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IT FOR BUSINESS
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IT FOR BUSINESS Executive summary The paper will discuss about the case study “Blooming”. It can be stated that POS is method that can assist the company to achieve competitive advantage. In the present case, technology plays an essential role and it emphasizes on managing the operations of the company. So, the case will by considering various factors of POS which will boost the sales of the organization. So, there are various aspects related to risks, privacy and security that will be discussed and it is important to be considered for the small units to boost the sales in the highly competitive market. 1
IT FOR BUSINESS Table of Contents Executive summary.....................................................................................................................................1 Introduction.................................................................................................................................................1 Advantages and disadvantages of new POS System....................................................................................1 Disadvantages.........................................................................................................................................2 POS can assist in achieving the competitive advantage..............................................................................2 Centralized database (Advantages).............................................................................................................2 POS facilitate in the decision making process..............................................................................................3 POS in maintaining the business efficiency..............................................................................................3 Manual techniques assist to track information.......................................................................................4 Type of questions....................................................................................................................................4 Data collected control the activities........................................................................................................4 Telecommunication in POS..........................................................................................................................4 Type of network......................................................................................................................................4 Type of media..........................................................................................................................................5 Risk Type in POS system..............................................................................................................................5 Security....................................................................................................................................................5 Privacy.....................................................................................................................................................5 Confidentiality.........................................................................................................................................5 Conclusion...................................................................................................................................................6 References...................................................................................................................................................6 2
IT FOR BUSINESS Introduction POS is known as the initial step which is considered by the business as it can help in completing the entire operations between the workers and customers. It is necessary for the companies to focus on the concept of POS as it can help in accomplishing the set goals. “Blooming with technology” is the name of the case study that will be considered to elaborate the different factors related to the POS. Advantages and disadvantages in relation to POS will be discussed as it will assist in managing the overall operations of the business. Also, with the help of this concept it can be simple to take right decisions beneficial for the growth in the highly competitive market. It can be stated that companies can attain its goals with the help of POS and also goodwill can be maintained in the competitive market. Advantages and disadvantages of new POS System By considering the technique of POS, it can be seen that there are many disadvantages and advantages in relation to entire process. The data of four seasons’ greenhouse and nursery is necessary to be maintained in the market. By considering this technique it can be simple to gather the data in less space and also it will helps to manage the overall activities of the company. POS technique helps to manage and secure the information in a proper way. It has been noted that in Four Seasons Greenhouse and Nursery, the important information can be managed by POS and it helps to manage the entire sales in relation to the products and services offered by the company in the competitive market. By managing the entire inventory it can be stated that focus should also be given on the sales history of the products. To control the entire activities related to inventory it has been seen that the choices are many which should be taken into consideration so that operations can be managed smoothly. When focus is given on the units it has been examined that there are learner inventory on which the focus should be given as it can help in managing the overall activities (Medineckien et al., 2015). 3
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IT FOR BUSINESS In Four seasons Greenhouse and Nursery it can be seen that with the entire cost, reporting is also one of the parts that can help in evaluating the correct data in relation to the entire products and it will assist in attaining the profits. By taking into consideration this technique, it can be stated that there are various aspects like accounting that can help in controlling the transparency. The method related to POS can help the company in managing the entire data which is gathered. Disadvantages It can be stated that up-gradation is one of the factor which is necessary for the company. To emphasize on the overall technique related to up- gradation it is essential to finish it on the regular basis as it can assist in increasing the entire cost of input. Risks is also one of the major aspect which can take place and it can be seen that risks could be related with hacking the data and also in controlling the data of the company which is given to the next person who does not have the power to access it (Farias, 2015). POS can assist in achieving the competitive advantage POS technique helps the company to manage the entire activities and the overall activities which are conducted can assist in attaining the competitive advantage. By this method, it can be easy to gather the data that can assist in making the right decision which is beneficial for the organization. Point of sales not only emphasizes on controlling the information of the organization but also focuses on maintaining the products as it can help in achieving the competitive advantage. Also, with this technique the organization can easily enhance the profits and can maintain the large market share. Centralized database (Advantages) If centralized database is considered, then various advantages can be taken into consideration. Centralized database is essential for the organizations but in context to small companies it can be one of the major factors as it is a simple way which can manage the entire change which takes place and it can help in enhancing the security of the data. One of the benefits is concerned with the data integration. This can be related with the low information redundancy. In context to the company, it can be seen that the data which is 4
