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EPOS

By webcrat ·
What is EPOS system and what is its technical definition?

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by Joseph Moore In reply to EPOS
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by Jerry B In reply to EPOS

EPOS is an acronym for electronic point of sale system. Generally used in retail operations to itemize & summarize sales.

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by InXale In reply to EPOS

EPOS (Electronic Point Of Sale) which is really a computerised till point.

Either standalone for a small shop or networked into a LAN (local area network) for larger shops.

The HQ can also recieve all the data over a WAN.

All merchandise is barcoded. At the till point the sale is conducted by entering the product codes (or scanning the barcode if applicable); the computer looks up the price, prints an "itemised" till receipt, totals the sale, and provides till control over the daily cash and other tendering types that are accumulated.

At the end of the day the stock is deducted by the quantities of merchandise sold. Re-order recommendations are produced where the new stock level has dropped below a pre-set minimum threshhold. The daily sales can be reported on, for takings, profitability, discounting anomalies etc. The aggregated sales are accumulated for periodic analysis, so that items that are selling can be sold to a maximum, and conversely the "slow movers" can be weeded out. The periodic analysis also provides useful feedback as to where the organisation's profits are coming from; where the company is over-stocked in relation to current demand; and so on.

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by Gandolph In reply to EPOS

EPOS also offers solutions in the area of Internet Payment and IVR transactions. Payment options include credit card payments as well as accepting checks. They utilize an ASP model to process these transactions on your behalf. They can also set it up so that the fees charged for processing the transaction are charged to the user or absorbed by you as a cost of doing business.

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by TheChas In reply to EPOS

Say, it has been 6 months since you asked this question.

Please be a courteous and conscientious peer.

Either reject the answers and comment on why they did not help you.

Or, accept the answers that helped you and award the points.

Chas

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