Point of Sale (POS) Glossary
A sales summary details the financials of a business. The scope of a sales summary can vary widely, depending on its purpose. For instance, a simple sales summary may be produced daily by a merchant to show the day’s transactions. Alternatively, a very complex sales summary presented to a company’s board, stockholders, or potential investors might include years of data and profitability of specific periods.
Reviewing a sales summary can be critical to making good business decisions. They help merchants decide which products to carry, evaluate sales, and plan strategies to increase profits.
A point of sale system can collect data that is used to print reports. POS analytics help analyze specific details of a company’s sales and provide a big-picture review.
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.