country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

Question

Case study -- Blooming with Technology

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.

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?
5)  Recommend telecommunication options for this POS system Address the following points:
  • 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.

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 10 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). IT For Business. Retrieved from https://myassignmenthelp.com/free-samples/hc1041-it-for-business/blooming-with-technology.html.

My Assignment Help (2020) IT For Business [Online]. Available from: https://myassignmenthelp.com/free-samples/hc1041-it-for-business/blooming-with-technology.html
[Accessed 24 November 2020].

My Assignment Help. 'IT For Business' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/hc1041-it-for-business/blooming-with-technology.html> accessed 24 November 2020.

My Assignment Help. IT For Business [Internet]. My Assignment Help. 2020 [cited 24 November 2020]. Available from: https://myassignmenthelp.com/free-samples/hc1041-it-for-business/blooming-with-technology.html.


Do preparing flawless assignments seem too daunting for you? Opt for the outstanding services of MyAssignmenthelp.com, and witness a huge difference in your academic grades. Whether you are searching for college essay examples, thesis examples, dissertation topic or other essay examples, you will have our unwavering assistance. Apart from that, our experts can also help you out to gain remarkable ideas on how to complete different kinds of assignments successfully. From choosing a remarkable essay topic, conducting a valuable research, writing a strong introduction, to following all the citation norms, our experts can guide you with all. Visit MyAssignmenthelp for more details.

Latest Marketing Samples

BUS353G E-commerce Site

Download : 0 | Pages : 9
  • Course Code: BUS353G
  • University: Vesalius College
  • Country: Belgium

Answer: Task 1 – Website Design With the continuously expanding popularity of the e-commerce websites, increasing number of organizations are moving to e-commerce websites from physical stores in order to reach out the higher number of customers. With the increasing number of the customers it is found that due to the ease of shopping of the products the figure is increasing every day. By thinking about this increasing rate it can be can...

Read More arrow

N55B : Competition In The Global Market

Download : 0 | Pages : 30
  • Course Code: N55B
  • University: Coventry University
  • Country: United Kingdom

Answer: About Unilever: Unilever is consumer goods manufacturing company which has its base in Rotterdam, Netherlands and London, the United Kingdom. The multinational company is listed primarily on the London Stock Exchange and Euronext Amsterdam. The company, founded in 1930 operates in more than a hundred countries under the leadership of Paul Coleman, its CEO and Margin Dekkers, its chairperson. The product umbrella of Unilever can be div...

Read More arrow Tags: Australia Melbourne Management Book Review University of Melbourne 

BSBMKG417 Apply Marketing Communication

Download : 0 | Pages : 10

Answer: In this task, you will review Crystal Apple’s requirements and set the groundwork for your convergent environment. 1.1 Review and identify the role of the traditional siloed sectors to client requirements The traditional siloed sectors emphasise on fulfilling specific client requirements and making products specific to them. This ensures better satisfaction of client needs and revenue generation. 1.2 Identify the potential poi...

Read More arrow

MKT110 Marketing Fundamentals

Download : 0 | Pages : 13
  • Course Code: MKT110
  • University: Charles Sturt University
  • Country: Australia

Answer: Introduction and Background to Company Market environment analysis is one of the most important tools that can be used by any organization to analyze the business strategically. It assists to recognize different internal and external factors of environment which impact the growth and operations of a business. This report is significantly focused on analyzing the marketing environment for Amazon.com. The major purpose of the report is ...

Read More arrow

HAT202 The Hospitality And Tourism Market

Download : 0 | Pages : 2
  • Course Code: HAT202
  • University: Holmes Institute
  • Country: Australia

Answer: Hospitality and Tourism Market Introduction  - I choose a business in hospitality management, a Coffee club garden city located at the shopping center. - The business operates at the tertiary sector as it involves offering services to customers (Law, Buhalis, and Cobanoglu,  2014 p.10). - The current market has both micro and macro where the business should focus on the external and internal surroundings which they seek t...

Read More arrow
Next

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,498,900

Orders

4.9/5

Overall Rating

5,100

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

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.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

234 Order Completed

100% Response Time

Samantha Ji

PhD in Chemistry with Specialization in Organic

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

453 Order Completed

98% Response Time

Howard Asuncion

LLM in Criminal Law

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

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.

flag

User Id: 401534 - 24 Nov 2020

Australia

student rating student rating student rating student rating student rating

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.

flag

User Id: 551988 - 23 Nov 2020

Australia

student rating student rating student rating student rating student rating

Great work! Really appreciate the help and efficiency. Very well organized. Thank you for your help.

flag

User Id: 522859 - 23 Nov 2020

Australia

student rating student rating student rating student rating student rating

given on time. well presented. and very helpful, trust these guys for all your work

flag

User Id: 142836 - 23 Nov 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?