Millennium showcases advanced POS technology at IWS 2016

New Delhi, 08, June 2016: Millennium Soft-Tech (India) Pvt. Ltd., a leading POS technology provider in India having wide partner network, is showcasing the most advanced POS technology to support warehousing, logistics and supply chain management at ‘India Warehousing Show (IWS) 2016, which begins on June 8 at Pragati Maidan in New Delhi.

Millennium will be displaying some of the widely used, industry specific and application-oriented POS devices such as wired and wireless barcode scanners, portable data terminals, industrial and domestic barcode printers, colour label printers, data collectors, portable data terminals and table-top scanners from the world’s leading brands like Toshiba, Honeywell, GoDex, Epson and Opticon.

Speaking on Millennium’s second successive participation in India Warehousing Show, Bhaskar Venkatraman, group Director of Millennium India, said: “We are overwhelmed to be a part of one of the largest warehousing expos in the world. We have over two decades of market exposure in the Point Of Sale technology in India, which we are bringing in here to showcase the latest advancement in technology to benefit warehousing, logistics, material handling and supply chain businesses. We strive to reach out to them with the most modern and latest POS technology and help them sophisticate their businesses through wide range of POS products suitable for their application and industry.”

The sixth edition of the three-day mega supply chain event is expected to be visited by over 10,000trade visitors representing high level decision-makers and buyers from across the globe.

Bhaskar Venkatraman

To make visitors understand the relevance of products suitable to their business, Millennium is offering demos of various products applicable for warehousing and supply chain management at their stall (12 A).

“With the advent of e-commerce industry in India, the need of warehousing and logistics infrastructures has grown manifold and we strive to address the huge demand

for quality and efficient supply chain management needs from warehouses and logistics players by introducing the advanced technology to make their day-to-day operations organized, faster, easy and hassle-free.”

The Fair offers visitors a complete view of the entire process chain of the warehousing, transportation and logistics industry. Over 200 domestic and international exhibitors are presenting innovative products and services for trade visitors and entrepreneurs who will get an opportunity to exchange ideas and make new business contacts.

The exhibition is being organized by Reed Manch Exhibitions, a joint venture between Manch Communications of India and UK’s Reed Exhibitions.

About Millennium Soft-Tech

Established in 2002, Millennium Soft-Tech (India) Pvt Ltd has been in the forefront of providing Point Of Sale (POS) technology products and solutions to Indian businesses through astute marketing strategy supported by huge partners’ network across India. Launched and lead by Bhaskar Venkatraman, a veteran in POS technology having over two decades of market exposure, Millennium has a clear motive of empowering millions of unorganized small and medium enterprises spread across the country by automating their transaction activities and make them competitive with established market peers.

Headquartered in Chennai and having branches all across India, Millennium is credited with excellent logistics supports and capable of reaching products to customers’ doorsteps even in remote areas. Providing nation-wide distribution for leading multinational POS brands including Epson, Posiflex, Casio, Toshiba, Honeywell, Godex, and Opticon, Millennium offers POS solutions to corporate brands, retail giants and SMEs across India.

Published by: Merinews, 

EPR Retail News, 

Open PR,  

Press Release Point, 

PR Log

Check-outs can Make or Break Customer Relationship!

Customers are always king! They expect, if not a royal treatment, a comfortable environment and courteous staff to guide them shop around. These things can make them revisit or recommend others about your store. So, what happens, if more than 80 per cent of a country’s retail outlets are technologically backdated, following age-old business strategies, or denying customers the best shopping experience? They lose customers and experience stagnated growth.

This holds true to the over 12 million retail outlets spread across India, the country which is one of the fastest growing economies in the region. Having congenial business environment and friendly government policies notwithstanding, these outlets, most of them are family-owned, are losing out business to more organized and technologically advanced retail outlets, which are, in real count, far less in number.

Read my full PR Media blog here.

The press release published by other media sites: - Merinews, Pr-log, Pressreleasepoint, Eprretailnews, Free-press-release, Briefing wire & Openpr.

Large Mobile Workforce and On-The-Go Printing Drive Portable Printer Market

Increasing mobile workforce and on-the-go print requirements are expected to trigger the global portable printer market growth during 2016-2020 and if experts are to be believed, the market will have the growth momentum of over 17 % CAGR with thermal portable printer market alone is estimated to cross a whopping USD 725 million with a CAGR of20 per cent.

