Retail Management System

n.

Pronunciation

/ˈriˌteɪl ˈmænəʤmənt ˈsɪstəm/

Acronym

RMS

Definition

Software used to run a store, which can include Point of Sale systems, inventory tracking, customer, employee management tools, and analytics.

Retail Management Systems are often based around Point of Sale systems but have added features so that other functionalities such as loyalty programs, accounting, scheduling employees, and marketing are built into the same platform. Ideally, this would result in one system seamlessly managing the entire business.

Category

Business, Technology

Related Terms

Platform, POS System

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