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.

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TradeBeyond receives 2024 Top Supply Chain Projects Award for work with Party City

1 TradeBeyond receives 2024 Top Supply Chain Projects Award for work with Party City

TradeBeyond, provider of supply chain solutions, has been honoured with a 2024 Top Supply Chain Projects Award for its work digitalising Party City’s supply chain. Presented by the publications Supply & Demand Chain Executive and Food Logistics, the award recognises innovative projects designed to automate, optimise, streamline and improve supply chains. 

Buy now pay later: Nexi and Compass expand their partnership to include e-commerce

2 Buy now pay later: Nexi and Compass expand their partnership to include e-commerce

Nexi, the European PayTech leader, and Compass, the Mediobanca Group’s consumer credit arm, are consolidating their strategic partnership in the Buy Now Pay Later (BNPL) segment by expanding it to include the e-commerce channel as well.

New research: More than half of online shoppers now buy cross-border, but 92% still worry

3 New research: More than half of online shoppers now buy cross-border, but 92% still worry

New research suggests 52% of US and UK online shoppers have purchased at least one product from an ecommerce store in another country in the last 12 months – and a further 23% have considered it, with the desire for lower prices being the most popular trigger.

Retailers get conversion rates wrong because they fail in people counting

4 Retailers get conversion rates wrong because they fail in people counting

In physical retail stores, one of the most crucial metrics is the visitor-to-buyer conversion rate. The industry magic number is a 25% conversion rate, and achieving this goal requires accurate data. While retailers have precise purchase data, traditional methods of counting visitors can introduce significant biases.

Navigating cyber risk in the manufacturing sector

5 Navigating cyber risk in the manufacturing sector

There’s a prevalent misconception among manufacturers - that cyber threats are all about data security and nothing else. Caroline Thompson, Chief Underwriting Officer, Cowbell discusses why this mindset needs to shift, delving into a broader understanding of cyber risks in manufacturing operations and what to do to protect your business from them.

Cleveron’s newest solution enables DIY and home furnishing retailers to automate their click-and-collect processes

6 Cleveron’s newest solution enables DIY and home furnishing retailers to automate their click-and-collect processes

Cleveron, a click-and-collect automation solutions innovator, is proud to launch a modular outdoor parcel locker, Cleveron 355. The newest solution is specially engineered for DIY and home furnishing retailers, enabling the automated handover of extra-large items.

Traceability is key to protecting human rights in supply chains

7 Traceability is key to protecting human rights in supply chains

By Eric Linxwiler, Senior Vice President, TradeBeyond.

Across the globe, a transformative wave is reshaping the landscape of international commerce. Nations and economic blocs worldwide are instituting a broad array of supply chain due diligence laws aimed at eradicating forced labour and safeguarding human rights.

Traceability is the new front line for sustainable retail

8 Traceability is the new front line for sustainable retail

By Lilian Bories, Chief Marketing Officer for TradeBeyond.

Multiple global regulations set to take effect in the coming years have made traceability an imperative for retailers and brands. These include the Digital Product Passport, the Corporate Sustainability Due Diligence Directive, and the New York Fashion Sustainability and Social Accountability Act, to name a few. 

How to increase CLV in a competitive toys and games market

9 How to increase CLV in a competitive toys and games market

By Nathan Lomax, Co-Founder, Quickfire Digital.

E-commerce for toys and games is a kaleidoscope; it’s vibrant, ever-changing, and fiercely competitive. Success isn't just about snagging first-time buyers, it's about building lasting relationships with parents and maximising customer lifetime value (CLV).

Acer unveils new Chromebox Mini CXM1 for enhanced digital signage solutions

10 Acer unveils new Chromebox Mini CXM1 for enhanced digital signage solutions

In an age where the digital landscape is rapidly evolving, businesses are increasingly seeking dynamic, responsive and interactive ways to engage with audiences.

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.

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