What is a point of sale system?

Definition

Point of sale systems is electronic cash registers that are used in retail establishments to complete transactions. The point-of-sale system is the heart of any retail operation. It is where cashiers are able to process sales, where inventory data is managed, where customer data is managed, and where financial transactions are managed. The point-of-sale system is also the central location for all of the data that comes out of the retail operation. The data is used to help make decisions about everything from inventory to pricing to marketing to staffing.