Point of Sale, or Point of Service, is the most commonly used of the four acronyms. It's been customary for point-of-sale (POS) software to be designed to manage transaction processing. The salesperson scans the item, charges the consumer, conducts a refund, or completes an exchange for the customer..
Modern point-of-sale (POS) systems are so much more. Many POS solutions come with additional management capabilities like inventory management, CRM, reporting, and other Point of Service features like the ability to schedule appointments and perform repairs, amongst others.
Throughout the iQmetrix website, you'll see the phrase "more than a POS." The reason for this is that our software includes a wide range of different business modules, making it far more than just another point of sale system. That's when the playground starts to get slick.
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This modern, more robust POS is known as RMS, which stands for Retail Management System.
A good example of an industry-sponsored product renaming effort is RMS, which attempts to better describe its current usage and implementation. However, because of the low adoption rate, most businesses will sell their products using both POS and RMS.
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Answer:
Point of Sale, or Point of Service, is the most commonly used of the four acronyms. It's been customary for point-of-sale (POS) software to be designed to manage transaction processing. The salesperson scans the item, charges the consumer, conducts a refund, or completes an exchange for the customer..
Modern point-of-sale (POS) systems are so much more. Many POS solutions come with additional management capabilities like inventory management, CRM, reporting, and other Point of Service features like the ability to schedule appointments and perform repairs, amongst others.
Throughout the iQmetrix website, you'll see the phrase "more than a POS." The reason for this is that our software includes a wide range of different business modules, making it far more than just another point of sale system. That's when the playground starts to get slick.
A good example of an industry-sponsored product renaming effort is RMS, which attempts to better describe its current usage and implementation. However, because of the low adoption rate, most businesses will sell their products using both POS and RMS.