Point of Sale (POS) Glossary
A configurable or composite product is an item that has multiple customer selectable attributes. An example is a t-shirt that is offered in multiple colors, sizes, and different graphics. Alternatively, a one-size-fits-all t-shirt is called a simple product.
A point of sale system allows users to select a configurable product by choosing options. At a POS register, a cashier might select options, or at an eCommerce store, the user could choose from selectable dropdown boxes.
Configurable or composite products may be premade, with the multiple choices giving an illusion that a customer is creating the product. This scenario creates the need for a large inventory to accommodate multiple premade variations. Ordering may also trigger a manufacturing process to fulfill a customer’s selected options.
Customers love promotions! Buyers are often pulled in by one deal and wind up buying regularly priced merchandise in addition to, or sometimes instead of your discounted items.
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.