A POS system is a software and hardware tool that allows a retail establishment to centralize and control all of its commercial processes. POS systems can assist merchants in keeping track of all purchases, sales activity, inventory, staff, and marketing efforts.
POS systems can assist merchants in keeping track of all transactions, sales activity, inventory, staff, and marketing efforts. The POS machine can help you boost your productivity and make your business a thriving one.
In this article, we are presenting you with the essential things you need to know about POS machines.
Uses Of POS Machines
- Inventory management
- Sales management
- Order management
- Employee management
- Customer loyalty programs
- Marketing campaign
- Reporting & analytics
Types of POS Machines
POS machines can be grouped according to the types of technology they use. They are:
- On-Site Terminal POS Systems.
- Cloud-Based Terminal POS Systems.
- Mobile POS Systems.
- Online POS System.
- Self-Service Kiosk.
- All-in-One System.
- Cloud-Based Software.
- User-Friendliness
Factors To Consider Before Selecting The Right POS Machine
- What are the necessary unnegotiable features you expect in your POS system?
- What is your business size? (the number of stores you have, the number of products/services you offer)
- How much are you willing to spend on your POS system? (setup fee, maintenance, and update fee)
- What data do you need to track and analyze?
- Do you need mobility?
- Do you want your customers to join in the checkout process?
Cost Of POS Machines In Ghana
POS systems come with both fixed and variable costs, and the price will vary depending on your provider, your business type, how many stores and employees you have, and the features you need.
The starting price for the POS machine starts at GHS 1, 500 to GHS 10,000 with all the factors above taken into consideration.