November 10th, 2009
POS Systems: What Exactly is a POS system? By Gary Milke
If you are running a grocery, a boutique or a store, then a point of sale or POS is something must have. It is where your customers bring their purchased goods so that it can be checked out of your store. It makes things easier for you to update your inventory, check how much you have earned or many you have sold, and generally makes a faster selling system in your store.
This system is used in a wide variety of businesses such as clothing stores, grocery stores, department stores, supermarkets, restaurants, hotels, bars, clubs and a handful of others.
POS systems have a lot of components which are comprised both of hardware and software. Customized software based on Unix, Windows or DOS environments can be especially coded to ensure full compatibility with the businesses preferences and needs. Since these systems can be quite expensive, most business gurus recommend getting a point of sale system if you have revenue of about $700,000 per annum.
A point of sale system generally has the following parts, namely:
- Checkout hardware, which can be comprised of a barcode scanner, a cash register, a receipt printer, a credit or debit card terminal, a cash register/drawer and/or a PIN-entry controller. It may also include a touch-screen LCD display, or a keyboard-like control.
- Checkout software, which is comprised of a customized POS software based on various OS and highly dependent on what the business owner needs.
When choosing the best system that will work for you, it is highly recommended that you shop around for the best deals in town. It can also help if you would read various reviews on these systems. A number of highly-respected computer manufacturers nowadays also produce these point-of-sale systems which are being used in various businesses.
As you search around for the best POS system that is within your budget and best suits your preferences, always remember to keep things which you need in your mind. Ask yourself if you would be accepting credit cards, or if you prefer a touch-screen over a keyboard.
By knowing exactly what you want and need, that perfect point-of-sale system is just a step away.