POS stands for point of
sale and it is generally used to describe the computer used to check out
customers, explains a Northern Leasing Expert. It used to be that these machines
were simply cash registers that rang up sales and provided a safe place to
store the cash, checks or charge slips that your sales generated. These days,
like most other things that are run by a computer system, they do much more
than that.
One of the biggest advantages provided by the Northern Leasing POS Systems
is the help they can offer you by tracking your inventory levels. No matter
what the size of your business, keeping track of what items enter and leave you
store's inventory is an important part of running an efficient business.
Knowing exactly what items are selling and in what quantities makes reordering
much easier. Instead of guessing what items you will be needing in the future,
which may well lead to excess inventory and wasted profits, you can only order
what you actually need explains Northern Leasing Systems. Inventory
tracking can also let you know what items may be walking off your shelves
without being paid for. Shoplifting costs retail businesses large amounts of
money each year and knowing what items are being stolen will allow you to take
steps to stop the theft.
Modern POS systems from Northern Leasing provide an easy way to keep
your inventory tracking under control. By linking them to your store's
inventory system, they can provide you instant data as to what is being sold.
Each item has an individual bar code. When it is scanned by the Northern
Leasing Systems POS system, the information about that item is
automatically entered into your inventory control system.