HC1041 | IT FOR BUSINESS ASSIGNMENT 2 | IT
Individual Assignment Requirements
Read the case study and answer the following questions:
- What are the advantages and disadvantages of the new POS system?
- How will this POS system help the business gain competitive advantages?
- What are the advantages of having a centralised database?
- How could this POS system facilitate decision making?
Address the following points:
Why do point-of-sale systems process business activities more effectively?
Can the information be tracked manually in an effective manner? Why or why not? What types of questions could be answered effectively?
How could the information be used to better manage the business?
- Recommend telecommunication options for this POS system
Types of networks – LAN, WAN or MAN?
Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies?
- What type of risks does the POS system bring and how to protect the business against the risks
Address the following points: Security
Privacy
Confidentiality
Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The utilization of data innovation is required by each industry size and kind of business. Private companies can understand the beneficial outcomes through embracing innovation. In any case, independent companies regularly don’t have the assets and ability of expansive partnerships to execute data innovation procedures. In any case, the advantages of innovation for little and medium-sized undertakings (SMEs) are similarly as essential to business tasks and procedure.
Think about Four Seasons Greenhouse and Nursery, situated in Colorado. This little nursery resembled numerous other private ventures and garden focuses. They utilized manual registers to follow and keep up its stock just as figure out which items were understanding the most benefit. The benefits from the nursery were either “immaterial” or a misfortune. They didn’t approach helpful operational information to adequately deal with their business. For instance, they didn’t track or survey the edges of individual items. In any case, they trusted that they expected to accomplish something else for their $1M business task.
Enter another purpose of-offer framework (POS) in 2008. The framework enabled the proprietors to follow valuable business information from the business exchanges quickly at the season of the deal; dispensing with the requirement for following deals physically. The framework procedures and stores information from the deal while refreshing the stock just as assembling a business history. This wipes out dependence on manual section of offers exchanges and decrease of stock units for the things sold. POS frameworks give significantly more than a money enlist. These frameworks give increasingly powerful usefulness in contributing, following, and appropriating information to give helpful data to work and deal with the business.
Exact stock information kept up by the POS assisted with basic leadership. Choices on what number of units of an item to arrange were never again dependent on theory about current stock units. Presently, exact stock tallies dispense with the mystery on the amount to arrange, helping the business to work on more slender stock units. The framework’s announcing can give the detail exchanges to a stock thing, for example, what number of were acquired, disposed of, and sold.
The usage of a POS framework additionally affirmed that the proprietors did not know as much about their business as they figured they did. As they evaluated reports from the new framework, they saw that a few items were less productive than they thought. The more nitty gritty cost announcing by thing helped them to comprehend which items contributed the most benefit to the task. Their new point of view of the “genuine expenses” gave the chance to move generation to the higher-benefit things, accordingly increasing more benefit. Before executing the POS framework, they just did not have room schedule-wise to approach this dimension of basic leadership.
Learning of their nitty gritty item costs encourages them to value items all the more gainfully. Value changes can be executed incidentally (for an advancement) or for all time and still stay inside satisfactory item edges. The exact and auspicious revealing of this data helps them to be increasingly viable directors of their business activities. The capacity of the framework to process deals, stock, and acquiring exchanges quickly diminishes the requirement for information passage of paper data. The time investment funds can be utilized for dealing with the business instead of everyday administrative capacities.
The new framework has extended Four Seasons’ administration authority over worker calendars to audit and designate work costs to explicit divisions and capacities. An extra advantage enables the proprietors to appoint greater obligation to the staff and build up responsibility. Rather than the proprietors building up objectives, they give the framework’s information and request that staff present their business objectives for the following detailing time frame. Eventually, the data innovation framework makes a strong foundation to process and report the organizations tasks for the whole venture.
The garden focus is an amazing case of how innovation can understand benefits for a business. The capacity for associations to stay aggressive and light-footed is essential. These frameworks permit associations substantial and little to use business information to pick up an upper hand and operational productivity.
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