POS stand for (Point Of Sale or Point of Service). The term is applicable to a retail shop or store, the checkout/cashier counter in the store, or a location where such transactions can occur in this type of environment. It can also apply to the actual Point of Sale (POS) Hardware & Software including but not limited to : electronic cash register systems, touch-screen display, barcode scanners, receipt printers, scales and pole displays. Point of Sale Systems are utilized in many different industries, ranging from restaurants, hotels & hospitality businesses, nail/beauty salons, casinos, stadiums, and let's not forget - the retail environments. In the most basic sense, if something can be exchanged for monetary value - a Point of Sale System can be used.
You can analyze sales data, figure out how well all the items on your shelves sell, and adjust purchasing levels accordingly. * You can maintain a sales history to help adjust your buying decisions for seasonal purchasing trends. * You can improve pricing accuracy by integrating bar-code scanners and credit card authorization ability with the POS system.
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