With retailers removing best-before dates to reduce food waste, UK consumers still want supermarkets to offer discounts on goods nearing expiry, according to the latest data from Retail Insight, provider of store operations execution software.
Retail Technology, EPoS, Retail Supply Chain, e-Commerce
A point-of-sale (POS) system is a software and hardware system that allows businesses to process payments, manage inventory, and track sales. POS systems can be used in a variety of industries, including retail, hospitality, and healthcare. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer and software. Retail Technology articles related to retail systems, retail technology, Point-of-Sale (POS),Electronic Point-of-sale (EPOS), mPOS, wireless communication, store networks and Wi-Fi, mobile commerce, eCommerce, reporting & analytics,shipping and fulfilment,labour productivity, order management and retail supply chain management.
Matalan launches groundbreaking GenAI tool to drive online sales in UK first
Mar 06, 2024
Kin + Carta, the global digital transformation consultancy, has created a generative AI and Large Language Model (LLM) tool for UK retailer Matalan, which allows it to create detailed product descriptions for new items as they are added to its online inventory.This is claimed to be a first for the UK retail sector.
PayCargo and Rippey AI Partner to Bring Innovation to Growing Logistics Payments Network
Mar 05, 2024
Logistics payments and data infrastructure platform PayCargo has announced a partnership with Rippey AI, an Artificial Intelligence (AI)-driven company that produces automation solutions for freight forwarders/NVOCC, 3PLs, ocean carriers, trucking companies, and shippers.
Ergonomic Solutions: Delivering customer engagement at EuroCIS2024
Feb 29, 2024
Recognizing the need for enabling innovative digital customer experiences, Ergonomic Solutions will showcase a comprehensive lineup of engaging customer facing solutions to drive personal interaction in retail and hospitality environments at EuroCIS 2024 (Hall 9 A40) in Dusseldorf from 27th – 29th February.
The rise of TikTok Shop as a tier-one marketplace
Feb 27, 2024
TikTok Shop has emerged as a formidable player in the world of social commerce, challenging established platforms such as Facebook, Instagram, and YouTube.
81% of UK shoppers always open delivery notification emails from retailers, offering increasing customer engagement opportunities
Feb 27, 2024
Retailers and brands who leave post-purchase updates to third-party fulfillment or courier companies could be missing out on valuable customer engagement opportunities, according to the latest research from Scurri, the next-generation delivery management platform.
9 ways machine vision is transforming retail
Feb 26, 2024
In recent years, more and more retailers are using real-time video analytics and facial recognition to improve security, customer experience, service level, and traffic analysis. According to Corsight AI, which provides Facial Intelligence technology to leading retail chains and malls around the world, these are some of the common uses:
89% of consumers say it is important to them that a small business has ethical values, survey reveals
Feb 22, 2024
As consumer awareness grows around the consequences of their buying choices, the focus has turned towards the ethical conduct of enterprises - with particular attention on small and medium-sized businesses (SMEs).
RELEX Mobile Pro simplifies stock and fresh item replenishment process
Feb 21, 2024
RELEX Solutions, a provider of unified supply chain and retail solutions, has introduced RELEX Mobile Pro, an advanced AI-driven in-store execution application for retailers, suppliers, wholesalers and manufacturers.
Underwhelming in-store device experience tempers consumer excitement for AI in retail
Feb 15, 2024
New research from SOTI has found that while 95% of UK consumers have used in-store tech, only 23% believe in-store devices – such as kiosks, tablets, scanners and mobile computers – enhance their experience.
The findings come from SOTI’s latest report, Techspectations: Consumer Demand for Digital Transformation in Retail, which surveyed 11,000 global consumers, including 2,000 in the UK.
Point-of-Sale (POS)
POS systems can be a valuable tool for businesses of all sizes. They can help businesses to improve efficiency, increase sales, and provide better customer service.
A point-of-sale (POS) system is a software and hardware system that allows a merchant to process payments and manage sales. A POS system typically includes a cash register, a barcode scanner, a receipt printer, and a customer display. It may also include other features such as inventory management, customer loyalty programs, and gift card processing.
POS systems can be used in a variety of businesses, including retail stores, restaurants, and service businesses. They can help businesses to improve their efficiency, track their sales, and provide better customer service.
There are four main types of POS systems:
- Legacy POS systems are the traditional type of POS system. They are typically based on a Windows or Linux operating system and use a custom-built software application.
- Tablet-based POS systems are a newer type of POS system that uses a tablet computer as the main interface. These systems are typically cloud-based and can be accessed from any device with an internet connection.
- Mobile POS systems are a type of POS system that uses a mobile device, such as a smartphone or tablet, as the main interface. These systems are typically used by businesses that need to be able to process payments on the go.
- Cloud-based POS systems are a type of POS system that is hosted on a cloud server. These systems are typically accessed through a web browser and can be used from any device with an internet connection.
Electronic Point-of-sale (EPOS)
Electronic Point-of-Sale (EPOS) is a system that uses electronic devices to process customer transactions in a retail outlet. EPOS systems typically consist of a touchscreen computer, receipt printer, barcode scanner, cash drawer, and software. They are often used in retail stores, restaurants, hotels, and other service-oriented businesses.
EPOS systems offer a number of advantages over traditional cash registers, including:
- Increased speed and efficiency: EPOS systems can process transactions much faster than cash registers, which can lead to shorter lines and happier customers.
- Improved data accuracy: EPOS systems can help businesses to track sales, inventory, and customer data more accurately. This information can be used to make better business decisions, such as which products to stock or how to allocate resources.
- Enhanced customer service: EPOS systems can help businesses to provide better customer service by allowing them to track customer preferences and loyalty programs.
