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How is POS software responsible for addressing today’s business needs?

How is POS software responsible for addressing today's business needs?

POS software is the best choice because according to the Statistics Brain Research Institute, only 47% of new retail businesses survive the first four years of operation. This research explains that many new business owners do not understand how to run and grow a profitable retail business because many retailers cling to the old-fashioned way of doing business.

A point of sale is a place where a sale takes place, be it a mall, a market, or a small shop. Going deeper, the point of sale is referred to as the checkout counter area where customers complete transactions. So for retailers who are considering buying software to run their business, POS software is the best choice.

To understand how POS software addresses today’s business needs, let’s look at some of the main benefits of POS software for retail businesses.

Time saver

Time-saving can be considered the main advantage of POS software. Nobody likes standing in line and waiting for their turn. 

By simply scanning the barcode on the product, information such as product name, quantity, invoiced amount, tax, etc. is automatically updated in the POS software’s billing window. In addition, the print function prints the final bill, reducing the burden of manual typing and creating receipts.

Inventory management

Regardless of the size of your retail store, POS software has all the inventory data. It also displays real-time inventory. Thanks to the scanning function, the POS software will add all the product data to the database.

Accordingly, the product quantity changes with incoming and outgoing products through barcode scanners connected to the POS software. Once the inventory of a particular item appears to be short within a few days, the owner can order another batch of items without investing much time and effort.

Increases customer satisfaction

Previously, when employees were burdened with manual work, they were constantly exhausted by it. Employees had to memorize prices, product names, sizes, quantities, etc. However, POS can reduce the burden of remembering things on employees and helps them pay more attention to customers, which ultimately increases customer satisfaction and employee productivity.

Maintaining consistency for multiple stores

If you own multiple stores in different locations and want to streamline your product portfolio across all locations, then POS software is very beneficial. The #1 problem multi-store businesses face is maintaining price consistency.

With a similar product database in all stores, POS software can be useful to solve the problem of inconsistency for multi-store businesses. With respect to the location of the store, the owner has access to the product database of any store and can make relevant decisions regarding restocking, applying discounts, increasing prices, etc.

Better customer relations

Have you ever thought that some sellers would give offers on a customer’s birthday or wedding anniversary? This is possible with POS software. POS software allows retailers to store customer data including date of birth, date of marriage, etc. Retailers can further use this data to generate new offers and discounts for customers and invite them to shop on such special days.

You can also use customer purchase history from the POS to suggest customers with matching products. For example, if a customer purchased a party dress from your store, you can send them a discount email or SMS whenever new products become available. Making customers memorable and happy with discounts will bring them back to your store and build strong customer relationships.

Management of employees

Employee management activities greatly help the owner to understand how the employees are doing with product sales. One can quickly open the POS software and look at the monthly sales of any employee. This also allows the owner to understand the best-performing employee and the owner can reward such employees to strengthen their trust and loyalty.

A POS system can also be useful for employees to manage their own sales statistics. Such statistics directly inform them of their progress and let them know what to do to improve sales. That’s why it’s always a good idea to have POS software with employee management so you can do better than your competitors and keep track of progress.

Cloud POS to access your business from anywhere

With cloud-based POS, retailers can access store data anywhere, anytime by logging into an administrator account. Even when you’re out and about or traveling, you can access real-time store activity from anywhere. Cloud POS is also useful for updating information such as offers and discounts when you are out of the office and have plenty of time to do such work.

In the fast-paced and competitive world of retail, store owners can choose a POS system to replace manual paperwork management to make better business decisions. Retail is getting tougher as it becomes more customer-centric.

Ease of shopping and good customer relations are key parameters for the survival of any retail business. Therefore, Coding Brain’s help with an effective POS software system to take care of your retail business can be a plus point to overcoming these challenges and growing your retail business.


written by Faiz Akhtar for Coding brains section(s).

How can Barcode Scanner software effectively track assets and instantly retrieve data?

How can barcode scanner software effectively track assets and instantly retrieve data?

Many modern businesses today use barcode scanning software and reap the benefits of this technology. Barcodes were invented as early as 1951, as were their scanners. However, barcodes took a long time to become successful. It was in the 1960s that they were first used for industrial prospects. Barcodes have their versatile uses in every industry and context such as retail chains, manufacturing units, the healthcare industry, and many more.

Barcode technology effectively tracks assets and instantly retrieves data by simply scanning a barcode. According to researchers Several leading organizations such as Amazon use barcode technology for its 100% accuracy in tracking inventory and assets.

Barcode scanners

Barcode scanners are optical sensors that read a printed barcode, decode its data, and then transmit it to a connected computer system.

