PHOTO - (from left) Daisaku Takeuchi, managing director of NEC Corporation of Malaysia introduces the latest NEC TWINPOS G Series together with Lawrence Ang, general manager of NEC Corporation of Malaysia.
IT solutions provider NEC Corporation of Malaysia (NEC Malaysia) has launched two new point of sale (POS) terminal solutions that will help reduce total cost of ownership [TCO], it said.
NEC Malaysia managing director Daisaku Takeuchi during the launch in Malaysia on 1 November said the new solutions - TWINPOS G Series: G5 and G7 models - were developed based on knowledge acquired through years of successful deployments for global retail and service companies and to meet the expanding retail markets in the country.
Takeuchi said that according to the Malaysia Retail Report fourth quarter, 2011, by Business Monitor International (BMI) in August 2011, total retail sales are expected to grow to RM279.83 billion (US$79.44 billion) by 2015, from the current RM182.44 billion (US$51.79 billion). Rising disposable incomes and a strong tourism industry are key factors behind the forecast growth. The food retail segment is expected to have a market share of 28.4 percent in 2011, forecast to be worth US$14.69 billion in 2011, and sales are expected to grow to US$17.96 billion by 2015.
He added that Malaysia was becoming one of the more established mass grocery retail markets in Asia, and industry sales were expected to increase by 36.7 percent to reach US$6.93 billion in 2015, on the back of the country's growing affluent middle and upper-income consumer base.
Takeuchi said key features of the TWINPOS G Series that contributed to reducing TCO (total cost of ownership) included reduced maintenance costs due to enhanced serviceability, and high reliability and parts could be replaced without the need for tools or specialised maintenance staff, resulting in about 70 percent reduction in the time taken to effect on-site part replacements.
"With rising disposable incomes and a strong tourism industry driving the growth of the Malaysian retail industry, NEC is leveraging its experience to support our retail and service industry customers through our 'G Series', as an easier POS choice that helps reduce TCO for retail and service industry customers across the country as they expand the scale of their businesses geographically," he said. "Moreover, as more and more people ride on cloud and cloud-related services, we also expect our customers to change their mode of operations from the conventional methods of managing their workflow and data from a localised system, and move their operations onto the cloud."
Sign up for MIS Asia eNewsletters.