A good POS inventory management system automates both inventory tracking and purchase orders. It entails managing the SKUs for different items and tracking the items you sell and have in stock. POS inventory management is much more than listing the items you’re selling. Many popular POS systems are cloud-based, with vendors charging monthly subscription fees.
POS AND INVENTORY SYSTEMS FOR SMALL BUSINESS SOFTWARE
It often integrates with other business systems as well, including the best accounting and invoicing software and the best CRM software. The POS software records sales transactions and either includes or integrates with payment processing services. Depending on the type of operations, a POS system can include a POS cash register, credit card reader, receipt printer or barcode scanner.
What is a POS system?Ī POS system comprises hardware and software that facilitates and processes card payments for products purchased at a retail store, restaurant or online. We’ll explain point-of-sale (POS) systems, POS inventory management and how these tools can benefit your business.Įditor’s note: Looking for the right POS system for your business? Fill out the below questionnaire to have our vendor partners contact you about your needs. Whether you’re running a retail store, e-commerce site or both, you need a system that tracks it all, and that’s where POS inventory management comes in. Inventory management is increasingly important for small business owners who are now selling in multiple channels.