If you are running a retail business, a point-of-sale system, or POS system, is an absolute essential. The implementation of a POS system enables you to reduce operating costs and increase sales, thus increasing the net profit of your business. For instance, a POS system allows business owners to get an instant and precise assessment of your inventory as it will automatically subtract the number of goods sold from the system as and when a customer checks out. As a result, you do not need to hire and pay individuals to conduct periodic manual counting of your stock. Additionally, the best POS systems also enable businesses to keep track of the spending habits and patterns of your customers. You will then be able to make crucial business decisions such as bringing in more stock for popular items while reducing the quantity of less popular ones. While POS systems are used daily by businesses and their employees, how many of you can name their individual parts? Read on to find out more about the components of POS systems.
Barcode scanners provide businesses with accurate and timely updates of the state of their inventory, as well as eliminate human errors during checkout. They can be short- or long-range depending on the needs of the individual business.
An important component that stores, and protects cash. For maximum theft protection, it is recommended that the cash drawer is programmed to close automatically a few seconds after the end of each transaction, preventing it from being left open longer than required.
Input Devices (Touch Screen or Keyboard)
POS systems can be operated either through touch screens or keyboards. The former is more popular as they are not only more user-friendly but also take up less space. If you or your employees are more comfortable with using a physical keyboard, consider purchasing one which combines a keyboard with a touchpad. At Shogo, we endeavor to meet all your business needs and we offer affordable solutions for all your POS needs.
Signature Capture Pad
This device consists of a stylus, which allows customers to electronically input their handwritten signature on an LCD touchpad, thus providing customers with a layer of protection against unauthorized spending.
A stripe terminal allows for the reading and use of cards, such as credit and debit cards, as well as membership cards, while processing the transaction. It often comes with a built-in PIN pad, which like the signature capture pad, protects customers from unauthorized spending.
Facilitates the printing of bills, receipts, and purchase orders.
Get the Right POS System for You Unsurprisingly, there are a plethora of options out there for business owners seeking to purchase a POS system. How then do you go about choosing the right one? If you are a small business owner in a quiet village where most transactions are conducted by cash, a basic POS system that comes with a cash drawer, receipt printer and PC should suffice. Contrarily, a business operating in a metropolitan city should have a POS system that incorporates a bar code scanner, stripe terminal, and signature capture pad. At Shogo, we partner with a variety of POS solution providers whose services are suitable for both small and big businesses. We are the go-to solution for all your sales accounting needs.