Tuesday, May 19, 2009

Online Point of Sale

Online Point of Sale is the flagship product of many companies.
Online Point of Sale offers complete and streamlined management to buy and sell ticket inventory in real time.
Here are common features:
* Real-time credit card processing, verification, and authorization with PC Charge;
* Seamless integration with most merchant banks;
* Integrated shipping and tracking services with significant discounts;
* Information management to maintain direct customer relationships

Request an Online point of sale Demo

Online Point-of-Sale Solutions

Online Point-of-Sale Solutions- Web-enabled payment solutions for worldwide potential

Online Point of sale turns your website into an online shopping mall.

E-commerce has turned the Internet into millions of online shopping malls. Online point of sale is an easy-to-use e-commerce shopping solution for you and your customers. With Online point of sale customers buy from you by filling their e-commerce shopping carts and paying for their purchases in a secure online environment1.

Add Verified by Visa to assure each customer paying by a Visa card that the contents of his or her e-commerce shopping cart can be paid for securely.

Security at the Point of Sale

Cash, cards, inventory and customer data intersect at the online point of sale. Here's how to keep your defenses up to date.

When thieves stole the PIN pads at a cash register in one of his company's stores everyone was amazed. Not that they'd done it—such thefts can happen once a week during the holiday season. But watching it on videotape later, "I couldn't tell they had it with them when they left" the store, says director of systems and data security at one of the stores , a Montreal retailer now owned by The Limited.

They got them back onto the point-of-sale system quickly. But here's where security precautions kicked in: Its PIN pads in effect have their own Media Access Control address, and once they're disconnected, that address is no longer available. So the thieves were foiled—this time.

The point of sale and online point f sale have always been a targets for thieves. While they once went after the cash drawer, retailers often find themselves facing sophisticated networks of thieves intent on the criminal equivalent of volume discounts—reams of credit card data, entire shelves of goods to launder or, in the case of pharmaceuticals like Sudafed, drugs used for making methamphetamines. Retailers, then, operate under the constant threat of having their point of sale either hacked by cyberthieves or spoofed by real ones.

Between them, these various thieves target all the major aspects of a modern online point-of-sale system:
* The cash register
* The bar-code scanner
* Wireless access
* The in-store voice or IP network
* The store inventory management system
(c)By Michael Fitzgerald

so.. developers of this online point of sale paid huge attention to security issues.

online POS

Online Point Of Sale (Online POS) - is a web based point of sale system designed to help small businesses with keeping track of customers, items, and sales. This program works great for businesses that use cash, check, credit cards or account numbers for their sales.

What is online point of sale 2

Today, there is a new twist to point of sale strategy. Self-serve kiosks are increasingly used in supermarkets and other retail outlets. The POS terminal allows the customer to scan each item before placing it into a bag, automatically applying discounts or sale prices to each scanned item. Once the customer has scanned and bagged the purchases, the system calculates the taxes and offers the customer several choices in payment method. When cash is used, the retail point of sale software logs the amount of cash deposited and issues any change due the customer. As with the more traditional POS systems, this self-service model also provides the customer with an itemized receipt of the transaction.

Online Point of sale software is found in other retail situations. There are retail online point of sale systems designed for use in bookstores, flea markets, and airports. Restaurant online point of sale equipment includes automated ordering kiosks that the customer can use to place an order and submit payment.

Over time, online point of sale devices have become increasingly popular, showing up at hotels, casinos, sports stadiums, and similar venues. Technology has also made the point of sale an option for online purchasing, making it possible to purchase goods at online stores and pay for them immediately.
Click here to find out more about online point of sale systems.

What is online point of sale

Also known as the point of service or POS, the online point of sale is the exact point in a transaction when goods or services are provided to the customer and payment is rendered for those products. While the specifics of a point of sale system will vary somewhat from one situation to another, the final outcome is always the same. Today, there are professionals who analyze and develop tools that help to create an environment for the exchange to take place, many of them related to specific retail situations.

One of the most basic point of sale systems is found in the supermarket. This POS system consists of the check out counter, a scanner, and the cash register. As each item is scanned, the system notes the cost. Once all the items selected by the customer are scanned, the system calculates the taxes applicable to the purchases and provides the customer with the total amount due. The customer renders payment, which the point of sale hardware logs, generating a receipt of the transaction for the customer.
Same system could be done as the web application- in that case such system will be called online point of sale system.
Click here to get acquainted with one of the online point of sale systems.

Online pont of sale features

Online point of sale software should be able to track and record the date-time of every sale ever made in your store. This information is useful for a number of different analytical tasks. For instance, are sales slowing down for tabletop fountains because they are just 'over', or because their sales always drop in the summer months? The most unexpected items turn out to be 'seasonal', and your point of sale software should be able to help you determine what demand is likely to be.

If you are purchasing your first online point of sale system, it is vital that it be able to export your information in a universal format. This is philosophically akin to the premarital agreement — you must plan ahead for the day when this system no longer serves your needs and you will want to be able to easily move your entire inventory data and sales history data to your new system.

