When it comes to the retail landscape, the point of sale system is a crucial tool for overall operations. Every transaction will be rung through the system and with the latest hardware and software solutions, what was traditionally a large calculator with a drawer to hold cash has evolved into a central piece of equipment for managing overall operations.
However, many companies are just now starting to get onboard the new POS bandwagon. For companies joining for the first time, it can be difficult to understand what is going on in the marketplace. It is critical for organizations to understand how the industry works before investing.
A recent article from Point of Sale News examined the workers of the POS market, and broke down each part of the supply chain.
“Point of sale solutions are about as diverse as the businesses they serve,” the article reads. “This stands to reason, since businesses vary in size, scope, location, products, services, management styles, customer base, and many other factors. Point of sale systems include a synthesis of both hardware and software, and coming up with the right blend for a particular business model is no simple matter.”
The first piece of the industry is point of sale software and hardware developers. The hardware landscape is evolving, with more all-in-one POS terminals, barcode scanners, keyboards, cash drawers, pole displace and receipt printers. There are several specialized versions of these solutions, which specific companies may require.
POS software focuses on the applications that provide functionality. This includes the processing sales, managing inventory, reporting capabilities, analyzing customer data and many others. This can also help organizations in specific industries answer regulations like firearm retailers tracking the serial numbers of every weapon sold, which is required by law.
Merchants are also able to customize their POS software. Organizations can work directly with a POS software developer to create a solution that meets all the specific needs of the individual end users. This could mean handling the above mentioned legal requirements or integrating other systems like e-commerce solutions and mobile commerce hardware. It can also be used to get multiple store locations under a single umbrella to improve company reporting.
After the hardware and software, there are the POS distributors. These companies work as a liaison between manufactures and value added resellers (VARs). They help organizations find and work with the best manufactures to improve innovation and cost-effective technology.
Distributors also help integrate POS hardware with various software options. They can also provide help when it comes to installing these solutions in the business.
POS VARs work directly with business owners to find the right combination of hardware and software for the business’ specific needs. They offer expertise in the industry to make this process more effective.
The final piece of the puzzle is the end-user. This is the business that will ultimately be using the hardware and software to make their organization run more effectively.
Point of sale computer systems are a vital piece of the current landscape of business. It is important for any organization to know how the industry works so they can effectively improve overall operations. With the help of a solution provider like Visual Retail Plus, any company can take its overall operations to the next level. Please contact us for more information about our POS system, and don’t forget to explore the exclusive demo of our software.