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Point of Sale systems in Retail

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Abhinav Srivastava
Abhinav Srivastava

A brief and a precursors to a full blown demonstration of a POS software . Covers the evolution and must haves of a retail POS system

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Point of Sale BANGALORE
The Retail Supply Chain and POS Design Buy Make Store Move Sell PLM Supply Chain Performance ERP POS
What is a POS ? “A point of sale system is a combination of software and hardware that allows merchants to take transactions and simplify key day-to-day business operations.” YAMARIE GRULLON, MANAGER OF CONTENT STRATEGY AT SHOPKEEP
The Evolution of POS
POS is prominent ERP is prominent
Why POS ? Speed ? Billing ? Inventory ? Payroll Knowledge ? Real Time Sales and Inventory Tracking ? What’s hot and what’s not CRM ? Updated Customer Database ? Customer Habits ? Loyalty Management
POS Deployment Methods On-premise: A traditional software model. Purchase one or more licenses upfront for the software and install it on your computer system or servers. You’re in charge of updating and maintaining the software, which may require dedicated IT personnel for larger organizations. Cloud-based: Also known as Software-as-a-Service (SaaS) POS solutions. You access and support the system via the internet. Don’t worry—if your internet goes down, most systems track sales and sync them once you’re back online.
Hardware Component Register screen: Standard monitor that displays the product database. Enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors. Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels. Credit card reader: Secure and EMV-compliant credit card readers are extremely important for retailers since the EMV payment standard went live in October 2015, and non-compliant retailers face potentially huge losses on account of fraud liability. Receipt printer: Email and text receipts are gaining popularity, but paper receipts are still important for providing customers with a quick snapshot of their purchase. You can print employee sales totals, hours and other information. Cash drawer: It may fade away in the years to come, but cash is still king. And as long as it is, you need a secure place to store cash for transactions. Additionally, there are no credit card fees tied to accepting cash.
Must Have’s for a POS
Modules in a POS
POS for an Apparel / Lifestyle Segment ? Intricacies ? Definition of SKU is complicated – Matrix Solution ? Handling of different sizes ? Return rates are significant
Getting Your POS to Run Installation Master Updating SKU Upload PO Creation In warding Merchandise Defining Employees Configuring Printer and Barcodes Integrating EDC / Payment methods Doing Dummy Run Integrating Online *
Decoding the POS jargon ? Masters ? Tax Settings ? Vendor/Supplier ? Gift Voucher ? Item Details ? Category Details ? UOM ? Item Name ? Attributes ? Cost and Price ? Transaction ? Goods Recd. Note ? Purchase Order ? Purchase Return ? Delivery Challan ? Sales ? Sales Return ? Terminal wise cash Balance ? Physical Stock Taken ? Transfer In ? Transfer out
Let us look under the hood !! Understanding POS practically

More Related Content

Point of Sale systems in Retail

  • 2. The Retail Supply Chain and POS Design Buy Make Store Move Sell PLM Supply Chain Performance ERP POS
  • 3. What is a POS ? “A point of sale system is a combination of software and hardware that allows merchants to take transactions and simplify key day-to-day business operations.” YAMARIE GRULLON, MANAGER OF CONTENT STRATEGY AT SHOPKEEP
  • 5. POS is prominent ERP is prominent
  • 6. Why POS ? Speed ? Billing ? Inventory ? Payroll Knowledge ? Real Time Sales and Inventory Tracking ? What’s hot and what’s not CRM ? Updated Customer Database ? Customer Habits ? Loyalty Management
  • 7. POS Deployment Methods On-premise: A traditional software model. Purchase one or more licenses upfront for the software and install it on your computer system or servers. You’re in charge of updating and maintaining the software, which may require dedicated IT personnel for larger organizations. Cloud-based: Also known as Software-as-a-Service (SaaS) POS solutions. You access and support the system via the internet. Don’t worry—if your internet goes down, most systems track sales and sync them once you’re back online.
  • 8. Hardware Component Register screen: Standard monitor that displays the product database. Enables other functions, such as employee clock-in and viewing sales reports. Tablets—especially iPads—are popular for replacing bulkier monitors. Barcode scanner: Automates the checkout process. Scanning barcodes pulls product info and adds it to the checkout total. Barcodes, when scanned, may also integrate with inventory management systems to automatically adjust stock levels. Credit card reader: Secure and EMV-compliant credit card readers are extremely important for retailers since the EMV payment standard went live in October 2015, and non-compliant retailers face potentially huge losses on account of fraud liability. Receipt printer: Email and text receipts are gaining popularity, but paper receipts are still important for providing customers with a quick snapshot of their purchase. You can print employee sales totals, hours and other information. Cash drawer: It may fade away in the years to come, but cash is still king. And as long as it is, you need a secure place to store cash for transactions. Additionally, there are no credit card fees tied to accepting cash.
  • 11. POS for an Apparel / Lifestyle Segment ? Intricacies ? Definition of SKU is complicated – Matrix Solution ? Handling of different sizes ? Return rates are significant
  • 12. Getting Your POS to Run Installation Master Updating SKU Upload PO Creation In warding Merchandise Defining Employees Configuring Printer and Barcodes Integrating EDC / Payment methods Doing Dummy Run Integrating Online *
  • 13. Decoding the POS jargon ? Masters ? Tax Settings ? Vendor/Supplier ? Gift Voucher ? Item Details ? Category Details ? UOM ? Item Name ? Attributes ? Cost and Price ? Transaction ? Goods Recd. Note ? Purchase Order ? Purchase Return ? Delivery Challan ? Sales ? Sales Return ? Terminal wise cash Balance ? Physical Stock Taken ? Transfer In ? Transfer out
  • 14. Let us look under the hood !! Understanding POS practically