Misunderstood POS for more than ten years

The term POS has existed for more than a decade. It has experienced the development from the earliest DOS system to the Windows system, but everyone has never had a clear understanding of it, or it has been misunderstood.

When it comes to POS, everyone naturally understands this photo as POS. In fact, professionally speaking, POS is Point of Sales, which is the sales fulcrum of the entire commercial operation, not just the cash register equipment, but more than just the card reader.

In most cases, POS represents a complete business support system. The ultimate goal is to let customers pay for the bill, then collect the money, ship it, go to the background, and the front-end information system should be included in the POS system. Even in a sense, Backstage ERP, CRM also serves the front-end POS system.

POS is a front end, including cash register, but the cash register is only the most basic function of POS, and it is easy for everyone to use POS as a cash register. But POS is not just a cash register, but a complete system that supports sales. The traditional POS machine cannot meet the needs of business transformation.

The POS system is an information hub that aggregates capital flows, commodity flows, customer information, etc. POS will become more and more important in future business.

Three major problems of traditional POS

First, the demand for payment diversification cannot be met.

With Alipay, WeChat payment and other innovative payment methods continue to extend to the offline. In the face of a huge user group, merchants must also support these payment methods; merchants issue their own prepaid cards, electronic rebates, VIP member points for business needs, Electronic payment and other self-owned payment methods require traditional POS systems to be supported; POS must also meet the payment of traditional bank cards; and we believe that with the development of technology, policy opening, new payment methods will emerge in an endless stream. Traditional POS has been unable to support this huge change.

Second, the demand for data is not met by the merchants, and the POS system is severely isolated.

In our previous market research, we found that most of the current POS systems are not integrated with the merchant's own business system, and the POS system exists in the business system system in an island manner. The urgent need of the business is to hope that the POS system will be connected with other business systems to improve the operation level; and to do big data analysis to enhance the user's shopping experience and decision support.

Third, the traditional POS system does not have the capability to expand its capabilities due to architectural problems.

Traditional POS systems do not provide the necessary support for the business; they are also unable to support the transformation and upgrading of the retail industry, which will greatly restrict the reform of the retail industry.

POS break: physical retail and Internet docking

The physical retail industry and the Internet are the trend of the times. O2O is the best way to break the current situation. As the core part of the O2O closed loop, POS is an important strategic fulcrum for O2O.

The retail industry under the “new normal” has been unable to achieve barbaric growth through extensive models. With the new technology refined management to achieve business innovation, thereby improving performance is the expectation of all businesses, POS as the core system of the retail industry will assume greater responsibility.

In the face of the impact of e-commerce, omnichannel is one of the best ways to deal with it.

In order to meet the needs of consumers at any time, any place, and any way, the merchants can use the physical channels, e-commerce channels and mobile e-commerce channels to integrate goods to sell goods or services, and provide customers with an indiscriminate purchasing experience to enhance competitiveness. . In this process, POS will play a role in linking up and down.

Experiential shopping is the biggest advantage of the offline retail industry. Merchants have realized the importance of experiential shopping. In the future, the retail industry will enhance the shopping experience of customers by managing, training and introducing new technologies.

â–²The picture above is taken by myself. It is a painful thing for the salesperson to have a bunch of POS machines at the door of John.

â–²The above picture shows that this equipment has a large proportion in China. You really can't hope it can support the transformation of the whole retail industry.

POS in my eyes

The first idea: only paying for the scene can make the payment worthwhile. Internet POS should be more of a business scenario. Designing a lot of business scenarios to make it easy for customers to pay the bill, or even willing to pay the bill, all our payment actions must be completed in a specific scenario. For example, the WeChat red envelope is essentially a social scene, scan the code to order, and then pay, this is a meal scene. Vending machines, paying parking fees, shopping in the supermarket, consumers are paying for the scene, and all the payment scenarios can make the payment valuable.

The second idea: the core of the POS system is the connection. I think that POS is a connection. It is about connecting customers, serving consumers, businesses, and suppliers. It will connect all the elements of consumers' "single orders." POS can be a hub for connecting businesses and consumers. Through POS merchants, online and offline integration, marketing campaign support, after-sales service, member operations, etc. can be realized, and finally the drainage can be realized and the bill of lading rate can be improved.

The third concept, POS must have industry. For example, the POS system for catering and retail is completely different, the application scenarios are different, and the industry attributes are different. Industry attributes are very important in POS systems. If the POS system is to be done well, the industry attributes are necessary. Of course, the stronger the industry, the heavier the POS system.

At present, the core members of the iReadyIT POS team include: CIO of the Main Board listed trading group, business director of the third-party payment company, and technical director of the largest retail system supplier in Japan.

Let the POS system return to the "initial heart" to help the retail industry to transform its business.

Wooden Chalkboard Sign

A blackboard (also known as a Chalkboard) is a reusable writing surface on which text or drawings are made with sticks of calcium sulphate or calcium carbonate, known, when used for this purpose, as chalk. Blackboards were originally made of smooth, thin sheets of black or dark grey slate stone.
Blackboard Stand Signs 1 Jpg
A blackboard can simply be a board painted with a dark matte paint (usually black, occasionally dark green).Matte black plastic sign material (known as closed-cell PVC foamboard) is also used to create custom chalkboard art.Blackboards on an A-frame are used by restaurants and bars to advertise daily specials.

A more modern variation consists of a coiled sheet of plastic drawn across two parallel rollers, which can be scrolled to create additional writing space while saving what has been written. The highest grade blackboards are made of a rougher version porcelain enamelled steel (black, green, blue or sometimes other colours). Porcelain is very hard wearing, and blackboards made of porcelain usually last 10–20 years in intensive use.

Lecture theatres may contain a number of blackboards in a grid arrangement.The lecturer then moves boards into reach for writing and then moves them out of reach, allowing a large amount of material to be shown simultaneously.

The chalk marks can be easily wiped off with a damp cloth, a sponge or a special blackboard eraser usually consisting of a block of wood covered by a felt pad. However, chalk marks made on some types of wet blackboard can be difficult to remove. Blackboard manufacturers often advise that a new or newly resurfaced blackboard be completely covered using the side of a stick of chalk and then that chalk brushed off as normal to prepare it for use.

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Jinan Tri-Tiger Technology Development Co., Ltd , https://www.tritigerwooden.com