Even as India is placed among the fastest growing retail economies in the world, almost 80 per cent of businesses, small, medium and large ones put together, are running the show with traditional means notwithstanding the pressure exhorted by technologically advanced peers, advantages of having POS system at checkouts and growing demand from customers for enhanced shopping experience.
Though there are various reasons for their loyalty towards traditional business transactions, the common one being the misconception about the recurring cost and low business output due to the usage of Point Of Sale (POS) technology products, chiefly at checkouts.
However, the situation is changing now in India as more and more new and existing businesses are relying on POS technology to give customers a unique shopping experience. According to experts, a basic POS system, which contains a cash register, card reader, barcode scanner and a thermal receipt printer, can actually benefit retailers in several ways. Though it may require a small initial investment, these systems not only make their retail business organized and attractive for customers, but also help them increase sales and profit without recurring expenses.
With an efficient POS system at checkouts, retailers can enhance the functions of cash registers and cut costs by improving the overall operational efficiency.
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