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Of Retailers and POS. What has one got to do with the other?
For retailers, inventory is the lifeblood in running the business.
It is not just having a whole pile of goods in a stockroom but also monitoring and managing it.
Mismanaging inventory, on the other hand, is the exact opposite – one runs the risk of untimely stockouts, accumulating dead stocks and having way too much inventory which is the equivalent to tied-up investments.
And no retailer would want that!
For the POS system, the point-of-sale or the actual purchase is the center of it all.
It is where the sales transaction is done.
Because of the pandemic, much has changed overnight.
Most consumers have shifted their purchasing behavior from traditional retail shopping to online retail and now, many are back to doing face-to-face shopping.
With the simple and seamless experience of online shopping, they are now expecting a more convenient way to do their purchases with ease.
A dependable POS system can do just that!
You might want to ask questions on what a POS is and the system it revolves around, the POS system.
Here may be some of them.
What is a POS? And what is a POS system?
POS stands for point of sale.
POS is where the selling and buying takes place – practically the store’s checkout counter or perhaps the online cart.
The POS system is basically the technology behind it and it is the one being used by merchants to accept payment and close the sale.
What is the difference between the two?
POS (point of sale) is the location or the place and checkout counter , while a POS system is the technology.
It could be the terminal or register that merchants utilize to cater to customers, accept payments, and most importantly close sales.
It may even be a hand-held thus mobile device.
How does a POS system work?
In a nutshell, a POS system has this process:
- Customers buy the items.
- The POS system computes the sum of all the items the customer buys, taxes included.
- The customer pays for the products.
- POS accepts and processes the payment.
- The point-of-sale transaction is finalized.
- POS system modifies inventory levels to reflect the sale.
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.What is the relevance of a POS system for retailers?
A POS system is one of the most crucial tools for retailers. It is every retailer’s best friend.
The simple cash register has evolved into a POS and inventory management software system that is optimized, efficient and offers a variety of features that any retailer cannot say no to.
Here are some of them:
- It minimizes human errors
- It speeds up and optimizes the checkout process
- It provides efficiency and can manage employees well
- It lessens losses and promotes more sales
- It provides more payment options
- It has the ability to offer discounts, freebies, company tie-ups that benefit customers making the more loyal
- It can provide loyalty programs for the loyal and longtime customers
What is a POS sales and inventory system?
A POS Sales and Inventory system is a technology or software that is being used by different businesses especially retailers to track products, inventory, and sales.
The POS sales and inventory system contains software that is capable of bringing in sales, count inventory, and generate data for businesses.
Businesses like retail stores and restaurants are able to benefit from the POS sales and inventory system because it streamlines inventory management and tracks information and items across multiple locations and channels.
What is a POS and inventory management software?
It is a POS system that uses the on-premise or onsite local database and is very convenient.
Plus, it has the safety and accuracy that retailers are nosey about and with so much more to offer like:
- Centralized inventory management
- Real- time data
- In-depth customer profiles
- Adapting to changing business needs
Are you a retailer searching for a you-can-count-on retailer’s best friend?
If you have a business with a physical store and you need to store daily transactions and are looking for a POS sales and inventory system that can provide fast and accurate sales recording and monitoring, maintain price consistency, avoid pilferage and theft, enhance internal control and provide secure access to multiple users, then EasyPOS can do all of the above!
EasyPOS provides ease of use and gives you the much needed premium POS sales and inventory system available in the market today.
Most of all, EasyPOS is BIR-accredited, so when you register your POS with the BIR, you won’t have that problem.
EasyPOS is willing to lend a helping hand and can definitely be your best friend!
Checkout:https://human-incubator.com/easy-pos/
BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.BIR-accredited easyPOS is your all-in-one solution to manage your sales, inventory, and customer data in real time!
Click to Learn More.
