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IT for Business POS system

   

Added on  2021-06-15

11 Pages2551 Words29 Views
Student details[Email address]IT FOR BUSINESSPOS System

I T f o r b u s i n e s s P a g e | 1AbstractThe below mentioned report evaluates the implementation of new POS system which iscommonly used in many organizations. Apart from this, the report also contains the advantagesand disadvantages of using new POS system along with the several telecommunication options.

I T f o r b u s i n e s s P a g e | 2ContentsIntroduction.................................................................................................................................................3Advantages and disadvantages of the new POS system...............................................................................3POS system help the business gain competitive advantages........................................................................4Advantages of having a centralized database...............................................................................................4POS system helps to facilitate decision making..........................................................................................5Telecommunication options for this POS system........................................................................................6Type of risks does the POS system bring and ways to protect the business against the risks......................7Conclusion...................................................................................................................................................8Recommendations.......................................................................................................................................8References...................................................................................................................................................9

I T f o r b u s i n e s s P a g e | 3IntroductionThe new POS system is one of the most advanced option which is used by several companiesthat will benefit them to create a competitive advantages and also gain huge amount of businessprofits. The implementation of new POS system in any organization helps to take wise decisionsand it is most commonly used system in current scenario.Advantages and disadvantages of the new POS systemThere are several advantages and disadvantages of POS system. According to the case studygiven, the new POS was entered in 2008. It helped the business to keep the record of data fromthe sales contracts, reduce the manual work of sales transactions and compile the sales history. Itdelivers a lot more than a cash register. The new POS system offers more vigorous functionalitywhich includes inputting, tracking and distribution of data in order to provide necessaryinformation to function and control the business activities. POS system helps to create anaccurate and reliable inventory counts which will reduce the guessing on in what quantity toorder. It supports business to function on leaner inventory units. This system also helps inoffering a detailed description of the items which were procured, rejected and sold. With the helpof new POS system, the owners had no much ideas about their business activities and they alsostated that there were few products which were less profitable as they expected to be. Therefore,a new idea of the “real costs” was delivered by this system (Coffing and Bonfiglio, 2017). The disadvantages of using POS system is that it reduces the owner’s establishing goals andobjectives rather than depending on the system’s data. As a result, it may be costly to purchasethe new POS system majorly for small business because it costs nearly £2000 or higher in theUK. A part from this, the maintenance of such system is very difficult and complex. However,there are many suppliers who offer free maintenance for a limited period of time but regularmaintenance has proved to be time consuming and disruptive in nature. It also includes trainingcosts and sometimes power failure can also be an issue as well (Hall, 2012). POS system help the business gain competitive advantages

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