POS Retail System for Business Philippines Grand Tech

Table of Contents

Introduction

An Overview of POS Systems for Retail Stores

• What Are Retail POS Systems?
• How Can Retail POS Systems Benefit Small Businesses?

Which Small Businesses Will Benefit From Installing POS Systems?

• Mini Groceries
• Specialty Stores
• Small Bookshops
• Convenience Stores
• Hardware Suppliers

How To Maximize Retail POS Systems for Small Businesses

• Set a Definitive Budget
• Ask Opinions From Experts and Peers
• Train Your Employees
• Learn About POS Special Features
• Choose a Trusted Vendor

Get POS Systems for Your Retail Store Today!

Conclusion

Why Small Retail Businesses Need POS Systems

Introduction

It’s not easy to start a small retail business in the Philippines. You might feel like you’re constantly in the red, especially in the first few months after opening your shop. During that time, your store is still very much unknown, so you may not have a loyal base of clients and customers yet.

Everything will start to ease up if you’ll push through, though. You’ll surely be able to pay for your business loans and start getting returns from your investments. Since this is mostly the case for a lot of people, many are enticed to open their own shops, as well, and sell various products. If you are one of those people, you will benefit a lot if you invest in POS systems for retail stores in the Philippines.

POS, or point-of-sale, systems are computer terminals in stores that can do wonders, such as tracking your profits, managing your inventory, and creating sales reports. We offer them here at Grand Tech Int’l. Ent. Corp. Our store carries the EC Line brand, so you can rest assured that the POS machines you’ll get from us will stand the test of time. Learn more about the products we sell by reading through the rest of this page and getting in touch with our team.

An Overview of POS Systems for Retail Stores

POS software and machines are indeed a significant investment for any business. For small stores that have just been opened, purchasing these terminals entails a lot of planning and careful decision-making. Even so, many entrepreneurs, including small-time ones, still buy these products, and there are many good reasons for doing that.

What Are Retail POS Systems?

When you visit a retail store, particularly large ones like malls and groceries, you’ll find state-of-the-art pieces of equipment at the cashier’s table. Those are POS terminals. They are just like standard computers, but special software is installed in them. This software is specifically created to process business transactions, such as fetching prices of items and processing payments.

A POS terminal has many essential parts, which include but aren’t limited to:

• POS Monitor – The whole POS system won’t be complete without the monitor. This device is responsible for showing item information to the cashier. Touch screen monitors are relatively easier to use, but they are more expensive. If you’re just starting your retail store and still on a tight budget, you may want to try traditional monitors first and then invest in high-end options later when your business is already booming.
• Barcode Scanner – Barcodes are the heart of a POS system, so you need a device that can read them. There are two options for you: table-mounted and hand-held scanners. Table-mounted options are more efficient and are perfect for convenience stores where many items are scanned. Hand-held readers are less expensive, and they’re ideal for specialty shops and other retail outlets that don’t scan plenty of products.
• Receipt Printer – It’s safe to assume that issuing receipts is a must even for your small business if you want to comply with the law. That’s why you need a receipt printer as a part of your POS system. You can try dot-matrix options, which are less expensive. The downside, though, is that they’re quite noisy when in operation. Laser receipt printers are quieter, so they’re perfect for cafés and other establishments conducive to working or studying.
• Cash Register – The cash register is another vital component of the POS system. It’s where you store paper bills and coins when the customer pays hard cash. You can also put credit and debit card receipts there.
• Customer Display – Like the cashiers themselves, the customers should also have a monitor facing them to check pieces of information about the items they’re trying to buy. You can opt for full-color monitors, which are more expensive. If you’re on a tight budget, you can purchase the standard VFD (vacuum fluorescent display) options.

How Can Retail POS Systems Benefit Small Businesses?

More and more small business owners are investing in POS machines. If you want to join their ranks, here are some of the benefits you can enjoy:

• Faster Transactions – Without point-of-sale systems, you need to use pen and paper to write down each item bought by a customer. Then, you’ll manually compute the total cost of the products they want to purchase. This long-hand system is not only tedious but is also very prone to human errors. If you want a faster and more secure way to tally items at the cashier’s table, it’s better to invest in point-of-sale systems.
• Sales Report Generation – During closing time, you’ll compute how much money you earned by manually calculating the total amount of the items you’ve sold for the day. It’s an incredibly tiring and lengthy process, especially if you’re wary about making mistakes in the tally. You no longer have to do this if you have a POS system installed in your store. Sales reports can be generated with just a few clicks and taps on the screen of your POS machine.
• Loyalty Programs – If you’ve been in the business for a few months, some of your customers will return often. Even if you have a good memory, it would be hard to track your loyal clients and patrons, especially if there are dozens of them. With a POS system, you can simply encourage your customers to enroll in your loyalty programs. You can offer them gifts and discounts if they always visit your store and purchase plenty of your products.

(To be continued!)