Point of sale-Inventory and purchase order management with single POS software

Published: 17th August 2011
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POS (Point of sale) also some time called as POP (Point of purchase) or check out point is a place where the actual transaction of money and goods happen. Software used to make this transaction happen are called POS software. The term "POS software" is simply a phrase that software development companies came up with to describe their software. The problem is that each POS software system can be VERY different! And the software can have a huge impact on the productivity of your business. POS software is utilised at the physical location at which goods are sold to customers. In other words... POS software takes the place of your cash register. Software are often custom made and are useful for any particular industry there are point of sale software for industries for example fashion POS and hospitality POS.

So you might have got an idea that what is a POS software in simple words POS software is a software on your computer by using which you can maintain sales and transaction. You tell the computer what you're selling, the selling price, and the quantity sold. Then it calculates the total, including tax, and tells you how much change is due. It also records every sale and tracks everything. As POS software remembers every thing it can generate different types of data for you for example daily sales, monthly sales, yearly projection of sales, fast moving goods, sales trends and many more. POS software can be used for following purposes and places.

Point of sale Makes the process of billing fast and comfortable.

Inventory Management POS software automates inventory management as it keep track of all the sales volume and instantly prepares inventory status report when and where it is required. It can creates purchase order automatically based on minimum inventory levels or you can choose a fixed interval purchase order printing. In case there is any price updates it can automatically update prices for the product in the software and billing amount gets change accordingly.

Some other uses - POS software can act as bar code scanning feeder, It can be used to calculate account receivables, General ledger and payroll purposes can also be solved with the help of POS software.

However there are misconception related to POS software it should be kept in mind that every POS do not provide the same functioning and infect they are based on industries specific requirements like Fashion POS and Hospitality POS. I have found very good POS software provider and you can visit pospeople.com.au for details. They provide custom made POS software for shops like fashion POS. Fashion POS have following characteristics.

1. Specially made for fashion and garment industries.

2. Easy navigation and simple management reporting in fashion POS.

3. Fashion matrix helps you to keep an eye on your fast moving items.

4. Easy-to-use menus and simple drag and drop screen, makes entries into the system simple.

5. Comprehensive reporting provides cross referenced results for sales and stock details based on multiple criteria. And many more.

If you have hospitality related services like restaurant and food shop try out Restaurants, Take Aways, Cafes and Pizza Retailers, Food & Grocery sections in the site pospeople.com.au under industries heading. There hospitality POS can made you cope with the every day challenges arriving in any hospitality sector be it training for your employees or handling rush hour clients. Hospitality POS is a unique solution to every problem of hospitality POS management

http://www.pospeople.com.au/ - Offers a rental software that is easy to use & helps you to make informed decisions with accurate data and powerful reporting tools to maintain your competitive edge, Pos Solutions, Pos Software, Cheap Point Of Sale, Fashion Pos, Pos For Shop, Pos Shop, Point Of Sale Solution, Point of Sale System ( http://www.pospeople.com.au/fashion_industry.html ) ( http://www.pospeople.com.au/restaurants_take_aways.html )

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