In the following report, the pros and cons of POS system related to the case study has been mentioned. The method by which the new POS system will assist the mentioned business in reaching its business goals have been evaluated effectively. The report includes the benefits of adopting a centralised database and determines the factors that can help the company in making better decisions with the new technology. The advantages of POS system in maintaining the information properly has been mentioned in the discussion section of the report. In the second half, the telecommunication options for the mentioned technology has been evaluated. Different types of networks has been assessed and the wireless technologies has been discussed. The different types of risk namely, confidentiality, privacy and security of the POS system has been explained.
The advantages and disadvantages of the new POS system in Four Seasons Greenhouse and Nursery are written as follows:-
The new POS system can enhance the accounting process. Unlike the conventional accounting processes where the accountant had to go through hundreds of receipts, the new POS system will allow Four Seasons Greenhouse and Nursery to use the built in report system of the new POS system (Frisby et al. 2013). That system can lessen the measure of work and cost related with maintaining the business, which can thus help benefits and net revenues.
POS system organize the registers in the store to a centralized system but it has its own security dangers. In the event that the product isn’t stocked up with the latest inventories, security attacks can happen. With the idea of the business, those security breaches could include secure and critical data, including Visa numbers and financial balance data (Profeta, Balling and Roosen 2013). The hacking of such information could put the organization at lawful and money related issues.
With POS system, supervisors of Four Seasons Greenhouse and Nursery can run reports that show not just what number of inventories were sold but also which things were the most prevalent. For example, an administrator could run a report demonstrating deals for the earlier week and after that utilization that answer to figure out which represented the greater part of the deals. That data can be very significant when the time comes to restock the racks or request new supplies. Users can utilize important information to spot patterns in their stock deals and stock their stores to exploit that advantage (Rese, Schreiber and Baier 2014) .
A POS system can enhance the client’s trust in various ways. For example, the company would not need to invest as much energy retaining item costs, or else physically contributing immense measures of information as they would on a conventional money system. This would enable them to offer better client benefit, which may provide the organization with a reliable client base. Vendors can subsequently analyse their general stock levels initially and settle on exact buying choices as it needs be. Most current POS systems offer vendors access to an assortment of adjustable reports. These reports can incorporate basic data, for example, providing traders with an idea of the general accomplishment of their business. Moreover, while conventional register systems can cause many issues when the client commits an error, Point of Sale system can be changed quickly. Present day POS system empowers all stock to be filtered reliably with a computerized system. They can identify the data that is mentioned in the administration process (Nikolova and Inman 2015). Advanced properties of the POS system can distinguish normal patterns, for example, regular varieties in item request. This enables traders to arrange their stock levels ahead of time, guaranteeing they have enough stock to take care of client demand and along these lines expanding their potential takings.
The benefits of a central database are mentioned in the following passage.
The centralized database allows for more data security as the system is accessible to a small number of people. Providing information security with centralized database system provides less difficulties than guaranteeing information security over numerous databases.
Centralized database reduces general space necessities for information stockpiling and handling. Centralized database regularly utilizes higher-quality segments and excess, which makes it essentially more solid than nearby capacity. Centralized database stockpiling encourages virtualization and provides the required information to stay secure.The compromised data can be used to access information from VPNs, security keus and firewalls. More capacity requires the business to put more stress in the server innovation, for example, adaptation to internal failure, yet in addition enables it to cut general costs. The support to the central server proves to be less excessive than keeping various PCs if the business works in numerous departments (Gomzin 2014).
Database which are centralized enhances information conservation. PC computers and PCs once in a while offer adaptation to internal failure. Adaptation to non-critical failure requires copy segments, which drives up costs. The absence of adaptation to non-critical failure puts any information put away just on a PC or workstation in danger for perpetual misfortune. Incorporated capacity frequently incorporates a problematic setup and excess stockpiling information and in case of a hardware critical failure in a physical drive (Polasik et al. 2013).
Successful POS programming will have the capacity to provide the user with important reports to enable him to settle on benefit improving choices in an effective way. It is fundamental to have POS system that is properly introduced, quick and simple to utilize. A streamlined point of sale system will reduce the hours spent on organization and free up time for personnel to work properly. An extraordinary point of sale system will have worked in stock administration programming.
