POS (Point-Of-Sale) system

A computer system called a POS (Point-Of-Sale) system is generally used to oversee sales in retail establishments. It consists of hardware elements like a computer, a bar code scanner, a printer, and software to control how the store is run.

Handling sales is a POS system's most fundamental duty. The cashier will begin a new sale transaction when a customer enters a POS counter with items to buy.

When a product's barcode is scanned by the POS system, it retrieves the name and price of that product from the backend catalog system and communicates with the inventory system to determine how much of that product is in stock.

The customer has the option of paying with cash, a credit card, or even a check after the sale. A receipt will be printed following the completion of the transaction. Keep in mind that the store frequently issues gift coupons as a promotion. When buying items, the client can use the coupons to get a better deal.

Theres benefits of procuring a POS system for your business such as 

·      Better Inventory Management

·      Simple Invoicing

·      Quick Payments

·      Better Customer Management

·      Better Customer Orders

·      Better Purchasing / Supplier Order Management

·      Better Customer Experience

·      Better Customer Satisfaction & Loyalty

·      Better Security

·      Better Employee Management

·      Better Promotion Management

·      Better Service

·      Better Company Organization

·      Improve Company Image

·      Regular Updates

·      24/7 Access to Data

·      Simplification of Operations

·      Personalization of Customer Purchases

·      Increase in Notoriety

·      Fewer Errors

·      Increased Efficiency

·      Time-Saving

·      Cost Reduction

·      Increased Revenues

·      Advanced Reports

·      Multi-Store Functions

·      Technical & Technological Support