ITPEC IP April 2021 Question 88
Which of the following is the system that is used to record sales information when a sales transaction was made at the store, and also to collect, accumulate, and analyze sales information for each item sold?
Explanation
POS — the point of sale system records each sale at the checkout and collects the sales data of every item for analysis.
When an item is scanned at the register, the POS terminal records its product code, quantity, price and time. These records are accumulated per item at the store and head office, which shows the strong- and weak-selling products and drives restocking, ordering and promotion decisions.
Answer (d)
Why not others:
- •(a) ECR — Efficient Consumer Response is a strategy in which manufacturers, wholesalers and retailers cooperate to streamline the whole supply chain for the consumer; it uses sales data but is not the system that records it
- •(b) QR — here Quick Response, a similar supply-chain strategy from the apparel industry that shares sales data so suppliers can replenish quickly; it is not a checkout system
- •(c) EOS — the Electronic Ordering System sends a store's orders electronically to its suppliers; it handles ordering, not recording sales
Key rule: Sales are captured at the point of sale by POS; EOS places the orders, and ECR and QR are strategies that share the sales data along the supply chain.
Business Industry · AI-written, may contain errors
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