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With emphasis on cost reduction during a recession, it is easy to lose sight of the actual cost of running a retail business. Retailers need to accurately analyze the cost of capital equipment ownership over its lifetime. What might appear to be short-term cost savings could end up being significantly more expensive in the long-run. Retailers considering purchasing used point-of-sale (POS) systems should consider the following hidden costs of used POS equipment: Firmware/BIOS upgrade requirements, Maintenance certification and testing requirements, Parts consistency and reliability.
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