The research report titled, ‘Global Portable Printer Market 2016-2020’ by TECHNAVIO has categorized the global portable printer market into three major categories based on technology - Thermal, Inkjet and Impact.

Thermal portable printer

The report by Technavio said that the thermal portable printer market would be valued more than USD 725 million by 2020 with 20 per cent CAGR during the forecast period. Apart from being useful in field support and entertainment services, thermal printers are widely used in industrial applications in retail, transportation and logistics, healthcare and manufacturing.

Read the full article here.

'POS terminals need secured access to thwart data thefts'

LISTECH Services Solution Pvt Ltd is a Mohali-based company for software development and customisation. Launched by Mr Durgesh Sharma, who is the Director of the company, LISTECH has pioneered in providing software support to various retail applications. Having completed his MCA from Pune University, Durgesh has held various positions from system analyst to project manager in various IT firms before launching his own. 

Durgesh, who has close to 15 years experience in software industry, speaks about Indian POS market, POS software and its importance, security threat to POS devices and more.

• How will you differentiate cloud-based software support with the conventional one? Which, according to you is the best for an Omni-channel retail environment?

Cloud based software support has a lot of advantages over the conventional one. Some of them are:
24/7 Accessibility
Real time info sharing
Easy Info Updates
Easy Problem Fixing

The market is slowly changing from conventional software application dependence to Cloud-based one. Customers are increasingly demanding for the retrieval of available data in real time from every location. So, Cloud-based solution is the best option for retailers to scale-up their business and customer’s shopping experience.

Read the full Interview here

Barcode-effect that revitalizes retail business

Everyone knows that the omnipresent BARCODES printed on every single package on sale provides complete information about the product for the manufacturer, vendor and customer.

It has become obvious these days that without using barcode technology, no retail business can function smoothly and effectively. There are a lot of benefits barcodes can hold for retailer with some of them being it makes business processes and operations easier. Barcode scanners are helpful to automate businesses thereby helping traders save a large amount of time, resources and money which in turn improve the profit margins.

With technology equipping consumers to scan the barcodes to understand the information embedded in it, they can’t be taken for granted by retailers by providing false information on the packages. These mobile devices grant consumer access to information about the products from the barcodes such as location, date and ingredients of the product. For food items, these details are rather most important to consumers.

Read my full blog here

Omni-Channel is History; IoT is Future!

There has been a lot of discussions about ‘Omni-channel business’ in India in the recent past and before we could understand the relevance of it to Indian business environments, there comes another technology update -  the Internet-of-Things (IoT), which is catching up fast in the world of business.

While Omni Channel refers to a business which virtually opens up all possible “doors” for customers to enter into a shop to do transactions simultaneously, Internet-of-Things makes devices across Point Of Sale wired through internet for dynamic data handling and transfer and anytime access for better business management.

Both these technologies have become a fad in the West. It is surprising that India, which is among the fastest growing retail markets in the World, is still to catch up with a suitable technology to sophisticate her Point Of Sale (POS) counters. It is only during the past few years that POS technology has invaded into tier I and II cities, thanks to overwhelming presence of super and hyper market stores. Still millions of Kirana stores and other small and medium businesses across India are following traditional means to do business.

According to a recent study, more than 80 per cent of Indian retailers are still relying on traditional billing system with majority of them using hand-written bills or outdated cash registers forcing customers to fret out standing on long queues to complete transactions. The poor inventory management, haphazard business strategy and improper sales and staff handling add to the woes of these old-gen retailers as they become no match to technologically advanced peers in their respective localities. And of course, they lose customers and struggle to hold on to stiff competition.

Read My Full Article here

Also Published in Linkedin & Merinews.com

Hip hop and go mobile!

We are in technology-driven world that more often than not experience ‘yesterday’s luxuries becoming today’s essentials’. When mobile printers came into the market for the first time a few years ago, retailers thought them as mere accessories but not necessary for their business. Even, the effervescent cell phones too once thought to be accessories of indulgence by conservatives.

But technology proved them wrong by casting its spell on the modern living and one would appreciate that the run-of-the-mill mobile phones invariably come with high-resolution cameras, fast net compatibilities and hordes of facilities. Similarly, mobile receipt printers have seen a complete makeover during the last decade loaded with facilities such as wireless network connectivity, fast checkout/payment process and printing receipts.