Purchase your online point of sale system from a company that has a reasonably stable history and expected future (click here to view online point of sale of one of such reliable companies); orphan software that breaks down or starts garbling your data can cause enormous unplanned-for expenses.

A poorly-designed or simply ill-suited online point of sale system can be a daily management headache; a good one that fits well with your business can be your most valuable 'employee'.

Online point of sale systems

Online Point of sale software (online POS software) is software that retailers use to calculate sales and operate the cash drawer; it is the computerized cash register which retailer may access in the Web. Online Point of sale software adds up the sales total, figures the state sales tax, calculates the change back from the amount tendered, and automatically adjusts the store's inventory levels to debit the amount of inventory sold.

Online Point of sale software packages can vary considerably in capability, so the savvy retailer will want to assess their own situation in web and needs before making a selection decision. Inventory management capabilities suitable to a multi-store chain are probably overkill for a single boutique store and the care and feeding it would require is probably not worth the additional effort.

At a minimum, your online point of sale system should handle sales, manage your inventory database, run a barcode scanner and allow you the capability of querying your inventory and sales database in a flexible way.

Make sure your online point of sale system can search your inventory database not only on item description and SKU (stock keeping unit - a unique ID you assign to all items you carry), but by category, vendor and keywords. Without the keyword search capability, all your employees must know and remember the exact SKU for every product; a keyword search informs your employees that the hair bows for baby girls, for instance, are entered as 'girls hair bows' and not 'hair bows for girls'.

Click here to get acquainted with one of the online point of sale systems!

Introduction to POint of Sale systems

Point of sale or point of service (POS ) can mean a retail shop, a checkout counter in a shop, or the location where a transaction occurs. Point of sale often refers to a POS terminal or more generally to the hardware and software used for checkouts – the equivalent of an electronic cash register. Point of sale systems are used in supermarkets, restaurants, hotels, stadiums, and casinos, as well as almost any type of retail establishment.

Click here to find out about one of the online point of sale

Thursday, August 21, 2008

Vendor managed inventory features

A Vendor Managed Inventory program implementation should include:

1. A way for the supplier to monitor the status of inventory at the customer site. This is often accomplished by sending electronic data interchange (EDI) transactions between the supplier's and customer's computer systems. Automated dispensers (similar to vending machines) are also utilized to record material consumption.
In order to determine when products should be replenished as well as the quantity that is needed, the supplier must have current information as to how much of each product is being consumed at the customer site, when stock receipts arrive, and other transactions that affect on-hand quantities.
The recalculation of replenishment parameters for each item at least once a month. These replenishment parameters include:
* For items with recurring usage: These are products that are sold or used on a regular basis. For each of these products, the supplier must calculate the anticipated demand of each product between deliveries along with a safety-stock quantity. The safety stock is reserve inventory maintained in case actual usage exceeds anticipated demand. Larger safety-stock quantities require a greater investment by the customer, but will help avoid stockouts of products whose actual usage is hard to predict. Good replenishment software can show the customer different inventory investments and the resulting service level – that is, a realistic estimate of the percentages of requests that can be completely filled from stock inventory.
The average inventory investment is the sum of the safety-stock investment along with the average value of inventory that will be on hand between deliveries from the vendor. Notice that a much greater investment is needed to increase the service level by a small percentage.
For items with sporadic usage: These products are used infrequently, and are typically maintained based on a multiple of the number of normal order quantities that should be able to be filled from stock inventory. The normal order quantity is the number of pieces typically sold or used at one time. For example, if the item is sold by the dozen, the normal order quantity would be 12 pieces, Typically, one normal order quantity will be maintained for each of these items, but two normal order quantities may be maintained for very critical parts. Again, this depends on the amount of money the customer is willing to invest in this type of inventory.
2.The normal time period between deliveries to the customer.
3. A method of transmitting collaborative forecast information to the supplier. Collaborative information is normally gathered from customers, salespeople, and other sources and reflects anticipated changes in future usage of products. Note that it is common practice for the customer to assume full responsibility for additional inventory delivered due to collaborative forecasts – that is, there is a handling charge if this speculative inventory must be returned.
The automatic return of material that has not been used for "x" number of months. Remember that under a VMI agreement a customer has purchased stock on the advice of the supplier. If that inventory is not used within six to nine months after delivery (and is not designated to be a critical repair part), the supplier should automatically issue a return-goods authorization and give the customer full credit for the return.

Guarantees of performance. When it enters a VMI agreement, a customer invests in a specific amount of inventory anticipating a forecasted service level for the products supplied under the agreement. But what happens if this service level is not achieved? For example:
* The supplier may not retain enough inventory to adequately replenish the customer's stock.
* The supplier may not replenish inventory as promised.
* The supplier's forecasting and replenishment system may not result in the agreed-upon service level.
If each partner concentrates on its core competences, both firms can increase their productivity and profitability.