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HC1041 Small and Medium Enterprises (SMES)

   

Added on  2020-05-28

11 Pages2318 Words41 Views
Business DevelopmentProfessional DevelopmentElectrical Engineering
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Running head: POS SYSTEM ASSESSMENTPOS SYSTEM ASSESSMENTName of the StudentName of the UniversityAuthor Note
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POS SYSTEM ASSESSMENT1Executive Summary:Small and medium enterprises (SMEs) are equipping POS system to increase theirproductivity and it is proving to be great efficiency. The system has been assessed in thereport and evaluated to present its strength and weakness. The report has taken the case studyof the Four Seasons Greenhouse and Nursery which changed from being in loss to asuccessful level after implementing the system. Appropriate recommendations have beenmade relevant to the queries that are associated with the system. And in conclusion the reportoffers the threats and recommendations for the same.
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POS SYSTEM ASSESSMENT2Table of ContentsIntroduction:................................................................................................................................3Advantages and limitations of POS:...........................................................................................3POS role in competitive advantage:............................................................................................4The advantage of the centralized database:................................................................................4POS felicitates in decision making:............................................................................................5Telecommunication:...................................................................................................................6Risk assessment of POS system:.................................................................................................7Conclusion:.................................................................................................................................8
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POS SYSTEM ASSESSMENT3Introduction:Computers and networking are the most significant innovation of the 20th century.Two of them together have revolutionized the world. Education to warfare and industries allof the industries are the evidence of the change. Small stores and direct retailing services havealso been benefited one of the sources for that benefit is Point of sales (POS) system (Rahmanand Ripon 2014). This report is an attempt to assess POS system and various factors involvedin it with the help of the case of Four Seasons Greenhouse and Nursery. Four Seasons hasbeen greatly benefitted since the application of the system. The usability of the system, alongwith the management and implementation of the system in the business are also discussed inthe report. The report has been concluded with an evaluation of the potential threats to thesystem.Advantages and limitations of POS:The key advantages and limitations of the POS system have been discussed asfollows:Advantages:The system reduces the human effort and expenses associated with management of thebusiness (Meeker 2015).The success ratio of the offered product can be analyzed, and hence strategy forsustainability can be developed.The system also offers an increase in the productivity as saves a lot of time and effort(Zhu, Mukhopadhyay and Kurata 2012). Another advantage of equipping the system is that offers a hassle-free safekeeping ofthe information and financial records.
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