What is POS is a question many ask, one we are grateful to answer for you
What is POS software? This is a question often asked online and we’d like to answer it for you. Since we live and breathe it at Tower Systems we tend to not over think it, or get stuck on the POS acronym. Today, though, let's unpack what is POS software for you ...
The acronym POS stands for Point of Sale. This refers to the system that retail shops use in order to sell their products and in this case a system is computer and software and computer hardware working together to manage a retail business, usually from the sales counter.
It is called Point of Sale because that’s where the sales are tracked.
POS is more than an acronym though, it represents the beating heart of a business, the place where all business data is collected, curated and managed. It can be ore to the success or otherwise of a retail business.
POS software is a crucial part of the retail business because it helps automate retail operations and manage retail stock effectively. In retail, time is money and it's very important for retail businesses to ensure they are getting the best value for their money when it comes to software.
Think of POS software as a business tool, something to learn and master, something to make your own, for your purposes of success for the business and those who rely on it.
The nature of POS software varies by business type. For some it is simply tracking inventory in and out while for others it is managing customers, their needs and interests and handling marketing to encourage more business from them. In jewellery businesses, for example, jeweller POS software manages stone details, product serial numbers, product repairs and more.
Retail stock management is a retail best practice that retail professionals should follow because retail stock takes up retail space and it's important for retail businesses to manage their retail stock effectively so they can avoid being stuck with excess retail product. Retail best practices also recommend that retail businesses have real time data on their retail sales, whether through data entry by retail staff or retail self service systems. This retail data can then be viewed through retail reporting software that retail managers can use to make decisions about how to effectively manage their retail business.
This is what smart POS software offers.
Tower Systems offers innovative and continuously evolving POS software for local specialty retailers.
So, yes, POS refers to Point of Sale. In our world, it refers to software. In reality, it is about helping local retail business owners and others to run efficient, enjoyable and valuable local retail businesses.
POS is better than a cash register, even in the smallest of businesses.
We are grateful to the thousands of retail businesses we have served and continue to serve.
Contact: sales@towersystems.com.au.
