Mobile Trucks Become New Revenue Model for Food Suppliers

If you are running a stand-alone or chain of hotels or food joints, you may often find it difficult to manage crowd during peak periods and frustrated and hungry customers would leave your place with a vow of not coming back again. You can’t increase the floor space further to meet the demand and hence you have to settle down for moderate business growth.

But have you ever thought of taking your restaurants to customers’ doorsteps? Yes, we are talking about the new trend which is sweeping the restaurant industry in big way in western countries and slowly catching up in India too, although in selected pockets.

Mobile food trucks

With food apps making a wild entry into Indian restaurant space, having mobile food trucks parked at strategic locations in cities during breakfast and lunch hours offering mouthwatering dishes to customers right away can, not only bring more customers, but also improve your brand value to manifold.

For small and medium restaurants who can’t have more space to serve customers during peak hours, mobile food vans can be the option to get their products right into the hands of customers at their own place. In the fast-food or pop-up world it is wise that business owners take out their piping-hot food items in mobile vans and park them at venues like popular coffee shops, stores, exhibition centres, office areas, commercial hubs or market places for a limited period of the day with the permission of civic authorities or owners concerned and serve them hot to hungry customers.

Mobile food service can be a good way for food suppliers to serve customers as connectivity and mobility are the key to improve customer satisfaction and hence your retail food business.

POS devices at mobile food trucks

With mobile technology enhancing customer services in every sector, restaurants too use hand-held POS devices which are like a smart phone to take orders from customers, send them to kitchen to prepare food and also bill customers with multiple payment options - card, cash, food coupons, mobile wallet or NFC enabled mobile devices.

As hand-held POS devices come with built in thermal receipt printer and card-swiping slot, customers get fast and prompt service. If you are not using hand-held android POS terminal, you can have a desk top computer or tablet with suitable restaurant POS software supported by hardware components like cash drawer, magnetic stripe reader and thermal POS receipt printer. If you want to sell your packaged merchandise, you must need a barcode reader too.

Advantages of mobile food facility

Mobile localities offer flexibility for food entrepreneurs who look to grow their brand and improve revenue without taking whole risks in single venture. It will be authentic as neatly dressed up restaurant people or owners themselves standing behind the clients, answering their queries, building credibility and making the best possible customer-connect.

There are other advantages too. Since you are operating for only limited hours, it will also enhance impulse purchase. You can offer your menus at more affordable cost to customers as your operating cost will be minimum while you can maintain your profit margin equal to your restaurant located miles away. Even if you don’t have an established restaurant, such mobile retail food venture will be a great way to test the viability of your future venture or expansion of your business to new locality.

Pop-Up food stores can be a great idea for many owners to test the waters before venturing into expansion or new business by making huge investment in place and infrastructure. 

Popular food joints can simply park their mobile food vehicles near a crowded place such as sporting event, exhibition ground, railway or bus stations and try to capitalize by offering the best-in-class service to customers as similar to those having food in their restaurants located miles away.

Set-up your POS system to set-right your retail business!

Setting up a POS system for your business environment may give you jitters, especially when you are not computer savvy. But you can relax now as support is forthcoming.

When you choose a POS system for your retail business, it is always better to go for reputed brands who have good service network in your region. As local vendors may tempt you with low cost POS terminals, when you require their service such as installation or trouble shoot, it may be an unpleasant experience for you.   

So, you buy the best POS system for your store which includes a touch POS terminal, Barcode scanner, automatic cash drawer, or hand-held terminal, etc. And, what next? You may require an installation or setting up of the system, right? Here is where you require a good support, and now-a-days, technology has come to your aid as manufacturers have several means to assist customers, either through site visits or remote service modes.

Technology has shrunk POS terminals and made them handy, as you can have a tablet or smart POS devices to run your retail store successfully. As far as set-up requirements, it may vary depending upon the manufacturer and retail applications. The fad is that several POS brands have introduced tablet-based POS systems which are trendy and easier to install compared to their legacy counterparts.

Setup instructions for branded POS products can be found in company websites. This gives you an option that whether you can set up the system yourself or require an external help.

