What is a Point-of-Sale (POS) System? A Point-of-Sale (POS) system is a combination of hardware and software that enables businesses to process transactions, manage sales, and oversee various operational activities. In retail and hospitality environments, POS systems serve as a crucial tool for streamlining sales operations and enhancing customer service. Traditionally, the term ‘POS’ was…
Introduction to Sales Tracking Sales tracking is a crucial element within the sales process, serving as a systematic approach to monitoring and analyzing sales performance against established goals. At its core, the concept encompasses the collection and evaluation of sales data, providing insights that can propel a business’s growth and efficiency. As competition continues to…
What are Universal Product Codes (UPCs)? Universal Product Codes (UPCs) are standardized numerical barcodes used to uniquely identify products across various retail and distribution channels. Developed to streamline the process of product identification, UPCs facilitate accuracy in inventory management, sales tracking, and supply chain operations. The standard formulation for a UPC consists of 12 digits,…