|
EPOS stands for Electronic Point of Sale system, basically a computerized cash register that keeps a record of all the sales transactions that occur in the retail business. EPOS systems are the technology that provides comprehensive accounts of your business trends from the top selling stocks to the poor selling items, days that most of the customers are coming in the store to buy, days that the sales are usually in its lowest trend etc. Such sales information greatly helps to determine what actions are necessary to be done. EPOS automatically adjusts the stocks levels, thus providing details of products that need to be re-ordered and products that have been in the stocks for quite a long period already. With EPOS systems on support of the stock monitoring, the out of stock and stock holdings are both reduced. EPOS systems are basically consisted of a standard PC and a Visual Display Unit. EPOS comes in different types, depending on the kind of business and the specific cash register system that it requires. Hospitality business for instance, will benefit much with handheld system wherein the staff can take orders right from the customer table using touch screen pos system. While retail business, like dress store for example will benefit from EPOS that operates through recording the type of items being sold. Depending on the type of EPOS systems, the system can come with other equipment necessary for its specific function. Businesses that accept credit and debit card payments must have a Chip and Pin linked on the system for the swiping of the cards. Stores that use barcode system need a scanner to skim through the tag, the code will then be fed on the system and the apt charges will be charged for the items that are being bought by the customers. Weighing scales are necessary for those businesses that sell products as per its mass; the scale will automatically charge the items with amount corresponding to its weight. Other additional equipments are commonly included like the customer display, wherein the customers can see the ongoing sales transaction, on which they are particularly involved. A tablet POS is necessary for businesses like restaurants, clubs and bars wherein the orders can be taken from the customers’ table and relayed directly to the kitchen or to the bar. With all the orders placed on the system, there is nothing to worry about missing off any bills. At the end of the day, EPOS systems give a complete report of the daily sales transactions. Providing you an accurate report of all the items that have been sold, plus the amount of money you have taken from the register is there’s any. EPOS also relieves the staff from manually checking the quantity status of the stocks as the system alone can do that with precision. With EPOS on full control of the stocks, any acts of theft by employees are deterred knowing that there is a system that efficiently monitors the store. With all the sales information being fed on the system, EPOS provides necessary details like profit margins, mix and sale, top seller plus the system can work with VAT and ledgers as well. David Duncan is the sales director at EPOS Now. Based in the UK, this market-leading company can provide you with great-value EPOS systems in addition to complete EPOS solutions for the retail and hospitality sectors.
Related Articles -
retail, epos, epos systems,
|
