Many companies and organizations all over the world are implanting EPOS (or Electronic Point of Sale) systems as a part of everyday business practices. It is quite easy to take a regular computer, add on some hardware and make some cheap modifications, and turn it into a basic EPOS terminal. In addition it will help update inventory lists, handle payments incredibly quickly, and supply stock information instantly. Because of its efficiency and ease of use EPOS systems are in high global demand in many countries. Below are some more of their benefits.

Supply Chain Advantages

One helpful thing you can do with an EPOS system is to integrate it with your stock control system. This way the EPOS can keep track of your fast-moving products and alert you to when they need to be restocked. This will also allow you to streamline the supply chain process and keep your stock info up to date in real time. If you have your EPOS linked to your stock control system then you can in turn link this to your suppliers' back-office systems or websites. This will give them the same real time stock info as you have and enable them to regulate their own buying more effectively.

Another benefit is being about to keep up with the movement of your stock as well as tracking sales data. If knowledge of how your stock is moving can be supplied to your purchasing department and warehouse then the whole buying and restocking process can become more automated (thus more efficient). Also being able to supply sales data and purchasing habits to your suppliers helps them include your order demands when looking to improve their processes.

One other supply chain advantage is the ability to link EPOS data and handheld scammer data. Being able to track barcoded items on their journey will be a big help in making that journey as efficient as possible. You can track it as it moves to supplier, to warehouse, to store, and all the way up to the point of sale. If goods are being delayed you can immediately discern where and why, and you can compare the performance and delivery times of various suppliers.

Internal Advantages

A great thing about an EPOS system is that you can link it to many other systems to make processes more efficient. One example of this is linking an EPOS to your back-office systems, like your accounting package, enabling you to increase cost-effectiveness by improving business control. In fact, many popular accounts packages can have EPOS package data directly imported.

Another great way to link your EPOS is by connecting it to your website. This way you can get customers updated on what's in stock and what's not, including information about delivery delays or alternative options.

Another internal benefit is the ability to add various software modules to improve system capability and efficiency. You can decrease the time spent on each transaction by adding an Electronic Funds Transfer (EFT), which processes the debit or credit card transaction every time a sales transaction is recorded. All of the internal benefits available are basically to help provide sales information and allow you to become more profitable. With these things in place you will be able to minimize your inventory and improve your forecast for product demand.

Businesses in every sector from hospitality to retail are constantly looking for ways to run their operations smoother, quicker, and more efficiently. One device that is becoming a huge help in doing this is an Electronic Point of Sale System. EPoS system is a business-wide system that automates paying for goods and services, recording sales, tracking critical data, and updating stock inventory (among many other things). This system can be adapted depending on the type of business and it provides a speed, safety, and reduction of human error that no other system can. If you are looking for a way to save time and money in your business than an EPoS system is right for you.