What is Retail POS System?
A retail POS system is a set of software and hardware. The software is a computer program designed to allow a retailer to use a computer to track inventory, control sales, and manage the business day to day. The best retail POS system also allows you to keep track of your customers and what they bought.
Retain POS software was originally written for desktop computers, but as technology has improved, it has been modified for handheld devices. The hardware is the physical equipment used to operate the software and consists of a terminal, touchscreen, bar code scanner, and receipt printer.
The terminal is the computer screen where the order is processed. The touchscreen is the device where the user will enter information.
The retail POS system is the system that is used in a retail shop or a store to manage sales, inventories, and other day-to-day operations.
This system is essential because it helps keep the sales in control, and inventory management is also done in a better way. This system also helps in customer relationship management.