30 May The evaluation of POS systems: Early day to modern day
The point of sales (POS) system is the physical platform that allows you as a client to exchange money for goods and services, whether it be at your neighborhood coffee shop or a posh hotel. With the move towards digitization, POS has developed and made a wide range of new prospects possible. Here is what you should know about the evolution of POS.
The beginning of evaluation
Electric cash registers were popular throughout the twentieth century! The ease of use was still a long way off. International Business Machine (IBM) recognized and capitalized on an opportunity in the 1970s. This was followed by a microprocessor-controlled cash register specially designed for McDonald’s, completely transforming the game. For the first time, a cash register could list a customer’s purchase, accept multiple orders, and display the total including sales tax for every location in the United States. This was the first time money could be kept in the cash register.
Employees no longer needed to memorize price points because any employee may record a purchase as long as the merchandise had a price tag. As the 1970s progressed, cash register technology became increasingly sophisticated. There are now touchscreen displays and credit card payment terminals.
Barcode as game-changer
Norman Joseph Woodland and Bernard Silver devised the barcode, which was patented in the United States in 1952. Morse code was used to create the invention, which was then extended to thin and thick bars. Norman Joseph Woodland and Bernard Silver invented the bar code, which was patented in the United States in 1952. The Morse code was used for the invention, which was then extended to thin and thick bars. However, it took more than two decades for this technology to become economically viable.
In the 1980s, the first barcodes were introduced, POS systems have become even more efficient in their operation. There was no need for paper tags, nor was there any concern that they might slip off. This also enabled retailers to enter pricing once and have them appear on numerous systems. This was also a step forward in effectively controlling shop inventories. It cleared the door for a new generation of POS systems based on PCs.
POS in 1990
Several technological breakthroughs occurred in the late 1980s and early 1990s. The creation and introduction of standalone credit card devices was a significant evolution. This makes it simple and secure to incorporate credit card transactions. However, came in 1992, the big technological breakthrough happened, when Martin Goodwin and Bob Henry developed the first point-of-sale software. IT Retail was the name given to the POS software, which could run on the Microsoft Windows platform. Point-of-sale technology evolved steadily as the software gained popularity and became widely available.
During the Silicon Valley boom, Apple and Windows computer systems enabled the deployment of more functional POS systems with a new user interface. Gene Moshel, a New York restaurateur, developed a system for his deli using this new technology. His system would quickly become the foundation for POS systems for years to come. The introduction of touch displays and graphic elements was the most notable feature.
Back in Modern Day
During the 2000s, retail POS systems matured into the most complex, powerful, and user-friendly computer networks in commercial use. After that, Modern Point-of-sale systems able to perform functions other than the standard point-of-sale tasks. Thanks to the emergence of software vendors, POS was now combined with features such as financial reporting, inventory monitoring and management, customer relationship management (CRM), service management, operational reporting, and payroll modules. During this time, several other solutions were developed to run on different devices and operating systems (OS).
The electronic point of sale is currently the standard. Restaurant operators no longer rely on large, cumbersome metal drawers to operate their business. They now have access to a wide range of modules, ranging from classic consoles to slim and sleek mobile phone gadgets that improve consumer experiences. The new technology provides restaurant operators with quick and easy access to their management tools through a centralized dashboard. They no longer have to waste time running reports on multiple systems.
Small business owners now have affordable access to complete information at their fingertips. The advancements and advantages of POS systems have made it easier to collect orders and handle nearly every area of the business. Therefore, features such as online ordering, cloud-based POS, and loyalty programs have become the norm since the introduction of the Internet. The capacity to retrieve information from recorded transactions is one of the most useful features of a contemporary POS system. This is an important aspect of making better business decisions.
As POS systems transition to digital, various updates that address everything have appeared. Explore more about our complete POS system on our website https://didisystems.com.my/point-of-sale-system/ .