Point of Sale System
Point of sale (POS) system is the spot where
your customer makes the payment for goods or services that are offered by your
company.
Point of sale systems are systems that enable the business
transaction between the client and the company to be completed. POS system is a
computerized network that consists of the main computer linked with several
checkout terminals and supported by different hardware features starting from
barcode scanners and ending with card payment terminals.(POS System, What is It? | Point of Sale
Systems | Erply, 2015)
What input and output devices are found at POS
terminals?
Input devices
- Barcode reader - to scan item bar codes
- Keyboard - to type
barcode number in case barcode doesn’t scan correctly
- Chip and PIN reader - used by customers to enter PIN number
for electronic fund transfer (EFT) payments
- Magnetic Stripe Reader - used scan customer loyal cards (Tesco
club card, Shukran card etc.)
Output devices- Monitor - to view
scanned items
- Speaker - to
output sound that item has been scanned properly
- Printer - to
print the customer receipt(haslab IG ICT,
no date)
Advantages of POS System
- Increase business efficiency – time saving in managing bills and orders, and sales
report generated in convenient way. It also increases the efficiency of daily
sales environment by using different features such as barcode scanners or
e-wallet payment terminals.
- Inventory control –
integrated system, can automatically generate a purchase order and reorder
items (when the quantity less than certain unit). It reduced the amount of
work, reduce time of work, at the same time can increase profit margins.
- Ease of use
– user friendly system, with simple GUI makes it easy for employees to learn,
shortening training time, help employees to be more productive.
- Greater accuracy
- Reporting features
- Detailed Receipts
- Faster service(‘Point of Sale Advantages: Top 10 Reasons POS Systems are Better Than Cash Registers -’, 2010)
REFERENCES
- haslab IG ICT (no date). Available at: http://haslab.co.uk/IG%20ICT/unit6_IT_apps_13.html (Accessed: 24 November 2019).
- ‘Point of Sale Advantages: Top 10 Reasons POS Systems are Better Than Cash Registers -’ (2010), 28 August. Available at: https://pointofsale.com/top-ten-reasons-point-of-sale-systems-are-better-than-cash-registers/ (Accessed: 24 November 2019).
- POS System,
What is It? | Point of Sale Systems | Erply
(2015) Erply Retail Software. Available at:
https://erply.com/pos-system/ (Accessed: 24 November 2019).
