What are the advantages of POS for the retail industry?

The POS helps the management overcome cash management risks.

It eliminates loss of cash through theft or pilfering.

It also offers the customer convenience as they do not need to go around with wads of cash for shopping

This is made for market buissiness sector,we can use these different level of kinds.

analyze sales data, figure out how well all the items on your shelves sell,adjust purchasing levels accordingly,maintain a sales history,scannning barcode to barcode,accuracy date,price,time,stock, improve pricing accuracy by integrating bar-code scanners and credit card authorization ability with the POS system,choose any exchange currency,secure with password on system each chashier,checking on line live transactions and  trasaction saved in Hard disk on time and can communicate  server if any error occured.on time updating price changes,date changes,promotions and make customer discounts.we can use also cash offices,customer services,IT,buying.

I believe pos Its the Core of retail Business with it you can :
1- know what you sale ( give more accuracy by scanning the goods ) when you sale ( POS Have the options to controls the date and time of sale.
Like happy hours promotion ) where you sale.( if you have many store In national or international location You can know what item's And goods are moving more depend on geographic location) And To whom you sale ( by demographic information and customers list you load in the pos you can know more about your customers)
2- control your stocks and know what's your safety stocks.
3- minimizing losses and thefts.
Finally pos Let you manage inventories, flag items for reordering, and analyzing sales patterns.
Best regards Faisal Malaeb