Many POS makers offer video tutorials or step-by-step guides for their POS products so as to give you a smooth walk through during the set-up process. While some offer remote assistance, others provide on-site service facility through their local service partners. Such service may or may not cost you depending upon the warranty period of the system you have.

However, some advanced POS systems may involve complex set-up processes. For such systems, you have to pay a little extra to manufacturers as setup and installation fee upfront and such systems will be pre-configured before they shipped to your address. You just have to plug and play once you receive it.

Alternatively, manufacturers or national distributors provide onsite or remote setup assistance, training services and data migration, and such services generally come free of cost.

Whether you buy a simple Point Of Sale (POS) system and can do the set-up yourself or buy the more advanced POS system where the company do the installation for you, you must give yourself enough time to setup the POS system at your business place before you start using the same.

Since this is going to be once-a-time exercise, in addition to setting up hardware components such as thermal printers, barcode scanners, data collectors, android POS terminals, touch POS terminals, etc, you should spend time in setting up the POS software required for your business type, add inventory, create standard menu (if you run a restaurant), and train your store executives to use the integrated POS systems effectively.

So, set-up your POS system today and set right your retail business to reach new heights.

Millennium India Launches Smart and Cost-effective POS Solution for Retailers

New Delhi, Aug 24: Millennium Soft-tech India today unveiled yet another powerful android smart POS – MagicBox Plus – device with advanced features suitable for small and medium retail businesses who hitherto have been struggling to match with big businesses in providing best-in-class customer experience and enhanced store operations.

Millennium, which pioneered in providing integrated POS technology for Indian retailers, earlier in July has introduced hand-held Smart Mobile POS device for small shop owners to help them transact both indoor and outdoor seamlessly while managing inventory, payment, reports and analysis and customer engagement activities.

“Our new offering, MagicBox Plus android desktop POS is ideal for retailers who prefer smaller, sleeker, cheaper and yet powerful POS solution to drive business operations seamlessly,” says Bhaskar Venkatraman, CEO and Director of Millennium Soft-tech India.

The compact desktop POS device comes with industry-best retail software ideal for general and food and beverage retail applications which include grocery shops, stationery sellers,

departmental stores, ice-cream bars, bakery and sweet shops,  food courts, fine dining, takeaway, bar, to name a few.

“MagicBox Plus, while automating several manual functions such as inventory, sales, credits and billing, helps store owners generate valuable reports and analysis for better planning, CRM and loyalty program, GST billing, order taking, mobile banking and staff management,” says Bhaskar, who also heads India’s premier e-commerce portal Justransact.com exclusively for POS products and technology.

MagicBox Plus Android (6.0) device comes with Qualcomm Snapdragon615, octa-core processor, 8GB memory and 1 GB RAM, which can host powerful retail POS software. Despite small in size, MagicBox Plus offers integrated 2-inch (58mm) printe and NFC (optional) technology along with 11.6-inch HD adjustable touch display and elegant but rugged design to customers. Bluetooth (4.0) and Wi-Fi are the other highlights of this POS device.

The pre-loaded software supports critical features such as anytime-anywhere billing, inventory management, spot offers/discounts, loyalty program, and many more. Through this device, retailers can access their store remotely in real time using cloud technology which saves critical data and keeps it secured from potential loss, pilferage or malware intrusion.

“Retailers get cost-effective, integrated, compact and a complete POS solution with cloud application facility.  With this (device), retailers can save a huge overhead cost and considerable retail space while offering customers sophisticated business environment,” concludes Bhaskar.

This press release has been carried by the following media websites.

1.       http://www.odishanewstimes.com/2018/08/13/millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers/

2.       http://www.itnewsonline.com/pr.com/Millennium-India-Brings-Smart-and-Cost-Effective-POS-Solution-for-Retailers/15353

3.       https://www.infodea.in/cost-effective-pos-solution-retailers/

4.  https://clickpress.com/releases/Detailed/771701005cp.shtml

5.  http://www.marketpronline.com/millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers.html

6.  https://telave.com/item/millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers-telave-10549749

7.  https://amzeal.com/doc/millennium-india-brings-smart-and-cost-effective-amzeal-10284927

