Point of Sale (POS) systems

Running Head: Point of Sale (POS) systems
IT FOR BUSINESS

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Point of Sale (POS) systems
Executive Summary
In this report a comprehensive discussion will be done on the use of a new technological tool
called POS or point of sales system and how a POS system is used to improve the business
process. Four seasons Greenhouse and Nursery is a small business which initially used manual
register to keep track of their work. Now, the business has integrated POS systems with its
business operations and is using the data collected to make the process more efficient. The report
will discuss the pros and cons of a POS and how it helps in gaining competitive advantage for
four season’s owners.

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Point of Sale (POS) systems
Table of Contents
Introduction....................................................................................................................................3
1. Advantages and Disadvantages of POS systems..................................................................3
2. Gaining competitive advantage through POS.....................................................................4
3. Advantages of Centralized Database....................................................................................4
4. Decision making using POS...................................................................................................5
5. Options of Telecommunication for POS..............................................................................6
6. Risk related to POS and how to protect?.............................................................................7
Security risks associated with POS...........................................................................................7
Privacy risks associated with POS............................................................................................7
Confidentiality risk associated with POS.................................................................................7
Conclusion......................................................................................................................................7
References.......................................................................................................................................9

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Point of Sale (POS) systems
Introduction
As the world is moving fast in the field of technological advancements, it is important for every
business to integrate its business process with advanced technology to make its operations more
efficient. The application of information technology in the business sector has brought drastic
changes on how business operates and excels. With these technological ramifications, the
businesses are now focusing on becoming more efficient than being effective. As such advanced
tools provide an advantage of simplifying the process more. Nowadays business are focusing on
innovative ways for getting more efficient results in business.
The report will be discussing an example of such advanced technological tool called POS or
point of sale system and how it helped a garden center named Four Seasons Greenhouse and
Nursery to enhance their business operations. A POS system is used to make transactions for
accepting payments from customers. Initially, four seasons used to rely on manual registers to
carry out the business process but after implementing the POS system with the business
operations, it has helped the business to grow and get information about various aspects of the
business process.
In this report, the use of POS will be explained and what are its advantages and disadvantages.
Also, the paper will cover how POS helps in excelling the business and gaining competitive
advantage along with several other aspects.
1. Advantages and Disadvantages of POS systems
Every technology once integrated into the business operations provides various advantages, but
this technology also has its cons and drawbacks which should also be taken into consideration by
the business. There are several advantages and disadvantages of a POS system which are:
By implementing POS system into the business operations, the most important advantage a
business can gain is improved efficiency of the process. POS system automates the process and
there is no need of manual intervention of people in recording the price of products. It also helps
in better management of stock and helps the business to operate on leaner inventory. With the