Advantages And Disadvantages Of Point Of Sales System

Yes, the POS terminals were out-dated and were being backed by DOS operating system which Microsoft no longer supported. They are running a risk of the product becoming obsolete and being unable to maintain support from vendors. Up-to-date operating system would provide more user friendly mechanisms, more functionality, thus allowing effective communication between stores and headquarters. New modern operating systems would allow simple standardisation and sharing of data across the board. Modern operating systems also provide more security platforms (such as credit card details), inventory management, and report generation for decision making. Also it allows real time transactions to be recorded.

In its basic form, a typical RFID system has two major components, a reader and tags, as shown in Figure 3.1. These tags are made from a tiny chip, also called an integrated circuit (IC), that is connected to an antenna that can be built into many different kinds of tags including apparel hang tags, labels, and security tags, as well as a wide variety of industrial asset tags. The tag chip contains the product's electronic product code (EPC) and other variable information so that it can be read and tracked by RFID readers anywhere(Impinj 2015).

The RFID system mainly includes three parts: reader, antenna, and RFID tag, as shown. Because of the uniqueness of the RFID tag, the reader can locate and

Regardless of the frequency, method of communication, or the power supply, the goal of any RFID system is to enable specific data to be transmitted between a portable device and the tag, and then be processed and used accordingly. RFID systems are used for objects which get lost, stolen often, underutilized, or difficult to locate in a timely manner.

Point of Sale (POS) data systems have allowed the supermarkets and supercenters, to be able to better understand the consumer purchasing behaviors. This has allowed the stores

Point of Sale (POS) data systems have allowed the supermarkets and supercenters, to beable to better understand the consumer purchasing behaviors. This has allowed the stores to beable to better manage their inventories and the product promotions. This knowledge has allowedthe stores to be able to bargain better with their suppliers, which has given them the ability tolower the product costs. The next phase of the marketing research that will have a big impact

point of sale system. The POS system is a perpetual inventory counting method that electronically records items immediately upon their point of sale (Stevenson, 2015, pg. 552). In other words, as a cashier scans a customer 's groceries, each scanned item is automatically recorded in the system and deducted from the store’s inventory. Implementing a point of sale would benefit a business’s inventory management function in several ways. First, the POS system will provide managers with a continuous flow of updated information (Stevenson, 2015, pg. 552). As a result, the information will provide more accuracy when used for sales forecasts and analysis, which substantially affect inventory decisions. Continuously, this inventory system would also allow greater flexibility in the sense that it can be wirelessly linked to the main company’s inventory system, creating a network of the company’s inventory systems. The POS system is capable of tracking many operations at once and can be modified according to management’s needs (MacCarthy, n.d.). This flexibility would undoubtedly benefit a large company like Wegman’s with many store locations. Lastly, the system is able to help businesses maintain a high level of customer service. Because the system gives customers a receipt with the price and quantity of each item purchased, the customer is able to see exactly what he or she purchased. This practice

Domino’s defined point-of-sale system, Pulse, which is an important asset in maintaining consistent and efficient management functions in each of its restaurants. A point-of-sale system captures

RFID, or radio frequency identification, is the new system that is replacing the use of barcodes. RFID tags allow users to more quickly obtain information from the object that the RFID tag

Today, the passive tags are the simplest form of tags without any power source such as a battery, in order to start communication with the reader. The passive tag gets its power from the radio waves transmitted by the reader. The tag contains minimal information such as the unique tag ID and it can be read at a range of ten to twenty feet away from the reader. Passive tags are cheaper to manufacture and are mostly used in disposable items or they can also be used in asset management.

RFID technology is not only used at gas stations, restaurants, and department but also at

It is needless to say how a transaction processing system(TPS) is a crucial part of an online store in this day and age. Its help the online to stay effective when customers are proceeding to checkout. Therefore we demand a TPS which assists our online store to run smoothly. Having a satisfying TPS benefits us from receiving payment in a short time so we can deliver goods to customers as fast as possible. We have set a few criteria like price, reputation, advantages and disadvantages in finding the most suitable TPS. After putting in serious consideration, we all agree that Payzer is the best receipt for our online store.

Radio-frequency identification (RFID) is the remote utilization of electromagnetic fields to exchange information, for the reasons of consequently recognizing and following labels joined to protests. The labels contain electronically put away data. RFID utilizes Radio frequency to distinguish and track "labeled" things. This information is then gathered and transmitted to a host framework utilizing a RF Reader. The data transmitted by the tag may provide identification or location information, or specifics about the product tagged, such as price, color, date of purchase, etc.

A point of sales system is another great addition to nay growing business. The POS has many functions. The POS will contain a register for purchases, have the ability to track reports and menu maintenance, improve service speed, and enhance customer service. To increase service speed, the POS efficiently makes order entries that are then transferred to the kitchen. This results in fewer mistakes and the ability to track ticket and wait times. The system also has the function of splitting checks and makes card processing simple. This ensures more seat turnover and shorter wait times for the customers. In return this has the potential to increase revenue at every service. POS can create loyalty programs that ensure repeat customers and generate more sales of gift cards. POS provides operational control that analyzes “detailed reports to drill down on sales, server and restaurant performance” (NCR 2013). A software like ALOHA also provides a training interface that allows new employees to learn the system quickly. This reduces the cost a restaurant would ultimately have to pay on training new employees. The ALOHA system is very up to date with new technology trends, providing mobile and digital signage and cloud based solutions and social technologies. The variety of functions in a point of sales system makes it very attractive to new restaurant owners. The cost of a POS can range hundreds to thousands of dollars based on the size of the

A point-of-sale system captures purchase and payment data at a physical location where goods or services are bought an d sold using com puters, auto­ mated cash registers, scanners, or other digital devices. In 2003, Domino's implemented Pulse in a large porti on of its stores, and those stores reported improved customer service, reduced m istakes, and sho rter training tim es. Since th en, Pulse h as become a staple of all Domino's franc hises. Some of th e func ­ tion s Puls e performs at Domino's franchi ses are tak­ ing and custom izing orde rs using a tou ch-screen interface, maintaining sales figures, and compili ng customer in formation . Domino's prefers n ot to discl ose th e sp ecific dollar amo unts th at it has saved from Pulse, but it's clear from indus try analysts th at th e technology is work ing to cut costs and inc rease customer satisfaction . More recently, Domino's released a n ew hardware and software platform called Pul se Evolution , which is now in use in a m ajority of Domino's m ore th an 5,000 U.S. branches. Pulse Evolution improves on th e older technology in several ways. First, th e older software us ed a 'thick-clie nt' m odel, wh ich re quired all m achines using th e software to be fully equ ippe d personal compute rs running Windows. Pulse Evolution , on th e othe r h and, uses 'th in-clien t' arc hi­ tecture in wh ich n etworked workstat ions with little indep endent