An introduction to world management science - Myassignmenthelp.Com

Question: Discuss about the An introduction to world management science. Answer: Introduction: The point of sale system refers to the technology where the consumers carryout the payment regarding the products or services they buy from an organization. It is considered as the collaboration of hardware and software for allowing the vendors for taking transactions and making the everyday business operations easy (Smith 2014). Small and medium organizations are making progress in implementing information system within their environment. The POS system is capable of streamlining business process of SME so they can achieve more than just having flexibility regarding processing daily transaction. The report is consisted of various consequences of implementing POS system in the Four Seasons Greenhouse and Nursery. The organization is situated in the Colorado. The organization used to have manual processes to manage their business. The report describes advantages and disadvantages of POS system, POS system in gaining competitive advantage, advantage of having centralized database. Advantages and Disadvantages of the New POS System: The biggest advantage of the point of sale system is that business owners of Four Seasons Greenhouse and Nursery are able to monitor the transactions related to sales in real time and this happens in automated way. The system has enable the organization to eliminate the need of manual procedure in the core sales transactions (Rodrguez 2017). Operating and managing the business has become easy for Four Seasons Greenhouse and Nursery owners can get crucial information by inputting, monitoring and sharing data. Decision making is a significant part of the business that assist in elaborating the business if properly observed and processed. As the point of sale system in Four Seasons Greenhouse and Nursery stores accurate data, decision making quality automatically gets better. As the current and accurate inventory related data is available to the owners of Four Seasons Greenhouse and Nursery, they need not to make assumptions during placing orders (Nikolova and Inman 2015). Gaining compe titive advantage through having all the required data at hand has been possible. The most harmful drawback of the system that has been observed so far is the connection reliability is low. The software modifications are costly and it is not always possible for the organization. Gaining Competitive Advantage through POS System The biggest competitive advantage of Four Seasons Greenhouse and Nursery is managing inventory in accurate manner. The system has allowed the owners of the organization to handle inventory, flag entities for reorder and evaluating the sales patterns (Lee et al. 2014). The POS system in Four Seasons Greenhouse and Nursery has been more than a cash register, as it has been processing in the core of sales transactions and allowing the organization to track and share useful data. The accuracy of data is crucial for business to achieve competitive advantage as these data and information is used for decision making process. The decision of taking a new perspective, real costs, offered the opportunity for shifting the production of Four Seasons Greenhouse and Nursery to more profitable state thus making the business more competitive (Miller et al. 2017). The organization was not able to identify and understand this kind of business opportunity prior to development of POS system. Advantage of Centralized Database: The primary advantage of having a centralized database for Four Seasons Greenhouse and Nursery is having an improved data preservation process. In case any hardware fault occurs, the fault-tolerance setup in the centralized database is able to handle the situation. Four Seasons Greenhouse and Nursery is processing on numerous business and consumer related data. In such circumstances, having a secured environment for data is crucial (Eskandari et al. 2016). The centralized database is suitable for developing a security policy and infrastructure that can support the data security needs of the chosen business. The policies will be developed in such way that the possibility of damaging the data by a laptop will be minimal. Another good advantage of centralized database that has helped Four Seasons Greenhouse and Nursery to grow business is cost reduction in overall price of implementation of database (Kuipers et al. 2016). The maintenance cost of the centralized database is always less than maintaining several small databases. Having redundancy and high quality equipment have made the centralized database able to implement a secure and proper database system in the environment of Four Seasons Greenhouse and Nursery system. POS System Facilitate Decision Making: Four Seasons Greenhouse and Nurserys business processes are consist of managing business internal activities, managing customer request, generating reports, managing inventory and many more. The POS system allows the organization to have full access to the business process related data and generate patterns for making the improvements in various parts of the business. The activities is always under control of the business owners (Anderson et al. 2015). Tracking the information in effective manner is not possible. The biggest issue with tracking the data through manual process is error in data accuracy. It has been observed in past that Four Seasons Greenhouse and Nurserys manual processes are tend to be full of