Strategic Information System Of Rainbow Illusion Assignment 2022
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Running head:STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION Name of the student: Name of the university: Author Note:
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1STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION Table of Contents 1.0 Introduction..........................................................................................................................3 2.0 Strengths in Rainbow Illusion system for controlling sales transaction..............................3 3.0 Problems avoided by Rainbow Illusion...............................................................................6 4.0 Situational Pressures............................................................................................................7 5.0 Reasons for distributed system architecture.........................................................................8 6.0 Conclusion............................................................................................................................9 7.0 References..........................................................................................................................11
2STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION 1.0 Introduction Rainbow Illusion is one of the identified retail chain industry that deals with the ready to wear or readymade clothes mainly for the females. This organization possesses 30 stores within the areas of Victoria and New South Wales. The individual stores of the organization comprises of a full time manager as well as an assistant manager that deals with the cash payments which are carried out within the organization with respect to each payment type. The revenue cycle of the organization thus faces a severe loss of the financial stages, which are to be analysed and further the solutions are to be identified. The management of the organization tries to use a distributed computer system rather than the centralised one. The report mainly deals with the overall aspects of strategies that are associated with the information systems of Rainbow Illusion. The focus of this report will be on the important strengths in regards to the transaction methodologies, which persists with the environment of the organization. The noteworthy methodology that is analysed as the strength of the organization is depicted as per the issues or the problems faced by the organization in respect to control the online transaction of sales. The next significant section that is identified in respect to the organization of Rainbow illusion are the situational pressures that may increase the likelihood of fraud. The most important section that will be highlighted within this report is the installation of the distributed computer systems rather than a centralised one. 2.0 Strengths in Rainbow Illusion system for controlling sales transaction The first significant strength that is identified in respect to this organization is depicted as the usage of the cash registers, which involves a four-stage process for recording each of the transaction that is being held within the environment of the organization. This record is being kept regardless of their payment type that is if the transaction is made through cash, cheque or bankcard. The invoices in respect to the transactions made are critically
3STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION reviewed by the cashier present within the store thus addressing the confirmation of the sale. The significant sale is then registered within the sales book that are maintained digitally (Hankeet al., 2018). The next stage that is adhered in respect to the transaction is depicted as the procedure of verification of the transaction invoice. The cash register present within the transaction system of the organization thus validates the transaction invoice mechanically. After this validation, the register automatically provides an auto generated number, which will help the organization top keep a track as well as search for a particular transaction in an easy way (Levandoskiet al., 2015). This process is identified as one of the significant strength of the overall transaction procedure that are carried out by the Rainbow Illusion retail stores. The next prominent strength that is identified within the transaction system of the organization is the analysing the overall credit approval regarding the sales which are paid in via cheque payment method. The cashier is responsible for effectively carrying out the overall procedure in regards to the respective cheque payment mode (Hirschman, 2015). The cashier effectively confirms the transaction to be successful after carrying out the overall validation in regards to the cheque provided by the customers. The significant invoice in regards to the transaction possesses of two copies, one is provided to the customer and the other one is kept by the organization for maintaining a track of the transactions that are done via this payment mode (Chakrabortyet al., 2016). The noteworthy tracking facility of the payment transactions thus adhering them for future references is one of the important factor associated with the organization of Rainbow Illusion. The overall transaction that is the sales as well as return slips in accordance to the fact of the product sale and return of the product that are being purchased from the store. The significant return policy of the organization performs the refund procedure effectively as per the payment mode (Chen, Agrawal and Kumara, 2015). This is handled effectively as the
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4STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION projectmanagermanageseverytransactionbykeepinganenhancedtrackofevery transaction associated with sale as well as refund with the help of transaction tracking mechanisms. This is effectively processed with the help of tracking mechanisms that is significantly adhered by the organization for maintaining the overall transaction done by the customers with the organization as well as the refund of the transactions if asked by the customers (Meents and Verhagen, 2018). The daily reconciliation report prepared by the assistant manager of the organization keeps a track of the overall transaction that are being credited as well as debited from the account of the organization thus verifying each transaction. This will also help the organization to maintain a significant track of the overall products that are sold as well as returned back by the customers with the help of the significant transaction number associated with the invoice of the product. The next strength that is depicted with the overall transaction system of Rainbow Illusion is stated to be the daily deposit report of the sales in respect to bank that are maintained by the manager as well as prepared by them. The invoices of the credit card sales is included within this deposit framework (Lo, Lin and Hsu, 2016). Moreover, the manager prepares this report adhering all the sales or purchases that are made by the customers with the help of the credit card. This will help the organization to keep a track of the overall transactions thus focusing on the debit as well as credit of the money with respect to the organization’s bank account. This will help the accounts department of the organization to maintain a track of the overall sales with respect to the number and amount of sales as well as refund that took place on each individual day (Portset al., 2015). This will help the organization to maintain an overall track of the purchases and sales inn an month thus further building a database of a whole year. This is significantly important in respect to the fact that the database can analyse the overall transaction that has happened with the organization thus enhancing the search procedures in the near future.
5STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION The most significant strength that is adhered by the organization is depicted as the different personnel associated with the different processes of the transaction management system within the organization of the Rainbow Illusion. This helps the smooth execution of the overallprocessesassociatedwiththe transactionsystemthatare requiredby the organization for maintaining the track of the overall purchases as well as sales in respect to the products associated with the organization (Stanciu, 2017). The significant work that is done by the manager, assistant manager, the accounts department as well as the usage of the effective methodologies such as the cash registers, the usage of the sales book, the daily bank deposit report of the bank are significant and error free as a single individual is associated with a single stream of work. 3.0 Problems avoided by Rainbow Illusion This section of the report will deal with the sustainable issue that the organization of ready cloth retail sore, Rainbow Illusion faces while they carry out a transaction in respect to their product sales. The focus of this section will be mainly on the issue that persists with the transaction systems associated with the organization. This will enhance the organization to mainlydealwiththeflawsinthetransactionmethodologiesthatpersistswithinthe organization (Silveret al., 2017). The problem that was firstly highlighted is that the store accepted only cash method of payment. Therefore, it was to be manually maintained by the usage of the manual registers thus it was difficult to maintain an overall track of the purchases within the organization. To enhance this procedure as well as safe tracking of the overallpurchasesandsalesaresignificantlyadhered.Thus,theorganizationtriedto implement more number of payment methodologies such as card payment both debit as well as credit, cheque payment and the significant method for the refund process as well. This enhanced the payment mode of the customers associated with the organization (Gauriet al., 2017). In regards to this fact, it became very easy for the organization too to keep a track of
6STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION the overall transactions that happens within the environment of the store. The significant division of the payment methodology states the fact regarding the ease of shopping that are associated with the organization. In addition to this, the usage of the cash registers are used for keeping a safe track of each type of transaction that is the mode of the payment by the customers. The significant payment modes are then verified by different personnel associated with the organization thus making them to keep a track of the overall transactions happening in the stores (Mani, Kesavan and Swaminathan, 2015). The associate managers as well as the various departments that processes the different transactions helps the organization to maintaina safe track of the perceivedtransactionsin regards to the customers. The maintenance of the overall transactions data was an identified issue associated with the organization (Puthalet al., 2018). The cash register that are used by the organization sets to provide an acknowledgement to the significant transactions thus depicting the successful as well as dispute transactions in respect to the overall system. This will help the organization to amplify their business environment thus adhering the overall goals of the organization. 4.0 Situational Pressures The first effective situational pressure that is identified in regards to the organization of Rainbow Illusion is the squeeze of the profit that is significantly solved with the help of the cash registers and other technical measures that are associated with the organization. In addition to this, the organization may have come across the overall infrastructure of the transactionmanagementthatmaytendtodecreasetheprofitduetothehaphazard management of the transaction data (Weiet al., 2015). If the overall transaction management is not effectively managed or manually managed then the ability to acquire the credit of the overall store purchases as well as sales. Moreover, the long cycle of the business may tend to be hampered in regards to the disruption in the transaction management system.
