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

  • Behavioral theories
    Behavioral theories refer leadership theories that identify behaviors that differentiate ...
  • Required reserves
    Required reserves is the reserves that are held to meet the Fed’s requirement that for ...
  • Migration
    Migration is the movement of human beings from one country or region to another. Sometimes ...
  • Emerging Industry
    An industry that has growing sales across all the companies in the industry based on growing ...
  • Policies
    Broad,precedent setting decisions that guide or substitute for repetitive or time-sensitive ...