Price Management

After analysing the sales data captured by the POS system, the merchant is able to identify the products or services in demand and hence price for increased profitability.
A POS system allows the business to update or change prices easily. It generally allows businesses to apply different discount levels (to cater to bulk or membership discounts). These tier pricing strategy can be centrally programmed. The need for manual pricing computation is eradicated hence minimising error. The new prices can then be electronically transmitted to update all POS terminals at the same time.