errors. The organization was running their business in loss or negligible profit while having manual business processes. The questions can be asked by customers, management, inventory employees and few more personnel of Four Seasons Greenhouse and Nursery. The consumers are tend to have intention of asking questions regarding the status of their delivery or products available (Karpovsky and Galliers 2015). The management can be asking questions related to gaps in the business processes, inventory staff can ask questions about the potential amount of raw materials required to purchase to fulfill customer need for a specific season. The information can be evaluated to identify customer buying patterns, effect of weather on the nursery, inventory assumptions and much more (Bennett 2015). The outcome of the evaluation will allow Four Seasons Greenhouse and Nursery to have better understanding of business opportunity and constraints. Recommend Telecommunication Options: LAN is the abbreviation of Local Area Network. This can be achieved through wired or wireless network. In case of WAN or wide area network, the coverage area of the network is larger than LAN. The wide area network is the combination of various small network coverage areas connected with each other. MAN or metropolitan refers to a network that is consisted with various network nodes connected with each other (Kokkinos et al. 2016). LAN is the best solution for Four Seasons Greenhouse and Nursery as this will allow the organization to have it whole network within a secured place from where conducting cybercrime is nearly impossible. The network will be developed using wired and wireless technology both. In case of connecting remote devices like laptop will be connected to Wi-Fi and machines like inventory in/out checking will be connected using RJ-45 cable (Vaquero and Merino 2014). The routers will be connected to each other through mesh topology so that if a router gets damaged then another path can be used for data transfer, results into uninterrupted data flow. Risks That POS System Brings: In terms of security risk, the physical attacks on the system can a harmful situation. Either employees of Four Seasons Greenhouse and Nursery or an intruder can connect to the network using internal devices like authorized laptops to harm the system. The system can be accessed by the wireless network designed for remote devices. The cybercriminals can access to the network of Four Seasons Greenhouse and Nurserys system if they are able to crack the password of the network (Edelman, Jaffe and Kominers 2016). They can reconfigure the whole network to damage the business process. The hacker can get into the system and steal the personal information of staff and customers. The same way the hackers can get their hands on the business confidential data like customer buying history, generated patterns, information of various deals and much more. Conclusion: From the above report it can be concluded that the system has been able to resolve the main issues of the business. The effect of the system could be seen right after the implementation of the system. The decision making is a significant process of Four Seasons Greenhouse and Nurserys business. The system is a good source of simplifying and increasing the quality of business decision making. The data validation and verification process ensures that only authorized and accurate data is stored into the database. The database is centralized and it allows the system to be secured. Using the LAN will allow the organization to have a secured network. It will be difficult for cybercriminals to hack the system as the whole network will be located into one place. Recommendations: E-Commerce: The organization can develop and integrate an e-commerce website and mobile app within its system. This will allow the organization to attract more customers. The business will be able to expand its business from local area to whole nation. The business will flourish with the new huge customer base. Taking Feedback: The feedback will be taken from end users and customers to identify the areas in which modifications can be done. The feedback will be analyzed and the points directing to a specific modification will be prioritized. Based on the priority, the changes will be done. Having an IT Expert Team: As the organization will not be contracting with any third party organization for their services, the system maintenance will be a hard process. An IT expert team will be able to handle any technical fault within the organization system. Improving Inventory Setup: As the inventory is the core of the business, the organization need to have a proper inventory setup to support business properly. Having barcode reader in the inventory will eliminate the error due to having manual product storage process. References: Anderson, D.R., Sweeney, D.J., Williams, T.A., Camm, J.D. and Cochran, J.J., 2015. An introduction to management science: quantitative approaches to decision making. Cengage learning. Bennett, E.L., 2015. Legal ivory trade in a corrupt world and its impact on African elephant populations. Conservation Biology, 29(1), pp.54-60. Edelman, B., Jaffe, S. and Kominers, S.D., 2016. To groupon or not to groupon: The profitability of deep discounts. Marketing Letters, 27(1), pp.39-53. Eskandari, S., Clark, J. and Hamou-Lhadj, A., 2016, July. Buy Your Coffee with Bitcoin: Real-World Deployment of a Bitcoin Point of Sale Terminal. 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