POS is considered as a step that assists in finishing the activities between the customers and employees. In this report, advantages and disadvantages in context to POS will be considered as it is an important part in managing the routine activities. To consider proper decisions it has been seen that it is related with the concept and if business focuses on these techniques then it can easy to manage the activities with efficiency. It will help to accomplish goals and objectives of the company that will affect the success of the company in the competitive market.
Advantages and Disadvantages
The method of POS is related with various advantages and disadvantages. The advantage is concerned with managing or storing the data. To manage or collect data in less space can be easy for the organization and also POS offers many facilities that are related with storing, distributing and also maintaining of the information (Dontigney, 2018).
It has been examined that there are many essential transactions which are considered in POS and it helps in managing sales so that products that are sold can be managed in an effective manner. By considering the method of POS it has been seen that information can be collected easily and it can be easy for the company to increase the entire inventory which also focuses on managing the products sale history (Boddy, McCalman & Buchanan, 2018).
In managing the inventory there are many decisions which are taken into consideration and it helps to reduce the conflicts and confusion. When emphasizing on the units it can be analyzed that there are learner inventory which is necessary to be taken into consideration so that activities can be managed in a proper manner (Turner & Musman, 2018).
Reporting is also concerned with the cost that can assist in searching the accurate information in relation to the products and also it helps to achieve profits. In this method, there are also various factors like accounting that can assist in maintaining transparency. The technique also assists the company in maintaining the data transparency in the information which is collected (Cannataci, Zhao, Torres Vives, Monteleone, Bonnici & Moyakine, 2016).
To emphasize on the overall up gradation of the system it is important to do it on the regular basis so that input can be enhanced. There are many risks which are related with hacking and also the overall data of the company is transferred to another person who is not authorized to access that information.
POS in context to competitive advantage
By emphasizing on the overall method of POS, it has been analyzed that there are many benefits that can assist in managing the overall competitive advantage. By taking into consideration this method it can be seen that data is gathered which affect the overall process of decision making. Also the correct decisions can be taken into consideration which will directly affect the overall competitive advantage. It has also been seen that point of sale is taken into consideration which can assist the company in managing the overall operation in context to the products offered in the market. By considering this technique, it can be simple for the organization to focus on attaining the profits so that activities of the company can be enhanced in the market (Medineckiene, Zavadskas, Björk & Turskis, 2015).
Advantages of Centralized database
If emphasis is given on the centralized database, it can be analyzed that there are various benefits which are concerned to it. This is important for the organizations but it is also necessary for the small units. There are various advantages like it is known as one of the simple process which can focus on managing the change that takes place and also it helps to enhance the data of the company. Next advantage is concerned with high integration of the information which has a link with the low information redundancy. The data is also collected with the help of this technique and also the focus is given on considering the high security that can help to manage the entire situation where the problems takes place on the regular basis (Schwalbe, 2015).
The time frame is considered as the important factor as it affects the entire data of the company. It has been seen that it helps the company to focus on managing the data which is gathered. The database in context to management is also taken into consideration so that process of the company can be maintained. When the resources of the company are maintained it has been seen that the affect is on the entire database. The basic points are also taken into consideration which will help to maintain the database of the company and can help in accomplishing goals and objectives of the company.
Role of POS in the process of decision making
The process of decision making and also the database management can assist the POS system. By considering this it can be easy to maintain the competitive advantage in reference to the data driven decisions. It is necessary to maintain this so that it can be easy to accomplish the entire goals and objectives of the company.
Point of sale process in maintaining the efficiency of business
When the product are sold it has been investigated that there are data which is linked with the POS and it is important for earning the revenue margins and it can also help in attaining the large market area. It has been seen that focus is given on making the decisions in a proper manner that can help to maintain discounts and benefits by considering the information of the real time. The data which is gathered can be beneficial in managing the actions of the back office and also customer analysis and knowledge management is necessary to be maintained. By focusing on the POS data, it has been taken into consideration that customized decisions are essential to be maintained.