Types of barcode scanners:

Barcode scanners are differentiated based on the technology they use to scan the barcode. Below are the main types of barcode scanners in use:

1) Pen-type scanner: It consists of a light source and a photodiode for reading the barcode. The pen tip moves across the barcode lines at a uniform speed.

2) Laser Scanner: It is used in the same way as a pen-type scanner but uses a laser as the light source to read the barcode.

3) LED scanner: It uses an array of hundreds of small light sources arranged in a row, which are used to measure the emitted ambient light from the barcode in order to read and decode it.

4) Camera-based scanner: It works in the same way as LED scanners but generates an image in a 2D field of light sources. The barcode that appears on the image is thus decoded.

5) Omnidirectional barcode scanner: It uses a multi-angle arrangement of scanning lines to be projected onto a barcode. They are most often used in supermarkets.

6) Mobile phone camera: 2D barcodes such as QR codes and data matrix codes are scanned for the smartphone camera.

Working with barcode scanners:

How barcode scanner software works are Barcodes are read through dashes and dots, which are converted into numbers. Thanks to scanner technology, scanning, reading, and decoding barcodes have become easy with a fast reading of black and white zebra lines.

Scanned barcodes are transferred to the output of the scanner or a connected computer device or system to easily identify product information for the organization’s database.

The following steps involve scanning, reading, and decoding the barcode:

  • Scanning via laser light or LED light to the barcode.
  • Light is reflected from the barcode to a photocell (an electronic component for detecting light). The black areas reflect a small amount of light and the white lines reflect the main part of the light.
  • As the scanner moves across the barcode at a uniform speed, the photoelectric cell generates an on-off pulse pattern that communicates with the white and black bars on the barcode.
  • The scanner’s electronic circuitry converts the pulses into zeros and ones (binary numbers), which are then sent to an attached computer system.
  • The barcode reader software captures the barcode data and transfers it to a connected computer system. It is an image and data capture software application that increases work efficiency and works together with existing asset management software.

Benefits of barcode scanner software

  • Improved efficiency: Barcode scanner software allows you to work more accurately and read data and information at a fast pace. Scanner technology makes operation and tracking fast and accurate.
  • Reducing the number of errors: Clear entry of data and information through scanner technology strengthens the business and legacy of the organization with reduced errors.
  • Cost-effective: Accurate data transfer to the system makes it possible to maintain the efficiency of all ongoing processes in the company. When everything goes smoothly and without errors, it saves a lot of money that is caused by errors, problems, or human error.
  • Saves time: Barcode scanner software saves a lot of time in organizing and analyzing the quantity and quality of assets, inventory, and products. With scanner technology, it is very efficient compared to the same task of approx. 4 hours for 5 employees together.
  • Increased productivity: Scanner technology helps increase and increase productivity by digitally updating inventory levels or asset movements. The software has significant simplified advantages that also reduce the training time of the applications.
  • Business Intelligence: The software makes it easy to record and maintain data for every update regarding transactions or operations, digitally and track them.

Conclusion

Barcode scanner software can be implemented for any business, institution, or service provider. Software is known to improve operations and solve business problems. Additionally, the barcode scanner app can manage security, attendance, access control, and asset tracking in institutions and organizations.

All this can be achieved with barcode scanners. Nowadays, they have become mobile and laser controlled. Barcode scanning is an integral part of asset tracking and inventory management. Improves accuracy, reduces human error, and improves inventory management discipline. To know more about barcode scanning apps please contact us at Coding Brains.


written by Shriya Sachdeva for Coding brains section(s).

How much a flexible Warehouse Management System which is reconfigurable can grow your business in the next 5 years?

How much a flexible Warehouse Management System which is reconfigurable can grow your business in the next 5 years?

A Warehouse Management System (WMS) is a software application specialized in supporting day-to-day warehouse operations. The app does this by allowing users to have a centralized system where various warehouse management tasks are managed through an interface on a handheld device or tablet working in the warehouse. This makes warehouse operation efficient and easy and also ensures minimum losses in various warehouse processes.

The global warehouse management systems market size was valued at USD 2.94 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 16.1% between 2022 and 2030.

How does a Warehouse Management System fit into your supply chain?

In a fully integrated solution, you will have your raw materials received into your Warehouse Management System, consumed by your material requirements planning system, and finished goods stored back into your WMS. A WMS will facilitate the tracking of product through movements and cycle counts in the warehouse, after which it will eventually be picked and sent to either a shipping system or a traffic management system to route your trucks. All the while your Enterprise Resource Planning system will track values, orders, sales, and invoices with all systems.