IT FOR BUSINESS collected can help in maintaining the security and can manage the issues which are prevailing on the routine basis. Time frame is also the important aspect that can affect the overall data of the company. It can be analyzed that it helps to manage the data of the organization and also the overall process of the company can be smoothen in a proper manner. Database of the company is maintained when the entire data of the company is controlled. So, these are the points that can assist in managing the overall activities and can help in attaining the set targets and goals (Eason, 2014). Decision making process To maintain the system of POS, it is necessary to emphasize on the factors related to effective decision making and also managing the overall information. If POS is considered in the overall decision making process that it can be simple to consider the right step which is beneficial for the company. It is important to maintain it as it can be simple to attain the entire goals of the organization. POSboost growth At the time of focus on enhancing the demand of the products, the technique related to POS is considered so that it can be easy to attain growth.It can be stated that if emphasis is given on the overall process of decision making then it can assist to offer discounts and benefits by taking into consideration the data of the actual time. The information which is collected can offer advantage in controlling the overall activities of the office and also it emphasizes on the customer analysis which is important to be maintained (Ingram et al., 2015). By evaluating the entire data it can be simple to make the decisions which are beneficial for the company. If proper decisions are considered than it can be simple to consider the competitive advantage of the organization. It is necessary to focus on the weakness so that sales can be managed and also it will help to promote the products and services. It can be stated that data should be tracked through POS System as it finds the actual position of the company (Cavelty and Mauer, 2016). Manual techniques assist to track information If manual technique is adopted then time consumption is more which will not be beneficial for the business in the recent scenario. Manual technique can gather the wrong information which can adversely impact the overall process of decision making. To secure the data it is necessary to 5
IT FOR BUSINESS consider the human efforts and also to focus on time management. But at the time of tracking the data confusion can take place in the business (Boddy, McCalman and Buchanan, 2018). Type of questions It is important to give proper response of the questions as it can help to secure the information. Questions can also be related with the marketing and sales method and it helps to focus on the POS technique. The doubts of the customers can also be resolved as it can assist to maintain goodwill in the market. It can be declared as the beneficial decision for the organization. Data collected control the activities The information can be gathered through POS technique. It can be stated that information can assist to consider the effective decisions which emphasizes on the area of discrepancies. POS technique can help in managing the change and also it can be implemented in an effective way. Telecommunication in POS By evaluating the telecommunication area it can be stated that it is related with four seasons’ greenhouse and nursery. The choice is also concerned with the telecommunication sector and it can help in maintaining the overall requirement of the organization. There can be various choices which are related with the business and it is connected with the various types of network. Network categories It has been observed that telecommunication need the technique of POS. The suitable choice can be related with LAN in which the size of the company is also taken into consideration. If the company is operating on small scale, then the need of the network will be less. The connectivity of the LAN can be high if speed is taken into consideration and also it will emphasize on the resources related with the small companies who have the limited resources (De Velasco Cortina and Rietzler, Neology Inc, 2017). Type of media By going through the factors present in the case study, it can be said that the technology related to wire is best suitable for the small scale business. If companies focus on considering the wired technology then it can be said that they are securing their information from hacking. Ethernet 6
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IT FOR BUSINESS cables can also be taken into consideration and it assist in maintaining the connectivity process. This technology is required for Four Seasons greenhouse and nursery. Risk Type in POS system If the use of POS is done, then there are many factors which can impact the overall operations. The negative impact can be seen on securing the information. Security To maintain the security, it is important for the companies to focus on considering the POS method so that it can be easy to boost growth. So, it is important for the organization to focus on securing the information so that stakeholder’s safety can be boosted. It can also focus on reducing the risks related to hacking. It is necessary or the business to reduce the risk of hacking as it can help to maintain the overall profits of the company. Therefore, it is necessary for the organizations to emphasize on emphasizing on process of authentication so that data can be managed in a proper manner. Privacy POS system focuses on the data is beneficial for the company. It is important to maintain the privacy of the information and it can be stated that the data is also concerned with the consumers as it can help in boosting the overall goodwill of the organization in the market. Small business requires more privacy as it can help them to grow in the highly competitive market. Privacy secures the entire data of the business and also through this it can be easy to attain the competitive advantage prevailing in the market (Acquisti, Taylor and Wagman, 2016). Confidentiality In POS System it can be stated that if the data is leaked then the activities of the organization can be impacted. By emphasizing on the overall routine, it can be stated that the detail of debit and credit cards can be leaked and it can create the problem for the big companies and also for the small companies in the market. It is important for the organizations to focus on the securing the data with the help of firewall so that security of the data can be maintained and also it will boost the growth of the company (Cannataci et al., 2016). 7
IT FOR BUSINESS Conclusion Therefore, it can be concluded that there are various benefits and drawbacks which are connected with the overall system of POS. It has been analyzed that it should be controlled so that competitive advantage can be attained in the highly competitive market. The system can be also concerned with centralization which is necessary for the workers to be promoted as it can help in making the right decisions in context to the overall activities of the company. It can be observed that through wired technologyit can be easy to maintain the privacy of the data and also it will help to boost the operations. References Acquisti, A., Taylor, C. and Wagman, L., 2016. The economics of privacy.Journal of Economic Literature,54(2), pp.442-92. Boddy, D., McCalman, J. and Buchanan, D.A., 2018.The New Management Challenge: Information Systems for Improved Performance. Routledge. Cannataci, J.A., Zhao, B., Torres Vives, G., Monteleone, S., Bonnici, J.M. and Moyakine, E., 2016.Privacy, free expression and transparency: redefining their new boundaries in the digital age. UNESCO Publishing. Cavelty, M.D. and Mauer, V., 2016.Power and security in the information age: Investigating the role of the state in cyberspace. Routledge. De Velasco Cortina, F.M. and Rietzler, M., Neology Inc, 2017.System and method for providing secure identification solutions. U.S. Patent 9,558,385. Eason, K.D., 2014.Information technology and organisational change. CRC Press. Farias, A.S.P., 2015.System for accessing a POS terminal, method for downloading and updating applications and method for performing electronic operation using such a system. U.S. Patent 9,131,012. Ingram, T.N., LaForge, R.W., Williams, M.R. and Schwepker Jr, C.H., 2015.Sales management: Analysis and decision making. Routledge. 8
IT FOR BUSINESS Medineckiene, M., Zavadskas, E.K., Björk, F. and Turskis, Z., 2015. Multi-criteria decision- makingsystemforsustainablebuildingassessment/certification.ArchivesofCiviland Mechanical Engineering,15(1), pp.11-18. 9