WHAT IS POS & WHY POS ?
A Point Of Sale (simply POS) purchase or payment is the specific point in time when a financial transaction takes place through a POS System. For example, if you decide to buy two products and take them to the checkout counter, the staff there would scan the products and create a receipt. At the moment when you pay the items either by cash, card or by digital wallet, a POS purchase happens.
One of the main benefits of POS from traditional register is better management of inventory. Other benefits include greater efficiency, sales reports and trend analysis, employee identification and consistency of the catalog.
POS System involves setting up the hardware, software and the terminals. Hardware has two components such as barcode scanners and display units. Both used to scan a product and view transaction. Apart from these hardware, desktop devices, UPS, and printers are also used.
