Types of POS systems
On this article you will get to know Types of POS systems
We’ll check out answering this question intimately, so you recognize the way to make the proper decision. Here are the common sorts of POS systems for retailers. Read through the descriptions below and see what works best for your business.
Desktop POS system
Desktop POS systems run on your computer or laptop, either on your browser, a desktop app, or an on-premises system.
You’ll connect attachments like barcode scanners, mastercard readers, and cash drawers, so it can function a bit like a typical register. Desktop POS systems are best utilized in retail stores that have cash dedicated cash wraps where cashiers record sales. And while specific features may vary from one platform to subsequent, latest POS systems would have the subsequent features:
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Inventory management: POS and inventory management systems typically go hand-in-hand. Whenever you record a purchase, your POS solution should automatically update your stock levels so you usually have a handle on what percentage products you’ve got at any given time.
Reporting and analytics: Ideally, your system should have the power to get reports on your sales, inventory, customers, and more. Having such data at your fingertips will assist you make more informed decisions around stock control, marketing, shopper management, and more.
Email receipts: Customers can receive their payment receipts via email, which results in a paperless way of transacting with them.
CRM: When transacting together with your retail business, customers can leave their personal data on your mobile device, helping you collect important information like their birthday, their name, mobile number and email.
Loyalty programs: system could also allow you to watch customer loyalty programs too. It offers the advantage of emailing birthday greetings, keeping track of customer loyalty points and sending promotional offers, all of which create a far better retail shopping experience, resulting in higher customer retention.
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Mobile POS system
A mobile POS system or ‘mPOS’ is when a smartphone, tablet or other mobile device acts because the electronic point of sales terminal. All you would like to try to do is attach a mastercard reader to the mobile device, activate your POS software and begin ringing up sales. (Note: This doesn’t mean you don’t the choice of adding more peripherals like barcode scanners, cash drawers, and receipt printers. Most mPOS systems support multiple hardware options.)One of the most important advantages of mPOS systems is that they’re highly portable . Since these solutions don’t take up an excessive amount of space, mobile POS systems are popular in small retail stores. And counting on your vendor, your mobile POS could also offer features like loyalty programs, reporting, inventory management, and more.
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The beat one POS system
There also are solutions that provide both desktop and mobile POS systems. These “all in one” systems cover everything we talked about above, and more. Best suitable for established retailers, this sort of POS system typically offer you the power to implement various processes. For example, if you’re a multi-store retailer, then an all-in-one POS or retail management system would be the simplest choice.
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Consider the dimensions of your business and catalog
Let’s start with size. Does one have an outsized store or are you running a seasonal pop-up? If it’s the previous, then you’ll prefer to have a desktop point of sale system, an mPOS, or maybe both. But it’s the latter, then a transportable (i.e., mobile) system would likely be a far better option.
How big is your product catalog?
If you’ve got hundreds or thousands of SKUs in your database, then a desktop or beat one system may be a more suitable solution. Solutions that only provide mobile POS typically aren’t made for retailers with big catalogs and complicated inventory requirements.
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Think about your processes and apps
You should also consider the systems and procedures you’ve got in situ. What’s your process of ordering inventory and adding products to your system? What are the steps that associates take when ringing up sales? Map the answers to those questions and confirm your POS or retail management system can support your processes. This is also the simplest time to think about the present apps or programs that you’re using. Things like your accounting software, payment processor, and ecommerce platform will function far better if they will connect together with your POS, so keep those apps in mind when you’re shopping around for a POS system.
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Have roadmap
There are numerous retail management solutions within the market, so finding and evaluating different systems can take up a big amount of resources. To form this step easier, it’s best to possess a business roadmap before conducting your search. Your roadmap must detail where the corporate is and where you would like it to travel. List the capabilities of your existing system (i.e. what it can do currently) and therefore the things that you simply would really like it to try to do now and within the future. Provide a replica of this document to key people within the company, especially to those involved within the look for a replacement system. You and your team must ask this roadmap constantly when assessing different solutions. Types of POS systems
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