The Awareness Of Point Of Sale Information Technology Essay

The Aw atomic number 18ness Of situation Of sale Information technology EssayPoint of cut-rate sale is a mastermind where transaction occurs in exchange for services and goods. The point of sale refers to the physical electronic exchange register or dedicated Point of trade hardwargon physical exertion during checkout, but the POS is simply the location where the sale is conducted, money changes get through with(predicate)s and a pass along a is given, which throw out overly occur on a smart-phones, tablets, laptops or mobile POS device when the right hardw be and POS software is combine with the mobile devices.It is a organisation allowing business transaction to be monitored, and also facilitating tasks that would a nonher(prenominal)wise be m-consuming when they are do manually much(prenominal)(prenominal) as monitoring stock, muniment managing, etc. POS also refers to the capturing of data and client payment information at counter when goods or services are bo ught and sold. The POS transaction are captured victimisation a variety of devices which include computers, cash registers, optical and bar code scanners, magnetic board readers, or distributively combination of these devices.This is the physical location from wheregoodsaresoldtothe clients. Point ofsaleis often to a greater extent specific than ageneralbuilding or storewhere goods are sold, typically indicating the piece oftechnologywhich is employ to nail down thetransaction. They are seen as astandardcash registerat thefrontof the store such as, at a restaurant, grocery store, shop malls, etc. The point of sale can also be an electronic dodgingwhich are utilised by the staff formultiple tendencys, such as ringing upordersas well as generating thereceiptand finalizing purchases.Devices UsedThe computer software and the register are not the only(prenominal) devices exercised in POS formations. Devices such as bar code scanners are as important to use the POS system effe ctively. Magnetic card readers are used for account and credit cards and optical scanners that examine the tendency itself for signatures and images. All these fork over diametric sets of data to the computer which can be used to cut across sales more accurately.POS systems can be truly expensive. Small businesses volition need to invest several thousand of dollars for the system, effective bar code system, scanner and software needed to consort the POS system. regular when a POS system is set up, the data it produces does no good unless(prenominal) managers and marketers screw how to use it effectively and efficiently.Literature ReviewPOS (Point of change) systems are common landly used in retail stores, restaurants, stadiums, hotels and casinos, etc. The basic use of these systems is to scan items for purchase, place in order and calculate the bills. They are usually industry specific.What can Point Of gross revenue System do?* Track all elements of apiece order, fr om payment, design details, deli rattling date and months in advance.* Customer Information It automatically records the customers name, credit card information, address and what they bought and when.* Customer Relations Everything regarding the customers purchases can be immediately called upon from the system. This shamblings handling returns, payments and other proceedings easier even if the customer has misplaced the paper hit. In a multi-store environment it does not matter which store the customer goes to. All the information are available at all the stores.* armory Control The computer keep an eye ons record of the stores inventory. This makes the POS terminals attached to it, automatically update the inventory with every sale or return. This helps the person in multi-inventories keep track of any stock is going to get over. The fundamental office distinguishs at all times how much stock each store has.* farm animal Analysis The system is able to calculate at what rate each item is selling at all times, making it easy to square off what quantity has to be purchased.* Reduce Out of Stock In sheath in that location is low stock, Low stock reports and purchase orders are generated automatically with enough lead time to receive goods.* Bar code consolidation Various bar-code reading devices can be used in uniting with shelf stocking, wareho victimisation and at the sales terminal. This will create a speedy entry and reduce human error.* Warranty Tracking The time and date of purchase are automatically recorded. This information can be intimately retrieved from the system within seconds. Warranty issues can be easily handled by stores other than the one where the purchase was made.* Special Pricing gross sales and specials discounts are easily controlled. Starting and end dates can be designate to the crossways or product groups and the system will automatically handle them.* changes Commissions The commissions are automatically calcula ted and reported by the system. Different product lines can carry different commissions. Later commissions can be automatically reduced if the sales-person discounts an item.* Profit Center / Product Line Control It is very easy to set up both profit centers and product lines. This makes track performance of individual sales managers and product line profitability easy.* story The Point of Sale system is completely integrated with full break down accounting (Inventory, Accounts Payable, Accounts Receivable, and General Ledger) thus making the books always up-to-date. No hand entries by book-keeping staff are required. In a multi-store environment the central office always has the accounts for each individual store in authoritative time and can produce consolidated accounting reports as well.* selective information Export The data files and reports can be exported from the POS system for use with other software when there is need.* Data Import Part number lists, customer lists a nd other bulk information from outside sources can be trade into the POS system without resorting to hand entry.* Manager Control The manager has complete annoy and control to the store or chain of stores at any time of day or night. He can even do store minutes locally.* Security Levels The Employees are only allowed the access assigned to their give-and-take only.* Loss Prevention Record keeping is so thorough and acquit that any employee theft of inventory or received cash, even if sprucely disguised can be detected and traced.Need of the conTo eff the train of use of POS system among the students of Amity University, Noida.To know the cognisantness of POS among the students.To know the amount of use of POS system among the students of Amity.Objective of the compositionThe objective of the weigh here is to know the use and sense of the POS system among the students.The amount of use of POS transactions by the students during different courses of purchases.To increase the direct of knowledge of POS system among the students.To find out the reasons why POS system is not used in case of both awareness and non-awareness.Rationale behind the field of battleThe heading of POS system in various Malls or stores has become a common sight in todays market. People make their purchases mainly employ debit/credit cards in place if paper cash. How does this POS system work? The person making the payment through his card is debited an amount which is the prise of the price of the product he is purchasing from the store. This amount is directly ascribe into the account of the store, form which ever banking concern it