The point of sale (POS) systems are a vital part of every retail business, regardless of the size of the business. These advanced solutions are capable of performing numerous business operations that make running a retail business convenient. Starting from processing payments to inventory tracking and managing, building and maintaining customer relationships, generating sales reports, and a lot more, point of sale (POS) systems are extremely beneficial for a business. Therefore, choosing the right solution that suits both your business needs and budget is important. Point of sale (POS) systems require a set of hardware and software components to function and are usually available in bundles, for example, Vend POS bundles or Shopify POS bundles . In this article, we have discussed the essential hardware components of a point of sale system. Before doing so, let us dig a bit into its history. The Introduction of a Point of Sale (POS) System Over two decades ago, an Ohio-based salon owner...