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.