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Are Label Printers a Wise Business Investment?

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According to a recent report, “the label printer market is anticipated to record a CAGR of 4.2% during the forecast period of 2022 to 2032”. Every single commodity in today’s world comes with barcode labels; hence, label printing is a great means to get your commodities noticed. Finding the most effective label printing method is therefore vital. Different label printers (for example, TSC DA210 Direct Thermal 4” USB Label Printer)come at different prices and have different features. Regardless of the size of your business, whether you create your own products for sale, or sell other people’s products, you would need a label printer- a cost-effective solution. This blog outlines the pros of owning a label printer to determine if these devices are a wise business investment. Let us begin by laying out an overview of label printers. Usually, most point of sale (POS) bundles come with the most widely used hardware components such as POS computers, barcode scanners, receip...

The Role of Paper Rolls in Your Business

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Modern-day retail stores, regardless of their sizes, require a robust and all-inclusive point of sale (POS) system to make their business operations seamless. These solutions are designed to do more than just process payments and are the perfect solution to track and manage inventory, generate and analyze  sales, track and manage employees, build and manage customer relationships, and a lot more. Also, with omnichannel retailing, business owners can establish a streamlined connection between their brick-and-mortar stores and the digital ones, allowing the customers to connect with their online, in-store, and on-the-go shopping platforms conveniently. Point of sale (POS) systems are considered to be the ‘heart’ of any business, and have evolved from simple cash registers to a more comprehensive suite of business solutions. Studies show that “the Australian POS market is anticipated to grow at a CAG of more than 10% during 2020-24 on account of technological advancements, affordab...

Best POS Hardware Bundles in Australia

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Regardless of the size of a business, point of sale (POS) systems are an essential part of every retail business. Unlike traditional cash registers that were used solely to process payments, modern-day point of sale (POS) systems are more advanced solutions that are programmed to perform multiple other tasks including tracking and managing inventory, tracking and managing employees, customer relationship management, and more. Therefore, it is essential to pick the right point of sale (POS) solution that would meet your business needs, within your budget. Before diving into the topic, let us discuss what a point of sale (POS) system is. What is a Point of Sale (POS) System? The place in a store where transactions take place is called the point of sale. In other words, it is the place where the customer pays for the chosen commodity/service and the merchant/sales assistant accepts the payment and issues a payment receipt to the customer, thereby completing the transaction. ...

From Cash Registers to POS Systems: Facilitating Cashless Transactions

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Every successful retail business processes numerous transactions daily. To manage these volumes of transactions, physical stores require tools that facilitate the smooth functioning of a business operation. Cash registers or point of sale (POS) systems are known as the ‘heart of any retail business’. Even though both these terms are used interchangeably, there are stark differences between cash registers and point of sale (POS) systems. In this article, we have discussed cash registers and how they’ve evolved into modern-day point of sale (POS) systems.   What is a Cash Register? Cash registers are automated money handling machines that come with a cash drawer, prompt the amount of each sale, and record the amount received. Did you know that “In 2020, Cash registers were the world's 881st most traded product, with a total trade of $3.26B”? The cash register was invented in 1879 by James Ritty, a whiskey, wine, and cigar merchant to prevent theft. These sturdy devices,...

POS Systems: Revolutionising the New Age Retail Business World

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In today’s competitive retail landscape, business owners require more than just a simple payment processing tool like a cash register . They require a comprehensive solution that is capable of micro-managing the retail operations such as managing inventory, building and maintaining customer relationships, managing employees, analysing and generating sales reports, and more. Thanks to the constant technological advancements that the cash registers from yesteryear have evolved into an all-inclusive solution we now know as the ‘point of sale (POS) system’. As the name implies, a point of sale is the place in a store where a customer pays for the product/service and gets a receipt from the merchant/store executive with all the purchase-related information like date and time of purchase, product name and SKU number, price, tax amount, etc. This receipt acts not just as a transaction proof but is also a marketing tool for business owners. These slips also come in handy if the customer wishes...