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| Business of Information Technology > Business Processes > Sales > |
POS
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ALSO CALLED: Point of Sale
DEFINITION: A point-of-sale (POS) terminal is a computerized replacement for a cash register. Much more complex than the cash registers of even just a few years ago, the POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network,
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POS DEFINITION (continued): … and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a restaurant, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including restaurants, lodging, entertainment, … POS definition sponsored by WhatIs.com, powered by WhatIs.com an online computer dictionary
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