8.       http://www.authorstream.com/Presentation/justransact2018-3530594-pr-magicbox-plus/

9.       https://www.pr.com/press-release/761959

10.   http://www.webnewswire.com/2018/08/16/millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers/

11.   https://www.issuewire.com/millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers-1609050556065167

12.   https://www.freeprnow.com/pr/millennium-india-introduces-smart-and-affordable-pos-solution-for-retailers

13.   http://www.pressbox.co.uk/cgi-bin/links/page.cgi?g=2193533.html

14.   http://www.pressreleasepoint.com/millennium-india-brings-smart-and-low-cost-pos-solution-retailers

15.   https://www.prlog.org/12723721-millennium-india-unveils-smart-and-low-cost-pos-solution-for-retailers.html

16.   https://www.openpr.com/news/1176837/Millennium-India-Brings-Smart-and-Affordable-POS-Solution-for-Retailers.html

17.   http://www.postafreepressrelease.com/postafreepressrelease/Millennium_India_Brings_Smart_and_Affordable_POS_Solution_for_Retailers.html523114

18.   https://www.forpressrelease.com/forpressrelease-451013-millennium-india-brings-smart-and-cost-effective-pos-solution-for-retailers.html

19.   https://www.pressreleasepost.com/millennium-india-launches-smart-and-affordable-retail-pos-solution/

20.   www.marketpressrelease.com/viewpressreleases.php?id=365697

21.https://jt-live.tumblr.com/post/177265936251/millennium-india-launches-intelligent-retail-pos

Stay Connected with your Improvised POS System

If you have an advanced point of sale (POS) system and you are only using it for generating bills at sales counter, then you are not utilizing the POS to its fullest potential. Your POS system is capable of multi-tasking and can do multiple operations with perfection in just a fraction of time which your staff may take days to complete, that too with low quality and high degree of errors.

Hence it is essential to know the capacity of POS system in assisting retail business operations. Retailers should know the fact that these POS systems with suitable retail business application software should be integrated with several of the associated hardware and software applications.

Integrating with hardware

For example, for seamless front-end operations in a grocery retail store, POS systems should be integrated with a receipt printer, cash drawer, payment terminal, barcode scanner, electronic weighing scale, pole display and MSR.

Integration of POS system in business environment – restaurants, supermarkets, kirana stores or any other retail business entities, with essential backend and front end applications is vital for enterprises for their smooth operations, enhanced customer experience, high growth, and to have a competitive edge over peers.

For example, POS system not linked with Enterprise Resource Planning (ERP) can lead to time consuming, error-prone and inefficient processes which in turn affect the business due to inaccurate data. 

Multi-tasking

A POS system in a supermarket should be capable of discharging multiple functions. Apart from providing fast and efficient billing to customers, these smart POS systems are capable of helping retailers to automate inventory management, monitor cash flow from multiple locations, get accurate data such as daily sales figure and compare with weekly, monthly and annual sales, generate various analytical data and graphs to carry out important business decision, manage customer data, CRM, staff management, payroll, vendor sales data, credits and so on.  

If your POS system has no links with the backend business operations, you will be limited in your operations as all your manual data can have errors, time consuming and lacks authentic business details.

Integrating your POS software with your retail applications can, not only improve customer experience but also enhance operational efficiency. In a supermarket, by integrating the POS system with the ERP system, the owners can get fast, accurate and error-free vital business data. An efficient POS system also helps retail business owners to reduce the cost in terms of having less number of staff and nil pilferages/wastages at POS counters and storage centres. 

Omni-channel

With the advent of Omni-channel business strategy, retailers expect that their POS system should be capable of doing business with customers through multiple windows such as brick-and-mortar, telephone, e-commerce, mobile POS, e-mail and m-commerce. These advanced POS systems are also capable of providing unparalleled service to customers thus enabling them to order via website and pick up from the store.

Integration of customer data with the POS system helps retailers connect with customers anytime they want to inform them about new arrivals, send discount coupons, loyalty credits, extend discounts for specific items, gift coupons or vouchers. 

With the advancement in POS technology, retailers have various options to keep customers happy and satisfied by offering excellent shopping experience with the help of their intelligent POS system. So, stay connected with an improvised POS system.