This is fundamental for any independent organisation to guarantee the company to get the correct stock at the perfect time. Cutting edge retail systems can provide advantages by giving market analysis and information about what the customers are wanting. Point of sale system need to have one central database that is continuous, open and gives proper feedbacks. It should be able to give significant analysis which will empower private organisations to settle on better business choices. Administration systems enable you to settle on requesting choices based on stock accessible as well as on purchaser conduct and analysed information. POS systems can expand store benefit. This can be accomplished through powerful administration and providing the purchaser with proper conduct so that it will encourage customized and allow them to focus on promoting efforts.
Whether or not the POS systems are secure or not, Four Seasons Greenhouse and Nursery should be sure that nothing is secured from cyber criminals. Regarding the volume of information exchanges at the business, the cyber attackers may gather information for hundreds or thousands of credit card exchanges every day. It isn’t required that organizations isolate their POS organize from conditions that contain non-point of sale systems, that can make it less demanding for cyber criminals to hack credit card information after a phishing attack.
Some of the recommendations for Four Seasons Greenhouse and Nursery are written as follows:-
Four Seasons Greenhouse and Nursery can use proper wireless and wired technologies. A brief introduction has been given below:-
Wired technology refers to the transmission of information over a wire-based communication system. Telephone systems, digital TV or web access, and fiber-optic communication. Likewise electromagnetism, utilized for advanced applications is considered as wired technology.
Wireless technology- Wireless technology is a wide term that joins all techniques and types of associating and conveying between at least two gadgets utilizing a signal through remote communication advancements and gadgets.
Conclusion
To conclude the report, it can be stated that Four Seasons Greenhouse and Nursery will benefit from the new implemented POS system due to the mentioned advantages in the report. Despite the drawbacks of the system, the POS System will help the company improve their business processes in the near future. In the report, the case study has been evaluated according to the advantages and disadvantages of the new POS system. The ways by which the POS system is used by industries to gain competitive advantage has been mentioned. The benefits of having a centralized database has been mentioned in the discussion section of the report. Recommendations have been provided and the risks associated with the new system has been mentioned.
References
Chavali, P., Yang, P. and Nehorai, A., 2014. A distributed algorithm of appliance scheduling for home energy management system. IEEE Transactions on Smart Grid, 5(1), pp.282-290.
Cui, B., Jiang, J., Huang, Q., Xu, Y., Gui, Y. and Zhang, W., 2016. POS: A high-level system to simplify real-time stream application development on storm. Data Science and Engineering, 1(1), pp.41-50.
Frisby, W., Moench, B., Recht, B., and Ristenpart, T. 2013, August. Security Analysis of Smartphone Point-of-Sale Systems. In WOOT (pp. 22-33).
Gomzin, S. 2014. Hacking Point of Sale: Payment Application Secrets, Threats, and Solutions. John Wiley and Sons.
Ko, S., Maciejewski, R., Jang, Y., and Ebert, D. S. 2013, June. Marketanalyzer: an interactive visual analytics system for analyzing competitive advantage using point of sale data. In Computer Graphics Forum (Vol. 31, No. 3pt3, pp. 1245-1254). Blackwell Publishing Ltd.
Nikolova, H. D., and Inman, J. J. 2015. Healthy choice: the effect of simplified point-of-sale nutritional information on consumer food choice behavior. Journal of Marketing Research, 52(6), 817-835.
Polasik, M., Górka, J., Wilczewski, G., Kunkowski, J., Przenajkowska, K., and Tetkowska, N. 2013, June. Time efficiency of Point-of-Sale payment methods: Empirical results for cash, cards and mobile payments. In International Conference on Enterprise Information Systems (pp. 306-320). Springer, Berlin, Heidelberg.
Profeta, A., Balling, R., and Roosen, J. 2013. The relevance of origin information at the point of sale. Food Quality and Preference, 26(1), 1-11.
Rese, A., Schreiber, S., and Baier, D. 2014. Technology acceptance modeling of augmented reality at the point of sale: Can surveys be replaced by an analysis of online reviews?. Journal of Retailing and Consumer Services, 21(5), 869-876.
Ståhlberg, M., and Maila, V. 2013. Shopper marketing: How to increase purchase decisions at the point of sale. Kogan Page Publishers.
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