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Impact of IT on Business Introduction

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Added on  2020-06-04

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Advantages and disadvantages of POS systems Advantages: This system helps to generate purchase order or reorder items and it can also reduce amount work as well as expense which in turn boost up the profits. This software will help to runs the network and updated regularlyas well as it allows to install new updates by scheduling them with help of POS vendor. Disadvantages: The client or individual will become most probably quite exhausting, but unfortunately is a must without adequate back up of POS as it is important that not to

Impact of IT on Business Introduction

   Added on 2020-06-04

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Table of ContentsINTRODUCTION...........................................................................................................................11. Advantages and disadvantages of POS systems.....................................................................12. Effectiveness of POS system for organization in gaining competitive advantage..................23. Benefits of having a centralised database...............................................................................24. Usage of POS system in decisional process............................................................................35. Recommend suitable telecommunication for this POS system...............................................46. Type of risk does the POS system and methods of preventing business against risk.............5CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................5
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INTRODUCTIONPurchase of order plays a very vital role in selling practices . It is useful as it has all the detailsregarding sales , inventory and budgets. All the required data can be fetched and observed veryeasily which helps in proper planning and analysis (Minsky, 2015). They are connected througheach other with effective communication channel which helps in regulation and easy flow ofinformation in both internal and external environment .promotional activities which are donethrough the IT platform are helpful fetching more customers. An effective usage of IT can bringgood rate of return in market scenario.1. Advantages and disadvantages of POS systemsAdvantages:This system helps to generate purchase order or reorder items and it can also reduceamount work as well as expense which in turn boost up the profits.It can be easily mentioned sold items or most popular products as well. This system alsoprovide use point of sale data to observe seasonal trends having their merchandise salesand stock their shelves for gaining advantage of demand.This software will help to runs the network and updated regularly as well as it allows toinstall new updates by scheduling them with help of POS vendor. It maintain ongoing feeto cover updates and reach top of cost of the initial set up.The registrations of store system connected to central network which turns in its ownsecurity risks. It it will not updated or having some incorrect aspects then there can beoccurrence of some kind security breaches takes place (Michalewicz and Fogel, 2013).Disadvantages:The client or individual will become most probably quite exhausting, violent butunfortunately is a must without adequate back up of POS as it is important that not toprovide much information to customers regarding the system.Sometimes people may not understand about company or its brand but the thing is theyare visual and their eyes can scan for something to read about so it is needed to makesure providing correct thing.1
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It creates problems of having bugs appearance during work which is common in softwares but it becomes irritating when customer count is very large and they become quiteviolent for feeling wasting of their time by company.This system is unable to record sales of products on shopping applications like Amazon,Snap-deal, Myntra etc. as it does not download those orders and keep inventory in syncthrough each channel.It is a combination of different technologies and it get complex day by day building thedependence in third party consultants for some restaurateur perspectives to have a solid plan thatcomes up with POS system (Admati and Hellwig, 2014). 2. Effectiveness of POS system for organization in gaining competitive advantageUpdate of software: If in case of purchasing any software then it is need to purchase itsupdated version regularly due to change in retail and technology but when making subscriptionof POS system will never force the company to pay for an upgrade again as they are included soit reduce or save extra money which can be implemented to beat competitors. Firms do not gettrapped of paying repeatedly for new updates of software to do work effectively.Support is unlimited: Software issues takes more time. So if company is facing someissues with soft wares then they need help from vendors and definitely they will charge moneyfor their help service fir solving issues but after purchasing POS system, they have access tounlimited support daily because this system has separate option to solve daily issues by user onlyand there is no need to call software vendor for small issues. It is also mode of saving money asit will apply to other process where more capital is needed to compete with others.Get Education: If firms are implementing something new then training or learning ismandatory to use new technology efficiently to make profits as in case of POS system then itprovides subscription solution along with it to allows company for staying in competitive world.Lower cost while expanding: Sometimes, organisation want to open new branches orstores at different places then they need to purchase software systems again and again byinvesting lots of money on then because they can't work without it (Gomzin, 2014). In respect ofPOS system, it can be mentioned that they will provide their service with offer of upfront lowercost for repurchasing at new location to expand with firm's growth. Similarly, as firms can savetheir money with POS system and can invest that where it is needed helps to make profits. 2
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