CARD PRESENT IS ALWAYS CHEAPER THAN CARD NOT PRESENT TRANSACTIONS!

​ANDROID EMV CONTACTLESS NFC

​Mahatma Gandhi — 'You may never know what results come of your actions, but if you do nothing, there will be no results.' Operational Efficiency experts offer consultative and implementation support. After assessing and reporting on ways geared towards obtaining operational efficiency, either they can stick around to offer further advice on the way forward, or they can actively participate in implementing change.

Prior to pandemic 90 % of transactions (cc) were being rung up at an instore point of sale (POS ccmach etc)  today, nearly 70% of transactions are rung up elsewhere -  including mobile apps, shopping carts-gateway, curbside & self service kiosk.

​Retail operations is the term used to describe all the activities that keep the store functioning well.  It includes people management, supply chain, store layout, cash operations, physical inventory, master data management, promotions and pricing, and so on.  A retail operation manager   is a professional who is responsible for managing the daily operations of retail stores while maintaining their physical space tidy and organized. ... Manage day-to-day store operations including inventory management, sales generation, and payroll. Break-Even Point becomes elusively challenging with today's employee cost.​ Trick is to do more with less!

AFFORDABLE TABLET SOLUTION TO EVERYDAY PROBLEMS


OUR IN-HOUSE CODING PROFESSIONALS DELIVER AFFORDABLE APPLICATIONS THAT ARE  CUSTOM TAYLOR MADE TO YOUR NEEDS!

ARIES 8 DEVICES HAVE BUILT IN SEMI-INTEGRATED CREDIT CARD PROCESSING MACHINES WITH POINT TO POINT ENCRYPTION! THIS IS AN ALL IN ONE SOLUTION FOR ANY APPLICATION INDOORS OR OUTDOORS!

IMAGINE ALL OF THE POSSIBILIES.....

TECHNICAL SERVICES & Business Consulting ​SEMIINTEGRATION A solutions ORIENTATED COMPANY

 

Free Support

Peter romanofsky

The sunk cost fallacy describes a tendency to follow through on endeavors where time, money, or effort has already been invested. The sunk cost fallacy was first introduced by behavioral scientist Richard Thaler, who suggested in 1980 that “paying for the right to use a good or service will increase the rate at which the good will be utilised.” Psychologists Catherine Blumer and Hal Arkes expanded Thaler’s definition beyond monetary investment, defining the sunk cost fallacy as “a greater tendency to continue an endeavour once an investment in money, effort, or time has been made.”

Why does the sunk cost fallacy occur?

The sunk cost fallacy occurs because decision-making is often irrational and based on emotions. Indeed, failing to follow through on a decision can lead to feelings of guilt, remorse, or shame. 

The fallacy is also related to commitment bias, or a tendency to remain committed to past behaviors despite those behaviors having undesirable outcomes. By failing to understand that the resources expended will never be recovered, the individual makes decisions based on past costs and not on more rational future costs and benefits.

Lastly, sunk cost fallacy may have some relationship with loss aversion. This is a cognitive bias suggesting that the pain of losing something is twice as powerful as the pleasure of gaining something. As a result, people are more likely to avoid losses than seek out gains. In the context of the sunk cost fallacy, the individual equates a loss with not following through on their decision.

​​Taylor thought that by analyzing work, the "one best way" to do it would be found. He is most remembered for developing the stopwatch time study, which, combined with Frank Gilbreth's motion study methods, later became the field of time and motion study. He broke a job into its component parts and measured each to the hundredth of a minute. One of his most famous studies involved shovels. He noticed that workers used the same shovel for all materials. He determined that the most effective load was 21½ pounds, and found or designed shovels that for each material would scoop up that amount. He was generally unsuccessful in getting his concepts applied, and was dismissed from Bethlehem Iron Company/Bethlehem Steel Company. Nevertheless, Taylor was able to convince workers who used shovels and whose compensation was tied to how much they produced to adopt his advice about the optimum way to shovel by breaking the movements down into their component elements and recommending better ways to perform these movements. It was largely through his disciples' efforts (most notably Henry Gantt's) that industry came to implement his ideas. Moreover, the book he wrote after parting company with the Bethlehem company, Shop Management, sold well.  

It can all be had with today's technologies coupled with people that can work with you at a resonable price to make your dreams come true!


Apple co-founder Steve Jobs has a lot of famous quotes. One of them is a counter to the popular phrase, "The customer is always right." ... I think Henry Ford once said, 'If I'd ask customers what they wanted, they would've told me a faster horse. ' People don't know what they want until you show it to them. It is the MERCHANT who must present (show) to their customers (what they want) in the best, clear, concise, & efficient way possible! 


We specialize in the areas that can make this happen for them.


​

From an operations perspective;   your QUEUE wait time and bottom line are related. By increased efficiency you can increase fulfillment per hour numbers. Taylor methodology (Scientific Management) Taylorism a factory management system developed in the late 19th century to increase efficiency by evaluating every step in a manufacturing process and breaking down production into specialized repetitive tasks. (Frederick Winslow Taylor) the best management is true science, resting upon clearly defined laws, rules, and principles, as a foundation. And further to show that the fundamental principles of scientific management are applicable to all kinds of human activities, from our simplest individual acts to the work of our great corporations, which call for the most elaborate cooperation. 

QRC payments are a contactless payment method where customers scan a visual QRC using their mobile application. It looks like a pattern of black squares arranged of a squared grid with a white background. Typically, smartphones can be used to read QR codes.


QR code payment is a contactless payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal.


https://developer.unionpayintl.com/cjweb/business/product/detail/introduction/32

​The trends are in motion & a

 SEAMLESS approach for Semiintegration 

is required in order for future growth!

The sunk cost fallacy

is our tendency to continue with something we've invested money, effort, or time into—even if the current costs outweigh the benefits.

​A seamless customer experience means that whether online, offline or kiosk, the customer sees the same branding, structure, values, and tone. Same 4% surcharge (or cash discount) on credit card transactions either way.  There are many tools and strategies that companies use to provide ease and simplicity for their customers, a  seamless customer journey is all about building a foundation or framework that  allows a business to deliver consistently positive experiences to the people they're doing business with.

PEOPLE WANT BETTER SERVICE WITH MINIMAL PERSON TO PERSON CONTACT (CONTACT LESS NOT MORE [person to person contact] SERVICE)

The Aries8 is a next generation multi-functional tablet that serves a multitude of use cases such SmartPOI (Point-of-Interaction) payment, SmartPOS (Point-of-Sale) operations, and/or for mobile in-store applications such as POS line busting and product ordering. The ergonomic design allows Aries8 to be stand mounted on any industry stand; incorporated into unattended kiosks, or used for Mobile applications. The pistol style handle, vibrant 8” display, and embedded payment module enable retail mobile applications, such as POS/line busting and ordering, as well as consumer applications, like bridal registry and self-service POS.  (gas pump for example)