Point of Sale






The time and place where a retail transaction is completed is called as the point of sale (POS) or point of purchase (POP). The merchant, during the point of sale, calculates the amount owed by the customer, indicates the amount to the customer, prepares an invoice and indicates the options available for making the payment.
POS is also the point at which a customer makes a payment to a merchant for goods exchanged or for the service rendered. Once they receive payment, the merchant will issue a receipt for the transaction, either in printed form or it would be dispensed or sent electronically.
To calculate the amount that a customer owes to a merchant, the latter might use various devices like barcode scanners, weighing scales and cash registers. And to make a payment devices like touch screens, payment terminals and other hardware or software options are used.
POS terminal software may include features like inventory management, CRM, warehousing or financing for additional functionality.
Businesses have adopted this system and one of the main reasons is that POS system does away with the need for price tags. Selling prices are linked to the product code of an item while adding it to the stock. Thus, the cashier needs to only scan this code to process a transaction or sale.

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