What to focus on in a Warehouse Management System (WMS)?

There are different types of Warehouse Management Systems, from simple uncomplicated systems to more complex systems that are better suited for large warehouses. When looking for a Warehouse Management System for your warehouse, there are various factors to consider before settling on one WMS:

1) Function:

Different WMS systems can perform different functions and are built for different industries. What functions must your business fulfil to meet the needs of your customers, regulators, and shareholders? Look for a configurable warehouse management system that can scale behind you, but where you plan to be in five years.

2) Warehouse size:

More activities and functions are performed in a large warehouse, and all such activities and functions require a more detailed system. The larger the warehouse, the higher the cost of traveling between locations, making detailed tracking more important.

3) Customer needs:

By identifying the gaps in your current system, you will be able to determine the features you require in a WMS and select a WMS that will ensure you can better serve your customers with the services provided. Are you an e-commerce site that needs automatic allocation so that your available inventory is always accurate? Need to send tracking numbers to your customers? Do you need batch tracking to comply with FDA regulations?

4) Costs:

The cost of installing a WMS system varies greatly depending on the complexity of the system and the vendor of the system. Choose a WMS system that will better serve your warehouse by fulfilling all the required functions and also one that your business can afford. Choosing a WMS system that is too expensive for you will only put your business in trouble and ultimately compromise the quality and efficiency you so desperately want to improve. On the other hand, choosing a basic WMS system may not serve you well, especially if you have many functions in your warehouse. When choosing the right WMS for your business, you need to strike the right balance between price and features. Don’t get caught up in thinking about what your business needs today, think about where you want your business to be in 5 years and choose a product that will take you there and beyond.

If you would like to schedule a free consultation to see if Coding Brains can provide you with the right warehouse management system, please contact us today by reaching out to us.


written by Shriya Sachdeva for Coding brains section(s).

Custom-built EHR Software: Is it ok to invest in custom EHRs over the already existing ones?

Custom-built EHR Software: Is it ok to invest in custom EHRs over the already existing ones?

A recent study by Medical Economics shows that 67 percent of physicians don’t think EHR software is worth the effort. In addition to unsatisfactory experiences, they offer complaints such as poor functionality, security and liability risks, and high costs.

To avoid all these problems, we recommend using custom-built EHR software. Read on to learn what EHR software is and how to build your own to streamline your healthcare processes.

EHR vs EMR: What’s the Difference?

Before we talk about EHR software development, let’s learn the difference between the terms EHR and EMR, as they are often used interchangeably.

Electronic Medical Record (EMR) software manages an electronic version of patients’ medical records. This software allows doctors to track every patient visit and the entire treatment history, improving the quality of care.

Electronic Health Record (EHR) software provides more functionality than EMR software because it focuses on all of a patient’s health data, not just conventional medical data. An EHR system offers a holistic picture of a patient’s health, including information about treatments, symptoms, prescriptions, and more. Additionally, EHR software allows healthcare organizations to share data with other healthcare providers, such as laboratories.

Both EMR and EHR systems aim to replace paperwork and automate healthcare processes.

Basic features of EHR software

We will now look at the features of an EHR to give you some insight into what features are necessary for the day-to-day operations of a healthcare organization and what it takes to create a product with such features.

  • A patient portal allows patients to view their medical information from anywhere over the Internet. The patient portal includes demographic data, medication records, allergy lists, lab results, and more.
  • Patient history management allows doctors to capture, manage and review a patient’s clinical history.
  • Document and image management allows users to scan and attach documents and images to patient charts and copy documents to a database.
  • Electronic prescribing allows doctors to submit prescriptions electronically. This feature tracks patient prescriptions and sends automatic alerts for potential drug allergies and interactions.
  • Lab integration allows healthcare providers to monitor test sample delivery, track results, and even integrate received data with patient charts.
  • Chat allows doctors to advise patients with health problems using secure direct messages.
  • The reminder feature allows doctors to automatically remind their patients of upcoming appointments via text message or phone call.
  • Patient Scheduling allows healthcare providers to easily schedule and register patients. In addition, the software can send patients automatic notifications of upcoming appointments.
  • The reporting feature gives healthcare organizations access to real-time clinical and financial data, such as revenue projections and the number of patients who have defaulted on their bills. This provides insight into where to focus on improving medical practice.

What are the challenges in building EHR software?

Bad UI/UX

A poorly designed EHR software interface can make data management difficult for medical staff. Therefore, an interface that is difficult to navigate can lead to reduced productivity. Careful consideration of design principles is essential to provide users with a simple and easy-to-use interface. Good EHR design means avoiding unnecessary complexity, emphasizing key elements, keeping terminology clear and straightforward, and using color effectively to draw attention to important areas.

