Read the case study and answer the following questions:
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?
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?
Address the following points: Security
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.
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy.
Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either "negligible" or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation.
Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business.
Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system's reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold.
The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the "real costs" provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making.
Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions.
The new system has expanded Four Seasons' management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system's data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise.
The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
To export a reference to this article please select a referencing stye below:
My Assignment Help. (2020). Information Technology For Business. Retrieved from https://myassignmenthelp.com/free-samples/hc1041-information-technology-for-business/case-study-on-blooming-with-technology-pos.html.
"Information Technology For Business." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/hc1041-information-technology-for-business/case-study-on-blooming-with-technology-pos.html.
My Assignment Help (2020) Information Technology For Business [Online]. Available from: https://myassignmenthelp.com/free-samples/hc1041-information-technology-for-business/case-study-on-blooming-with-technology-pos.html
[Accessed 24 November 2020].
My Assignment Help. 'Information Technology For Business' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/hc1041-information-technology-for-business/case-study-on-blooming-with-technology-pos.html> accessed 24 November 2020.
My Assignment Help. Information Technology For Business [Internet]. My Assignment Help. 2020 [cited 24 November 2020]. Available from: https://myassignmenthelp.com/free-samples/hc1041-information-technology-for-business/case-study-on-blooming-with-technology-pos.html.
Your dream of finding a place in the best college will become true when you avail our services for your personal statement writing. The writers at MyAssignmenthelp.com follow the appropriate personal statement template. They know how to start or conclude a personal statement perfectly. The efficiency of our writers is reflected in the personal statement examples or samples. The writers will customize your personal statement as per your requirements. If you have any doubts about what is a personal statement, you can reach out to our experts. Hire us today to prepare your personal statement for admission in colleges.
Answer: Introduction The report talks about a business case study, of a company called AB Pty. Ltd. It manages a product delivery business for the area Austin downtown, Texas, USA. This company looks like a small scale business as it contains only three trucks for making the delivery of the products. The products are delivered to the customers of the specified zone. The company is facing a problem in the delivery service which is supposed to ...Read More
Answer: It is undeniable that the technological revolution has made itself an essential aspect of our daily lives. It has changed our views of healthcare system, workplace, sports, art, creativity and what not. The rate, in which everyone is using smartphones, tabs and laptops, that it has become difficult to understand whether the person can talk verbally or not. I persoally am a decent user of technology and not always depend upon technologi...Read More
Answer: Introduction Digital diplomacy is the use of internet resources for the fulfillment of foreign relations on trade issues, communication, media, negotiation, culture and functions (Manor, 2012). ICT as a diplomacy tool supports embassy functions, activities and strategies. A comparative analysis of the Swedish, Maldives, US and Israel embassy modes reveals the use of benefits and risks. The cyberspace has a purpose of promoting meaning...Read More
Answer: Background: The data analysis of this study finds the “Skills and Credibility” of the students about the fact how they are capable of using the online visualisation tools- “IBM Weston Analytics” (Zhu et al., 2014). Also, their ability to execute the decision analysis and predictive analysis are verified in this research report. The research report is structured on the basis of “Solar city project data&rdq...Read More
Answer: Task 1 Scrambled bits using WinHex The WinHex is the tool that is used to change the text content values in hexadecimal format, making some of the strong encryption which can only be decrypted if the right order to reverse operations are being followed. For the current text file, the contents operations are as follows: Select Modify Data->in the new pop up window select the “left shift by 1-bit option” Output: ...Read More
Just share requirement and get customized Solution.
Our writers make sure that all orders are submitted, prior to the deadline.
Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.
Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.
Our writers can provide you professional writing assistance on any subject at any level.
Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.
Get all your documents checked for plagiarism or duplicacy with us.
Get different kinds of essays typed in minutes with clicks.
Calculate your semester grades and cumulative GPa with our GPA Calculator.
Balance any chemical equation in minutes just by entering the formula.
Calculate the number of words and number of pages of all your academic documents.
Our Mission Client Satisfaction
it was really helpful. i got my asssignment on time even before the deadline.it was written really well i am glad that I came to Myassignmenthelp.
very professional i got it before the due time i set, the sheet that was sent to me was very neat and very well done.
Great work! Really appreciate the help and efficiency. Very well organized. Thank you for your help.
given on time. well presented. and very helpful, trust these guys for all your work