If you plan to open a business, particularly in retail, a POS system is a must-have for your store to run smoothly. So today, we will learn everything you need about a POS system.
What is a Point Of Sale?
Point of sale is where the purchase of goods or services between customers and merchants happens, whereas a POS (Point Of Sale) system is the central link that connects inventory and customer management. POS these days are so modern and up-to-date it could do many things more than just a simple checkout counter. More examples are managing inventory, analyzing metrics, and producing reports.
Different types of POS
There are 4 main different types of POS systems: counter-based, mobile, online, and omnichannel.
Counter – based POS system
This system is traditionally used, its setup usually looks like a typical cash register. This POS system scans barcodes on the item and prints the receipts.
Mobile POS system
Even though counter-based systems are still going strong, mobile POS is making its way to retailers’ hearts. The system is easy to set up and developed specifically for mobile devices such as tablets or smartphones. With a mobile POS, you could show and sell items to customers without them walking all the way to the counter.
Online POS system
Online shoppers are increasing rapidly and expect to receive the same experience as in a physical store. The more valuable customers feel when checking out online, the more reputation your stores will gain. An online POS system is more convenient since it can sync your inventory in real time, which helps you cut back on time and effort instead of doing it manually.
Omnichannel POS system
Your online and offline channels should be in harmony with each other, meaning their databases are all syncing together, even when they have different inventories. You could avoid accidentally selling out-of-stock products and deliver satisfying customer services. This is the most important benefit of an omnichannel POS.
Why do you need a POS?
Whether you are running a restaurant, a bar, a grocery store, or a clothing store, you definitely need a POS system. But why?
A POS system is quite easy to use so it would not take much time to learn and train employees. It helps speed up the checkout process, especially during rush hours. When a customer wants to check information about a product, you could quickly search for it on your POS, ergo leading to shorter waiting time and better customer service.
Easy to keep track
Moreover, you could track your finances and staff with POS system data analyzing and reporting feature. And with its inventory management system, you could track stocks and check for any loss.
Data synchronization in real-time
If you have several stores and want to keep track of multiple outlets and warehouses simultaneously, then a POS system is a must. You could run your business from anywhere and at any time. All you have to do is access the POS on your devices.
A POS system makes your business time and cost-saving. You would have greater insight and improve your customer experience. Advanced POS systems such as ConnectPOS will offer you services to elevate your business. Contact us for more information!