If you’re a regular follower of this blog, you’re not asking yourself what does POS stands for or what is POS system? This is an article for people who have a lot of POS questions. So if you are an expert, you might skim this one or skip it because I’m just going to do a few things like define POS and explain the types of POS, etc.
What does POS stand for? The simple answer is Point of Sale. Now, this could be as basic as an iPad POS app that runs transactions, an old cash register, or a sophisticated fashion point of sale software system.
There are a variety of different POS eCommerce solutions that include websites that integrate with your POS terminal. You can run a POS report that covers all of your operations or drill down to a specific point of sale device. Most times, you would be running a POS report for a location or your ecommerce store. Assuming you have POS ecommerce integration.
POS inventory tracking is among the more advanced POS capabilities. And POS analytics is sometimes provided by third party Enterprise software that can be quite costly. A lot of add-ons can get expensive like a loyalty POS or POS analysis or POS data analysis programs. But these add-ons pay off for both the merchant and also create a good shopping experience for the customers. They all factor into your retail strategy definition and decisions.
Many people believe that a web POS system is superior to other types of operations because it is maintained in the cloud, and you never find yourself looking at a how to install POS system manual that is 500 pages long. These types of setups are the best POS systems for small businesses for value, features, and ease of install.
The ACID POS system is cloud-based and includes all of the features I have talked about in this article; including those that other systems require add-ons or Enterprise purchases to run. It has all the advantages of electronic point of sale but runs on elegant and robust physical hardware. It is the most effective point of sale for any small to medium sized business. I hope that this answers what is POS system for you!