So much so that in today’s marketplaces, mobile printing has become an integral part of any retailer who wants to increase precision, productivity and speed.

According to a recent survey, the global mobile printing market is expected to reach USD 3.81 billion by 2020 with a CAGR of 32.5 per cent driven by demands from retail, hospitality, healthcare and transportation & logistics sectors.

Read full article here

Also published in LinkedIn

How to enhance customer experience at POS

Customer is always the King. They only decide what they want, where and how the products should be displayed, how it should be shopped and, finally, the best suitable mode of delivery. The market, no doubt, revolves around customers’ needs and their expectations. Today’s customer expects great shopping experience with utmost convenience.

They want the shop to be accessible round-the-clock, if not physically all the time, but through smart phones even in odd hours. The competition is rife among the trading community to outwit each other to win more customers. Today, if a trader isn't aware or tuned to an integrated point of sale (POS) solutions that offer seamless sales across all counters (omni channel) and all modes of payment, then he is surely running an outdated business module.

If you are adopting the sales solution focused on cash or card payment, then it’s time for you to integrate payment solutions at your store which will help you to connect with consumers whenever they want to do business with you...

Read my full blog here

Read @ LinkedIn ;  @ Merinews.com

Mata or Ammi all are same if we are one

Is “Bharat Mata” only for Hindus? It looks the fatwa issued by Darul Uloom Deoband shows that. Deoband says Bharat Mata is a god worshipped by a particular community in India. So, chanting this will go against the tenets of Islam. Do the same tenets approve massacring innocent people by the followers of that community? Will Deoband issue fatwa against them too?

Or will Deoband agree if they are asked to chant Bharat Ammi Ki Jai, as suggested recently by Shabana Azmi to All India Majlis-e-Ittehadul Muslimeen leader Asaduddin Owaisi. What is the need of this controversy?

Bharat Mata is not belonging to any particular community but for the people of India. Anyone who is the citizen of India has the right to say it with proud. Our freedom fighters used this slogan to energize and electrify the freedom struggle. Did Islamic freedom fighters refrain from saying this slogan then, just because it was “un-Islamic”? No historical evidence to support this. Then why these people are now raising this meaningless issue when the country is passing through the crucial phase of development?

This is just because, we don’t have a common constitution to bind the entire community in India, irrespective of having different religions. We need one common rule for everyone, be it for education, jobs or marriage. The constitution of India should be amended equally for every citizen and those who oppose should not be allowed to enjoy the government and social benefits.

Hindus, Sikhs, Muslims, Christians, Jains and other communities are living in harmony and people should not allow the sectarians/politicians to divide them in the name of religion. The “Bharat Mata” issue is one such attempt to weaken the common thread which unites every citizen of India. Let’s say Bharat Mata Ki Jai and Jai Hind together with proud, irrespective of who we worship at home.

Also published in Merinews.com

How POS can transform Indian hospitality industry

The advancement in technology has played a major role in transforming our daily lives, and the effervescent Hospitality Industry in particular, has been, in the recent times, witnessing major developments due to the entry of highly sophisticated Point Of Sale (POS) systems.

Today's customers and guests are increasingly used to personalised services that are more efficient and smoother than ever before, thanks to the availability of clear customer data and dynamic payment system that has replaced the time-consuming, obsolete and laborious processes. So, to stay ahead in the business, it's imperative for those in the hospitality industry to keep attune to the innovations in POS technology.

Enhancing customer experience with efficient POS solutions

If you want your hospitality business to gain competitive edge, you need to take the advantage of the positive transformation brought by the POS technology products. More hospitality outlets in India are now using modern payment and other back-end solutions that have replaced the time-consuming and traditional means of serving customers. With the right POS system, you can enhance customer experience by giving them fast and efficient service, even during rush hours.

Read Full Article Here

Read all my POS articles @ Scoop.it

Honeywell AIDC Eyes LoT for Retail and E-commerce Sectors

Aseem Joshi

As a regional head for Honeywell’s Sensing & Productivity Solutions business, Aseem Joshi has been developing strategies and spearheading sales and marketing teams to grow business. Aseem came to Honeywell from Eaton, where he worked in various roles, including Plant Manager, Marketing Manager and APAC Marketing Strategy Manager for their Hydraulics business. 

Prior to Eaton, he was an Engagement Manager with McKinsey & Company and later associated with IBM as an Industrial Engineer. He has an MBA from INSEAD, MS from Virginia Tech and a BE from Pune University. Married and having 2 children, Aseem is currently based in Pune.

