IT For Business: Analysis of Bloomberg Case Study on POS

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IT FOR Business

IT For business
Executive Summary
In this report the discussion will be made by analyzing the Bloomberg case study. The points
that will be covered in this paper are related to POS. Technology plays a great role in conducting
the activities of the organization. So, in the paper the discussion will be made on the advantage
and disadvantage of POS, benefits of centralized database, Role of POS in the process of
decisions making telecommunication option in POS and also risk system in POS. These factors
will be elaborated in the paper which also considers the information related to Bloomberg case
study.
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IT For business
Table of Contents
Executive Summary.........................................................................................................................1
Introduction......................................................................................................................................3
Advantages and disadvantages........................................................................................................3
POS related to competitive advantage.............................................................................................4
Benefits of centralized database......................................................................................................4
Role of POS in process of decision making....................................................................................5
Effectiveness of POS...................................................................................................................5
Information can be tracked by focusing on the technique related to manual..............................6
Type of question to be answered..................................................................................................6
Information considered in managing the business.......................................................................6
Telecommunication option for POS................................................................................................6
Type of network...........................................................................................................................6
Type of media..............................................................................................................................6
Type of risk in the system of POS...................................................................................................6
Conclusion.......................................................................................................................................7
References........................................................................................................................................8
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IT For business
Introduction
In this report, the discussion will be made on the technique related to POS. The
discussion will be based on the case related to Bloomberg. By considering the case study the
discussion will be made in this paper. It has been seen that technology plays a great role in
completing the activities of the company. If the company adopts the latest technology then
operations can be completed in a proper way. POS is considered as a place where the overall
sales are made.
POS is a step in which the activities are conducted between the customers and a
merchant. Point of sale takes into consideration many merits and demerits and it is important for
the company so that the routine task can be completed in a proper way. This method can help the
company to consider the right decisions so that activities can take place in a right manner
(McLaughlin and Lyon, 2016).
Advantages and disadvantages
There are various points that are related to the advantage and disadvantage of a new point
of sale. The advantages are
a.) It can be easy for the company to store the data in less space and it in
relation to it there are many facilities like distributing, storing and maintaining the track
of the information (Bain, Chuang and Walster, 2017).
b.) There are also various essential transactions which are seen in POS and
proper ranks are given when sales take place so that products can be controlled in an
effective manner.
c.) The information or the data which is gathered with the technique of POS
can assist in enhancing the inventory and also it controls the overall history which is
related to the sales that take place.
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