What are electronic point of sale (EPOS) systems in the retail industry and why are they popular?
In retail environments, electronic point of sale systems make it easier to process payments and promotions, track inventory, and manage supply chains. Throughout the retail industry, EPOS systems can be seen: a basic EPOS terminal often consists of a computer, linked to add-on hardware such as barcode scanners, card readers, and receipt printers.
EPOS systems are popular because they can help Head Office improve demand forecasting, minimise inventory, and manage multiple selling channels with ease. In summary, electronic point of sale makes business processes more streamline, while helping to improve customer service.
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Answer ( 1 )
The epos system is accounting software for the retail stores to keep the check on their inventory and the products they are selling .