Point Of Sale Research Articles

Artwork pricing model integrating the popularity and ability of artists

AbstractConsiderable research has been devoted to understanding the popularity effect on the art market dynamics, meaning that artworks by popular artists tend to have high prices. The hedonic pricing model has employed artists’ reputation attributes, such as survey results, to understand the popularity effect, but the reputation attributes are constant and not properly defined at the point of artwork sales. Moreover, the artist’s ability has been measured via random effect in the hedonic model, which fails to reflect ability changes. To remedy these problems, we present a method to define the popularity measure using the artwork sales dataset without relying on the artist’s reputation attributes. Also, we propose a novel pricing model to appropriately infer the time-dependent artist’s abilities using the presented popularity measure. An inference algorithm is presented using the EM algorithm and Gibbs sampling to estimate model parameters and artist abilities. We use the Artnet dataset to investigate the size of the rich-get-richer effect and the variables affecting artwork prices in real-world art market dynamics. We further conduct inferences about artists’ abilities under the popularity effect and examine how ability changes over time for various artists with remarkable interpretations.

Rancang Bangun Sistem Informasi Manajemen Penjualan Kopi Pada Coffee Shop Konamu Menggunakan Sistem Point Of Sale

The purpose of this research is to develop a coffee sales management information system at the KonamuCoffee Shop using a Point of Sale system to increase efficiency in sales management. The method used in thisstudy is the system development life cycle method, starting from system requirements analysis, system design,system implementation, to system testing. In the system requirements analysis stage, assistance is providedfor the problems faced by Konamu Coffee Shop in sales management. Furthermore, a system design is carriedout using the Point of Sale system to facilitate the transaction process and sales management. The result ofthis research is a coffee sales management information system that is integrated with the Point of Sale system.This system can assist Konamu Coffee Shop in managing sales transactions, as well as generating sales andfinancial reports. With this system, it is hoped that the Konamu Coffee Shop can increase efficiency inmanaging coffee sales.

Cash holding by consumers: The role of the perceived characteristics of money

AbstractThis study examined why consumers who typically pay electronically at points of sale still carry cash and explained the inertia of demand for cash by considering the additional (perceived by consumers) characteristics of cash. The research was motivated by the growing discussion on why cash, despite the increasing importance of e‐payments, remains a significant part of the demand for money. The study focused on psychological factors and consumers' perceptions of certain features of cash, which make it an attractive additional option for precautionary reasons, and therefore, explored beyond the typical discussion of money as a means of payment. The structural equation modeling based on data collected as part of a survey of Polish consumers was used to verify the hypotheses. It was revealed that cash becomes a reserve solution for consumers, which is kept “just in case” to expand the scope of personal freedom and flexibility in making payments and protect against various potential restrictions and threats related to e‐payments. Consumers' holding of cash as an additional option depends on three key factors: attitude toward cash, particularly the flexibility it offers, unusual purchasing situations, and perceived card or mobile payment risk, considered as a moderator. In the debate on the future of cash, the study supports the position that cash has a place in the modern payment system, although it plays a different role. Cash is a supportive backup solution. Eliminating cash significantly reduces consumer welfare.

The Effect of Electronic Banking on the Performance of Deposit Money Banks Listed in Nigeria

Despite the relatively recent arrival of electronic commerce in Nigeria, its popularity is snowballing. Over the years, it has steadily risen, advancing rapidly throughout the spectrum of financial intermediation and markets. Having a high-speed telecommunications network or a computerized information system has undoubtedly allowed banks to deliver new products and services by using new channels. In this study, we aimed to determine whether electronic banking affects the performance of Nigeria’s deposit money banks. We examined the audited financial statements of 10 deposit money banks listed on the Nigerian Stock Exchange in 2011–2020 to extract secondary data. As well as journals, textbooks, and the CBN Bulletin, other public resources were used for the study. The findings revealed that e-banking had a positive and significant effect on the performance of listed Deposit Money Banks in Nigeria, as measured by Automated Teller Machines (ATMs), Point of Sales (POS), Internet Banking (IB), and Mobile Banking (MB), as measured by return on equity (ROE) and return on assets (ROA) (ROA). On the other hand, e-banking does not significantly affect Earnings per Share (EPS). The study recommends that for effectiveness in electronic banking, there should be rigorous campaigns and awareness for clients to patronize e-facilities. Banks should further invest in Information technology given the disruptive trend of emerging financial solutions in Fintech.