Posted @: https://www.justransact.com/pos-technology-blog/stay-connected-with-your-improvised-pos-system

How your Tab can Benefit Environment and Business!

The advancement in mobile technology has made a great stride in Point Of Sale (POS) sector which helped the retail businesses evolve rapidly in terms of serving customers and automating business.

Gone are the days, when shop owners and sales executives at POS counters used to make customers wait in queues to pay the amount for the merchandise, provide them hand-written bills, offer substandard service and have no means of reaching customers remotely.

With the advent of internet and mobile technology, POS manufacturers have come up with new POS devices which are not only handy, easy to use, custom-made and rugged but also cost-effective and packed with hordes of features to enthuse both retailers and customers.

Using tablet POS, retailers can now say that they contribute something to the environment. With internet-enabled mobile devices, people are getting their utility bill payment details and receipts for the retail purchases straight into their mobile and/or email boxes. Retailers can send payment receipts and purchase bills to customers’ mobile phone or their email accounts thereby avoiding the usage of paper, printed material and consumables such as ribbons, ink, etc used for taking printouts.

Tablet POS has immense usage in various business verticals including grocery retail, restaurants, hospitals, transportation, logistics, wholesale businesses, furniture showrooms, electrical and electronic stores, utility stores, to name a few.

In restaurants, table attendants and floor managers can take orders using Mobile POS or Tablet POS hence cutting down the usage of paper used for either take down order or taking printouts using electronic POS devices, which are bulky and highly inconvenient to use.

Orders taken electronically from the table can be directly passed to the kitchen instantly hence cutting down the errors and delay. Customers can also have the option of paying through their credit/debit card at the table itself and receive the payments directly to their mobile phones or email accounts.

Businesses adopt Mobile POS, IPad POS or tablet POS as it reduces the efforts of managing the whole business. With tablet POS in hand, which can be connected to main computer and several other similar devices as well, one can do multiple functions simultaneously in real time.

Apart from serving as billing and payment devices, these smart devices can be used for inventory management, staff management, payroll processing, customer relation management, extracting various analytical reports for business enhancement and support highly complex sales tax, service tax or GST calculation and payouts. Everything can be carried out in simple and accurate way without wasting time and energy in Excel spreadsheets and graphs to tackle sales and inventory.

Almost every iPad and Android POS apps available in the market are packed heavily with various features to manage multiple stores in real time and generate sales figure at any given point of time thereby saving human involvements and reduce errors which can cause financial loss to store owners.

Mobile iPad POS is a robust and flexible system which can run every aspect of a business from sales to inventory, expansion and marketing in addition to provide customers sophisticated shopping experience with sense of trust, security and loyalty.

How Technological Innovations Transformed Point-Of-Sale Systems

Technological innovations are inevitable for any industrial sector for growth and operational efficiency, and the ever-booming Indian retain sector is no exception to this dictum.

Point of Sale (POS) which forms the backbone of all retail operations has seen a sea-change over the recent years providing retail businesses the much advanced POS systems which can do multiple functions automatically thereby increasing operational efficiency, reducing error, cutting cost and increasing profits.

Modern POS systems are widely used in food services and restaurant businesses, grocery retail stores, super markets, healthcare, hospitality, food and beverage outlets, health and beauty salon, entertainment, utility shops, to name a few.

What is POS?

POS is a computerized system through which business managements can keep track of inventory levels, revenue streams, cash flows, accounting books, credits and debits, and several other mundane functions which, if carried through manual function, will be complex, error prone, involve more manpower and time consuming.

POS in retail industry

POS systems are seen immense usage in retail industry. With high level of credit card, debit card and cash charges flowing through POS systems at any given time, retailers need to have highly efficient and effective system to manage such activity. Every single rupee passes through a store’s account book can be easily tracked through a POS system.

However, the efficiency of any POS system depends on the quality of POS software which the retailers use for their business environments.

Features of the POS systems

POS systems can be designed for large-scale retail business applications across multiple locations. Medium-sized enterprises such as a supermarket or electronic and electrical store can manage up to 5 Lakh Stock Keeping Units (SKUs). More so, POS systems can be customized to suit your SKUs and operational needs. POS software can effectively manage both front-end and backend operations of your store business.

