Laravel Point of sale system is not just for the calculation of the amount to be paid by customers to the seller in terms of exchanging any product or services, even its more than that.
Point of sale facilitates the seller to properly manage their online store as well as a physical store at the same time.
The assigned store agent on an outlet will have a POS front-end management system through which they can easily manage the daily sales along with their respective customer in an appropriate way.
Laravel POS extension can work on both the basis online and offline with the feature to synchronize all the daily sales and customer data of the offline store with the online store whenever going online.
Point of sale terminal software also includes most important features like inventory management, daily sales tracking, ease of payment, physical store management, and CRM.
Growth Rate Of Point Of Sale
The increase in technology for providing a secured payment solution is due to rising market demand for mobile POS and wireless technologies.
A report by Grand View Research shows that the global POS System market size is predicted to be $116.06 billion by 2025, demonstrating a 9.9% CAGR for the study period.
A good Point of sale system includes a computer, monitor, cash drawer, receipt printer, customer display, and a barcode scanner and debit/credit card, reader.
For successfully achieving your goal it’s necessary to choose the best programming language which fulfils your requirements of point of sale. POS system is everything for any retail business, it will help in increase in the sales, cut down your cost and make your business more efficient by generating revenue.
Technologies Used To Build In Point Of Sale
Magento POS although it’s a well-designed platform, for those who are new to e-commerce and need an easy to use the platform somehow it’s difficult. It takes a long time of the user to understand how to use that. Even it’s costlier than the other Point of sale system available in Market.
WooCommerce POS is one of the good POS systems. But it is tightly linked with WordPress and cannot be used without it.
All of the above platforms are outstanding e-commerce options that offer similar options. Your choice will depend on what you want out of your POS system.
Why Should We Use Laravel?
Laravel is always the best choice whenever we are talking about any eCommerce development and of course, it’s an open source framework based on PHP used for constructing web application and is famous for its impressive accessibility and robust features.
It has a built-in tool which is as called Artisan, which allows the user to perform lengthy programming tasks always really quickly.
Laravel eCommerce Point of Sale
Some exceptional features of Laravel like durability, convenient, and reliable support which attracts many industries and developers towards Laravel.
Built on MVC architecture, Laravel offers integrity to make every light concept automated in any project. It has also paved the way in the creation of true Laravel eCommerce framework like Bagisto
Bagisto is an open-source E-commerce platform built on top of Laravel and Vue.js by Webkul. Its an ecosystem designed for all to build and scale your business. It’s a free and open-source framework has an important feature like Multi-Store Inventory.
Inventory split is one of the key feature of Point Of Sale system.
A Point Of Sale (POS) is a place where the consumer completes the payment for products and services. It is the spot where the retail transaction concludes.
According to the survey, 46% of companies spend less than $1500 per year. POS Terminals Market will reach Worth $116.06 Billion By 2025.
Some Point of Sale system is often called the “Retail Management System”. Point of Sale comes with functionality such as inventory management, supplier record, and issue of sale orders.
Although it is known as, “POS system” rather than “Retail Management System”.
Nowadays, many technologies have started offering Point Of Sale solution like Shopify, Magento, Bagisto WooCommerce, OpenCart, BigCommerce, and PrestaShop.
Why It’s Important To Move Towards Point Of Sale System?
Choosing of POS system for your business plays an important role. The data you will get from your POS about your inventory, your sale, your customers these all can help you in making business decisions. Once your sales are computerized, that will leads your business more organized and accurate.
One of the typical work for any retail and hospitality business to properly maintain your cash register. Every sale transaction is important for any business and if you have a lot of cash transaction it’s very difficult to maintain it.
Now you can replace your old register with POS that will save your money, your time and will give you accurate data about your daily sales. The POS system is computer software connected with hardware.
It’s not necessary that the sales guy always remember each item cost and punching the exact numbers, Scanning of an item will give the more accuracy.
POS system will help the sales guy not to do a recheck of inventory physically and other repetitive paperwork.POS system will give all the data related to inventory in a system which leads an increase in the efficiency of your staff.
POS system reduces the time and speeds up the check-out process with the barcode scanner. Sales guy can complete their order easily and quickly.POS system will collect your customer data, Seller can use this data to recognize your best customers and give them extra benefits.
POS system will give all the data about the inventory, sale, customer, and cash or card transaction, through which you can easily analyze the growth of your business and you can take strategic business decisions.
What Are The Key Factors For Laravel POS?
At the Point Of Sale(POS), Customer purchases the goods and services. Later on, the retailer prepares an invoice for the purchase and provides an option to make the payment.
After the complete transaction, the retailer provides the receipt to the consumer for the purchased goods.
Nowadays, we can see the different example of Point Of Sale(POS) around us. A point of sale is the combination of the POS software and a POS terminal that provides services like handling transactions, inventory management, and customer loyalty programs.
Point Of Sale terminal is also relevant for the offline retail shops which handle all the retail transaction. We can see a different example of POS near us.
A Retail POS system includes a computer monitor, receipt printer, barcode scanner, and debit/credit card reader to manage the cash register. In a retail business, the POS system handles sales.
The retail point of sale System handles other functions like inventory control, purchasing, receiving and transferring products from other locations.
A Restaurant POS system basically helps the operators to prepare the orders and maintain the payment control for his business. Restaurant POS manages stock control, reporting & analytics, and customer relationship management.
Grocery store POS system helps the merchants to maintain the record of the goods, payments, and keep the employee record.
It includes the computer system and software that tracks transactions, credit/debit card readers, and other peripheral devices like a cash drawer.
With it, a retailer can track and manage all records of the customer including the goods as purchased by him.
