Point of Sale System (POS) Essay

Introduction Point of sale (POS) or checkout is the place where a retail transaction is completed. It is the point at which a customer makes a payment to a merchant in exchange for goods or services. At the point of sale the merchant would use any of a range of possible methods to calculate the amount owing – such as a manual system, weighing machines, scanners or an electronic cash register. The merchant will usually provide hardware and options for use by the customer to make payment. The merchant will also normally . issue a receipt for the transaction.[http://en.wikipedia.org/wiki/Point_of_sale / Retrieve on February 6, 2013] A Point of Sale (POS) system is a system for managing the sales of retail goods. A POS manages the selling process by a cashier accessible interface. The same system allows the creation and printing of the receipt using the POS printer. The Problem The problem is that many retail stores uses manual sales transaction which result to inaccurate calculation and lost of profit in their business. Manual managing stocks takes a lot of time which is very hassle. Statement of the Problem 1. What are the methods in creating Point of Sale System? 2. How the methods are integrated and implemented to the system? 3. How to test and evaluate the efficiency of the Point of Sale System? Objectives 1. To be able to identify the methods in creating Point of Sale System. 2. To be able to integrate and implement the identified methods to the system. 3. To be able to test and evaluate the efficiency of the Point of Sale System. Definition of Terms 1. Point of Sale (POS) – A system that make sales transaction and manage stocks. 2. Sale Transaction Retail software in which a customer exchanges an agreed amount for an item. 3. Receipt – a piece of paper that shows the item being sold. 4. Cashier A person who receives and pays out money works at a POS. 5. POS Printer A machine that prints a receipt from a computer. 6. Database- Storage of data of the POS. 7. Stock-supply of goods available for sale.