As was mentioned above, the retail POS systems help in the sales transactions processes.
The POS systems are one of the simplest and they are created in a way to operate
with the purchase processes in ease and efficient way. Hence, the software has
options for entering data which could possibly represent the whole inventory in
the shop, for example. Additionally, when the purchase is made, the system
automatically counts down the item from the inventory list and helps in that way
contributes for improved inventory management. Also, regarding the customer
relationship management and providing sales reports, there are other settings
that could additionally be set in the particular POS software and all that for
the purpose business operations to be more productive. Apart of the
retail businesses, hotels and restaurants should have more complex POS systems.
This is due to the fact that in such businesses which are service orientated,
the POS software applied should be able, for example, to customize various
orders from different tables and in alignment with that to keep track on price
variations. The fact is that the POS systems that apply to service
sector businesses such as restaurants, hotels and fast food businesses should be
able to customize and manage multiple orders. Either the example is for fast
food business, or dining out restaurant or even a hotel, POS software should
operate with various orders made during the service process, and still providing
the right bill for the right table, or the right bill for the right room order
if the hotel business is taken into consideration. Clearly, when
starting a business it is important to take the industry specific POS system
into account. Therefore one should not just trying and finding the best deal,
but rather invest in the system that will work best to make the everyday
businesses activities more effective. Understanding why each system is unique
will help when trying to make the decision for what type of POS system to
purchase.
New York Fiesah is an online marketplace that connect NYC event planners and all kinds of vendors in a much easier manner. The event planner signs into Fiestah"s dashboard, they input the items they need and then vendors place bids to fill in those needs. Fiestah generates revenue by taking a 10 percent cut of each transaction. Another thing Fiestah provides for both parties is that the payment is held in escrow until the vendor completesits task, meaning both sides need to get what they want first. This will make sure both parties can get what they want. Testah team has been hard at work building out the marketplace, introducing themselves to lots of NYC business, and trying to get traction. The next thins on the company's long to -do list is to create full merchant profiles with the ability to rate vendors some time in the next few months. Also Fiestah plans to bring its market place to a next city - San Francisco.
The article talks about an online company in New York that was designed by Nurul Yahya called Feistah. It's an online event planning that allow all kind of vendors in a much easier manner then what's described above. The event planner simply signs into Feistah dash board input what "item" they need for event and then vendors place bids to fill in those needs. The company generates revenue by 10 percent cut of each transaction. In the next thing on the company's long to-do list is to create full merchant profiles with the ability to rate vendors sometime in the next few months. Fiesta next expansion is to startup in San Francisco.