Aseem speaks to K Ramanathan on Honeywell’s AIDC market in India, notable product launches, and how technology can help retailers meet omni-channel challenges. Excerpts…

What is the current market size and demand for AIDC products in India? What is Honeywell’s contribution in terms of meeting the demands?

According to “India Barcode Scanners and Printers Market Forecast & Opportunities, 2017” the revenues of the barcode industry in India are likely to grow at a large Compound Annual Growth Rate (CAGR) of around 30% during the period 2011-2017. This presents many opportunities for companies in the AIDC space, including Honeywell. Going forward, Honeywell AIDC is at the forefront of Internet of Things (IoT) for retail and e-commerce sector.

Honeywell has been and continues to working with our channel, our solution partners and with a number of customers across Indian sub-continent to identify and address their business challenges, through automation. One example includes India Post, who we are helping to automate their 130,000 post offices across the country. By integrating scanning technology, Honeywell assisted India Post to leverage our world-class AIDC technology.

How do you envisage Honeywell’s overall growth in the next five years in India?

Honeywell has been in India since almost 100 years, successfully working with our customers in a diverse range of sectors across India, supporting growth through technology and innovation. We have almost 15,000 employees (including 8,000 engineers) in country and physical presence across 50 cities.  Our 7 manufacturing locations and 5 global technology & engineering centers will continue to contribute to our commitment and growth along with our customers.

The retail sector is a priority for Honeywell Sensing & Productivity solutions. This is because Indian retailers, 3PLs and transport and delivery businesses here, like their counterparts around the world, have seen rapid growth and increasing operational pressures as a result of the rise of omni-channel. The increasing number of consumer shopping options, including online, in-store and click and collect, as well as the small piece orders, the increased number of delivery destinations that have to be reached in shorter timeframes, pose challenges for local retail businesses. 

To help address these operational pressures Honeywell will increasingly work with Indian retailers so that they have the right systems and technologies in place to keep pace with the omni-channel.   We are in a vantage position to enable brick-and-mortar retailers, be it neighbourhood groceries or hypermarkets, adopt technologies that are most suitable to their needs : bee it around from POS to mobile couponing, queue-busting to cross-selling and from in-store to back-end.

Honeywell Sensing & Productivity Solutions will also in the coming years be concentrating on developing and delivering end-to-end solutions that enable seamless measures, controls and collection of data across all business systems and devices. Business connectivity and data collection allows for optimisation of workflow processes and worker productivity and accuracy.

Honeywell will leverage our heritage of industry leading technology and innovation, and work with our partners to invest in hardware, software, cloud technology and analytics solutions that best support true business connectivity.

What are the latest offerings from Honeywell for Indian POS market?

Being at the forefront of innovations in custom-engineered sensors, switches and controls, and productivity solutions built around high performance data collection hardware for more than 40 years, Honeywell Sensing & Productivity Solutions prides itself on delivering best practice technologies to businesses across India.

Honeywell’s acquisitions of Intermec and Datamax-O’Neil highlight our ambition for continuous investments that strengthen the depth of our technology solutions and portfolio. Today, Honeywell offers the most comprehensive range of products in the industry, with over 50,200 products, including controls, global tracking, printers, scanners, mobility, RFID, Voice solutions, sensors, software and electromechanical.

Honeywell Sensing & Productivity Solutions allow businesses to manage their data, assets and workers in order to optimise performance and processes in every corner of their facility.

Our Orbit 7120 presentation scanners and Eclipse 5145 are already brands by themselves! Last year our thermal desktop printer PC42t was also very well accepted by the end-users.

This year, Honeywell is releasing a number of exciting technologies in the retail space, including the Solaris 7980g scanner, which meets the needs of the growing mobile payment trend. The scanner has the ability to read 2D barcodes off mobile phones, as shoppers increasingly want to use their mobile devices in place of credit cards and loyalty cards.

For retailers after an affordable scanner, Honeywell has also released the Voyager 1602g pocket 2D Bluetooth scanner. The ergonomically designed Voyager 1602g scanner can be coupled with tablet-based retail POS systems, mobile POS solutions, inventory management, backroom/stockroom and in-store customer engagement.

Can you tell us how technology can be a game changer for retail sector?

