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E-retailing or on-line retailing is the selling of goods from Business-to-Consumer through electronic stores that are designed using the electronic catalog and shopping cart model.
Cybermall is a single Website that offers different products and services at one Internet location. It attracts the customer and the seller into one virtual space through a Web browser.
E-commerce is also used in the supply chain operations of a company.
Some companies form an electronic exchange by providing together buy and sell goods, trade market information and run back office information such as inventory control.
This speeds up the flow of raw material and finished goods among the members of the business community. Various issues related to the strategic and competitive issues limit the implementation of the business models.
Companies may not trust their competitors and may fear that they will lose trade secrets if they participate in mass electronic exchanges.
A POS is a valuable tool for merchants in any vertical market—and supermarkets are certainly no exception. Here’s a look at seven of the most common supermarket POS system applications.
Cash management and checkout: In grocery store environments, the supermarket POS is used to ring up and record sales and financial information (the amount of money paid for each item and for customers’ orders as a whole). It also processes credit and debit card payments and collects detailed data about customers (e.g., loyalty program information) and what they have purchased, down to the SKU level. A cash management component controls the cash handling process, from the POS, to the back office, to the bank, maintaining details about cash totals as well as who handled each step and when.
A supermarket POS system may even go one step further to alleviate shortages and curb over-ordering. Depending on the particular inventory management module, it may generate an alert when inventory levels reach user-defined minimums, and, in some cases, create re-orders based on this information.