System used in retailing in which a bar code on a product is scanned at the cash till and the information relayed to the store computer. The computer will then relay back the price of the item to the cash till. The customer can then be given an itemized receipt while the computer removes the item from stock figures.
EPOS enables efficient computer stock control and reordering as well as giving a wealth of information about turnover, profitability on different lines, stock ratios, and other important financial indicators.
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