Point of Sales (POS)

What is meant by Point of Sales (POS) ?

Point of Sale (POS) or Point of Purchase (POP) is the terminal point of a retail transaction. In simpler term, it is the point where a customer makes the payment in exchange of goods or after receiving a service. In retail industry, relevance of POS is that it is marked as the point where admin/store owner has to generate the invoice and update inventory & reorder details.

Subject : E-Commerce

Disclaimer: The term explained above has been compiled with consideration and care after consulting multiple sources. Despite our continuing efforts, we advise- the readers should not take decisions completely based on the information shared by FATbit on its glossary section.

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