In the year 1973, IBM came up with store systems named IBM 36.
Earlier, proprietary software controlled all the cash registers at different stores these cash registers had limited functions and could not give in-depth reports related to different transactions.If you know nothing about POS, don’t you worry at all here are a few points that would tell you about the history of this concept: Moreover, POS allows both, the merchant and the customer, to keep a track of sales and/or purchases. On the other hand, if the merchant is unable to tell the customer how much he owes him, he is unable to receive money for his products or provided services. POS is important because unless the customer knows the exact amount he needs to pay for the products he wishes to own or the services that he has enjoyed, he can’t pay the merchant for his products or services. Once the amount is revealed to the customer, he makes the payment with the help of various other hardware or software options, EFTPOS (electronic funds transfer at point of sale) terminals or touch screens.
In order to calculate the actual amount that the customer owns, merchants use weighing scales, scanners, manual cash registers, electronic cash registers or bar codes. The moment you search for point of sales Malaysia or POS Malaysia, you are allowed to go through websites of various shops (both online and land based) where this concept is adopted to ensure the transaction is carried in a good way. Point of sales is quite an important concept in all the locations around the globe and is traditionally adopted in countries like Malaysia. This receipt is usually a printed one, but may be electronic at times. Once the payment is received by the merchant, he gives a receipt for the transaction made. In simple words, it is the time, or point, at which the customer needs to make the payment to the merchant for the goods he has purchased or services he has enjoyed. This invoice is generally a cash register printout and indicates different options available for the customer to make the payment. The merchant calculates the amount that the customer owes and needs to pay once the amount is calculated, an invoice is prepared for the customers. Point of sales, popularly known by its abbreviation POS and also known as point of purchase, is nothing but the place as well as time in which a retail transaction is finished or completed. I am here to give you all the information related to it: It is, in fact, one of the most important concepts in the world of marketing.
Point of sales is quite a common concept, but not everybody knows about it.
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