Academic literature on the topic 'Point-of-sale systems industry'

The increase in the scale of retail grocery operations to the supermarkets of today has been at the expense of the detailed knowledge of local customer preferences that small retailers could possess. This article examines the features of a technological solution to this problem and describes how the Vision System, an interactive multimedia point-of-sale shopper loyalty and promotion system, is revolutionizing retail marketing in the United States. The implications of highly-targeted marketing at the individual household level, micromarketing, are examined and it is suggested that supermarkets using such systems would achieve a significant competitive advantage. It is also suggested that the widespread adoption of Vision-type systems would have a profound impact upon manufacturers and the marketing industry as a whole.

ObjectiveTaxation equitably reduces smoking, the leading cause of health inequalities. The tobacco industry (TI) can, however, undermine the public health gains realised from tobacco taxation through its pricing strategies. This study aims to examine contemporary TI pricing strategies in the UK and implications for tobacco tax policy.DesignReview of commercial literature and longitudinal analysis of tobacco sales and price data.SettingA high-income country with comprehensive tobacco control policies and high tobacco taxes (UK).Participants2009 to 2015 Nielsen Scantrak electronic point of sale systems data.Main outcome measuresTobacco segmentation; monthly prices, sales volumes of and net revenue from roll-your-own (RYO) and factory-made (FM) cigarettes by segment; use of price-marking and pack sizes.ResultsThe literature review and sales data concurred that both RYO and FM cigarettes were segmented by price. Despite regular tax increases, average real prices for the cheapest FM and RYO segments remained steady from 2013 while volumes grew. Low prices were maintained through reductions in the size of packs and price-marking. Each year, at the point the budget is implemented, the TI drops its revenue by up to 18 pence per pack, absorbing the tax increases (undershifting). Undershifting is most marked for the cheapest segments.ConclusionsThe TI currently uses a variety of strategies to keep tobacco cheap. The implementation of standardised packaging will prevent small pack sizes and price-marking but further changes in tax policy are needed to minimise the TI’s attempts to prevent sudden price increases.

Purpose – The purpose of this paper is to build and provide a step-by-step methodology to develop a speed-to-market (STM) process model for a fashion garment that can quickly respond to the marketing situation and shorten the cycle time from receiving orders to deliver the finished product. The improved STM process model to contrast the “before” and “after” scenarios in order to induce potential benefits such as reducing production lead-time and keeping low inventory. Design/methodology/approach – First, collected garment business management systems and garment manufacture operational process. Second, according to the point-line-plane-volume work improvement to list the garment industry up and down stream improvement projects and to reduce the supply chain lead-time. Third, establish the STM model and use information technology to redesign the garment industry supply chain process. Fourth, amend the STM model process. Fifth, compare the supply chain lead-time of finished STM process and normal process. Findings – After the garment industry implements STM and supply chain re-engineering, the clothing design to sale process can be simplified and reduced time to market. The garment order to buyer lead-time is shortened from 104 to 42 days totally. Practical implications – This research is a practical business re-engineering process and work improvement. The improvement STM model can half the cycle time from receiving orders to deliver the finished garment product. Originality/value – This paper provides a process with a step-by-step methodology to develop a successful speed-to-market model for the fashion garment industry and it is able to serve as a reference model for other industrial supply chain management.

Nutrient profiling systems, initially designed to promote healthy food choices at the point of sale, can also provide the scientific basis for innovation and product reformulation by the food industry. This work presents a new profiling system to help define feasible nutrient targets for reformulation of packaged foods. The focus is on five key nutrients for which the World Health Organisation (WHO) has set population-level goals: sugar, saturated fat, sodium, fiber, and protein. The methodology uses Mintel’s Global New Products Database of packaged foods to (1) identify nutrients relevant to each food category (2) sort products into sub-categories defined by a unique nutritional signature, and (3) develop standards for “best of class” products. For instance, if targeted to be amongst the best 15% of the global food supply, pizza must have less than 4.0 g/100 g saturated fat, less than 520 mg/100 g total sodium and more than 9.8 g/100 g protein. Fiber and sugar are not identified as relevant nutrients for the pizza category and no targets are provided.

Over the years, technology has vastly modernized the restaurant industry. Much of the innovation has been with Point of Sale (POS) operations. But still there is some scope to improve the customer service. In this paper, we proposed a solution that makes interacting with waiters much easier, faster, and more convenient. There are few systems which are being developed in Arduino as a table token system. As a microcontroller, Arduino is an advantageous hardware that can be programmed to be used for a variety of applications. This study is based on giving a better experience to customers by improving the response time. Instead of yelling or using some bells, customers can generate a token by pushing a button. With this the waiter can be informed which table needs attention and quickly respond to the needs of the customer. Moreover, this will allow the customers to experience a quiet and fine dining atmosphere which in future will insure better customer loyalty and profit for the restaurant. In a nutshell, this paper deals with designing a system that will make interacting with waiters as well as serving customer smoother and more affordable.