Evaluation of Food Security Status and Mediterranean Diet Adherence of Air Services Employees in İstanbul, Türkiye

Objective: Since airports operate in foreign currency and are far from cities, employees could be limited to purchase food and beverages from more expensive sales points. Additionally, air services employees may be at risk for poor nutritional status due to job-specific unhealthy dietary habits and lifestyle behaviors. Yet, air services as workplaces have been understudied in terms of nutritional environment. Hence, in this study the aim is to assess food security (FS) and Mediterranean diet adherence (MDA) among Atatürk and Istanbul airports’ employees. Methods: The face-to-face cross-sectional study was conducted with a non-probability sample of 381 employees that were recruited between February and May 2022. FS was assessed with Food Insecurity Experience Scale and MDA with Mediterranean Diet Adherence Screener (MEDAS). Regression analyses were conducted to analyze the independent variables affecting FS. Results: MDA was found to be 7.6±2.07 and most of the participants were within a moderate adherence range. While 14.6% (n: 55) of the participants have moderate or severe food insecurity, 2.9% (n: 11) have severe food insecurity. The regression analyses revealed the factors affecting food insecurity as education, income, smoking, use of medication, and dieting status (p

An approach to brand planning under high competitor set variation

We present a novel approach to enable parsimonious local brand planning in situations where a brand’s competitive set varies substantially across points of sale. We conceptualize the entire assortment of products from all the rivals at a point of sale as a unique, holistic unit of competition that vies with the focal brand for a share of the local market. We then apply a mixture-type model to consumer transactions data to explicate clusters of assortments within which a brand has similar levels of sensitivity to assortment composition and local marketing mix activities. Our results reveal substantial variation in these assortment clusters across brands within a product category. Additionally, we find large variation in the sensitivity of a brand’s share to local marketing instruments, and asymmetry in the effectiveness of these instruments in offensive versus defensive modes. We use these findings to provide guidance for parsimonious local marketing planning in situations where competitive assortments vary across points of sale.

Investigation of Marketing Strategies of Ornamental Plants in Konya Province

The aim of this study is to examine the marketing strategies of ornamental plants in Konya province, to determine the target markets that the sector can best serve, and to evaluate all the components that can contribute to the development of the sector on a provincial basis. In this context, the sales and marketing strategies of the companies producing and selling in Konya province were identified, suggestions for improvement were presented and the potential of ornamental plants in the region was determined. It is believed that the study will make an important contribution to the literature in this area. The main body of the research consists of ornamental plant companies selling in Konya province. In order to answer the questions of the study, a face-to-face survey was conducted with 32 operators representing the main mass. Porter’s Diamond model was used to evaluate the competitiveness. As a result of the analysis of the data, it was observed that the competitiveness of the companies is low and they are not looking for alternative markets. The lack of legislation defining the sector, the problem of organisation, the fact that they consider their income to be sufficient and the lack of information at the point of sale are the main obstacles to competitiveness. In fact, the main priority for a company is to gain a competitive position in order to increase profit margins. For this reason, companies need to evaluate the opportunities that may present themselves, develop strategies to add value to customers in the long term, and determine strategies to be close to the market in order to create new markets.

Promotional Inventory Displays: An Empirical Analysis Using IoT Data

Problem definition: Despite their widespread use, promotional inventory displays’ campaign execution is opaque. Brands (manufacturers) can only verify in-store display presence through manual, on-site audits, which are costly and limited in scope. This lack of visibility into execution makes it difficult for brands to quantify the sales impact of displays and properly evaluate campaign performance. Methodology/results: We use Internet-of-Things (IoT)-generated data on the real-time location of about 15,000 displays from 10 display campaigns in about 5,000 stores of a Fortune 500 retail chain, paired with the stores’ point-of-sale (POS) data between September 2017 and March 2018, to measure the operational execution and effectiveness of display campaigns. First, we find that campaigns are poorly executed: 29% of displays never made it to a store’s floor, and those that made it only spent 62% of the campaign there. Second, we find that poor execution deprives brands of substantial sales, especially during campaign weeks: placing a display on the floor during an arbitrary week increases the targeted products’ sales by 7.3%, and placing it on the floor during a campaign week boosts sales by another 2.3%. Managerial implications: Our results enable brands to optimize investments in promotional display campaigns and execution. We project that brands would suffer a 3.1% dollar sales decrease during campaign weeks by discontinuing current campaigns. However, they could achieve up to a 6.9% dollar sales increase during campaign weeks through improved execution. Supplemental Material: The online appendix is available at https://doi.org/10.1287/msom.2022.0291 .

