Making the Right Choice of EPoS Systems

Electronic Point of Sales, EPoS, systems can be a significant investment for many companies who are trying to grow or just starting up. However the investment can be well made, as the systems can increase productivity considerably, assist staff in managing stock inventories effectively and allow you to identify products quickly.

It is important to find the right type of EPoS system that is suitable for the company’s current needs. Although the same products may be used by different companies of a similar size, there are essential differences which must be taken into account.

For example, Corporates who sell raw materials and/or products from small businesses may not require the same sized EPoS system as those that operate primarily over-the-counter. Also a basic feature of an EPoS system is the manner in which it stores and retrieves data.EPoS systems use shelves, which are normally inclined at a 90-degree angle. This allows the user to deposit products on which they are placed at a customer’s order reception. The retrieval system is then coordinated by a barcode scanner. However there are some differences in steplicative and barcode terminals, that are worth mentioning.

EPoS Systems

The difference is that the barcodes on granular technology allow identification numbers to be transferred from the receipt staff(s) to the EPoS system. granular technology also allows the user to scan more than one item at a time,Be aware that electronic Chip & PIN are being used by the larger retailers now, ie: Americans grocery stores, ie: Wal-Mart

Another difference is that the large retailers will have their own staff trained in order to troubleshoot the system, whereas the smaller retailers may not. There are also differences in software as well.EPoS Systems that are interoperable, offer the functionality of multi-value pricing, meaning that if a customer is offered discounts on more than one product, they are allowed to split the discount for the products they have.

EPoS Systems can calculate profit margins based upon the sale prices of the items being sold, as well as markdowns and value-added taxes.

  • A huge advantage of the electronic point of sale is that there are no lines, just a traditional cash register. This limits line extending out into the storeroom, which limits the number of people you have in the store, especially if there is no clean spot or area where transactions are being made. The cash register lines also get longer as people wait to be served. There are no waiters and tables, just a simple cash register and all essential items on a conveyor belt.
  • coupons are offered by retailers, which discounts products at the point of sale. In the past, coupons were used by suppliers to control prices with retailers in a loyalty or debit card environment. The point-of-sale electronic Vendors may simply reject a coupon because it is unsure of its value, or Because it was issued to an incorrect address. However, now that minimum cash spend has become the norm, this eliminates some of the issues associated with control of prices by a comparatively sluggish paper-based method.
  • An electronic store eliminates the messy situation of exchanging receipts, and the mountains of receipts that most customers bring home, for a store copy. With just the click of a button, you can again be on your way to claiming your discounted merchandise. Some stores even compare shop lists and customer data, until a winning combination is found, and your order is split appropriately.
  • By having the option to mark prices up or down with a digital display, small retailers can let their customers know which items they are most interested in. Digital displays add sophistication to a normally boring, plain- Waste of Time situation, and increase revenue by allowing the business to advertise, and consequently, earn, more.

These are just three ideas small retailers should consider. Adding restaurant-scheduling software to incorporate a virtual Restaurant Ordering Operation, is an idea that could really improve efficiency and profit. There are lots of ideas for downloadable applications, which could really help business owners and managers.

A digital menu is truly an asset to your business. Offering special offers, coupons, and price-targeted inventory all help to enhance your bottom line. Aminimum cash spend is directly associated with profit, and a maximum cash spend means more profits possible.

Restaurant ordering softwarecan change the way your business handles information technology and most significantly, with a properly integrated POS, profit can be generated even in the most modest of circumstances.

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