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Home > Terms > English, UK (UE) > Point of sale (POS)
Point of sale (POS)
The simultaneous recording of a customer sale and its effect on inventory levels, typically done in a retail environment using automatic data collection systems. Real-time point of sales data is sometimes used to automatically trigger replenishment orders as required, and can be used in sales analysis to review end-customer rather than distributor sales patterns.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Software
- Category: Supply chain
- Company:
- Product:
- Acronym-Abbreviation:
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