![]() At this point, store staff can also apply discounts or promo codes. Once all items are added to the shopper’s cart, your POS system calculates the total cost, including any sales tax, and then updates your inventory count to reflect items sold. Your POS system calculates the total price Some point-of-sale systems, like Shopify POS, let you scan items using your smartphone or tablet camera instead of a bar code scanner. Once the shopper is ready to buy, the store staff uses a bar code scanner to add products to their cart. ![]() A customer chooses to buy your productĪs shoppers browse a store’s products, store staff can look up prices and inventory availability in the POS system. The point-of-sale transaction is finalizedġ.Your POS system calculates the total price.Here’s what the typical POS system workflow looks like: How does a POS system work?Īt its most basic level, a POS system calculates the sum of the items a customer wants to buy, processes the payment, and modifies your inventory levels to reflect the sale. Think of the point of sale as a store’s checkout counter and the POS system as the terminal merchants use to serve customers, accept payments, and close sales. The difference between the two is that a point of sale is a place, while a POS system is a technology. A point-of-sale system is the technology merchants use to accept payment and close the sale. Update the Sales Audit Cloud Service database with adjustments received from external systems on previously exported data.What’s the difference between a POS and POS system?Ī point of sale is the physical place where a customer pays for their item. The user reviews these errors during the interactive audit.Ĭreate and export files of clean data in formats suitable for transfer to other applications. Validate transaction and total data with user-defined audit rules and generate errors whenever data does not meet the criteria. Produce totals using user-defined totaling calculation rules that are user reviewable during the interactive audit. Perform initial validation of data during upload of data from the RTLog to Sales Audit Cloud Service. Import POS/OMS transaction data from the RTLog. Sales Audit Cloud Service uses several batch-processing modules to perform the following activities: The goal of the automatic audit process is to accept transaction data from point-of-sale (POS/OMS) applications and move the data through a series of processes that culminate in clean data. It can support reporting and analysis to help reduce losses.Īutomatic auditing is done in Sales Audit Cloud Service using batch programs. Audited POS and OMS data, exported from ReSA, provides a single version of data across downstream solutions. It reduces the cost of integration between sales audit functionality and other applications such as the Oracle Retail Merchandising System (RMS) and Oracle Retail Analytics (ORA). It can isolate irregularities at the point of sale. ![]() ReSA reduces shrinkage because it provides regular comparisons of inventory levels and sales. This process results in correct data that you can export to other applications. It allows users to view and audit data at the store/day level or the cashier/register level selected by the user. It accepts and validates transaction data while detecting and correcting errors according to pre-defined rules which are both system defined and user defined. It allows a single entry point for sales data from external systems into Oracle Retail applications and other financial systems. ReSA accepts POS and OMS data and provides audited data to downstream applications such as, Retail Management System (RMS), Retail Analytics (RA), Retail Store Inventory Management (SIM), and General Ledger applications. It also manages foundation data, purchasing and cost, inventory, price, and financial processes. Using real time inventory information, this system calculates need based on set parameters for any product, store or other category. ![]() ReSA is a part of the Merchandise Operations Management (MOM) product group, which helps retailers to reduce shrinkage, reduce integration costs, improve internal control, increase productivity, and improve visibility to sales. If these totals are not equal, you can report this variance as an over or short value. This process validates the totals from POS and OMS against the calculated totals of transactions. The retail sales audit function also allows for balancing out cashiers, cash registers, or an entire store day. ReSA provides a simplified sales audit process while ensuring the integrity of audited data and smooth integration with other retail applications. In retail, the sales audit function describes the process of reviewing the Point-of-Sale (POS) and Order Management System (OMS) transaction data for accuracy. ![]()
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