An Electronic Point of Sale (also known as an EPoS system) is commonly used in supermarkets to enter sales information, manage stock inventory and to handle customer loyalty programs. To summarise the electronic point of sale is a computerized cash register that can perform many functions other than just handling transaction at a checkout.
The point of sale, which is also known as a ‘checkout’ or lane, is where customer transaction take place.
The goal here is to process customer transactions as fast as possible while also providing an excellent service. Long queues irritate customers and also reduce the amount of money you take.
Advantages of Electronic Point of Sale
Higher checkout productivity can be gained using EPoS systems. Customers will be served much more quickly compared to if they were being served on a traditional cash register or a manual checkout system.
This is because every product is stored within the EPoS system. When a till operator scans the products barcode it retrieves the items price and product information. This is far quicker than manually typing the price into a cash register.
Because of the barcode an EPoS systems will reduce the chance of human errors, data duplication, and data entry mistakes.
A standard EPoS system setup includes a terminal, scanning equipment, credit card reader and a receipt printer. A scanning device that is similar to a barcode reader is used to read the information about a product and is able to process is quickly and accurately.
As mentioned above they will eliminate the need for time consuming manual processes.
Electronic Point of Sale For Stock Control And Sales
Electronic Point of Sale systems are the main component of a stock-control system. A sales person is able to enter the transaction details on the EPoS terminal, this information is automatically forwarded onto the manufacturing, production and distribution facilities and replacement stock can be sent out, this will maintain an accurate up to date account of all inventories.
Electronic point-of-sale systems can also provide accurate, detailed analysis of sales. This information is extremely important for managers to help them make key business decisions.