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IT for Business - Assignment PDF

   

Added on  2021-06-17

10 Pages2623 Words44 Views
Running Head: IT for BusinessIT for Business

IT for Business 1ContentsIntroduction.................................................................................................................................................1Advantages and Disadvantages of new POS system....................................................................................1Competitive advantage through POS system..............................................................................................2Advantage of centralized database.............................................................................................................2POS system facilitating decision making......................................................................................................3Ways in which POS systems process business activities effectively.........................................................3Types of questions that could be answered............................................................................................4Information used for better business management................................................................................4Telecommunication options available.........................................................................................................4Type of network......................................................................................................................................5Type of media..........................................................................................................................................5Types of risks in POS system........................................................................................................................5Conclusion...................................................................................................................................................6References...................................................................................................................................................7

IT for Business 2IntroductionIn the digitalized environment, information technology has become one of the most crucial needsof the modern day business activities. No organization can become competitive without using thehi-tech information technology practices. Use of such technology smoothens the businessactivities, also it ensures that the organization do not face any difficulty in the initiating theiractivities in the competitive environment (Adeoti, and Osotimehin 2012). The below mentionedreport provides a detailed information about the point of sale services of the organization. Thegiven case study of Four Seasons Greenhouse and Nursery, located in Colorado explained thatthe company is facing difficulty in recording the information and managing effective sales aswell. Resulting to which, the organization introduces the POS system. The report providesadvantages, disadvantages, risks, competitive advantage gained by the company with the use ofthis process. It also explains the ways through which the company uses POS system to facilitatedecision making and advantages of centralized database. More details about the report arediscussed below:Advantages and Disadvantages of new POS systemPOS system is one of the most significant technologies used in the business that helps them inthe process of increasing the efficiency of the organization. Some of the advantages of POSsystem are discussed below:Improved efficiency: This process increases the efficiency of the organization byemploying technology in the business process. Earlier the organization used to record thesales transaction manually that gave chances to error and issues in the organization. Apartfrom accuracy, this process also reduced the pressure of the employees so that they canfocus on other innovative activities.Accurate reports: With the increase in efficiency, accuracy of the work is alsoincreased. The company uses automated machine to record the transactions and calculatethe profit and losses for the organization that increases the accuracy for the company(Gomzin 2014).

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