| EPOS which is an abbreviated form Electronic Point of | | | | printers, chip and pin, barcodes, mobile PDA, tablets, |
| Sale, a form of technology which helps in keeping the | | | | customer displays, cash draws and weighing scales |
| systematic records all the goods and services | | | | can be attached to the integrated systems so that it |
| provided to the customers. Earlier people were | | | | can perform various other functions. EPOS systems |
| dependent on cash operator registers so to know the | | | | are well designed systems and these are designed |
| exact sales of the particular year. It was rather difficult | | | | according to customer's needs and specifications. |
| to note down each and every services and goods | | | | Earlier it was not easy to send data between cash |
| supplied and also they had to tally these prices at the | | | | registers and between the manufacturers as there |
| end of the year. The cashier was given the work of | | | | was lack of portals which could allow the proper |
| tallying after which these tallying notes were input in to | | | | transfer of data between different software and |
| the accounting ledger and thus all the finances and | | | | EPOS systems. But nowadays with the introduction of |
| inventory records were to be done manually. It was | | | | various management tools it has become a lot easier |
| really a difficult and lengthy task to not down each and | | | | to solve this problem of data transfer between two |
| every goods sold and purchased and also the | | | | EPOS systems. |
| services provided later on. | | | | Some of the benefits related of EPOS systems: |
| The first EPOS system was invented by IBM in the | | | | It becomes easy to manage the records of each and |
| year 1986. Initially EPOS system was just a Computer | | | | every assignment. It doesn't require you to feed each |
| and display unit but later on as the technology was | | | | and every detail of the prices and transactions of the |
| advanced monitors with touch screen were introduced. | | | | services provided to the customers. They also helps in |
| Also barcode scanners and printers were also | | | | maintaining the inventory management, managing |
| attached to the EPOS system to take the check the | | | | customer relations, service management and also pay |
| barcode and to take the printouts of the all the bills | | | | roll modules. EPOS system together combines the |
| which were made. It became a lot easier and also | | | | technology and business management and due to this |
| saves a lot of time in the process. There are two | | | | reason it is also referred to as Retail management |
| types of EPOS system in market nowadays namely | | | | software. It helps in managing every day cash and bills |
| Modular system and Integrated System. The display | | | | systems. You don't have to note down everything |
| unit and computer are attached as a single device in | | | | manually. A manager can have a look at any figures |
| the Integrated systems whereas in modular systems, | | | | he wants to see such as profit earned, day's income |
| the computer is separately connected to various | | | | or any other figures without asking any of his |
| peripheral devices such as printers, barcodes etc along | | | | employees. |
| with the display device. | | | | Thus with the help of EPOS systems, it saves a lot of |
| Many other devices such as barcode scanners, | | | | time and manual work of the people. |