University Business Innovation Proposal: Automated Billing Device

This assignment is a business innovation proposal advocating for the implementation of an automated billing device to address inefficiencies in business operations. The student highlights the issues of prolonged checkout times and misinterpretation of sales data, proposing the device as a solution to reduce customer attrition and improve data accuracy. The automated billing device, a self-service system utilizing radio tags and digital wallets, aims to minimize checkout times, eliminate data misinterpretation, and streamline inventory management through recorded sales data. The proposal emphasizes the device's potential for disruptive innovation by minimizing errors, maximizing customer retention, and reducing operational costs. The device utilizes built-in formulas for demand and supply calculations, assisting in inventory management and production planning. The student argues that the device is a sustainable innovation that maintains operational efficiency by systematic functioning and helps to minimize operational costs and improve customer satisfaction.

Running head: BUSINESS INNOVATION
BUSINESS INNOVATION
Name of the student
Name of the university
Author note

1BUSINESS INNOVATION
Hi! Today I have come to present before you an innovation technique that will bring forth
subtle changes in the management and operation processes. I believe everyone here is well aware
of the issues relating to the increasing checkout time and misinterpretation of sales data, which
affects the overall operations? I have come to propose a innovation that will not only help you in
reducing the risks of misinterpretation of sales data but also assist you in retaining the rate of
customer attrition through minimized checkout times.
Automated Billing Device! Yes, the automated billing device is capable of resolving the
issues that you are currently encountering relating to misinterpretation of sales data and avoid
long queues of customers. The automated billing device is a self service device through which
enables customers to punch the radio tags and pay bills through digital wallets. The self service
option of the device will help you in reducing the checkout time and thereby reduce the long
queues of waiting customers. The device requires no human cashier engagement, which will help
in reducing the issues relating to misinterpretation of data. On the other hand, the sales data will
be recorded in the device and can be transferred to the organizational database for managing the
inventories and the overall processes.
Shocked? Well, this device is capable of bringing forth disruptive innovation in the
processes that is undertaken by your organization through minimization of errors and
maximization of customer attrition. The device will help your organization in managing the
inventories through concrete data of the sales proceedings. On the other hand, the suitable
understanding of the sales figure will help your organization in ramping up the production
process in order to meet the needs of the customers. Moreover, the device will help your
organization in minimizing the operations cost, as it requires no human cashier. The best part of
utilizing the automated billing device is that it works on the inbuilt formulae for calculating the

2BUSINESS INNOVATION
different outcomes of demand and supply, which will help your organization in understanding
the steps for managing the inventories. The most intriguing factor of the device is that it is fully
automated, which will help your organization in calculating the gross units that must moved to
the different checkpoints in accordance to the demand of the customers.
Therefore, I believe that it is one of the best innovations that I can afford to suggest your
company with the view of resolving the issues that are faced by your venture. I believe you agree
with me on the point that continuous innovation in the business processes helps in maintaining
the sustainability of ventures? I propose you the best innovation for your organization which will
help the same in maintaining the efficiency of the overall operations through the systematic
functioning of the device.