Honeywell solutions are designed to help retailers compete in an increasingly competitive environment by increasing store associate productivity, reducing operating expenses and increasing customer loyalty.

Honeywell’s innovative solutions are primed for many key retail applications including store operations, fixed Point of Sale, omni-channel fulfillment, in-store mobile and warehouse.

The retail worker of today is not tied to one station and is instead moving throughout the store. These workers need technologies, such as the Voyager 1602g, which enable mobile productivity and accuracy with ease. A mobile barcode scanner has the power to not only increase productivity and accuracy, but also allow workers to interact with customers and provide a much higher level of service.

Customer service is also being improved with the launch of mobile payment offerings like Apple Pay and Google Wallet. This means customers and retailers benefit from a faster and more seamless check-out experience. With the use of a 2D barcode scanner such as the Solaris 7980g, consumers can now pay for their goods with a simple tap, while simultaneously earning loyalty points, discounts and promotions directly to their device.

Those retailers who invest in 2D barcode technology will be best placed to provide the best in-store shopping experience for their customers as mobile devices become more commonplace for payment.

Also published in: JusTransact.com

Budget 2016: Indian Retail Sector Feels Let Down by FM

Chennai, India: March 14, 2016: India's Federal Budget for the 2016 fiscal though focused more on farm sector and gave a balanced outlook to other industries, stakeholders of Asia's fast-growing retail sector believe that the Budget did not offer any direct proposal to boost the sentiments of the business community but the sops offered to other sectors will have their implications on the retail sector’s long-term growth.

India’s retail sector, which is the third largest employment generator after agriculture and construction industry, adds considerable momentum to the country’s GDP year-on-year. According to industry sources, though there are no big-ticket announcements in the budget to add fuel to the retail sector’s growth, certain indirect measures proposed by the Finance Minister will improve the buying sentiments among the middle-class, and add up to the growth of retail and allied sectors.

Read full article here

Also published in : EPRRETAILNEWS.COM,  MERINEWS.COM,

Industry.co.uk and Press Release Point.

Real Estate Regulatory Bill empowers buyers to take on errant builders

The much-awaited Real Estate Regulatory Bill has now broken the last hurdle to become a concrete legislation when it was passed by the Upper House of the Parliament – Rajya Sabha on Thursday much to the relief of home buyers who now got a legal arm to protect their interests.

The Bill has various provisions which can protect the interest of buyers, who have remained mute victims for years due to irregularities in the real estate dealings by unscrupulous builders across the nation. The provisions of the bill now will make the developers accountable and also bring in the much-needed transparency in terms of dealings and quality of the products.

Indian real estate has so far been remained unregulated which has made many becoming fly-by-night builders to take advantage of the gullible home buyers. Big builders are now happy because this bill will regulate the industry and cut-to-size the small-time developers who account for more than 60 per cent of realty transactions in India.

Read complete article here

Also published in Press Release Point.

Be Smart to Scan Barcodes on the Go

Barcode scanners have made life easier for traders and shoppers alike. How exactly a scanner works, decodes information from the black and white strips on the grocery or any merchandise and sends the collected information to the POS terminal to generate bills? It’s interesting to know about it. 

Ever since the invention of the barcode technology about six decades ago, there have been continuous efforts to make the technology faster, reliable, trendier, user-friendly and more customer centric.

Shoppers are more worried about accurate scanning and faster checkouts. In true sense, no shopper or for that matter even staff at checkouts, would really bother to understand the complexities involved in scanning barcodes to printing bills. Technology has made the complex process smooth, sophisticated and faster.

Read full article here.

Robust growth for mPOS market in India

According to a new study by Transparency Market Research, mPOS shipments worldwide are expected to witness a 20-fold growth of 245.21 million units by 2022 from 11.87 million units recorded in 2014.

The research titled “Mobile Point-of-Sale (mPOS) Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2022,” focused on the global market with an in-depth analysis of four countries namely India, China, Mexico and Brazil. The market is estimated to expand at a CAGR of 47 % during the forecast period, the report said.

The research took three parameters into account -- Solution, technology and end-users by considering related things which include:  Card Reader Accessories, Integrated Card Reader Solutions, Hybrid Technology Solutions, Magnetic-Stripe, EMV Chip and Pin, Near Field Communication (NFC), Biometrics, Chip and Sign, Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment, Transportation, Government and Consumer Utility Services.

