Point Of Sale which is also called as Point Of Purchase or (POP) is used to describe the place where specifically the transaction is completed in a market or store. This is the area dedicated for the cashier to reckon the whole purchase and further proceeding with the payment.
Point of sale is that section of the store where the invoice or the bill is prepared for the respective customer according to the shopping done by the individual. The payment is proceeded by an exchange of goods with money. Later on, proceeding with this, a receipt is handed over to the customer mentioning all the required details. The receipt is usually digitally printed after the scanning of the goods has taken place.
The sum is calculated by various means but barcode scanners have been popular so far. A more advanced version of this is the introduction of the POS cash register, which reads the barcode and automatically registers with a single touch or sense of the barcode.
The software point of sale includes other features as well such as inventory management, CRM, financials, or warehousing.
With the advancement of technology, more companies are adopting this technique also due to the fact that it is able to successfully replace price tags.
Acronym | Full Form |
---|---|
ITC | Indian Tobacco Company |
ITC | International Trade Center |
BPL | British Physical Laboratories Group |
CST | Chhatrapati Shivaji Terminus |
CTS | Cognizant Technology Solutions |
AAI | Airport Authority of India |
ABP News | Ananda Baazar Patrika News |
ACC | Associated Cement Companies |
ACS | American Chemical Society |
ADIDAS | Adolf "Adi" Dassler |
AHRC | Asian Human Rights Commission |
AIAAA | American Institute of Aeronautics and Astronautics |
AMC | American Motors Corporation |
AMUL | Anand Milk Union Limited |
AMW | Asian Motors Works Limited |
AT&T | American Telephone & Telegraph Company |
AYUSH | Ayurvedic, Yoga, and Naturopathy, Unani, Siddha, and Homeopathy |
BARC | Baba Atomic Research Center |
BBC | British Broadcasting Corporation |
BCCI | Board of Control for Cricket in India |
BIFR | Board of Industrial and Financial Reconstruction |
BIS | Bureau of Indian Standards |
BMW | Bayerische Motoren Werke |
BPO | Business Process Outsourcing |
CBSE | Central Board of Secondary Education |
CEO | Chief Executive Officer |
CID | Crime Investigation Department |
CISF | Central Industrial Security Force |
CRISIL | Credit Rating Information Services of India Limited |
WWF | World Wide Fund for Nature |
WWF | World Wrestling Federation |
WIPRO | Western India Products |
CRPF | Central Reserve Police Force |
DHL | Dalsey Hillblom Lynn |
DIG | Deputy Inspector General |
DLF | Delhi Land and Finance |
DRDO | Defence Research and Development Organization |
DS Group | Dharampal Satyapal Group |
DST | Department of Science & Technology |
DVC | Damodar Valley Corporation |
EPFO | Employee Provident Fund Organization |
ERP | Enterprise Resource Planning |
FBI | Federal Bureau of Investigation |
FCI | Food Corporation of India |
Global Organization of Oriented Group Language of Earth | |
FIFA | Federation Internationale de Football Association |
LG | Lucky Goldstar |
OEM | Original Equipment Manufacturer |
FMCG | Fast-Moving Consumer Goods |
FSSAI | Food Safety and Standards Authority of India |
GAIL | Gas Authority of India Limited |
HP | Hewlett-Packard |
HUDCO | Housing and Urban Development Corporation Limited |
IATA | International Air Transport Association |
IB | Intelligence Bureau |
IBM | International Business Machines |
IBPS | Institute of Banking Personnel Selection |
ICWA | Indian Child Welfare Act |
ICWA | Institute of Cost and Works Accountants of India |
IEEE | Institute of Electrical and Electronics Engineers |
IFFCO | Indian Farmers Fertilizer Cooperative Limited |
IIFL | India Infoline Finance Limited |
IIT | Indian Institute of Technology |
WEF | World Economic Forum |
USSR | Union of Soviet Socialist Republics |
UNICEF | United Nations Children's Fund |
UGC | University Grants Commission |
TOI | Times of India |
TAFE | Tractors and Farm Equipment |
SWAT | Special Weapons and Tactics |
SOS | Save Our Souls |
SAP | systems, applications, and products |
RAW | Research and Analysis Wing |
PVR | Priya Village Roadshow |
ONGC | Oil and Natural Gas Corporation |
NTPC | National Thermal Power Corporation |
NSDL | National Securities Depository Limited |
NDTV | New Delhi Television |
NCERT | National Council of Educational Research and Training |
NCC | National Cadet Corps |
NATO | North Atlantic Treaty Organization |
NASA | National Aeronautics and Space Administration |
NABARD | National Bank for Agriculture and Rural Development |
NAAC | National Assessment and Accreditation Council |
MTNL | Mahanagar Telephone Nigam Limited |
MPEG | Moving Picture Experts Group |
LIC | Life Insurance Corporation of India |
L&T | Larsen and Toubro |
KRA | Key Result Area/Key Responsibility Area |
KPMG | KLYNVELD PEAT MARWICK GOERDELER |
KFC | Kentucky Fried Chicken |
KEI | Krishna Electricals Industries Limited |
JK Tyres | Juggilal Kamlapat Ji Tyres |
JBL | James Bullough Lansing |
ITI | Industrial Training Institute |
ISRO | Indian Space Research Organization |
ISO | International Organization for Standardization |
ISI | Indian Standards Institute |
IRCTC | Indian Railways Catering and Tourism Corporation |
IPI | International Press Institute |
IPCC | Integrated Professional Competence Course |
IOC | International Olympic Committee |
IMA | Indian Military Academy |
IMA | Indian Medical Association |
IL&FS | Infrastructure Leasing & Financial Services |
NCRTC | National Capital Region Transport Corporation |
UPI | United Press International |
UIDAI | Unique Identification Authority of India |
PPP | Public-Private Partnership |
ANM | Auxiliary Nurse Midwife |
ASEAN | Association of Southeast Asian Nations |
KPO | Knowledge Process Outsourcing |
CCC | Civilian Conservation Corps |
SOP | Standard Operating Procedure |
CFO | Chief Financial Officer |
PMF | Presidential Management Fellows Program |
IRDP | Integrated Rural Development Programme |
PFMS | Public Financial Management System |
CMS | Centers for Medicare and Medicaid Services |
CFT | Combating the Financing of Terrorism |
AIIMS | All India Institute of Medical Science |
BRICS | Brazil, Russia, India, China and South Africa |