What is a point of sale (POS)?

Point of sale (POS) 

- the time and place where the purchase and sale. At the point of sale, the seller issues an amount to the buyer, can prepare an invoice (a commercial document issued by the seller to the buyer concerning the sale and indicates the products, quantity, and agreed prices for products or services provided by the seller to the buyer) and indicates options payment for the client. In turn, the customer makes a payment to the seller in exchange for goods or after the provision of services. After receiving the payment, the seller issues a receipt for the transaction.

Payments are available through payment terminals and other hardware. To calculate the amount owed to the customer, the seller uses various devices such as scales, barcode scanners, and cash registers, or POS systems.

POS-system is a system that allows you to process and register transactions between the company and its customers when purchasing goods and/or services.

 

Advantages of the POS system

 

POS systems provide inventory management, CRM, financial services, or warehousing.

POS-systems can process cash transactions, distribution, and planning of facilities, accounting, and planning of services provided to customers, tracking of goods and processes (repair or manufacture), invoicing and tracking of debts and outstanding payments.

POS systems eliminate the need for price tags. Sales prices are related to the product code when adding stock, so the cashier only needs to scan this code to process the sale. If the price changes, this can be done through the inventory window.

POS systems also allow the introduction of various types of discounts and loyalty schemes for customers. POS systems allow you to more effectively control stocks, and these features are common to all modern POS systems.

POS systems have high and stable speed, reliability, ease of use, remote support, low cost, and rich functionality.

 

Versatility of POS-systems

 

POS systems are designed not only to serve the retail, wholesale, and hotel industries. POS systems are also used in rental and property rental companies, equipment repair shops, health departments, ticket offices such as cinemas and stadiums, and many others.