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Point of Sale (POS) System Definition | Small Business Encyclopedia

Point of Sale (POS) System. Definition: A computerized network operated by a main computer and linked to several checkout terminals. Inventory software ...

Point of sale - Wikipedia, the free encyclopedia

This was the first commercially available POS system with a widget-driven color graphic touch screen interface and was installed in several restaurants in the ...

POS System | Choosing the Right POS System | ShopKeep

Learn what points to consider when choosing a POS System including ease of use & robust reporting. Download our Free Guide to Choosing a Point of Sale ...

Point of Sale (POS) | What is it?

Those terms can include: multi-location management system, retail management software, business management software and Point of Sale (POS) software.

POS System - Point of Sale for Retail Stores - Shopify

Shopify's POS system is the easiest way to manage your retail business and sell in store. Try Shopify POS free for 14 days.

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Mobile POS System | Take your business mobile with Vend ...

Vend is beautiful online & iPad POS software & inventory management. ... Vend & Paypal: the only mobile POS system up to Medisave's busiest days of the year.

POS System Buyers Guide | Choose The Right POS For Your ... - Vend

Looking to invest in a POS system? Make the right choice and avoid common mistakes by following the 7 easy steps in our Ultimate POS System Buyers Guide.

QuickBooks Point of Sale - POS Solutions for small businesses

Accept credit cards in your QuickBooks POS system or from your iPhone, iPad or Android device. Rates as low as 1.45% per PIN pad debit transaction1.

Point of Sale System for Retail, Restaurant & More - Same Day ...

A Point of Sale System includes everything you'll need to get started with POS in your business. Depending on your needs and the type of business you have, ...

POS Systems Review 2014 | Best Point of Sale Systems | Small ...

Oct 28, 2014 ... Looking for the best pos system? We have easy-to-read, expert unbiased reviews and feature comparisons of the best and cheapest systems.

Get a Custom POS System - Revel iPad POS Systems - Revel Systems

Get a "Custom POS System" designed for your business! Call us today: 844-584- 3316 ~ We have more features for business needs, with hardware & software.

POS System | eBay

Find great deals on eBay for POS System in Complete PC-Based Retail Point of Sale Systems. Shop with confidence.

What is a POS System?


A POS system, or Point of Sale system, refers to the location in which transactions are made in a business. The major components of a POS system comprise of the hardware and software needed to run the system, such as the cash register, a computer, credit card processor, and checkout system. The major industries that use POS systems are retail and hospitality, the latter of which includes restaurants, hotels, and beauty salons. Each of these industries have POS systems that are specialized to their needs, and have different capabilities and requirements. For example, the POS systems that the retail industry uses will be different from that of the restaurant industry. It is up to the business owner to decide which POS system will be best suited to his or her business’s needs.

Why use POS systems?

 POS systems provide a variety of benefits for businesses that choose to utilize them. In general, it is advised that businesses consider the use of POS systems if their revenue reaches around $700,000 to $900,000 a year. For businesses below this revenue range, a cash register may be enough to meet their needs, unless they are willing to make the investment needed for POS systems. Some of the benefits that POS systems provide for businesses are:

1. Increased efficiency

POS systems reduce the time that employees spend in maintaining inventory and calculating sales and cash flow. Equipment included in POS systems, such as cash registers and barcode scanners allow employees to quickly process customers and streamline the checkout process. In addition, POS systems reduce the chance of human error, leading to increased sales and productivity.

 

2. Customer Satisfaction

Using a POS system allows employees to rapidly address the customer’s needs. It allows them to process customers through the check-out process quickly and efficiently.  In addition, some of the features of POS systems include the ability to create gift cards, process discounts, and maintain customer loyalty programs. Yet another feature of POS systems is that it can collect customer data that can be further used for specialized marketing and advertising campaigns.

 

3. Reduced Losses

POS systems keep track of inventory and prices of each individual product in the store. A major problem that businesses must address is shrinkage, or the loss of products due to theft, misuse or waste. This computerized system can minimize shrinkage through the ability to track inventory as it moves from storage to checkout.

 

4. Access Real-time Information

With POS systems, employees can instantly access data that gives them information on inventory and sales at any point of the day. For example, POS systems can inform staff members of how much of a product they have sold yesterday, a week ago, or the month before. Another benefit is that POS systems can give alerts when a certain inventory stock runs low, or when a frequent customer has entered the store. 

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