What is Point of Sale?

A point of sale system is a computerized system that enables businesses to track sales, inventory, merchandising, and employee labor . A typical point of sale system has the following components: a computer, a monitor (or touch screen), software, receipt printer, barcode scanner, and credit card terminal. 

Do I need a Point of Sale system?

Smaller retail stores or restaurants with revenues of under $400,000 should consider using a less expensive solution like an ECR (electronic cash register). If the sales of your business are above $400,000 your business can gain considerable benefits from implementing a point of sale solution.

Pricing?

While the typical cash register will cost between $200 and $600, computerized point of sale systems tend to be more expensive. The cost of point of sale system can vary significantly depending on the hardware/software configuration chosen. The typical cost for a point of sale system is $2,500 to $5,000 per system which includes hardware, software, and after sale support.

Where to buy?

Most point of sale vendors will sell directly to large Tier 1 companies. For small to mid size companies, point of sale systems are purchase through a local authorized reseller.

Service and Support?

Typically, the point of sale reseller or vendor provides after sales service through the purchase of an annual support program. It is always a good idea to make sure the vendor provides your company with training manuals and any other documentation related to the operating the system.