While on the front end, POS systems can manage your sales, pricing, qualities and inventory, on the backend they are capable of performing all rudimentary and advanced functions. POS systems can also be used to manage and schedule staff, monitor in and out time, purchases, operational efficiency, pay role management, accounting and individual transaction details.

Customer management is one of the familiar features of any POS system available where customer names, addresses, contact numbers, email IDs, buying pattern and transaction details are stored, either in local computer system or on the cloud. Such information are used by retailers to engage customers using different kinds of CRM activities.

Major Benefits of POS Systems

If you take restaurants for example, POS system has simplified the communication issue faced by staff doing different functions. Waiters and kitchen staff can now exchange communications quickly much to the satisfaction of customers as they get their orders quickly.

Effective inventory management can reduce purchase overlapping, lessen wastages, improve planning and up functional efficiency. An effective POS system can also be used for payroll preparations, which saves money in terms of human resources. Certain POS terminals can perform much advanced functions such as profit and loss, internal auditing, income statements, balance sheets and tax related activities.

For retail businesses which are planning to have POS systems to enhance their operations, it’s imperative to evaluate the cost criteria with respect to having obsolete POS systems and highly advanced and user-friendly modern POS system.

Why Electronic and Electrical Retailers Need Efficient POS Systems

Handling customers at any retail store during peak hours/seasons can be a daunting task for counter staff, workers and floor managers. Specially, when you are dealing with electrical or electronic components or devices, you have thousands of inventories to account for, and manually processing them will be time consuming, tedious and error prone which can prove pricey to store owners.

Automation and digitization have helped retailers selling electrical and electronic items to adopt Point of Sale (POS) technology to run their business operations smoothly and efficiently ensuring customers get excellent shopping experience.  

POS technology has evolved significantly over the years. Gone are the days when retailers provide hand-made bills for the goods purchased and manually prepare daily sales reports and inventory in excel sheets. But things have changed now. Automation has been ruling the retail businesses and store owners have no qualm in adopting this technology which offers them multiple benefits with little cost.

For electrical and electronic stores, one may require a computer system with POS software integrated with barcode scanner, thermal printer, cash drawer (optional), barcode printer, card reader and a payment terminal.

Let us discuss about the advantages of having advanced point of sale system for your retail store.

POS as efficient queue buster

POS devices with suitable retail software can help counter staff bill your customers fast and efficiently thereby reducing the time customers spend in queues to pay the bill. There are hand-held mobile POS (MPOS) devices available in the market, which can make your store staff bill customers on the spot. These devices can be connected to internet and hence stores can offer door delivery services too by providing MPOS devices to delivery personnel to collect payments (cash or card) at customer places.

Inventory tracking

These are the most important functions of a retail store where every retailer would want to automate and avoid complex manual operations. Since advanced POS software now become affordable, retailers selling electrical and electronic items can get tailor-made POS software to suit their business size and needs. When sales happen, the POS machines automatically adjust the inventory of the products sold and provide instant report to the store managers or owners about the current count of all the components.

Get Instant Reports and Plan Business Better

Not only this, store managers can get several vital information regarding sales such as peak sale duration, high and low demand products, daily/weekly/monthly/yearly sales reports, real time sales and inventory positions of multiple stores, sales target achieved by store executives, customer footfalls, customer buying pattern, most valued customers, etc. Such information can help them plan better for their business growth and provide improved services to their customers.

CRM initiatives

Apart from better sales and inventory tracking operations, POS devices can help store owners engage with customers and improve sales. POS devices controlled by suitable POS software can send discount coupons to customers during  special occasions, offer them spot discounts when they visit store, send them mails and SMSs regarding new arrivals and discounts on new products, etc.

So investing in POS can be wise decision for store owners who want to surge ahead with the competition with competent peers. 

Retail Sector Pins Hopes on Union Budget 2018 for Relief

Chennai, January 24, 2018: India’s fast growing Retail sector has been facing unprecedented situation ever since the government made two major initiatives -  demonetization of higher order currencies and introduction  of Goods and Services Tax. While the former was intended to promote digital transactions and make India a cash-free economy, the later was to introduce centralized tax regime, both had bearings on the retail sector.

