What is Point of sale (POS)
Point of sale (POS) has the physical site at that product or services which are purchased and group action information is captured through electronic money registers or different electronic machines like magnetic card readers, optical and bar-code scanners or some combination of those.
Traditionally point of sale transactions commonly occurs in trade brick and mortar stores, still as service businesses such as restaurants, theaters, hair salons, mechanic retailers, etc.
A point of sale terminal could be a physical electronic machine wont to capture payment cardholder information at the supply of the dealing. A POS terminal can usually be able to scan the information off of a client’s credit or debit card then do the procedure on the payment, printing a receipt. POS systems are better than cash registers.
The difference between POS software system and other business management software systems like Enterprise Resource Planning (ERP) system is vital, as though each might supply similar options, they’re in gear towards completely different marketplaces. Point of sale helps to grow your business.
Best suited to Business to consumer (B2C) firms is the POS system software for small business that controls walk-in traffic from consumers UN agency visit their location. It will also apply on Business to Business (B2B) firm if they operate as a cash and carry, have a showroom for walk-in consumers or operate retail brick and mortar locations. But, once you’re primary business doesn’t embrace walk-in consumers, there are several better software solutions accessible apart from POS. Point of sale marketing methodology plays important role.
What is Enterprise Resource Planning (ERP)
Enterprise Resource Planning, or enterprise resource designing, maybe a standard code designed to integrate the most useful areas of associate in nursing organization’s business procedures into a unified system.
An ERP system contains essential software parts, typically known as modules that target important business areas like finance and accounting, client relationship management, HR, production and materials management and also provide chain management.
Several ERP systems also will offer non-mandatory parts which are optional components that are industry-specific for instance, the purpose of sale practicality and e-commerce tools. The concept with ERP package is that its purpose is to interchange all existing packages and manage business information from one information together with sales from multiple channels like retail, e-commerce, trade shows, wholesale and additional. ERP with inherent POS practicality permits users to make orders and settle for payment on the front once dealing face-to-face with consumers through POS terminals, likewise as product orders and method payments on the back-end while not the necessity for ancient POS instrumentality like money drawers, receipt printers, show poles, and POS terminals. Albeit as a wholesale industry, you assist the occasional walk-in client, it’s going to not warrant full POS practicality. Instead, workers will enter associate degree order directly into the ERP system so method payment within the type of a check, on account, through associate degree invoice or via MasterCard.
E-commerce solutions offer consumers the choice to position orders and submit payment online and thru mobile devices however clearly totally different from POS code. With e-commerce solutions, the client isn’t face-to-face with the corporate and knowledge is passed by electronic means.