RETAIL POS

• A Retail POS system is a Point Of Sale (POS) system that enables various modes of transactions (usually digital) to be performed at a retail outlet.
• A POS system includes the hardware (card machines, etc.) as well as the software required to keep the sale system functional.
• Once installed, a Retail POS system helps streamline the day-to-day of your retail operations, running parallely to any existing setups that you may already have installed, such as cash registers.
• In short, A POS system diversifies how your business operates, especially on the digital front. Whether it’s about customer payments, or a daily log maintenance, your POS is always on the job.

• POS systems vary in terms of the degree of complexity and setup, but in principle, they work on the same basis.
• A POS system always consists of the hardware components and the software component.

The software component is the engine of the system. There is one for the customer end to process transactions and make sales. This is what you see as a customer, and is called the frontend.

The other part is called the backend software, which is used by the retailers to manage the resources, take stock of sales and manage the registry, all through a single, simple interface.

POS systems usually use on-site servers to sync and store their data. For larger operations, a cloud-based setup is used at times, for ease of access.

The hardware component is the more visible part of the system. Their primary function is to connect customers to the system and facilitate transactions. All the familiar equipment such as barcode scanners, billing systems and card machines come under this ambit.

The POS system works as a seamlessly integrated unit to keep track of all the resources and funds coming in and going out of the retail agency, on a real-time basis.