A Point of Sale (POS) system refers to the combination of hardware and software that a business uses to centralize all its operations. Any POS system will handle your sales and track your inventory, but the best ones will also help a business manage its employees, improve internal communication, and plan email marketing campaigns or customer loyalty programs.
A POS might be as simple as a single iPad with a quarter-sized card-reader running a POS app for a mall kiosk, or it might cover multiple registers in multiple locations for a big restaurant chain. The two largest industries served by POS are retail stores, such as clothes, electronics or jewelry outlets, and restaurants, which include anything from food trucks to fine dining.
In all cases, the right POS system should pay for itself several times over, since it streamlines every aspect of a business’ typical operations.