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Impact of IT on Business Assignment

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Added on  2020-05-16

Impact of IT on Business Assignment

   Added on 2020-05-16

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1Impact of IT on Business
Impact of IT on Business Assignment_1
2SummaryFour Seasons Greenhouse and Nursery is a small nursery business which is located in Colorado. The company used manual registers and traditional ways to manage its inventory. But in 2008, the company implemented point-of-sale systems to manage the inventory and the data.POS systems helped in facilitating decision making processes. The easy accessibility of the data made profits to the company as it saved time. The telecommunication process of the POS systems is recommended. Apart from this, the risks of POS systems is analysed and thendescription of measures taken to solve these risks are determined. The information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. With the example of Four Seasons Greenhouse and Nursery it has been explained that how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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3ContentsImpact of IT on Business...........................................................................................................1Summary....................................................................................................................................2Introduction................................................................................................................................4Advantages and disadvantages of POS system..........................................................................5Business gain competitive advantages.......................................................................................5Advantages of centralized database management system..........................................................6Decision making process............................................................................................................7Technologies of POS systems....................................................................................................7Risks of POS systems.................................................................................................................8Prevention of risks......................................................................................................................9Conclusion................................................................................................................................10References................................................................................................................................11
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4IntroductionThis report depicts the use of information technology which is needed by every industry size and type of business particularly in small businesses. The benefits of technology for small and medium sized enterprise are explained by the help of Four Seasons Greenhouse and Nursery which is located in Colorado. Prior to the implementation of the point-of-sale systemthe company used manual registers to track and maintain the inventory which was very difficult.The point-of-sale system was implemented in 2008 and it allowed the owners to track useful business data from the sales transactions. This system helped in decision making process for an inventory item, such as how many were purchased, discarded, and sold. With the help of this system, the organisation was able to maintain its data accurately and as a result it lead to profit of the company.
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