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7STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION The next significant pressure that is being highlighted in the context of the Rainbow Illusionorganizationistheunfavourableeconomicconditionthatpersistwithinthe organization in regards to the manual transaction system (Chen and Mersereau, 2015). This also decreases the level of receivables among the purchase and sales transactions. The most prominent situational pressure is identified when there is significant loss in the backlog of salesthusadheringthetransactionsystem.Thesesituationsmustbehandledbythe departments associated with the organization so that the overall transaction management system can provide the organization as well as their customers with a great amount of profit to cope with the scope as well as the goals as perceived by the organization. 5.0 Reasons for distributed system architecture On the first place, the architecture of distributed system is depicted as a collection of the autonomous elements of computing which significantly appears as a single individual coherent system to their potential customers. An organization like Rainbow Illusion must use the format of the distributed computer architecture within their framework of business for the enhancement of the profit associated with the business (Somerville and Bruce, 2017). The significant usage of this architecture will be very beneficial for the organisation in respect to the maintenance of the overall transaction system. This architecture provides the organization with the potential facility that they can be carried out by using high performance computer system to small devices such as mobile phones associated with the sensor networks. This architecture mainly supports the technology of node-to-node transfer of data and the potential transfer of data is independent within each individual node (Wu, 2017). The concept of overlay network depend on the fact that the computing systems may enhance the overall execution of the transactions that occurs within the environment of the organization.
8STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION The next important concern about the usage of the distributed system architecture is that it has a coherent architecture that allows any organization to handle the overall data to be effectively processed as well as control the data within a single computer network. This will enhance the transaction system of the overall purchases and sales to be maintained in an effective manner. Moreover, the significant property in respect to the coherent characteristic is dependent on the transaction perceived on each node that may accumulate the overall transaction system occurring in an organization (Sari and Akkaya, 2015). This may further lead the organization to develop an overall transparency of the transactions and their payment methodologies that are availed by the customers while purchasing a product from the store. The distributed system architecture tends to provide the organization with a single module of the data depository within the overall server of the organization (Salahet al., 2016). This leads the organization as well as the customers to deal with the overall products and thus making an ease of access to the payment systems for the enhancement of the organization with the transaction methodology that persists within their business. As the transaction systems deals with huge financial queries then the security of the transactions are also necessary. The usage of the distributed system architecture depends on the fact that the organizations are provided with an enhanced level of security thus providing the organization with the facility of enhanced security (Kolliet al., 2016). The distributed system architecture is set to provide an enhanced level of security to the organization of Rainbow Illusion thus providing the transaction system to be effective to the organization as well as the customers that are dealing with the purchase of the goods from the stores. 6.0 Conclusion Thus, the organization of Rainbow Illusion is depicted to be using the various transaction methodology for carrying out the overall transaction within the stores. This will
9STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION adhere the different payment methodologies that are used by the different customers for paying the bills of the purchases made by the customers within the store. The significant situational pressures that may tend to hinder the overall execution of the processes within the organization of Rainbow Illusion. In addition to this the important strengths associated with the organization is stated to be the fact that will enhance the procedure of the transactions within the stores. The different modes of the payment used by the store to their customers is depicted as the organization’s significant strength that attracts more customers to purchase from these stores. The implication of the distributed computer system helps the organization to cope with the overall constraints of the transaction methodologies that persist within the office premises. Thus, it can be concluded that the organization of Rainbow Illusion is significantly dependant on the different transaction methodologies as well as with the implementation of the distributed architecture the organization may be enhanced in regards to their profit, further leading the organization to cope with the customer satisfaction.