CANTEEN MANAGEMENT SYSTEM : THE FINAL PROJECT

ABSTRACT : A sophisticated digital solution called the School Canteen Management System (SCMS) was created to streamline the management and operations of school canteens. Essential functions including menu planning, user account administration, inventory management, point of sale (POS), and extensive reporting and analytics are all included in this system. Through process simplification and automation of repetitive tasks, the SCMS increases productivity, lowers error rates, and enhances user experience. Faster service, precise financial tracking, improved stock control, and the capacity to satisfy dietary requirements and preferences are some of the main advantages. In the end, the SCMS ensures convenience and happiness for students, staff, and parents by helping to create a more orderly, transparent, and user-friendly cafeteria environment. INDEX TEARMS – Frontend development HTML, CSS, JavaScript, react js, Database management, mongodb, Chatgpt.

RESTAURANT MANAGEMENT SYSTEM

Abstract— The restaurant industry is a dynamic and competitive field that requires efficient management to ensure success. This research paper introduces a Restaurant Management System (RMS) designed to streamline various aspects of restaurant operations, including order processing, inventory management, staff scheduling, and customer engagement. The system leverages modern technologies to enhance efficiency, reduce costs, and improve overall customer satisfaction. The primary objectives of the IRMS are to automate routine tasks, optimize resource utilization, and provide real-time insights for data-driven decision-making. The system integrates seamlessly with existing restaurant infrastructure, offering a user-friendly interface for both restaurant staff and management. The system is implemented to reduce the manual work and enhances the accuracy of work in a restaurant. This system manages and maintains the record of customers and their order online. This Android App has been made in a user-friendly interface. So that Customer can add and delete the food items easily. The menu card of the restaurant consists of various food varieties available in the restaurant. Through the place ordering menu, the customer can simply click on and order the food. The billing system prepares the bill according to the food. This system entirely reduces the unnecessary time and man power. This system increases quality and speed of service. This system also increases attraction of place for large range of customers Index Terms – Restaurant Management System, Integrated System, Order Processing, Point of Sale (POS), Inventory Management, Performance Monitoring, User Interface.

UNRAVELING THE NEXUS BETWEEN DIGITAL BANKING TRANSACTIONS AND BANK PROFITABILITY: INSIGHTS FROM TURKEY'S DEPOSIT BANKS

This study estimates the relationship between digital banking transactions and bank net profit through regression analysis using the data of deposit banks in Turkey between 2011 and 2021. The data from 11 Turkish banks are analyzed with the least squares method (OLS) in the Stata package program. For this purpose, the relationship between digital banking transactions and bank net profit is estimated by constructing three models. In the first model, online banking transactions have a positive effect on bank profitability. The number of internet banking customers, the number of Automated Teller Machine (ATM), and the number of Point of Sale (POS) are found to have a negative effect on net profit, but these coefficients are not statistically significant. In the second model, mobile banking transactions have a positive effect on bank net profit. ATM has a positive and statistically significant effect on bank net profit, while the number of POS has a negative coefficient on bank net profit, but this coefficient is not statistically significant. In the third and last model, the digital banking transactions have a positive effect on the net profit of the bank. ATM and POS numbers have a negative effect on bank net profit, but these coefficients are not statistically significant. In conclusion, both internet and mobile banking transactions have a positive effect on bank profits in Turkey. Digital banking transaction, which is a combination of internet and mobile banking transactions, is also found to have a positive effect on bank profits. Additionally, it has been revealed that internet banking services contribute more to bank profits than both mobile and digital banking services.

Environmental Repercussions of Craft Beer Production in Northeast Brazil

Beer is the most widely consumed alcoholic beverage in the world, and the craft beer market has been continuously growing in recent years. The objective of this study is to detail the production of craft beer and quantify its environmental impacts. The microbrewery is located in João Pessoa, northeast Brazil, and produces 180,000 L/year. The life cycle assessment methodology is employed, and 16 environmental indicators have been selected. Two environmental impact assessment methods are used: IPCC 2021 GWP 100y and ILCD 2011 Midpoint. The results indicate that the best packaging options (lowest environmental impacts) are 10 L stainless-steel kegs and 330 mL aluminum cans. The primary hotspot is the distribution to the points of sale, which employs diesel vehicles. When electric vehicles substitute diesel ones, the environmental impacts are three times lower. The adoption of electric mobility and increasing the consumption of local products are two strategies that can be explored to further mitigate the environmental impacts associated with craft beer.

