What is a POS system? | Explanation of terms and trends in POS registers - Posco Co., Ltd.
ポスコ 東京
POS refers to a high-function cash register system with aggregation capabilities. POS is an abbreviation for "Point of Sale" in English, which literally means "point of sale," and the POS system is referred to as point of sale information management. A POS register reads the barcode information attached to the price tag of purchased items using a scanner at the moment of sale, displays the department, product name, price, and other details on the screen, prints them on a receipt, and simultaneously records various information in the memory of the cash register. For example, in the retail industry, the role of the POS register encompasses important functions ranging from the settlement processing at the point of sale to product, inventory, and customer management. The now indispensable POS register was imported from the United States in the 1890s and widely introduced in department stores in the 1910s, evolving uniquely as the importance of IT in business has increased. For instance, in Japan, automatic change dispensers that manage the mainstream cash payments have become fully integrated with POS registers as part of the POS system in the retail industry, including supermarkets and drugstores. It has now expanded its reach to the medical industry, including hospitals and clinics.
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The POS cash registers imported from the United States have been adopted in department stores since the 1910s and have spread across various industries such as supermarkets and convenience stores. As the importance of IT has increased, they have evolved uniquely. For example, the automatic change dispensers that manage cash payments, which are mainstream in Japan, have completely permeated the retail industry in conjunction with POS cash registers. They have now expanded their reach to the medical industry, including hospitals and clinics. Additionally, efforts to accommodate cashless payments are progressing towards 2020.
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