What is POS?
POS stands for Point of Sale.

This could be a cash register, a checkout counter, a mobile device with a POS app, or even an online platform. And the moment of exchange: It's the exact time when the customer pays for goods or services.

Key functions of a POS system:

• Processing payments: Accepting various payment methods like cash, credit cards, debit cards, and digital wallets. 
• Inventory management: Tracking stock levels, generating purchase orders, and managing low stock alerts. 
• Sales reporting: Generating sales reports, analyzing sales trends, and identifying top-selling products. 
• Customer relationship management (CRM): Collecting customer data, managing customer loyalty programs, and personalizing customer interactions. 
• Employee management: Managing employee schedules, tracking time and attendance, and controlling access to the system.

In essence
a POS system streamlines the sales process, improves efficiency, and provides valuable data for businesses to make informed decisions.