Multivendor POS System

With the rapid development of the Internet in recent years, the Internet has provided people with a particularly important way of information source for their life. In the present time, Point of Sale (POS) is becoming a huge factor of the business world. Without a proper automated system, pil

Project Title

Multivendor POS System

Project Area of Specialization

Computer Science

Project Summary

With the rapid development of the Internet in recent years, the Internet has provided people with a particularly important way of information source for their life.

In the present time, Point of Sale (POS) is becoming a huge factor of the business world. Without a proper automated system, piled up paper works might emerge and multiple issues might occur since everything is hand written in a logbook and the guaranteed safety of the data’s are more likely nothing. The main purpose of this study is to design and develop an Inventory Management System using laravel framework and implement a Point of Sale with a user-monitoring feature, real time based. The objective of the study is to resolve the current issue of the client’s data storing procedure and sale processing

Project Objectives

• To provide a single platform which have GUI related to different local shop owners to manage their stock.
• To make this system cost effective and user friendly.
• Shop owners who cannot afford expensive POS can manage their records and inventory easily.
• To initiate an automated strategy for inventory handling of the client.
•  Reduce man-hours spent for report generation.
•  Enhancing consistency and ease of management of procurement.
• Developing a system with lower budget and higher effectiveness.
• Bring the advantages of having the most efficient control with less effort and employees.
• Develop a common conceptual framework for inventory management of universities that is both complete and internally consistent.

Project Implementation Method

POS method records the revenue at the point of sale because cash is received on site or it is reasonably certain that cash will be received soon and is thus a finalized transaction. This method is commonly used in grocery stores or other entities such as Wal-Mart.

Key Features of a POS System

• Invoicing: Selling, Buying
• Inventory Management.
• Customer Orders and Suppliers Orders Management.
• Integrated Supplier Purchasing.
• Consistent and Customizable Reports.
• Multi-Vendor Management.

The most important factors to select a POS system are the ease of use, flexibility, support, and the ability to specifically match it to the needs of our business. A POS system can complete multiple tasks and improve the way your business works. Moreover, they offer a level of analytics that a regular terminal can’t. Effectively using a point of sales system can enable the smooth running of many of the major areas of business.

For many merchants, a POS system has become the favored method of collecting payments due to the additional features such as:

• Inventory management
• Staff management
• Tracking Sales
• Spotting trends
• Calculate sales taxes
• Adding discounts
• Recording detailed data

A multi-vendor website is a platform for third-party vendors to sell in one place. In simple terms, it is a big shop that contains various small shops that are run by individual sellers. To make it more relatable, think of it as a mall (owned by you) that delivers to people's homes.

The vendors register with the marketplace through paid or even free registration. Once the vendor registers and uploads his products, the customers can start purchasing from them. Store admin of the multi-vendor market place can charge a small fee on each transaction. Vendor management is a term that describes the processes organizations use to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery.s

Benefits of the Project

POS method records the revenue at the point of sale because cash is received on site or it is reasonably certain that cash will be received soon and is thus a finalized transaction. This method is commonly used in grocery stores or other entities such as Wal-Mart.

Key Features of a POS System

• Invoicing: Selling, Buying
• Inventory Management.
• Customer Orders and Suppliers Orders Management.
• Integrated Supplier Purchasing.
• Consistent and Customizable Reports.
• Multi-Vendor Management.

The most important factors to select a POS system are the ease of use, flexibility, support, and the ability to specifically match it to the needs of our business. A POS system can complete multiple tasks and improve the way your business works. Moreover, they offer a level of analytics that a regular terminal can’t. Effectively using a point of sales system can enable the smooth running of many of the major areas of business.

For many merchants, a POS system has become the favored method of collecting payments due to the additional features such as:

• Inventory management
• Staff management
• Tracking Sales
• Spotting trends
• Calculate sales taxes
• Adding discounts
• Recording detailed data

A multi-vendor website is a platform for third-party vendors to sell in one place. In simple terms, it is a big shop that contains various small shops that are run by individual sellers. To make it more relatable, think of it as a mall (owned by you) that delivers to people's homes.

The vendors register with the marketplace through paid or even free registration. Once the vendor registers and uploads his products, the customers can start purchasing from them. Store admin of the multi-vendor market place can charge a small fee on each transaction. Vendor management is a term that describes the processes organizations use to manage their suppliers, who are also known as vendors. Vendor management includes activities such as selecting vendors, negotiating contracts, controlling costs, reducing vendor-related risks and ensuring service delivery.s

Technical Details of Final Deliverable

• To provide a single platform which have GUI related to different local shop owners to manage their stock.
• To make this system cost effective and user friendly.
• Shop owners who cannot afford expensive POS can manage their records and inventory easily.
• To initiate an automated strategy for inventory handling of the client.
•  Reduce man-hours spent for report generation.
•  Enhancing consistency and ease of management of procurement.
• Developing a system with lower budget and higher effectiveness.
• Bring the advantages of having the most efficient control with less effort and employees.
• Develop a common conceptual framework for inventory management of universities that is both complete and internally consistent.

Final Deliverable of the Project

Software System

Core Industry

IT

Other Industries

Core Technology

Others

Other Technologies

Sustainable Development Goals

Quality Education

Required Resources

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