subject: Recent Trends In Retail Epos Systems Usage [print this page] A retail outlet cashier can hardly be seen without an EPOS system in front of him. EPOS stands for Electronic Point of Sale and is such a system which is indispensible for any shop. Nowadays more and more retail outlets, stores and malls are relying on EPOS systems that they help in streamlining work. In the front end, retail EPOS systems help cashiers to bill quickly for a customer and tabulate everything transparently. Moreover, these systems are of great help in the back office where information is stored when any product is billed which can be later used for business analysis. From simple point of sale units to the electronic POS systems, which may or may not be cloud-based, these have revolutionized the way retail outlets work.
5 Common Trends in Retail EPOS Systems
1.Increasing Use in Smaller Stores: One of the significant changes that the EPOS systems have brought to the business is that smaller stores are also installing this set of hardware and software and using the same for improving the sales of their business. The main reason towards this change has been the significant drop in the systems" price. Moreover the retail EPOS systems have several advantages that can help any business in any place without doubt.
2.Improved Back Office Operations: It is not just enough to serve the customers smoothly. For a business to run in profits, it is important that the back office channels are improved and operations streamlined. The competition is increasing each day and the need of the hour is to be better equipped with the resources. The EPOS system stores every detail of the sale which can be used to analyze sale trends and product popularity. This is another significant change that the EPOS system is bringing to the industry.
3.Increased Usage of Off-the-shelf EPOS Software: If you are thinking that an EPOS system looks or functions similarly to a cash register, you couldn"t be more wrong. Today an EPOS system comes with several features and retailers do not hesitate to pay a few extra bucks to install the required software that makes their life easier. Some of the common off-the-shelf software that such a system uses includes barcode reading scanner, credit/debit card handling, menu adjustments etc.
4.Successfully Setting Up Online Stores: Expanding a retail business is no longer just a matter of space, funds and resources. Today the geographical space has moved into the web space and you can set up an online store quite easily. As more and more retailers are doing this, the EPOS systems have helped them integrate the web store with the brick and mortar store. The product inventory can be easily maintained for both as well as the sale is monitored.
5.Widening Use of Web Based EPOS Systems: It is being commonly seen that retailers are not hesitating to use a web based EPOS system. A web based EPOS system especially comes handy for a retailer who has regional and national chains. Integration of data irrespective of the location is one of the biggest advantages of a web based system.
If you want to take a look at some of the retail EPOS systems available in the market, visit http://www.merlinofficeequipment.co.uk/acatalog/Sam4s__Samsung__SPS-2000_Retail_Epos_System.html and check out yourself.