As impacts of varied degrees are still being felt by consumers and retail businesses, with Budget 2018 is round the corner, Indian industry is pinning hope on Budgetary recommendations to ease out several pain-points being felt by retailers and consumers alike.

While the initiative to digitalize retail transactions across the country has created huge jump in digital transactions, the inefficiency of banks to provide adequate Point of Sale (POS) payment terminals to shop owners and steep Merchant Discount Rates (MDR) have played a spoil sport to India’s cruise towards becoming a cash-free economy.

“The digital payment eco-system requires excellent infrastructure and support system to increase its usage and reach.  The main issue is inadequacy of POS machines, which are not made-in India but have to be imported. To add to the woes of retailers and customers is the high MDR which has to be borne invariably by the customers when they make card payment every time. Though the RBI has recently reduced the MDR for payment up to Rs 2000, the government should remove MDR altogether to encourage more retailers to approach banks to install POS machines. Also, there should be more incentives for shoppers and merchants for adopting digital payments,” says Bhaskar Venkatraman, CEO and Director of Millennium India, a pioneer in introducing POS machines to Indian retailers to automate their business.

The GST which was introduced with an intention of integrating all state and central taxes for goods and services and creating a uniform tax regime, still faces a lot of flak from people and merchants for keeping certain essential items on high tax brackets.

“There are still a lot of POS terminals and peripherals which are being imported after paying huge duties and taxes.  The GST paid on POS machines supplied to merchants to automate their store operations are very high. This negates the very purpose of digitalization move as high cost discourages small and medium retail businesses, who form more than 80 per cent of retailers across India, from automating their store with digital transaction facility,” feels Bhaskar, who was instrumental in launching India’s first and exclusive ecommerce website (Justransact.com) for POS products to reach retailers in remote regions of India.

Though India currently has just over three million POS terminals as on November 2017, to fulfill the ambition of cash-free economy, the government should attract nine million more retailers by providing POS terminals free of cost to them, feels Bhaskar.

Also, since the Unified Payments Interface (UPI) system is emerging as a cheaper and scalable option due to rise in internet connectivity and penetration of smart phones, the government should promote it by easing norms to bring more players who can provide seamless digital transaction services.

Press Release made for Millennium India, Chennai.

How Barcodes Can Improve Health Care Management

Barcodes have become an invincible portion of quality health care in the modern era. Till recently, patient’s treatment, medication procedures and other administrative activities have been taken care of by linear barcodes which are the simple single dimensional barcodes having rows of black and white lines. EAN barcodes, Code 128 as well as Datamatrix Code are some of the commonly used linear barcodes.

Linear barcodes are very useful not only for the medical industry, but also for several retail businesses which include grocery stores, electrical and electronic appliance shops, bakery stores and several such retail enterprises where barcode labels are affixed on the products to be scanned for billing, stock taking or logistics purposes.

Linear barcodes are easy to scan as the lines or stripes are vertical. Scanners can scan barcodes even if they are placed on curved surfaces such as drug bottles or test tubes. Linear barcodes are compatible with almost all types of scanners. However, there are several pitfalls which make linear barcodes unsuitable for medical industry.

Read Full Article Here.

Keep Your Money Safe In POS Cash Drawers!

Indian retailers are fast deserting the traditional and age-old habit of business transactions and are into modernizing their stores with latest technology to be at par with their neighbourhood supermarkets and hypermarkets which are posing serious threat to the small and medium retail businesses.

Check the checkouts!

First to see the sea change in the nearby kirana store or departmental stores is the customer-checkouts. Though retail shops are upgrading their business places with merchandises sitting comfortably on the neatly arranged racks, air-conditioning the entire store to provide maximum comforts to customers and enabling them to pick their own items instead of asking the store representatives to fetch the items for them, the most important thing which is getting the face-lift is the cash counters also known as POINT OF SALE (POS).

The traditional cash counters have given way to modern Point of Sale technology which has made retail transactions easy, convenient and fast much to the benefits of traders and enjoyment of customers who always long for the highest level of comfort while shopping. 