Purpose Given that Blockchain technology poses a growing challenge to the banking industry, this paper aims to analyse the innovation of Blockchain banking with regard to its systemic dimension, as well as dynamics of competition. The empirical research demonstrates how the systemic characteristics of Blockchain banking relate to the pursuit of strategies and to what extent these strategies influence the directional path and level of technology diffusion. Design/methodology/approach The research study uses a case study methodology to explore the strategic competition of Blockchain banking. The study proposes the systemic innovation model for analysing and tracking the path of innovations. The model can be applied to any industry to understand the process of innovation development and the strategies to win market share in the banking industry. This research makes a contribution towards the theory of technology diffusion to understand the directional path of innovations. Findings The analyses of findings reveal the situation whereby most banks still compete to create their own Blockchain banking systems. The analyses, based on the systemic innovation model, also shows the low systemic feature of Blockchain banking at present. From the technology diffusion perspective, the future of Blockchain banking may need cross-chain interoperability to support a full spectrum of payments and value exchanges on the internet of things. Originality/value The main contribution of this paper is the systemic analysis of the latest innovation of Blockchain banking. Given that the research also includes the major banking innovation cases of ATM/cash cards, credit cards and electronic fund transfer at the point of sale/debit cards, the comparative analyses offer strategic insights to predict the progress, as well as pattern of technology development and diffusion for the case of Blockchain banking.

The India Draft National eCommerce Policy is a high-level policy document proposed by India's Department for Promotion of Industry and Internal Trade in February 2019. It sketches out a series of policy recommendations that range from useful consumer protections to non-constructive protectionist industry regimes that would likely backfire and hurt businesses, entrepreneurs and consumers alike. The best of these recommendations would institute stricter consumer protections against annoying, unsolicited phone calls and emails. But the worst of them would make data transfers difficult, impose onerous liability on third party platforms, and institute data localization that would reduce business and consumer choices.Within India, the draft policy boosts the government‟s schemes/ programmes, such as Digital India, Skill India, Make in India and Startup India, which rely on eCommerce and its components. For instance, it has introduced norms for consumer protection, recognized the importance of data, its protection and storage, granted infrastructure status to data centers and server farms, integrated different systems to track imports and introduced anti-counterfeiting and anti-piracy measures.It is also in sync with the recently updated industrial policy which reflects the underlying brick-and-mortar economy. However, the stakeholders, including industry, its associations and the independent policy community, point out that in the government‟s enthusiasm to address all these many aspects of eCommerce, the Draft Policy has become ambiguous, raising questions about whether it is intended to be an internet policy or a specific eCommerce policy. (1)The National eCommerce Policy is aimed to address concerns which go beyond the sale and purchase of products by electronic means. For example, environmentally sustainable growth by outlining regulatory aspects on Swachh Bharat Abhiyan, suitable policy will be devised to promote “reduce, reuse and recycle” practices by stakeholders. In the era of Industrial Revolution 4.0, economic development is based on data which is generated, stored, transmitted or processed in large volumes. The increasing importance of data warrants treating it at par with other resources on which a country would have sovereign right. The Policy recognizes the importance of data while enabling the domestic industry to benefit from the advantages and opportunities created by electronic commerce. (2)

<p class="AbstractNormalText">The Petroleum Industry does not only consist of exploration and exploitation activities, but there are other activities that are also important, namely lifting activities. The lifting activity is one of the transfer/ shipping activities from upstream (Producer) to downstream (Buyer). One of the lifting activities is the calculation of the amount of oil/condensate, which is a calculation of the calculation and reporting of oil/condensate that is applied in managing the distribution of oil/condensate production from the block station to the point of sale. The importance of this calculation system is due to the amount of lifting that will be reported to the state. This needs to be done well to avoid the wrong amount of value. ASTM (American Society for Testing and Materials) is an international organization that develops and publishes technical standards for various materials, products, systems and services. The lifting job based on the conditions established by ASTM can minimize the possibility of errors in calculation of QAS (Quantity Accounting System), in this case specifically for fluid level measurements in tanks, temperature measurements, methods and techniques for measuring the number of samples, proving job, laboratory analysis (such as Density, BS&W, etc), and the methods that must be used (Flow Meter or Meter Tank Gauging) for QAS input. This paper is made using reference activities that happen in lifting points in Riau Province, North Sumatra Province, and Aceh Province. It is expected to provide more understanding of the necessary of applying the ASTM provisions to lifting activities.</p><p> </p><p> </p>

Technology is changing frontline service scripts. Businesses are now using mobile point-of-sale applications (e.g., Square) and mobile technology (e.g., iPad) to prompt customers for tips. Tip requests are occurring more frequently at the start of service transactions, before any service has been provided. This research examines how requesting a tip either before or after service completion affects customers and service providers. We test the effects of preservice versus postservice tip sequence in four studies (a natural experiment in the field and three controlled experiments) across food and beauty service contexts. Findings reveal that requesting a tip before (vs. after) completing a service leads to smaller tips, reduced return intentions, diminished word-of-mouth intentions, and lower online ratings. Inferred manipulative intent is revealed as the psychological mechanism underlying the harmful effects of requesting a tip before service. Findings suggest that emphasizing the benefits of automated point-of-sale systems can reduce, but not eliminate, the negative effects of preservice tip requests. Contrary to norms within the service industry, we find that service providers should avoid requesting tips before serving customers.