EPOSElectronic Point Of Sale• This is used in checkouts where the operator scans the bar code

of each item individually. • The price description of the item

is displayed on the checkout monitor and printed on a receipt

The Grafton• The Grafton a great place to be. After more than

two years hosting some of London’s most celebrated street food vendors as pop-ups and residencies, they are tickled pink to finally launch our very own in-house kitchen. They call it Street-Meets-Pub. The Great British Pub Awards has once again championed The Grafton as one of Britain’s best pubs! They beat some incredible competition from numerous pubs in the region to win the title, so they’re truly tickled pink.

Usage• Self-contained,

computerized equipment that performs all tasks of Grafton’s  checkout counter.• It allows payments by bank or credit

cards, verifies transactions, provides sales reports, coordinates inventory data, and performs several other services normally provided by employees

Advantages• Financial accuracy; Lowers margin for human

error• Accountability; Monitor staff activity

• Speed & efficiency; Integrated systems help get things done faster

• Stock management; Sync sales & inventory automatically

• Reporting; Business performance reports & analysis

Disadvantages• Cost Overall cost is likely to be at the forefront of

Graftons owner's mind when considering an EPOS system. Standard EPOS packages, including digital touch screen, cash register and other peripherals, often cost around £2000 or higher in the UK.As a result, EPOS systems can be quite an expensive purchase, particularly for small businesses, or businesses like Graftons requiring a large number of systems.

• Maintenance An additional issue associated with the use of

EPOS systems is the regular maintenance requirement. Although suppliers offer free maintenance for a period of time to incentivise purchase, the effect of regular maintenance can often prove to be time consuming and disruptive to operations.

Conclusion•With all things in mind we could therefore conclude that:• EPOS is the easy way to manage accounts• It increases efficiency • If the software cost and maintenance is affordable by the business then it can be of great use to the business.

VideoLink: http://

epos.expertmarket.co.uk/epos-benefitsThis video will give you an overview of the pros

and cons of using an EPOS system in Graftons business, rather than just a traditional cash till.

Bibiliography

• Cambridge GCSE Business Studies Textbook• http://epos.expertmarket.co.uk/epos-benefits• http://www.business2community.com/sales-

management/what-are-epos-systems-and-how-do-they-work-0319907#MRD7zOsjGWLvqrHp.99