How Point Of Sale Works In Business

. Point of Sale system (POS) differs in situation, however, the by-product is always the same. It started in 1950s when it is first referred as storefront (place where goods are purchased). POS is a more advanced and sophisticated form of financial transaction than the traditional cash registers.

Point of Sale System takes in charge on customer order processing, credit card verification and inventory management. An example of a Point of Sale system is the supermarket. Supermarket POS is composed of the checkout counter, cash register and a scanner. The system works when the cost of the item is revealed when scanned. After all of the purchased items of the costumers are being scanned, the system will calculate for the total cost including taxes. Then, the point of sale hardware will generate an official receipt to the customer. On the other hand, Self-serve kiosks have been increasingly used by supermarkets these days. This is a form of Point of Sale strategy where consumers scan their items and automatically display the sales prices of the item. It also determines whatever discounts levied on an item. The system will calculate for the costs, taxes, and offer several methods how consumers would like to pay for the items.

A traditional point of scale uses a stationary computer which has POS software installed. It has peripherals such as receipt printer, mouse, credit card readers, touch screen, drawers and bar code detector. A traditional POS system has hardware and software. The computer and its peripheral comprise the hardware of POS system. Examples of POS software are Linux and Windows. At present, contemporary forms of POS system rises, which are the Web-based POS which makes use of Internet, and Mobile POS that uses smart phones and tablets as mobile computers.

Multiple retail stores and other businesses such as restaurants and hotels have been utilizing POS system. In the system, the information is in sync even in varying locations, keeping it easy to track sales and inventory.

Hence, point of sale system is more advantageous and more convenient than the traditional cash register. It simplifies financial transaction between producers and consumers. POS Managers can analyze and review sales. Because it is computer-controlled, it avoids task duplication and increases efficiency in inventorying items, thus, saves time and money.

by: Bo

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