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what do you like most about M POS and RMS?

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KurtLim View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote KurtLim Quote  Post ReplyReply Direct Link To This Post Topic: what do you like most about M POS and RMS?
    Posted: March 16 2011 at 2:46am
that would be a lower total cost of ownership
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Akshay_M View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Akshay_M Quote  Post ReplyReply Direct Link To This Post Posted: March 20 2020 at 8:07am

POS is the most common of the four acronyms and stands for Point of Sale, or more recently Point of Service. Traditionally, POS software was built to handle the processing of a transaction. The sales associate scans the item and charges the customer for their purchase, processes a return, or goes through with an exchange. 

Modern POS solutions are so much more than just a point of purchase. Many POS solutions include various other management tools such as inventory management, customer relationship management (CRM), reporting, as well as more Point of Service qualities like being able to schedule appointments and repairs.

RMS stands for Retail Management System, and refers to the modern-day, more robust POS I described above.

 RMS is an amicable example of the industry attempting to rename a product to better describe its usage and implementation today. But, adoption was low, which is why most companies will include both POS and RMS in their marketing.  

 

Regards,
Akshay
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