Point-of-Sale System: Advantages, Disadvantages, and Risks

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BUSINESS TECHNOLOGY
Student’s name
Subject
Date

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List of Abbreviation
POS point-of-sale
LAN Local Area Network
UMTS Universal Mobile Telecommunications System

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Contents
List of Abbreviation............................................................................................................................2
INTRODUCTION.................................................................................................................................4
Executive Summary...........................................................................................................................4
POINT-OF-SALE SYSTEM.................................................................................................................4
Advantages....................................................................................................................................4
Disadvantages................................................................................................................................5
POS competitive advantage...............................................................................................................6
POS database.....................................................................................................................................7
POS and decision making...................................................................................................................7
Telecommunication option in POS....................................................................................................8
Risks associated with the system.....................................................................................................10
Conclusion and recommendations.......................................................................................................10
References...........................................................................................................................................12

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INTRODUCTION
Executive Summary
The point-of-sale system often denoted as the point of service since it is not just a point of
sale but also a return point or customer order. POS lethal software may also include aspects
for additional functionality, such as CRM, warehousing, financials, or inventory
management. According to Abraham (2018), businesses are progressively adopting POS
schemes, and one of the most visible and compelling motives is that a POS system does away
with the necessity for price tags. Selling costs are linked to the product cipher of an item
when tallying stock, so the cashier only needs to scan this cipher to enhance sale. If there is a
price alteration, this can also be done merely over the inventory frame. After engagement of
the point of sale system in the association, many advantages will be enriched out of same.
POS is the instance and location where a sales operations are completed, and there are no
unverified aspects from either of the parties involved in the commerce. At this point, the Four
Seasons Greenhouse and Nursery in the case estimate the amount billed to the customer and
later makes an invoice and offer several options for different disbursement. The system also
assists in the implementation of diverse discounts sorts and loyalty line-ups that tends to
attract customers in the market zone in procuring the products/services offered.
POINT-OF-SALE SYSTEM
Advantages
After POS implementation in the business, there will be added benefits that will assists much
in improving the overall productivity. A study by Carvalho, K., and Dimmick (2018) states
that companies employing POS application have an upper hand of outdoing their competitors
in the business. The small nursery in the case study will develop the benefits of having a