Benefits of POS for Small and Medium Size Enterprise

Running head: BENEFITS OF POS FOR SMALL AND MEDIUM SIZE ENTERPRISE
BENEFITS OF POS FOR SMALL AND MEDIUM SIZE ENTERPRISE
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1Influence of POS
Executive Summary:
According to case study it has been observed that the small industries and businesses were
mostly unaware of the usage of information technology in their field. Due to lack of resources
and expertise it was very difficult to implement the strategies of information technology. This
case has considered a small Greenhouse and nursery as a small size enterprise (SME’s).
These SME’swere facing several problems regarding their profits and productivity. I order to
overcome from those problems Point of sale system (POS) was introduced. After
implementation of this technology it allowed the owners to keep track on important data and
sale transactions. This report will discuss about how the POS has made changes in SME’s in
terms of enhancing their profit and productivity. It will further recommend several
telecommunication options for the betterment of POS system.

2Influence of POS
Table of Contents
Introduction:...............................................................................................................................3
Benefits and Drawbacks of POS system in small businesses:...................................................3
POS system to improve the business growth:............................................................................4
Advantages of Centralized database:.........................................................................................4
POS system to facilitate the Decision making:..........................................................................5
POS system for effective business activities:.........................................................................5
Manual tracker is effective or not:.........................................................................................5
Facility of Decision making to address the questions effectively:.........................................6
Steps taken for the betterment of the business:......................................................................6
Recommendation of telecommunication for POS system:........................................................6
Risk factors and Risk Managements of POS system:................................................................7
These risks can be managed by adopting some strategies:....................................................7
Conclusion:................................................................................................................................7
Recommendation:......................................................................................................................8

3Influence of POS
Introduction:
According to case study it has been observed that the small industries and businesses
were mostly unaware of the usage of information technology in their field. Due to lack of
resources and expertise it was very difficult to implement the strategies of information
technology. This case has considered a small Greenhouse and nursery as a small size
enterprise (SME) (Laudon 2016).This SME were facing several problems regarding their
profits and productivity. As per (Shimoda 2016) in order to overcome from those problems,
Point of sale system (POS) was introduced. Based on the case study this report will discuss
about the advantages and disadvantages of POS system in the field of SME’s like nursery and
greenhouse, and how POS is helping the business to improve their business growth. It will
further discuss about the facility of decision making in POS system, how the offered
telecommunication options are addressed by POS system and as well as the risk factors of
POS’s.
Benefits and Drawbacks of POS system in small businesses:
POS system has several advantages over the traditional data management system. In
the traditional nursery farming the management team used the manual registration process to
track their productivity and employee behaviour but after the invention of POS system,
the management team can now effectively communicate with their employees and track their
behaviour and activities, this strategy also helps to keep track on their productivity as well
which improves their work efficiency (Tajeddini 2013). POS system provides accurate
results rather than probable results. However, POS system has several benefits over small
businesses it has some drawbacks too. The enterprise should have reliable internet
connection as this entire process is web-based. As the POS software updates very
frequently this technology requires updated software as well as advanced hardware. POS