Q:

What is "electronic point of sale"?

A:

Quick Answer

Electronic point of sale refers to the process of selling retail goods through a computer terminal that tracks data more thoroughly than a standard cash register. It allows for upsales on the spot, makes stock management easier and more accurate and speeds up transactions with customers. Electronic point-of-sale terminals are often hand-held, making them easy to use in environments like restaurants or technology stores.

Continue Reading
What is "electronic point of sale"?
Credit: Hocus Pocus Studios E+ Getty Images

Full Answer

Electronic point-of-sale terminals, especially when hand-held, allow for more personal and speedy interaction with customers. Salespeople can check on stock inventory without having to leave the customer's side. Although not yet widely in use, electronic point of sale can be very useful in the restaurant business, since any time an item is ordered or sent back, it is added or deducted from the bill at the time of the order. In addition, many electronic point-of-sale terminals allow for swiping credit cards, which means a customer's credit card never has to leave his sight in order for him to pay. When electronic point-of-sale terminals are networked, only one price change has to be inputted for all identical items, simplifying the process of putting items on sale. Hand-held electronic point-of-sale devices can also be used for stock checking.

Learn more about Marketing & Sales

Related Questions

Explore