2. Based on the addition of the word “Co-operative”, is CPOS only exclusive to the co-operatives? Not really. The use of the word “co-operative” is part of a branding strategy for promoting co- operative products to co-operative market and non-cooperative market. CPOS is ideal for most retail businesses such as beauty centers, vehicle workshops, bookstores, café and pet shops. Even with the addition of the word “co-operative”, CPOS is able to compete in the market with various other brands of POS system. 3. CPOS is seen as a facilitator in conventional trading. What distinguishes it from other POS systems? CPOS can be adapted to most retail businesses. Compared to conventional business practices, all business information and transactions are recorded manually and it is difficult for owners to make references and know their business performance. CPOS solves all these conventional problems with the help of cloud functionality in line with today’s digital development. CPOS also assist business owners to analyze sales data and plan sales strategies.
In line with the rapid development of technology, especially in terms of Internet of Things (IoT), it is time for co-operatives in the country to increase digital take-up. Digital usage is not only necessary in co-operative management practices, but can also be applied in the delivery of services or products to users. It can also be applied in service delivery to members of the co-operative itself. For example, co-operatives are encouraged to have a membership system and use mobile applications as mediators between co-operatives and members. This practice can save time, cut operating costs and improve delivery efficiency. KOPONAS is ready to assist any co-operative who wishes to upgrade its services with digital usage either through web or mobile applications. 6. What are the expectations that you personally want to achieve or see in relation to the achievements gained in this industry, especially towards the CPOS development program? The digital revolution is unstoppable. If co- operatives want to remain competitive in the market, they must adapt the use of technology and digital in the co-operative administration when delivering their product or service to consumers. By transitioning from traditional POS to cloud- based POS, it shows they are embracing digital transformation.
4. How can CPOS help to increase and expand business governance?
By using the CPOS system, business owners are visible to their business transactions at all times. As every transaction detail and business data are available at any time, this would allow business owners to carry out business progress analysis at their fingertip. In addition to sales reports, they can also quickly track inventory levels to enable them to make business decisions quickly and accurately. CPOS also has the feature of recording the cost of buying and selling that allows them to know about business profitability. 5. In general, what is your opinion on the development and performance of the digital economy in the governance of the country’s Co-operative Sector?
60 PELANCAR March 2019
60 PELANCAR March 2019
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