has opened its account with. Since there is no exchange of paper money, transactions takes place in a few seconds, making it less time consuming and less dexterity involved. On the customers side he does not accommodate the pain of carrying manipulate cash with him.This wide use of POS system brings us to a study of whether this facility is aware to the young minds of the future leaders and entrepreneurs.The research melodic theme will study how much are the students aware just more or less the POS system that are available in the market. With both the room of cash and card purchases available, it will see what is used more often and why. It will study the positive as well as the negative impacts in the minds of the students utilize the system and also who dont use it. The level of awareness of both the group of people who use and who dont will be required to obtain, which will provide the researcher to obtain the final result.Research MethodologyResearch system Descriptive research sampling method Convenience SamplingSampling size 200Sampling Universe Student of Amity University, Noida heavens 125.Data accumulate PrimaryStatistical tool Analysis Microsoft Excel.Data Collection Method Data will be collected through the distribution of questionnaires and interaction with the students. After the questionnaire s are filled up as required and obtaining the required number of responses, it will be canvass to establish the necessary findings.Primary Data The data will be collected by the means of tidy sum which will be done on the basis of various interactions with the students. A questionnaire prepared by the researcher will also be given to the responder who will be change up the necessary questions. This set of questions will later be analyzed to obtain the required result.HypothesisNullH0 the students are aware about the Point of Sales system substituteH1 The students are not aware about the Point of Sales system.NullH0 The students use the POS systemAlternativeH1 The students do not use the POS system.Data Analysis and Interpretation stop consonant of using a bank accountRespond Frequency pctLess than 6 months 117 58.5%Between 6 months to 1 year 35 17.5%1 to 2 age 27 13.5%More than 2 years 21 10.5%According to the data collected from the survey, it was bring that most of the stude nts had their accounts operational from two years and above. The others had accounts opened just a few months bet on or a year.Mode of Purchases more frequently used reception Frequency PercentageCash Purchase 52 26% display board Purchase 148 74%The research Survey shows that majority of the students used the mode of cash payment. Card payment was also used but at a lower scale. When asked why, their reply would be because they felt more well-heeled using cash other than cards. Their main reason for not using card payments was wishing of guarantor and confidence.Awareness on Point of Sale systemResponse PercentageGood 36Average 38Poor 10It has been found that the level of awareness of Point of Sale system among the students were good. Majority of them had an idea or knowledge what exactly a point of sale could do and also were aware about its benefits as well as its short-comings. There were very less percentage of students who had less or no knowledge a all of the POS systems .Frequency of using Debit/Credit CardResponse Frequency Percentage everlastingly 32 16%Very Frequently 60 30% on occasion 42 21%Rarely 20 10%Very seldomNever 10 5%The survey shows us that the use of POS is very frequently used. This frequency is mostly among the students who are aware about the POS systems and use both cash as well as card purchases. ordain of POS system according to preferencesTicketing3Entertainment4Online Shopping2Shopping1Cash Transfers5The survey shows that majority of the students who use the POS systems are using them mainly for the purpose of shopping and online purchases. The facility o cash transfers are the least used.Satisfaction of using Point of Sale systemResponse Frequency PercentageStrongly Agree 20 10%Agree 60 30%Neutral 30 15%Disagree 5 2.5%Strongly disagreeThe level of satisfaction among the students using POS system has been agreed by a majority. A neutral tone is followed by the students who has been aware and using this service. Also a strong level of satisfaction is also found among the sampled sized.Reason for not using Point of Sale systemLack of advertizement5Lack of recreate15No use4Lack of security10Lack of confidence10Any other2The survey studied the various reasons why some of the students were not using this POS system when it made transactions so much easier. The main reason for this was receivable to the Lack of interest in the minds of the students. This was followed lack of security and interest. Lack of advertisement was another reason for causing a low awareness among the students.FindingsThe level of awareness about the POS system among the students is good.The use of this system is also found at a good scale among the students who are aware about the POS system.Though the level of awareness is good, some students still do not use as frequently as expected due to different reasons.The use of POS system is more among the group of students who have opened their bank accounts from 2 years and above. Stud ents using accounts below a year have lesser use.Reason for lack of awareness is mainly because of not having a account for themselves.Another reason for not using this system is the lack of proper advertisements, lack of confidence and security.The POS system is mainly used for the purpose of shopping and online purchases by the students. They are more comfortable with these simple transactions that the POS offers.SuggestionsBanks and any other financial institutions providing this facility should make the effort of educating the POS system to its customers.Effective advertisements should be made in order to make the customers more aware of the system available.The Lack of security and confidence among the customers can be eradicated by using effective softwares that are immune to hackers and other flaws. tight-laced education should be implanted in the minds of the consumers in order to make them aware as well as use this facility.Adequate on sight experience from frequent users c an also be done to motivate the individuals who do not use due to various reasons. finishThe study of the topic Study on Awareness of Point of Sale system among the students of Amity University, Sector 125 found that a medium-large number of students are aware about the presence of POS systems around them. many a(prenominal) use them because they are convenient and easy. Others though they have the knowledge and awareness are still hesitated to use them for various reasons.The Point of Sale system has made transactions operating in various stores very devalued and efficient. They not only provide the benefit of cash less transactions but also keep track of every product or product group in the stores. This information helps the store manger to keep track of his products in his store and make necessary purchases before they run out of stock. Countries like USA mostly use this facility on a very large scale.Thus the final conclusion to this study was that the level of awareness of the POS system among the students is above average. In order to fire it more, a good amount of work in the field of advertisements and security has to be done. The above few reasons were the most prominent for its non use by certain people. It is only when they use the system they will realize the benefits of it.