"POS solutionWhat Does POS stand for?POS is the Point Of Sale. The retailers among the smallest dealers, the malls, market among thelargest delaers are the examples of POS.Selection criteria to choose the POSIn order to select the select the best fit POS, one need to go throught he varios steps as mentionedbelow:1. Understand the requirements of your businessThe functions, products and features of your business will help you understand what kindof OS you want to go for. Consider the stock management, customer preferences etc. Incase you have already the POS system , you want to enhance it to next level, the lacunasin the current system are to be identified and thus improvement is possible of the currentsystem.2. The kind of hardware required to carry on businessNext step is to ensure the kind of hardware needed to ensure that the business runssmoothly. The accountant may need laptop, tablet etc. to provide the services, the carrepairer may need the fuels, lubricants to satisfy the customers , the tailor may need thestitching machine to make out the clothes. Further, depending on the size of operations,one needs to analyze the number of units required to carry on the business.3. Budget analysis Depending upon the nature and the volume of business , the cost figures need to be setout well in advance. The budget analysis gives the ability to understand and compare thestandard and the budgeted figures.The interpretation of the cost-benefit set off will helpyou find the alternate funding methods. The economic and financial impact of businesswill be in your reach.4. Analyze the pros & cons of different kind of POSThis is the situation where you need to check the prevalent POS systems in the market.Talk to the relevant groups regarding what kind of POS they would suggest for theirbusiness. The other retailer may be contacted upon for this purpose in order to ensure thesuccess of business.5. Make the system ready to workNow, the POS if selected, time to audit the practical implementation of the POS system.Have a proper consideration of the speed, performance standards, the output you aregetting and the user friendliness of the POS solutions you are goin to use for youbusiness. Everything in your system from data input, processing and output generationshould be so synchronized that it is the auto-populated system in itself. For this to make areality, the help of existing retailers can be taken. Their experiences will help you toavoid making the mistakes they have made and avoiding the difficulties they faced inimplementation.6. Make the optimized use out of set up "