It is important to focus on analyzing the information so that proper decisions can take place. Proper decisions will also focus on considering the competitive advantage of the company. It is important for taking into consideration the overall weakness which can be considered at the time of managing the sales and also at the time of promotion. It can be seen that information should be tracked so that it can be simple to take into consideration the process of POS (Ingram, LaForge, Williams & Schwepker Jr, 2015).
This can also be considered just because of the orders that can help to manage the stock that analyze the best sellers. By considering the manual methods it can be seen that it can be completed easily and also the management of time can take place in an effective manner. It also focuses on delivering the same information in context to the orders that are considered by the customers.
Manual methods help to track data
It can be analyzed that by considering the manual methods more time consumption takes place which is not good for the present era in reference to the business. Also in context to manual methods there are many which are related with the gathering of wrong information and it can directly affect the overall decision making process of the company. To maintain the information is essential as it emphasizes on maintaining the human efforts and also in managing the time. It can sometimes create confusion at the time of tracking the data (Wheatley, Maillart & Sornette, 2016).
Type of question to be answered
There are many questions that should be answered in a proper manner so that it can be simple to maintain the data. There are also questions which are concerned with the concept of marketing and sales and it can be simple to consider the overall system of POS. The queries of the consumers can be maintained as it can help to create the valuable image in the mind of the customers. It can also be considered as the valuable decision for the company (Piercy, 2018).
Information collected manages the operations
There are many types of data that are gathered by taking into consideration POS. The data can also help to make effective decisions which focuses on the area of discrepancies. By considering the POS system it can be seen that change can also be implemented in a proper manner (Coronel & Morris, 2016).
Telecommunication in POS
It can be analyzed that the telecommunication area can also relate to four seasons greenhouse. The choice is related with the telecommunication that can be taken into consideration so that it can be simple for the organization to maintain the need of the company. There are many choices which are there in the organization and it is linked with the type of network (Sapolsky, Crane, Neuman & Noam, 2018).
Type of network
There are various types of network that are present and it has a connection with telecommunication. When focus is given on LAN it can be seen that it is the best choice. The main motive behind this is concerned with the overall size of the organization. If the company is small then it can be examined that network will also be limited. The overall connectivity of the LAN is high in context to speed and it focuses on the resources which are taken into consideration for the small companies who have limited financial resources.
Type of media
By focusing on the case study it can be seen that wire technology can help to consider the advantages for the small units like for season’s greenhouse and nursery. If emphasis is give on the wired community then it can be seen that better connectivity can make the hacking process less. Ethernet cables are also considered which help in maintaining the overall process of connectivity.
Risk type in POS system
By analyzing it can be seen that there are various risks that are linked with POS system. The risks are privacy, confidentiality and security.
It can be seen that the size of the data is big which can be managed in the system of POS. Therefore, it is necessary for the company to emphasize on the securing the data so that security of the stakeholders can be maintained. Also it helps in managing the risk related with hacking as hacking negatively affects the overall profits of the company. So, it is important for the companies to focus on the authentication process so that data can be maintained (Cavelty & Mauer, 2016).
POS system also takes into consideration various information which is necessary. His is necessary to manage the data privacy which is maintained. It has been seen that information related with the customers should be maintained as it can affect the goodwill of the company in the market (Acquisti, Taylor & Wagman, 2016).
By taking into consideration the POS system it can be seen that if he information is leaked then the operations of the company gets affected. By focusing on the routine basis there are many credit and debit cards details which are taken and it creates issue for the large units and small units. It is necessary for the companies to consider the firewalls so that data security can be maintained and also it will help to attain growth in the market (Saxena & Pushkar, 2017).
By emphasizing on the report it can be stated that there are advantages and also disadvantages which are linked with the POS system. It can be seen that it should be maintained so that competitive advantage can be maintained. The system related with centralization is important so that employees can be promoted to consider the right decisions. The wired connectivity has a link with the LAN and also it is essential to maintain privacy, security and confidentiality in context to the POS system.
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