Security and privacy

Security and privacy are critical factors for EHR software development. Some healthcare providers and patients are concerned about health privacy when using EHRs. This is because EHR software stores private clinic and patient data. When developing EHR software for the US market, remember that it must meet the Health Insurance Portability Accountability Act (HIPAA requirements). HIPAA is a US law designed to provide privacy standards for medical information.

Ready to build EHR software?

If you want to create EHR software that will enable your healthcare organization to streamline its workflow and improve the quality of care, contact us and tell us about your idea!


written by Faiz Akhtar for Coding brains section(s).

What is E-commerce Software? Analysis of features, benefits and functioning of these software

What is e-commerce software? Analysis of features, benefits and functioning of these softwares

An online store consists of many complex components and processes that e-commerce software simplifies through an easy-to-use interface that even non-technical people can operate. Another convenience is the system’s ability to integrate with other platforms and services such as CRM, CMS, ERP, payment gateways, email marketing tools, accounting software, and social media networks.

In the US, Digital Commerce 360 ​​puts the growth rate of e-commerce in 2020 at a whopping 44% year-on-year. Regardless of which numbers you’d prefer, e-commerce remains largely unaffected by the pandemic. The opposite is true: the pandemic has strengthened the credibility of e-commerce for the future.

What are the types of e-commerce software?

There are two general classifications of e-commerce software and they relate to the type of deployment:

On-Premise.

Installed on a local server or computer and managed on-site by a team that handles manual updates, fixes issues and general troubleshooting. Online retailers initially used on-premise solutions because they allowed for more hands-on management compared to hosted solutions.

Software as a service.

SaaS or hosted solutions are a technically impractical option as all updates, fixes and newly released features are done automatically or via one-click integration. Hosted e-commerce software has evolved dramatically to allow for wide customization and flexibility, previously exclusive to on-premise, so that it is now a sufficient solution for most online retailers. In addition, SaaS software can be launched quickly and comes in affordable packages.

What does eCommerce software do?

While e-commerce software can handle most of the important tasks related to running your store by itself, it often integrates with other applications and services to help you do some other things right from within the system. With robust features and functionality coupled with powerful integration capabilities, eCommerce software becomes your all-in-one integrated platform that can do the following.

Customer and order management. 

Every order is a sales transaction that affects your bottom line. Therefore, it must be done efficiently and conveniently for the customer. The eCommerce software takes care of order management, order status control and quick changes if necessary. By itself or with the help of some other third-party application or service, it can handle payment processing, keep transaction records, manage customer information, create invoicing and invoicing, perform accurate accounting, and provide analytics and reporting, among other things.

Manage products and inventory. 

You get product specifics from SKUs and variations (size, color, quantity) to names and images, allowing you to organize and catalog items. You will also be notified and alerted if stocks are low and which specific things are turning over quickly and needing replenishment.

Simplify marketing. 

Built-in SEO allows online stores to rank higher in organic search engines for more excellent online discovery and presence, as well as lower customer acquisition costs.

Improve the customer experience. 

E-commerce software is designed to enable customers to find what they need in your store quickly and efficiently. Hosted solutions offer service-level agreements that guarantee 100% uptime and simple yet robust website management, allowing you to provide your customers with the best online shopping experience.

How does eCommerce software work?

Selling online through your website involves a series of steps and processes that eCommerce software takes care of. What is e-commerce but a system that simplifies these steps? How does e-commerce software work? It usually goes like this:

  • A shopper visits your website, which displays products and categories that are loaded/stored in the website’s database.
  • The customer uses the shopping cart to add items and creates an account with all information stored in the database.
  • Once the customer is at the checkout stage, the website usually goes into a secure mode with a lock symbol and an SSL certificate.
  • At checkout, the Website may use third-party software or services to provide the customer with delivery options, shipping rates, and expected delivery date.
  • When a customer enters a credit card number, the information is sent to a payment processor or payment gateway such as PayPal.
  • The customer’s order is now complete and all sensitive information is stored with the payment processor (not the e-commerce website).
  • You can have the payment deposited into your merchant account (a service usually provided by a payment gateway) or transferred to your bank account.

The above steps, from order to payment processing, can take just a few minutes to complete, giving you and your customer maximum efficiency and convenience. eCommerce software allows all of the above to happen without any worries or hassles, which is why you need a fully capable eCommerce platform to keep your online store or website running flawlessly and responsively.

For more information on eCommerce software, please contact Coding Brains.


written by Faiz Akhtar for Coding brains section(s).
 
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