Glossary

Reorder Point: Replenishment Level Triggers Automatic Stock Ordering In Pos Systems To Prevent Shortages Calculation Methods for Reorder Point Simple Reorder Point Formula Let’s start

Safety Stock: Buffer Inventory Within Point-Of-Sale Systems Helps Prevent Stockouts And Ensures Consistent Product Availability Calculating Safety Stock Levels Accurately Ever felt like you’re walking

Lead Time: The Time It Takes For A Product To Arrive Significantly Impacts Inventory Management Within Point-Of-Sale Systems Impact of Lead Time on Inventory Imagine

Transaction Authorization: Payment Authentication Confirms Sufficient Funds For A Purchase At A Point Of Sale Authorization Process and Participants Involved The Dance of Approval: A

Transaction Settlement: Finalizing Sales Is A Crucial Function Of Point-Of-Sale Systems Settlement Methods and Processing Timelines Traditional Card Settlements Remember those old carbon copy machines?

Credit Card Processing: Electronic Payment Acceptance Is Integral To Modern Point-Of-Sale Systems Payment Gateway Integration and Security The Nuts and Bolts of Integration Integrating a

Debit Card Processing: Electronic Funds Transfer At The Point Of Sale Facilitates Seamless Transactions Understanding Debit Card Processing Fees Ever wonder where that small percentage

Emv Chip Card: Integrated Circuit Cards Enhance Point-Of-Sale Security By Providing Dynamic Authentication EMV Chip Card Technology Explained Ever wondered about that little gold square

Contactless Payment: Near-Field Communication (Nfc) Enables Quick Transactions At Point-Of-Sale (Pos) Systems Technology Used In Contactless Payments Near-Field Communication (NFC) Imagine waving your phone at