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Point-of-Sale System Security Analysis

   

Added on  2020-05-28

10 Pages2851 Words58 Views
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Running head: IT IN BUSINESS0IT in business
Point-of-Sale System Security Analysis_1

IT IN BUSINESS1Table of ContentsIntroduction:................................................................................................................................................1POS: advantages and disadvantages............................................................................................................1POS and competitive advantage:.................................................................................................................2Advantages of centralised database:............................................................................................................2POS in decision making:.............................................................................................................................3Telecommunication for POS:......................................................................................................................3Risks:...........................................................................................................................................................5Conclusion:.................................................................................................................................................6References:..................................................................................................................................................6
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IT IN BUSINESS2Introduction:It is the report that focuses on POS system and its assorted aspects. POS system is the point ofsale system that has been installed in the business to achieve some of its benefits. This reportargues about those benefits along with its disadvantages to the company. The report alsoexamines the technical aspects of the system by explaining the cables and the types of networksused in POS system installed. There are some risks that has been associated with POS systemthat has been discussed in the report.POS: advantages and disadvantagesPOS is the point-of-sale system that is installed in the companies in order to manage the salesand the inventory. As per the case, there are many advantages of installing POS system in thecompany (Van Horn, Kearney, Giordano, Good, Dickinson, Wilz Sr, Furlong, Hejl, Walczyk andCoyle, 2017). POS system helps in tracking the sales transactions which in turn provide theupdates for inventory. It also helps in making decisions for inventory and sales. The predictionfor the inventory can be made accurately with the help of POS system. Reporting is also one ofthe most important aspects that are covered by POS system. Making reports helps to take betterdecisions. All these activities results in saving the time of the management and thus managementcan shift their focus on performing the core activities. Owners can provide responsibility to thestaff as per the established goals and the staff can also track their performance. This suggests thatPOS is not only helping the business but also the employees and staff.As far as the disadvantages of POS system is considered, it has been analysed that POS systemand its installation require the company to spend some of the money and this is an expensiveservice as compared to pen and paper work (Edwards, Skoog, Babu and Dorogusker, 2016). Inaddition to it, skilled labour is also required to handle the POS system and training needs to beprovided to the staff so that they can work on this part easily and make effective use of it.
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