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(Solved) HC1041 IT for Business

   

Added on  2020-04-15

12 Pages2636 Words106 Views
Running head: POS SYSTEMPOS SystemName of Student-Name of University-Author’s Note-

Table of ContentsIntroduction..........................................................................................................................21. Advantages as well Disadvantages of Point of Sale System...........................................22. POS System provides Competitive Advantages..............................................................43. Benefits of Centralized Database.....................................................................................45. Recommendations of Telecommunication Options.........................................................56. Risks in POS System with Mitigation Plans....................................................................6Conclusion...........................................................................................................................7References............................................................................................................................8Appendices........................................................................................................................10Appendix 1.....................................................................................................................10Appendix 2.....................................................................................................................10

IntroductionThe definition of POS cab be stated as the exact amount of time that is needed for theretail sale transaction till the transaction gets complete. When the retailer evaluates the exacttime when the customer takes the good from the user, that exact point is known as Point of Sale(Rese, Schreiber & Baier 2014). In Point of sale exact time as well as exact amount of money isevaluated. For the POS to be completed, the customer is to be provided with an invoice for theamount that the customer is paying and for the good that is customer is taking. After the givingthe invoice, when the customer pays the amount of money to the manufacturer and at that timethe sale is known as Point of Sale. Without the invoice and without the payment method, thePOS system is not being completed. The POS system can be used by big companies as well assmall companies where transactions take place.1. Advantages as well Disadvantages of Point of Sale SystemThe Point of Sale serves with many advantages as well as many disadvantages. When anorganization implements the POS system, the organization will have to face advantages alongwith disadvantages. For the organization of Four Seasons Greenhouse and Nursery, theadvantages that the company can get from the Point of Sale is are stated below.1. The advantageous features that the Point of Sale provides to Four Seasons Greenhouseand Nursery is that the system is very efficient and provides a rapid result. The organization canincreased the efficiency of the system by the using the Point of Sale system (Madden and TAN2015). the transaction that are to be take place in the organization should be efficient enough sothat there is no mistake and there is no wrong transaction that is possible for manual transaction.POS system makes the transaction process faster.

2. As the Four Seasons Greenhouse and Nursery is maintain its inventory through manualsystem. There are some register in the organization that are most often not maintained properly(Dai 2015). To make the inventory most efficient and most to keep a track on the store, the Pointof Sale is Used so that the organization can keep track on the store. The employees are not ableto maintain the system properly in the organization. If a POS system is implemented, thisproblem can be mitigated.3. The system of POS cannot be wrong, and the exact amount of money will be takenfrom the user as well as the suppliers. The chance of making mistakes increases when the systemis manually. There can be calculation mistake in manual process (Wang et al. 2014). But in Pointof Sale there is no chance of such mistake. The system is perfect for Four Seasons Greenhouseand Nursery. The system of Point of Sale cannot be always flawless. In fact, all the system in theuniverse provides the user with some issues. So, the POS system also has some disadvantagesthat are stated below.1. The infrastructure of the system that is needed for implementing the Point of Sale isthe very costly. The organization of Four Seasons Greenhouse and Nursery is a small sizedcompany that deals with the garden equipment and plants, is basically a small sized companythat does not have much capital to implement a costly system in their system (Orr et al. 2015).For implementing the system of POS in the infrastructure, the organization needs to have hugecapital. To implement the POS system in the nursery may lead to financial crisis in theorganization.

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