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10STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION 7.0 References Chakraborty, R., Lee, J., Bagchi-Sen, S., Upadhyaya, S. and Rao, H.R., 2016. Online shopping intention in the context of data breach in online retail stores: An examination of older and younger adults.Decision Support Systems,83, pp.47-56. Chen, C.B., Agrawal, D. and Kumara, S., 2015. Retail Analytics: Market Segmentation Through Transaction Data. InIIE Annual Conference. Proceedings(p. 1034). Institute of Industrial and Systems Engineers (IISE). Chen, L. and Mersereau, A.J., 2015. Analytics for operational visibility in the retail store: The cases of censored demand and inventory record inaccuracy. InRetail supply chain management(pp. 79-112). Springer, Boston, MA. Gauri, D.K., Ratchford, B., Pancras, J. and Talukdar, D., 2017. An empirical analysis of the impact of promotional discounts on store performance.Journal of Retailing,93(3), pp.283- 303. Hanke, J., Hauser, M., Dürr, A. and Thiesse, F., 2018. Redefining the Offline Retail Experience: Designing Product Recommendation Systems for Fashion Stores. InECIS(p. 1). Hirschman, E.C., 2015. Consumer Payment Systems: Conceptual and Empirical Perspectives. InMarketing Horizons: A 1980's Perspective(pp. 198-203). Springer, Cham. Kolli, A., Pelley, S., Saidi, A., Chen, P.M. and Wenisch, T.F., 2016. High-performance transactions for persistent memories.ACM SIGPLAN Notices,51(4), pp.399-411. Levandoski, J., Lomet, D., Sengupta, S., Stutsman, R. and Wang, R., 2015. High performance transactions in deuteronomy.
11STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION Lo, L.Y.S., Lin, S.W. and Hsu, L.Y., 2016. Motivation for online impulse buying: A two- factor theory perspective.International Journal of Information Management,36(5), pp.759- 772. Mani, V., Kesavan, S. and Swaminathan, J.M., 2015. Estimating the impact of understaffing on sales and profitability in retail stores.Production and Operations Management,24(2), pp.201-218. Meents, S. and Verhagen, T., 2018. Reducing consumer risk in electronic marketplaces: The signaling role of product and seller information.Computers in Human Behavior,86, pp.205- 217. Ports, D.R., Li, J., Liu, V., Sharma, N.K. and Krishnamurthy, A., 2015. Designing distributed systems using approximate synchrony in data center networks. In12th {USENIX} Symposium on Networked Systems Design and Implementation ({NSDI} 15)(pp. 43-57). Puthal, D., Malik, N., Mohanty, S.P., Kougianos, E. and Das, G., 2018. Everything you wanted to know about the blockchain: Its promise, components, processes, and problems. IEEE Consumer Electronics Magazine,7(4), pp.6-14. Salah, T., Zemerly, M.J., Yeun, C.Y., Al-Qutayri, M. and Al-Hammadi, Y., 2016, December. The evolution of distributed systems towards microservices architecture. In2016 11th International Conference for Internet Technology and Secured Transactions (ICITST)(pp. 318-325). IEEE. Sari,A.andAkkaya,M.,2015.Faulttolerancemechanismsindistributedsystems. International Journal of Communications, Network and System Sciences,8(12), p.471. Silver, L.D., Ng, S.W., Ryan-Ibarra, S., Taillie, L.S., Induni, M., Miles, D.R., Poti, J.M. and Popkin, B.M., 2017. Changes in prices, sales, consumer spending, and beverage consumption
12STRATEGIC INFORMATION SYSTEM OF RAINBOW ILLUSION one year after a tax on sugar-sweetened beverages in Berkeley, California, US: A before-and- after study.PLoS medicine,14(4), p.e1002283. Somerville, M.M. and Bruce, C.S., 2017. From transaction to transformation: Organizational learning and knowledge creation experience within Informed Systems. Stanciu, A., 2017, May. Blockchain based distributed control system for edge computing. In 2017 21st International Conference on Control Systems and Computer Science (CSCS)(pp. 667-671). IEEE. Wei, X., Shi, J., Chen, Y., Chen, R. and Chen, H., 2015, October. Fast in-memory transaction processing using RDMA and HTM. InProceedings of the 25th Symposium on Operating Systems Principles(pp. 87-104). ACM. Wu, J., 2017.Distributed system design. CRC press.