The global mPOS market is expected to witness a tremendous growth outside Europe and North America, considering the untapped prospective markets in developing nations. The widespread usage of Internet and technology in emerging markets are the major factors which are driving the mPOS market. 

India and China to rule mPOS market

India, being the fast emerging market among Asian peers, is expected to see a leap-frog growth in mPOS shipments with an expected CAGR of 55.8% during 2014 – 2022. The growth can be attributed to the presence of large number of small merchants, widespread usage of smart phones and Internet penetration in the remote areas of the country, and proactive government policies. 

Moreover, leading banks in India have launched NFC-enabled credit and debit cards, which further funnelled the growth. Further, China is expected to grow at a CAGR of 53.3% in terms of mPOS shipments during the period. Government policy for branchless banking and the efforts to create mobile micro-ATMs in rural areas in China will further drive the mPOS market. 

The report said, China will increase in shipments of NFC mPOS solutions, due to the advantages of NFC technology over the older mPOS.

Emerging economies 

In the coming years, Mexico and Brazil are going to be the other emerging economies for mPOS market considering the untapped potential in the region in and around the nation. While banks in Mexico take efforts to promote card payments by joining hands with mobile payment technology vendors, for Brazil its retailers of various sizes would play a major role in adopting mPOS solutions. The large adoption of mPOS in developed markets such as Europe and North America is expected to grow due to the replacement of outdated mPOS devices.

Transparency Market Research (TMR) is a leading market intelligence firm providing global business reports and services.

The article published in jusTransact.com

New Integrated Industrial Township to Adorn Uttar Pradesh Realty Map

Industrial townships are developed, not only to meet the growing demands of manufacturing sectors, which add up to the economic growth, but also create huge employment opportunities in the respective region besides boosting infrastructure and new residential settlements. These townships are self-sustainable where people enjoy all the basic amenities while residing closer to their workplaces.

Uttar Pradesh, which has several such industrial corridors to its credit, is all set to witness a world-class integrated industrial township coming up in Greater Noida as part of the much-awaited Delhi-Mumbai Industrial Corridor (DMIC) project.

Written this article for Gozoop.com

Read full article here.

Welcome to new Indian hospitality!

The hospitality industry in India has seen a complete makeover during the last decade clocking unprecedented growth with a CAGR of 12 per cent year-on-year and achieving a significant flow of foreign exchange into the industry. According to an estimate, the sector’s direct contribution to GDP accounts for US$ 44.2 billion in 2015 and expects to surpass US$60 billion in 2020.

Though several factors including growing consumer demands/needs, expanding economy and government policies can be attributed for its explosive growth, the one which does the behind the scene operation is undoubtedly the technological evolutions at the point of business transactions, which transformed the industry to met ever-changing consumer needs.

Read the full article here.

Also published in: Merinews.com ; IndustryToday.co.uk; PressreleasePoint

Union Budget 2016: Real estate sector looks up to FM for revival

It’s Budget time again, and Indian real estate sector is yet again pinning on the hope for a slew of measures from the government which will see the revival of the struggling sector. 

While most of builders and realty experts believe that measures to improve consumer sentiments through income tax rebates and reduction in borrowing rates can put the life back into the system, others want the government to take long term measures by implementing the much-talked about REITs, Special Residential Zones and Real Estate Mutual Funds (REMFs) to make the real estate more vibrant. Here are the excerpts.

Read the full interview here.

This article also published in Merinews.com

Five best POS channels to engage with customers

Technology has indeed altered the way businesses are operating these days. So, if you want sustainable growth in your business, apart from having a great business acumen and enough funds, you should also be a tech-savvy person, else your business would stagnate and customers might migrate to “comfort zones’ offered by your competitors.

Hence, with New Year ushering, why not try some fantastic options offered by the technology at Point of Sale (POS) counters, which would, not only help enhance customer experience, but also boost sales manifold?

Having seamless POS channels

There are different ways your consumers can interact to do business with you. Some of them can come directly at your brick-and-mortar shop while others can order through telephone, e-mails, contact via chat rooms, or mobile apps. Sometimes your customers use multiple channels to compete the activities. For example, they would have enquired at your physical store but went back and ordered through your online store or vice versa. So, it is imperative that all these channels be tuned well for seamless customer interaction and execution of sales.

Read Full Article here.

Also published in Merinews.com

Now invisible barcodes to dodge counterfeits at Point of Sale

Barcodes came into existence half a century ago to speed up the check out process, enhance customer experience and promote businesses.