Fashion store POS helps the retailers to hold down the inventories, customers, order, and payment. A fashion POS provides the convenience to integrate the online payment, E-wallets, and credit/ debit card.
A retailer can manage employee record, product record and can update the products.
A Salon POS system assists the shopkeepers to manage the appointment, inventory, buying beauty products, online booking & payroll, and commission management.
Nowadays eCommerce is not limited to online selling only. It also covers offline selling as well. In this scenario, POS plays a very crucial role.
The Offline POS machine works on the offline cache. An Offline POS facilitate cross-channel purchase, promotions, returns, and marketing.
Example: You can also use the offline POS away from your network and it can perform the basic transaction processing functions while disconnected from the server. Once the Offline POS device will reconnect with the server, it will update all the data in the system.
Why Laravel Inventory Split Is Required For POS?
With the eCommerce Inventory Split, you can split the inventory among different Warehouses and accomplish the product stocks at each warehouse. For managing product stocks efficiently, every retailer needs to split their inventory.
The retailer can track and manage the products into these inventory with the eCommerce Inventory Split.
Inventory split requires multi-warehousing and without it, a scalable Laravel POS solution is hard to build. Let me explain everything in an example.
Imagine, a retailer A is running an online shop at — example.com. Also, the same retailer has bricks and mortar shops at various locations. With the Inventory split, the retailer can easily manage the store and track the goods at those locations.
So What Is The Problem?
A merchant always has problems investigating the product list and matching with the actual log. Apart from this, there is a problem in maintaining the cash registers traditionally.
POS system performs automatic inventory management. A retailer can split the inventory into different warehouses and can track the inventory when the stock is running low.
Problem is at various locations, for the same product stock value can be different. Example:
- Offline Retail store A ( location A ) – Product P1 have the product stock value 15 here
- Offline Retail store B ( location B ) – Product P1 have the product stock value10 here
- Retail store C ( location C ) – Product P1 have the product stock value 25 here
So the retailer can check that for the same SKU P1 various stock is possible based on different location and POS terminal.
Why Laravel E-Commerce Bagisto Is Best Suited For POS Development?
This POS extension of Bagisto facilitates the seller to properly manage their online store as well as a physical store at the same time. Where the assigned store agent on a physical store will have a POS front-end management system.
By using POS store agent can easily manage the daily sales along with their respective customer in an appropriate way. Bagisto POS extension can work on both the basis online and offline with the feature to synchronize all the daily sales and customer data of the offline store with the online store whenever going online.
After the Sign-in into the POS system, the POS Users will be redirected to the POS panel as shown in the below image.
Strong Inventory Management
Laravel eCommerce Bagisto provides a strong inventory management feature. In traditional approaches, a retailer has to monitor their product stock on a single inventory on a regular basis. The process is a long and very time-consuming process.
Now with the Bagisto POS, Every physical outlet will have separate inventory sources that will help the seller to manage their inventory in a good manner.
However, In POS Inventory is Centralised.
This centralized inventory will depict that any inventory changes done on the website will be reflected in the POS end and vice versa.
Likewise, if the online stock of the product is 200, then all the POS outlet stock will be the same i.e 200 and the stock will automatically decrease on each sale from the online store or the POS outlet accordingly.
Better Payment Option
Laravel eCommerce Point of Sale system will accept the Cash or Card payment.POS agent will complete his transaction via cash or card.
POS system is provided with the feature like offline mode where the user can manage the sales activities in case of poor connectivity. The POS user can work in offline mode whenever there is any terrible connectivity and can synchronize the data with the online store whenever going online.
- POS user cannot apply the discount in offline mode.
- POS user can place an order in offline mode.
- POS user can check their sales history, hold sales, offline sales from their panel.
- POS user cannot apply the discount in offline mode.
- POS user can synchronize the data with the online store whenever going online.
- Offline data of POS will automatically be synced whenever the system gets connected to the internet.
POS extension allows the admin to Create and manage multiple POS outlets from their POS back-end.
Vue focuses on making ideas in Web UI development more approachable. Bagisto/Laravel highlights an incrementally adoptable architecture.
It also provides an advanced feature like routing, state management, and build tooling. Laravel offers support for PWA based architecture as well.
PWA helps users and merchants to deliver fast, pleasant, and reliable mobile web experiences. It works also when the user is offline or using an unstable network.
Laravel MultiChannel E-Commerce Selling
Laravel Multichannel e-commerce selling Inventory split is not limited to point of sale only. It is also possible that the same product is being sold at various channels and marketplaces like eBay and Amazon.
By selling the product on multiple channels, a merchant can boost its sales as well as it helps him in brand recognition. A Seller can integrate multiple channels to sell the product in Bagisto.
In Bagisto, the retailer can construct a separate inventory source for each channel so that he can track the products in each source.
Inventory split support that part as well. Bagisto (Laravel based e-commerce platform ) is best suited for the high-end multichannel enterprise eCommerce.
ECommerce POS Integration
There is always a challenge to accept the new change but if you want to run a successful multichannel business it takes so many efforts and hard work. And when everything is going good it’s hard to accept the change.
But if you want to continue your success, you should always ready to accept challenges and always on a road of improvement. With the integration of your eCommerce and point of sale systems in store, your business will reach more hike.
This integration will help in many ways like providing accurate inventory levels, customer can pick online order from a store, sharing of customer information between online and physical store.
If you are looking for Laravel based Point Of Sale System please feel free to contact us. And if you want to flourish your eCommerce application with newer things, do check on for Bagisto. You can add a ticket and let us know your views at https://webkul.uvdesk.com