Pos data
![pos data pos data](https://blogs.sap.com/wp-content/uploads/2021/06/Picture1-12.png)
(In the age of surveillance cameras then, the amount of investment POS data management requires would hardly be justified by this narrow motive anymore.
![pos data pos data](https://treeoflife.ca/wp-content/uploads/2021/01/Slide1.png)
Ritty made the cash register to monitor and control employee theft. Once the employee rang up the amount for the transaction (the device being totally mechanical) and pushed the “Total” key, the cash drawer opened for that instant and the employee could put the cash inside and return the change.Ī bell also rang at the moment the drawer opened (the bell to become a staple for any drugstore scene in classic Hollywood much as the sound of the swinging doors in a spaghetti western) and alerted the owner that money was changing hands. But when the first cash register was made by James Ritty at the end of the nineteenth century, the benefit sought from the activity was very single-minded and simple. Obviously, the gains are bigger than the costs – and the retailers have realised that the benefits are many-fold. Why go through all the pain and millions of dollars investments? The concept behind the abbreviation so embedded in retail activity that anyone with a brief association does not need further elaboration.īut what concept underlines POS data – recording each transaction and item in the store in the retailer’s register? In today’s world with global retailers selling millions of items each day to hundred thousands of customers across thousands of stores spread over the globe, recording and storing for protracted periods each of these transactions means massive investment in IT, workflows designed around the feedback loops emanating from this data, staff and warehousing costs. In the retail world, POS stands in the pantheon of ROI, EDLP, GM, OTB, BOM, etc. Each of these transactions generates a row, or perhaps a few, in a database and becomes a drop in the ocean of POS data. Or, in the virtual arena, after the short wait as your credit card details are confirmed and the “Your transaction is confirmed” pops up on your screen.
![pos data pos data](https://blog.cmkg.org/hubfs/blog_pos_data.png)
The time-space moment when the cashier presses the “Total” button on his register and the bill whirrs forth from the spool.