But the booming retail sector, ever increasing demand for faster check-out alternatives and increasing incidents of counterfeit items despite barcoding them, have forced technologists to strive for a fool-proof, reliable and still faster mode of dispatching goods at Point of Sale (POS) counters.

If the new technology unveiled by Beaverton-based Digimarc Corp goes viral, the black and white stripes will become extinct in another few years, to be replaced by a new concept called “invisible barcodes”, which are not only reliable and reduce the chances of malpractices, but also help faster checkouts.

Read full article here.

Also published in  -

industrytoday.co.uk/ 

merinews.com/ 

eprretailnews.com/

This gun silently hunts down barcodes at warehouses!

Warehouse management, which forms the backbone of distribution network across India, is all set for a complete makeover, thanks to the advancement in barcode technology which has taken an unassailable control over the effective, safe and error-free dissemination of millions of consignments across the country.

During the first half of 2015 (January-June), around 6 million sq ft was taken up by warehousing space occupiers across the country, a growth of nearly 60 per cent compared to the corresponding period in 2014.

The booming E-commerce sector, improving domestic economy, effective legislative reforms and off course, technological innovations in warehousing management have played pivotal roles for the staggering growth of Logistics and Industrial Market in India, feel experts.

Read full article here.

Also published in 

MERINEWS.COM  &

EPR Retail News

POS to Scale up Indian Retail Sector Growth in 2016

The fast evolving consumer preferences associated with advancement in technology has made the Indian retail sector one of the most vibrant among the Asian peers with the market indicators forecasting the sector to cross US $ 1 trillion by 2020 from the present $600 billion riding on 13 per cent Compound Annual Growth Rate (CAGR).

While government policies and macro economic conditions act as catalysts, technology plays a pivotal role in revamping the sector towards fast-track development. Thanks to advancement in Point of Sales (POS) technology, sales counters across India are witnessing complete makeover with traditional retail giving way to organized business environment clocking exponential growth. Automating operations by brick-and-mortar businesses with cashless transactions for enhanced customer experience is gaining ground across Indian cities.

Point of Sale hardware products such as barcode scanners, thermal receipt printers, electronic cash registers, barcode printers, Touch POS monitors, mobile/tablet POS and Cloud POS are in great demand with manufacturers expecting good sales in 2016 due to improved market conditions, feel experts.

Bhaskar Venkatraman, Founder and Director of JusTransact.com, an e-commerce portal offering POS technology products to retail and non-retail businesses in India, says: “Indian retail sector has finally taken wings riding on POS technology to make new strides in the coming years. POS is one of the major growth ingredients for retail sector. With government opening up FDI in retail sector and Goods and Service Tax (GST) Bill becoming a reality in 2016, the POS market is expected to witness unprecedented growth by 2020 clocking two million POS installations from the current one million mark.”

However, on global perspective as per a 2014 estimate, of the 250 billion cashless transactions, India accounts for only 0.2 per cent through 1.2 million POS installations. With Reserve Bank of India (RBI) relaxing rules to allow cash withdrawals through POS machines across India, the demand for POS machines are going to go up further in the coming year, opines Bhaskar.

According to RBI Deputy Governor R Gandhi, “If India needs to reach the average levels of BRIC nations, we need to have another 20 million POS terminals from the present 1.2 million machines connecting rural and urban areas. With India having more than one billion mobile connections, the retail payments in the next five years would be increasingly driven through mobile payments, the top RBI official lamented.

Recently, several state governments including Rajasthan, Andhra Pradesh, Orissa and Madhya Pradesh have started introducing POS machines at their fair price shops to reduce pilferage of food items meant for public distribution. These hand-held POS devices with biometric fingerprint scanner will soon find place in thousands of ration shops across the country.

Expressing optimistic about POS market in India, D Bhaskaramoorthy, Vice-President – Sales, Posiflex Technology (India) Pvt. Ltd, one of the leading POS hardware brands in India, says, "With FDI opening up for Retail sector and GST implementation looking brighter in 2016, we can foresee a potential growth for retail segment vis-à-vis POS and peripherals in India as more and more stores are expected to automate their business to enhance sales and back-end operations.”  

Implementation of GST will enable easier movement of goods across the nation, thereby benefiting retail operations pan-India, he says.

Also read this article in  -  Justransact.com, Merinews.com &

NprRetailNews.com.