Uncovering the digital payment divide: Understanding the importance of cash for groups at risk

AbstractThe transition to digital payments is an ongoing trend, yet cash remains important for a substantial and diverse group of individuals. This emerges from a study using rich payment diary data of Dutch consumers. A total of 7% of the respondents report always using cash at points of sale and 28% indicate they cannot do without cash. Cash is especially important for people with low digital literacy, people who are blind or visually impaired, people with limited or no hand function, people with a mild intellectual disability and people who find it difficult to make ends meet on their income. Even though many parties involved in the payment industry are developing their payment solutions to enhance accessibility for a broader audience, there will continue to be people for whom the use of digital payments poses significant challenges. It is therefore essential that cash remains accessible and available.

Pelatihan Pencatatan Akuntansi Penjualan Melalui Aplikasi Point Of Sales (POS) Pada Umkm Industri Fesyen Di Kota Bandung

Technological developments and competition in the fashion business are increasingly rapid, companies must be able to adapt quickly to changes. Technological transformation is the right step to respond to the changes that occur. Companies and individuals within them are required to carry out digital transformation. The aim of this activity is to provide education and training in order to improve the ability of MSME players in implementing point of sales (POS) applications in one of the fashion companies (clothing lines) in Bandung City, West Java Province. The method used in this training is in the form of a seminar or workshop with 20 participants and is carried out over two days. The main theme in this training activity is to find out the impact of implementing the point of sales (POS) application on sales figures and the impact of implementing the point of sales (POS) application on company profits. Not a few companies have implemented the use of point of sales (POS) applications to be able to adapt to these changes. Digital transformation cannot be done that simply, but requires understanding and how to manage digital transformation effectively. The benefit of research is to provide references and information to stakeholders in the fashion company (clothing line).

Differences in the adulteration degree and antimicrobial activity of chilean ulmo honey versus multifloral honey revealed by stable isotope analysis

Honey, valued for its nutritional and antimicrobial benefits, has experienced an increased production in recent decades. However, this rise has been accompanied by concerns of adulteration, often involving the fraudulent addition of sugars. Our study sought to compare the physicochemical and isotopic properties of various honeys available to Chilean consumers, assessing the extent of adulteration. Samples included honey produced from bees that fed on multiple flowers and those fed by ulmo flowers – an endemic species of South America that produces a high-quality, high-cost honey – and analyzed for antimicrobial activity against Escherichia coli, Staphylococcus aureus and Pseudomonas aeruginosa. The analysis of ash content (%), moisture (%), pH and total phenolic content (mg GAE/100 g honey) found little obvious differences among honeys regardless of the feeding flowers (multifloral vs ulmo), type of purchase market (formal vs informal) or origin of the honeys (Central vs Southern Chile). However, the use of stable isotope analysis (δ13C and δ15N) of honey provided a powerful means to identify the degree of adulteration prior to the point of sale. Multifloral honeys purchased at informal markets were all adulterated, and ulmo honeys included both the least and most adulterated honeys. Regarding their antimicrobial activity, most multifloral honeys were less effective than ulmo honeys. Notably, while multifloral honey activity was independent of adulteration, the antimicrobial activity of ulmo honey was negatively affected by adulteration.

ADVANCING POS SYSTEMS FOR SEAMLESS RETAIL EXPERIENCES

This research paper explores the significance of advancing point of sale (POS) technologies in modern commerce, with a focus on their role in improving business operations and enhancing customer experiences. POS systems serve as critical tools for businesses across various industries, facilitating transactions, managing sales processes, and providing valuable insights into business performance. The paper delves into the evolution of POS systems, from traditional cash registers to sophisticated digital solutions, and examines the current state of POS technology, including hardware and software components. Moreover, it discusses recent trends and advancements in POS innovation, such as the integration of emerging technologies like artificial intelligence (AI) and Internet of Things (IoT), and their implications for businesses. Through empirical research, case studies, and expert analysis, the paper aims to provide insights into the benefits and challenges of adopting advanced POS technologies, as well as recommendations for businesses seeking to leverage these technologies to drive growth and improve operational efficiency in today's dynamic market place. Keywords- Point of Sale (POS) Systems, Advancing Technologies, Retail, Business Operations, Customer Experience, Emerging Technologies, Artificial Intelligence (AI), Internet of Things (IoT), Payment Processing, Inventory Management, Cloud-based POS, Customer Engagement, Digital Commerce, Innovation, Competitive Advantage.

