Successfully building a point of sale system requires several components that work together to create a seamless retail management capability. In this article, we will discuss the essential components required to build a point of sale system.
The Primary Hardware Components:
1. Point Of Sale Terminal: This is simply a PC to host the POS software and drives the hardware. It is a computer or tablet that runs Windows and is used to conduct all your sales and management functions.
2. Barcode Scanner: This is a device that reads barcodes on products, making it easier and faster to enter product information. Symbol and Metrologic are the most popular brands.
3. Cash Drawer: This is a secure compartment where cash is stored. It is usually connected to the POS terminal and opens automatically after a sale is completed. MMF Cash Drawer is the most popular brand.
4. Receipt Printer: This is a device that prints receipts for customers after a sale is completed. Star and Epson are the most popular brands.
5. Optional Customer Display: This is a screen that displays the transaction details to the customer, allowing them to verify the transaction before paying.
The Software Components:
The POS software is the heart of the point of sale system, allowing it to perform various tasks. The essential software components include:
1. Customer Checkout: These are the functions that give the customer a smooth experience at the checkout counter. Getting this right is of crucial importance.
2. Inventory Management: This POS software keeps track of the products in stock and alerts the business when inventory levels are low.
3. Accounting Features: This manages the financial aspects of the business, such as tracking sales, expenses, profits, cash flow, and exporting data to an accounting system.
4. Reporting: This produces all the data readouts and printed reports you need to make merchandising decisions and keep your accountant happy.
In conclusion, if you want to build a point of sale system you’ll require several components that work together to create a seamless transaction and retail management process. Choosing the right POS software is of critical importance.