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Point of Sale (POS)

Point of sale (POS) is the location at which the customer makes the purchase. Simply put, it is the place at a store where you take out your wallet to accomplish the purchase. Usually, a modern-day point of sale accepts credit cards, debit cards, cash, mobile banking. Take a look at the example of POS at a coffee shop:
Ассорти, витрина, вкусностиPOS consists of two key components. Software and hardware. They are essential to get your POS up and running. Let’s now take a look at hardware components of POS:
  • Monitor/tablet.  It displays the product database. It also shows employee clock-in and viewing sales reports. 
  • Barcode scanner.  It is responsible for the checkout process. 
  • Cash drawer. A secure place to keep cash for transactions.
  • Credit card reader. It allows customers to pay with a credit/debit/smart card.
  • Receipt printer. Though email and text receipts are rising to prominence, paper receipts remain essential.
  • PIN pad. That is a keypad where clients print down their PIN codes. That is how a PIN PAD looks like:

 

PIN pad приветствие

Now, let’s list down the software components of the POS:

  • Sales reporting. It records and analyzes your sales volumes.
  • Customer management. Allows keeping in touch with a customer thanks to marketing tools (emails, sales, e.g.)
  • Employment management. The software tracks your employees’ working hours. It also monitors their sales, which allows you to see the top performers.
  • Inventory management. It manages when and how often you need to reorder products. 
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