Check out our Industrial terms glossary
Point of sale (POS)
Physical, logical or virtual location where a consumer can purchase a product or a service; Structure for the distribution of food or non-food products to the public, usually located inside, on the edge or outside of built-up areas.
Pop Up Store
These are short-term stores which come into existence over a given period of time and usually emerge without much prior notification. They attract crowds and then either disappear or turn into a different type of store.
Postponement principle
The principle of deferral. Inserting a decoupling point as deep as possible inside the production cycle, separating management according to forecast and management according to orders. In this way it becomes possible to differentiate the products as much as possible in order to be able to reduce delivery lead times.
