial POS system that we will sell to different clients with disparate needs in terms of business rule processing. Each client will desire a unique set of logic to execute at certain predictable points in scenarios of using the system, such as when a new sale is initiated or when a new line item is added.
Point-of-sale systems have replaced traditional cash registers, largely for functionality reasons. POS systems, as they are sometimes called, are relatively easy to use and help provide valuable data for important decision makers. In order to keep up with the record-keeping needs of small and mid-sized businesses, a good point-of-sale system is a must. Web-based point-of-sale systems are preferred over software based pos systems because they are easily upgradeable, and feature access from multiple computers.
A good point-of-sale system records each sale or transaction. This allows you to immediately match your company’s sales with inventory. Those two numbers should always match, assuming data is entered accurately into the system. In most instances, if your sales and inventory numbers don’t match, your point-of-sale system will bring discrepancies to light. You may even discover the cause of your inventory shortage and prevent fraudulent activities.
Its easier to adjust your prices using a point-of-sale system. With the system, you don’t have to use employees to change prices with an old fashioned price gun. Enter the adjusted price information for the clearance item and it will be updated to the entire system. This results in using employees in a more efficient way.
With a point-of-sale system, you can enter promotion codes for customer discounts. This provides you important feedback, such as whether the promotion helped improve sales. Various discounts and coupon usage can be tracked using a point-of-sale system. Your system may also be able to store such information as how many coupons were presented in a certain week or the total dollar amount of discounts given over a month.
You can have your point-of-sale system tailored to your industry. Every industry has different needs. For example, the sales tracking needs of a restaurant are different from those of a retail vitamin chain. Resutrants may require a point-of-sale system capable of tracking items like appetizers or entrees sold, while a retail vitamin store may need to track sales by brand name or per bottle size. Some point-of-sale systems are expandable in terms of growing with your business.
If you have more than one location, a point-of-sale system will streamline operations between locations. In other words, you’ll have more consistency in issues like pricing from one location to the next. Furthermore, your point-of-sale system will ensure consistency in terms of maintaining accurate inventory.