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What is Point Of Sale (POS) Software?
POS, an abbreviation for Point Of Sale is a comprehensive definition that can include merchandising benefits, displays and the procedures used to facilitate transactions. A POS system is a computer software and hardware system that archives sales as they occur; it solves diverse problems of operations and record-keeping. POS systems like Retail Management System are designed to instantaneously record any and all sales. Not only does that mean timely and precise sales tracking, but it also lets you freely classify inventory levels, particularly when there is a mismatch of figures in the book with actually available stock for businesses.