Question

What makes point-of-sale systems different from revenue cycles of manufacturing firms?

Answer 1

Answer)

Point of sale is generally used in grocery stores and other types of retail organizations where the customers carry the goods they need to the place where the transaction begin. Here,the goods are sold as soon as the transaction completed.It is not possible in manufacturing firms as goods in manufacturing firms are in general kept in separate warehouse and the buyer must place the order first and the goods will get delivered later on.It is not possible for manufacturing firms to get the goods delivered immediately as the sale in general will be in large quantity.Hence, point of sale systems will not suit manufacturing firms as the goods cannot be sold immediately.