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Point Of Sale Systems Essay

1290 words - 6 pages

Point of sales system
POINT OF SALES is a system allowing business transactions to be monitored, and also therein facilitating tasks that would otherwise be time-consuming (if done manually) such as monitoring stock, inventory managing and etc. Point of sale also refers to the capturing of data and customer payment information at location (counter) when goods or services are bought and sold. The POS transaction is captured using a variety of devices which include computers, cash registers, optical and bar code scanners, magnetic card readers, or any combination of these devices.
What can Point Of Sales System do?
* track all elements of each order, from payment to design details to ...view middle of the document...

Trends can be identified to reduce buying mistakes. In multi-store environments the central office can see the differences in item movement from store to store, making it easy to account for local or regional preferences.
* Reduce "Out of Stock": Low stock reports and purchase orders are produced automatically with enough lead time to receive goods.
* Size / Color Matrix: Because a size / color table can be attached to any SKU (Stock Keeping Unit), only one SKU is needed, yet sales tracking by size and color is enabled.
* Sales by Measure: For example, sales of 2x4 lumber need only have a single SKU, yet be sold in units of 4ft, 8ft, 16ft or other lengths.
* Rentals can be handled by the same system, including combined rental / sales (rent sander, sell sandpaper, deduct unused sandpaper on return).
* Layaway: Items can be set aside and deposits tracked by the system.
* Multiple forms of payment: Any mix of credit card, checks, store credits or what have you can be applied to a purchase.
* Credit Card Clearing can be integrated with the POS system. No expensive clearing terminals to rent or buy, and magnetic scanners can be integrated with the keyboard. The credit card signature form is printed by the same printer that produces the register receipt.
* Logos on register receipts improve the image of your business.
* Full Size Invoices instead of register receipts can be printed for "big ticket" items - from the same screen.
* Price Tags / Shelf Tags can be printed on receiving stock to eliminate pricing and SKU identification errors.
* Order Entry: For a business that handles both Point of Sale and Order processing (mail order, wholesale, etc.) only one system is needed and both methods are perfectly integrated.
* Bar code Integration: Various bar code reading devices can be used in conjunction with shelf stocking, warehousing and at the sales terminal to speed entry and greatly reduce human error.
* Warranty Tracking: Time and date of purchase are automatically recorded and can be retrieved from the system within seconds. Warranty issues can be easily handled by stores other than the one where the purchase was made.
* Serial Number Tracking: for major items where tracking the individual unit is essential.
* Special Pricing: Sales and specials are easy to control. Begin and end dates can be assigned to products or product groups and the system will automatically handle them.
* Customer Groups: If you offer senior citizen discounts or discounts to club members or other groups, their discounts will be automatically applied. If they don't mention the discount until the transaction is nearly complete, it can still be back applied without voiding the order.
* Contract Pricing: A particular customer can be assigned special pricing, which will be automatically applied to sales to that customer without intervention by the person doing the sale.
* Progressive Discounts: Customers can...

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