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Information Technology Report | POS System Assignment

   

Added on  2020-05-16

10 Pages2930 Words47 Views
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Running head: BUSINESS1IT IN BUSINESS
Information Technology Report | POS System Assignment_1

BUSINESS2Table of ContentsIntroduction:....................................................................................................................................1Advantages of Point of sale:............................................................................................................1Disadvantages of POS system:........................................................................................................2Competitive advantages by POS system:........................................................................................2Centralized database:.......................................................................................................................2Decision making and POS:..............................................................................................................3Telecom in POS:..............................................................................................................................4Risks:...............................................................................................................................................5Conclusion:......................................................................................................................................6References:......................................................................................................................................6
Information Technology Report | POS System Assignment_2

BUSINESS3Introduction:This report discusses about the Point of sale system that is considered as an important technologyinstalled in the big and small companies these days for various purposes. It has some of thebenefits to the companies but also have some of the demerits that should be assessed beforeinstalling the system. This report focuses on explaining the same along with the description of itstechnical aspects including the cable and the wires used in the different type of POS networks.Advantages of Point of sale:The company in the case that is Four Seasons Greenhouse and Nursery was facing so much ofissues with regards to its operations. These issues need to be rectified and thus a new POSsystem has been installed in the business functions of the company. Following are some of thebenefits that the company has gained after installing the new POS system:Managing sales and inventory are the most important benefits that the company is enjoying afterinstall this new POS system (Wagner, Beimborn and Weitzel, 2014). The company can easilypredict the requirements of the products and the inventory and this helps in managing theinventory reducing the storing cost. This is because the inventory or stock is kept or ordered onlywhen it is required and that estimation can be made with POS. All the other benefits are relatedto inventory only such as POS system helps in analyzing the market which in turn provides theinformation about the demands. Not only this but it has the capability to track the sales and thetransactions made. This help Four Seasons Greenhouse and Nursery to analyze the overall profitsand the expected profits in the future can be estimated. Another important benefit that the POSsystem offered to the Four Seasons Greenhouse and Nursery is reporting. This system has all theinformation saved which can help inn among the reports of the data. These reports ultimatelyhelp in developing the plans and assessing the growth of the business (Benson, 2008). Last butnot the latest, one of the major benefits are the company can easily focus on their main activitiesand the time that was earlier spent on the non-value added activities can be spent on the majorbusiness activities (Edwards, Skoog, Babu and Doroguske, Square, 2016).
Information Technology Report | POS System Assignment_3

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