Point of Sale (POS) Glossary
A backorder is a merchant’s request to its supplier for a product that is not in stock. A point of sale system might allow customers to order items that are backordered, and provide them with a delivery date. A POS system might process payment immediately or wait until the merchant receives the product, depending on a store’s policy. The delivery date would need to consider arrival from the vendor, time for the merchant to process the order, and shipping time to the customer, if applicable.
Point of sale systems may sometimes order items or notify a merchant before they are out-of-stock at set trigger-points to avoid running out of inventory. Backorders can be frustrating for both merchants and customers because the delivery date relies on the supplier or a manufacturer and can sometimes be unpredictable.
An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.
You’ve probably been at the register at the grocery store and asked if you wanted to contribute money to a charity as you checked out. Maybe you donated, or perhaps you found it was annoying. It might have depended on your mood that day, or possibly the charity was a deciding factor.