Read Full Article Here.

How LoT Can Transform Your Retail Business

Internet of Things (IoT) has been creating a lot of hype among retail shoppers, and business houses are making concerted efforts to use this technology to bolster their business prospects.

IoT can revolutionize the way we shop and automate several services which in today’s life need human intervention.  For example, in future IoT can make our fridges order food, our electrical and electronic appliances schedule servicing and our cars can go to the filling station for refuelling themselves.

Apart from making our life simple and easy by doing a lot of mundane works, IoT technology will be a game changer for the future retail business environment.

To read full article click here. 

Why POS An Essential Part Of Retail Business

Though India is one among the fastest growing markets for retail businesses, still for many of us the terminology ‘POS’ remains an alien. So, what is POS?

POS represents Point Of Sale, the place where customers pay to shopkeepers for the goods they buy from them. Point of sale can also be termed as checkouts, cash counters, payment counters or billing desk, and so on, in many places.

But in modern terms, POS not only denotes the place where the actual sales happen, but also indicates the technology (both hardware and software) used in dealing with customers by way of billing, payment and other engagement activities.

Read full article here.

How to Get Ideal POS System for your Retail Store

Point Of Sale (purchase) (POS) is the hot seat of any retail business. More the customers at POS mean more business growth! But can retailers retain customers using traditional mean of operations?  

You may bring customers, but they may desert you if you don’t provide efficient check-out system and friendly staff. Customers these days least preferred to wait (waste time) at POS counters to pay bills after spending (enough) time in selecting their merchandise. Modern technology has paved the way to treat customers for easy checkouts, whether at POS or at anywhere in the store.

Read Full Blog Here.

POS can Automate Retail Pharmacy Business to Improve Sales

Retail Pharmacy business in India is highly fragmented and dominated by several mom and pop drug stores. Though some leading players in the market such as Apollo, MedPlus and Religare chain of Pharmacies are leading the organized retail side of the pharmacy business in India, it is still a long way to go for retail pharmacies to engage modern POS technology and become organized to improve sales & customer satisfaction.

Point of Sale (POS) technology, which helps retailers of various businesses to automate their daily operations such as regular billing, inventory monitoring and management, optimal staff utility, customer relation management, and several other back-end operations, can be more rewarding for retail pharmacies as it takes over several mundane works effortlessly and improves operational efficiency.

Read Full Blog Here.

Mobile Payments may Overtake Physical Cards in 2017

Driven by the much-talked about Demonetization by the Government, the Digital and Mobile payments will overshadow cash or card payment practices as the predominant cashless payment mode in India by 2017, according to Deloitte India in its recent report - Technology, Media and Telecommunications (TMT) Predictions 2017. 

Mobile payment, unlike card swiping process using magnetic card readers kept at the Point Of Sale counters of retail stores, uses one’s own smart phone through which a customer pays his bills using either a mobile wallet application or through electronic money transfer, which are safe and secure. 

Read Full Blog Here.

Post Demo, India Emerges Top Destination for mPOS Services

Globally, Mobile Point of Sale (mPOS) service has become a highly competitive market with the presence of a large number of players making it difficult for them to set their service apart, according to Transparency Market Research (TMR).

With their innovative efforts and technology, VeriFone Systems, Ingenico S.A. and PAX Technology have been regarded as the leading mPOS service providers in 2015. They have made huge investments to make mPOS available across major smart phone operating systems - iOS, Android and Windows. Additionally, VeriFone and other leading names are spending significantly to improve their customer engagement methods and practices.

Read Full Blog Here.

How to Keep your Store Mobile-Friendly

As smart phones making a huge impact on millions of Indians with host of life-easing features, businesses take a leap to promote their interest using the advanced features offered by mobile technology.

When we look at the customers at retail stores in major cities, they are increasingly using smart phones to make their shopping experience at Point of sale counters hassle-free, unique and fast. Be it scanning the QR codes/barcodes printed on eatables, comparing price list of various items from nearby stores or paying bills through mobile wallets, shoppers enjoy every bit of their shopping, and so the retailers.

Read full blog here.