The-definition.com

Definition

Point of Sale (POS)

By the term POS (Point of sale) means a business place (retail shop/store) where sales or retail transactions are made. And the process may be completed by checkout, preparing invoice, issuing printed receipt etc.

There is a POS system that is  the combination of hardware and software which allows merchants to make sales or transactions. Other systems like Customer relationship management (CRM), Inventory Management System, Accounts System are also integrated with POS system.

Share it:  Cite

More from this Section

  • Golden Parachutes
    A form of bonus compensation designed to retain talented executives that calls for a substantial ...
  • Equities
    Equities is the claims to share in the net income and assets of a corporation (such as ...
  • Imports
    Imports are goods and services that a country buys from other countries to be resold inside ...
  • Crude Oil
    Crude Oil is a petroleum product made up of hydrocarbon deposits and other organic components ...
  • Federal Reserve banks
    Federal Reserve banks is the 12 district banks in the Federal Reserve System. ...