Restaurant Point of Sale
Chapter 1
I - Background of the study
Point of sale is the place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or services. At the point of sale the retailer would calculate the amount owed by the customer and provide options for the customer to make payment. The merchant will also normally issue a receipt for the transaction.
Base in our research, the oldest, simplest POS system is the cash register, but there are many limitations to only monitoring cash flow. POS systems leverage the ability of databases and specialized data entry to instantly categorize sales by type, taxation status and inventory impact. They may integrate with marketing systems to allow immediate up sell to customers, recommending impulse purchases at the register based on current and past purchase history. However, the world of technology and business competition is always subject of changes and improvements. With aim to improve the inventory management and cash register checkout lines, one could invest in modern POS system that could help in the process of increasing the overall business effectiveness.
POS systems could contribute in better management of inventory and sales effectiveness. All items from inventory list could be carefully entered in point of sale software and one could have clear view in the stock list at every time, without obscuring the purchase process by counting the items weekly or monthly.
POS systems are easy to operate with, because they are designed in a way that apart of one’s technology knowledge, the software is easy to be learned and operated. This fact actually improves saving in time and diminished the costs for training the staff and sells personal.
According the above mentioned, one could underline that POS systems helps in the process of improving inventory management, cash drawing and appropriate managing of checkout lines at the counters, as well as saving
I - Background of the study
Point of sale is the place where a retail transaction is completed. It is the point at which a customer makes a payment to the merchant in exchange for goods or services. At the point of sale the retailer would calculate the amount owed by the customer and provide options for the customer to make payment. The merchant will also normally issue a receipt for the transaction.
Base in our research, the oldest, simplest POS system is the cash register, but there are many limitations to only monitoring cash flow. POS systems leverage the ability of databases and specialized data entry to instantly categorize sales by type, taxation status and inventory impact. They may integrate with marketing systems to allow immediate up sell to customers, recommending impulse purchases at the register based on current and past purchase history. However, the world of technology and business competition is always subject of changes and improvements. With aim to improve the inventory management and cash register checkout lines, one could invest in modern POS system that could help in the process of increasing the overall business effectiveness.
POS systems could contribute in better management of inventory and sales effectiveness. All items from inventory list could be carefully entered in point of sale software and one could have clear view in the stock list at every time, without obscuring the purchase process by counting the items weekly or monthly.
POS systems are easy to operate with, because they are designed in a way that apart of one’s technology knowledge, the software is easy to be learned and operated. This fact actually improves saving in time and diminished the costs for training the staff and sells personal.
According the above mentioned, one could underline that POS systems helps in the process of improving inventory management, cash drawing and appropriate managing of checkout lines at the counters, as well as saving