Buyer’s Guide
The following information is provided by AM/PM Service as an informative point of sale (POS) buyer’s guide for customers who may be considering new Point of Sale systems or or software. For specific product information please contact your local AMPM POS location.
What is a Point of Sale (POS) system?
A Point of Sale (POS) system usually describes a PC based device that rings sales, collects and records sales information, calculates taxes and provides sales reports. As well a POS system can track inventory, re-order stock, track customer purchases, and give detailed sales information.
Typically POS systems are sold for several different types of verticals. For example at AMPM POS we have POS systems for Retail, Grocery, Hospitality and Gas Bars. Each system is customized for the particular needs of the industry.
Why do I need a Point of Sale system?
The general trend in business today is towards franchised chain stores and restaurants. The larger franchises and chains have greater purchasing power which enables the stores to push prices down for the consumer. With this in mind the independent business owners need all the advantages they can get.
In a retail store a new POS system can provide both the sales and marketing tools as well as inventory management tools to increase sales, reduce labor and increase bottom line profits. By implementing a new POS system a customer could expect to increase sales, by increasing speed and accuracy of sales which improves customer service, increases sales by target marketing customers, decreases losses with better inventory control and reduces overall expenses by reducing labor and more accurate purchasing order management.
In a restaurant a new POS system would allow an increase in speed of service and order accuracy, thereby improving customer service and loyalty. A POS system allows owners control over discounts and promotions and produces audit trails for day to day balancing. Real time information on menu item performance allows chefs to better plan food purchases. Implementing inventory control will help control theft and food and beverage usage. Additional modules such as time and attendance can help with reducing payroll time and enable labor costs to be monitored for maximum benefits.
Contact an AMPM POS Expert!