Point of Sale(POS) allows merchants to calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make the payment.
Small business owners often unaware of the types of resources which they can afford easily due to this they faced lots of issues. But, the tablet POS could be an ideal solution for small businesses due to several reasons:
Eliminate Human Error:
A POS system provides the facility to remove the chances of human errors. Because it can count the stock, correct the mistakes, track the products, and accurate invoices. Due to performing these function, it prevents the merchants from lots of issues.
Faster Transactions:
With the help of touch screen capabilities and sensors, a POS system can make the transactions fast as compared to human beings. It can track the product, reading of barcodes, scan the product, issuance of invoices and remove it from inventory, and transacted the record. So it functions really fast.
Accurate Record Keeping:
A POS system can keep the records of sales transactions and volumes of stock on daily basis. You can print these reports at any time and can be broken down into various details such as, who served the customer, what was bought, receipt number etc.
Stock Management:
A POS system not only helps you to manage your stock levels as well as it can help you to determine which products are selling best or least, which will help when ordering new stock. Stock reports can be categorized by past sales information of a particular product, which can be really useful and save money being wasted on stock that may not be right for the business financially.
Inventory Control:
A merchant can categorize the stock items into multiple fields and sub-fields to enable you to easily look up and manage your inventory in a way that properly suits you and your business. You can quickly search your stock’s items, product, descriptions, level of stock and restock items necessary.
Purchase Orders:
A POS system can monitor your stock levels and alert you to purchase new stock when inventory items are running low. Purchase orders can be generated for individual or multiple items easily and they can be tracked from order to date when the goods are received.
Customer Satisfaction:
Faster transactions not only beneficial for your staff, they benefit the customers too by making any queuing time less and significantly speeding up the check-out process. A POS system can also collect the customer’s data, which can be useful for targeted promotions and campaigns for the encouragement of repeat purchases and increase sales.