EPOS

EPOS (electronic point of sale)

a system for recording sales using sophisticated cash tills which record the total amount to be paid by a customer, provide them with itemized bills and simultaneously adjust the firm's STOCK records to assist the firm to plan its reordering of goods. EPOS is increasingly being used in supermarket checkouts, often linked to BAR-CODE scanners and providing for the direct debiting of customers' bank accounts for the total amount owing.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

EPOS (electronic point of sale)

a system for recording sales using sophisticated cash tills that record the total amount to be paid by a customer, provide him or her with itemized bills, and simultaneously adjust the firm's STOCK records to assist the firm to plan its reordering of goods. EPOS is increasingly being used in retail outlets such as supermarkets. See EFTPOS.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005