Point of Sales
In business, Point of Sales or POS refers to the period or place where and when a business transaction takes place and is completed. Following this transaction, the merchant provides a cash invoice to the customer who has to pay the due amount. It also refers to the paid transaction between two parties for any goods and services. After making the due payment, the merchant provides a payment receipt and gives it to the purchaser.
What are the Different Types of POS?
POS system is classified in the three following categories depending on the size and the type of the enterprise, i.e., online, physical or offline, etc.
Mobile POS
Mobile POS or mPOS refers to all the handy electronic devices in which you can visually control and manage data. It is used as a terminal on which a credit card reader can be attached. Such systems are also useful for processes like barcode scanning, payment processes, inventory management, etc.
Terminal POS
One of the conventional and software or hardware-based POS systems. It carries different peripheral elements separately like barcodes scanner, receipt printers, cash drawers, etc. One of the best features of the POS system is that it has an immense capability for inventory management, reporting, and analytics, payment receipting, customer-relationship management, etc. It is best for distributor and channel member’s use.
Cloud POS
It is an online web-processed Point of Sale system that goes smoothly with hardware systems. It is capable of performing all the functions of a Terminal POS except its installation process. Such systems are professionally maintained by the POS vendors.
What are the Key Features of the POS System?
- A POS system prepares bill and process orders scanning items allowing different payment modes.
- It helps to maintain a clear sales record and report for a better understanding of profit and loss analysis.
- POS systems help in the management of inventory and stock by providing higher visibility and accountability.
- POS channel management module functions by accepting cross channel returns, facilitating refunds, etc.
- It gives ideas on customer’s past purchases and interests. It also helps in improving the relationship between the customer and the seller by providing a more personalized experience to buyers as per their interest.
- Sellers can also track the performance of the employees on each POS transaction and can motivate and promote them based on their productivity and input.
- Using a POS system advantage, you can offer loyalty incentives or gift cards to existing customers under your business’ loyalty programs. It inspires them to shop more from you in the future.
10+ Point of Sales Examples
1. Point of Sale Device
If you need a detailed and described document on point of sales systems, we suggest, this template should be in your priority list. This is because, it defines POS aspects minutely with system and software illustration and demonstration. If you are planning or making a file of this sort, leave the idea and refer to this file to save your time and efforts now. and for more templates like this visit our vast template gallery with just one click.
2. Point of Sale Evolution
The point of the sales marketing process has gone through different evolution stages and the outcome we have received is the modern and advanced system of buying and selling. There are many other aspects of it that must be in your knowledge if you are operating a POS system. We have made it easier for your access by defining all in this particular document. Get an insight into the details of POS evolution with just a click on the download button for this template now!
3. Protecting Point of Sale Environments
If you are an aspiring businessman, having a detailed knowledge of every business aspect is important for you. From marketing to sales activities, the processes such operation include must be in your knowldge and understanding. Thus we have prepared this one-stop template infusing all the essential elements of protected POS environment. Have a look at this sample and get it easily if you like the content.
4. New World Point of Sale
The POS systems we use today are way more evoluted than the conventional systems. The new world POS has its different advantages and disadvantages. To know more about it, get the sample with only one click on the dowmload button now!
5. Mobile Point of Sales and Presentation
6. Infor Smart Series Point of Sales
7. Electronic Point of Sale Payment Terminal
8. Point of Sale Conversion
9. 6 Ways to Right Point of Sales System
10. Real Time ERP Data with Integrated Point of Sales
11. Point of Sale Questionnaire
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