GASPRO International Journal of Eminent Scholars

ABSTRACT

This paper carefully assessed point of sale (POS) types and their efficiency for business. A point of sale, or POS, is used to record sales and funds collected in a store. It can be a physical space (like a counter) or a virtual checkout page. In this paper, point-of-sale systems (POS) represent the computerization of the cash register and its linking to databases, thus providing businesses with more digital data and the ability to know them. POS systems give businesses the ability to retain and analyse a wide variety of inventory and transaction data on a continuous basis. They have been touted as valuable tools for a wide variety of business purposes, including refining target marketing strategies; tracking supplier purchases; determining customer purchasing patterns; analysing sales (on a daily, monthly, or annual basis) of each inventory item, department, or supplier; and creating reports for use in making purchases, reorders, etc. It was on this basis that the paper concluded that evaluations have been conducted and found some benefits of the system for a safe and sound business operation in today’s world, including allowing customers to swipe their cards, input the amount to be paid, and pay electronically for a transaction within seconds after the transaction is sent for authorisation. One of the recommendations was that management should effectively make consistent, reliable, and timely determinations with the assistance of the records in their business operations and transactions.