A Markov network approach for reproducing purchase behaviours observed in convenience stores

The convenience store industry in Japan holds immense significance, making a thorough comprehension of customer purchase behaviour invaluable for companies aiming to gain insights into their customer base. In this paper, we propose a novel application of a Markov network model to simulate purchases guided by stopping probabilities calculated from real data. Each node in the Markov network represents different product categories available for purchase. Additionally, we introduce the concept of a “driving force,” quantifying the influence of purchasing product A on the likelihood of purchasing product B, compared to random purchasing. For instance, our analysis reveals that the inclusion of nutrient bars in a purchase set leads to, on average, a 13% reduction in tobacco purchases compared to random patterns. To validate our approach, we compare the simulated macro-level purchase behaviours with real point of Sale (POS) data obtained from a prominent convenience store giant, 7-Eleven. The dataset is comprised of roughly 54 million receipts, in which we focus on the product categories existing in this dataset rather than individual products. Our model successfully replicates the purchase size distribution for 99.9% of all purchases and the purchase counts across various product categories, demonstrating its efficacy in capturing broad purchase patterns.

SISTEM APLIKASI POIN OF SALE (POS) UNTUK PENJUALAN TOKO NAILA COOKIES BERBASIS JAVA

The Java-based Point of Sale (POS) application system was created to increase operational efficiency and transaction accuracy at Naila Cookies Shop. This system automates sales processes, inventory management, and financial reporting, aiming to speed up the checkout process, minimize errors, and provide real-time sales data. Utilizing Java as the main programming language with an object-oriented approach ensures scalability and ease of maintenance. Additionally, the system has a user-friendly interface to facilitate fast and efficient transactions for store staff. Testing shows important improvements in transaction speed and accuracy, potentially reducing long-term operational costs. These findings show the positive impact of the appropriate use of information technology on retail store operations.

Effect of Electronic Payment System on Marketing Performance of SMEs in Akwa Ibom State, Nigeria

Although the electronic payment system is regulated, in some instances, most SME owners tend to perceive the new system as a threat due to the high rate of cybercrime, network issues, hanging of transactions, and poor description of payer identity, among others. This study examined the effect of the e-payment system on the marketing performance of selected small and medium-scale enterprises in Akwa Ibom State, Nigeria. primary data were gathered through a questionnaire administered to owners/managers of SMEs in Akwa Ibom State. The independent variables were the e-payment system (proxied via bank mobile app, POS and digital mobile app) and the dependent variable was performance (proxied via customer patronage). Data obtained for the study were analyzed with descriptive and inferential statistics. Findings showed that POS, Bank mobile app and Automated Teller Machine (ATM) were mostly used which ranked 1st, 2nd and 3rd respectively. Digital wallets, credit card online transactions and the use of crypto-currency for business were ranked 4th, 5th and 6th respectively. The study revealed that the Bank mobile app, use of point of sales (POS) machine, and Digital wallet app have significant effects on customer patronage of small and medium-scale enterprises. The study concluded that the introduction of the e-payment system (cashless policy) has a significant influence on the operation, performance and customer patronage of small and mediumscale businesses in Akwa Ibom State. It was recommended, among others, that SME operators should be trained on how to use electronic payment systems such as electronic fund transfer, mobile banking, internet banking and online remittance.

Web-Based POS with Apriori Market Basket Analysis

This research project focuses on the design and development of a web-based Point of Sale (POS) application that incorporates advanced analytical techniques, specifically Market Basket Analysis with the Apriori algorithm and the Association Rule method. The primary objective of this web-based POS system is to empower retailers in managing their sales transactions efficiently and gaining valuable insights into customer purchasing behavior. The web-based POS application is multifaceted, offering features such as sales transaction recording, product inventory management, and customer data tracking. What sets it apart is the integration of the Apriori algorithm and Association Rule method, which enable the system to analyze and understand customer purchasing patterns. It identifies strong product associations and establishes rules that support intelligent decision-making for businesses. The advantages of Market Basket Analysis are substantial. Retailers can identify relevant purchase patterns, such as frequently co-purchased products or cross-selling opportunities. This information can be used to enhance marketing strategies, optimize product placement in stores, and create bundled product offerings, ultimately boosting sales and revenue. By analyzing transaction data and recognizing patterns, retailers can streamline their operations, minimize wastage, and allocate resources more effectively. In summary, this research project showcases the transformative potential of integrating Market Basket Analysis, the Apriori algorithm, and the Association Rule method into web-based POS systems. By doing so, retailers can enhance operational efficiency, boost sales, and improve customer satisfaction, ultimately leading to more successful and competitive businesses in the retail sector.