Method Efficiently Manga Complex Payloads -Myassignmenthelp.Com

Question: Discuss About The Method Efficiently Manga Complex Payloads? Answer: Introduction This report consists of detail of Point of sale (PoS). Moreover, it could be defined as point of service as it not only deals with sales but with customer returns and new orders. This report is accompanied with the several points such as Point of sales, types of risks, security issues in IT systems, types of telecommunication network and technology. Point of sale (PoS) also stated as point of service as it not only deals with sales but with customer returns and new orders. Industries are gradually adopting POS system as it has eliminated the need of tracking sales manually. Its the central component of businesses for instance it allows merchants to simplify day-to-day business operations. Advantages of POS system It saves time as possessions can be done automatically instead of doing manual operations so it reduces human errors in the long stretch. Deployment of system is easy it also increases the efficiency of the system and reduces data duplications. POS system helps to manage and keep track of all inventories in real time consequently reducing paper work by automatically generation reports. It monitors sales record and shows the alert about daily transactions or when stock is running low which helps to plan new strategies for growth. It is flexible for customers as Customer Relationship Management (CRM) provides ease to trail the record of single or multiple customers and look up past transactions. POS system offers customers more detailed receipts at time of purchase. It saves money as repair and maintenance costs are much lower compared to the old system. It reduces the labour as the accounting processes is simplified and does not require accountant to maintain transactions. It enhanced the ordering system so that customers never run out with hottest deals, this is more comfortable than old fashioned system. POS is more sophisticated and accurate method for providing service. Disadvantages of POS system Via POS system one is completely relying on the software that runs on the network thus software need to be updated on a regular basis. It also requires maintenance fees additional to initial setup. Security risks are high in POS system if the system is not updated on time or updated incorrectly, security fissures can occur. Web based POS system entirely count on reliable internet connection and ISP, if in case there is an internet outage access to system is impossible. Hardware failures are difficult to fix as well as it is time consuming troubleshooting the hardware defect. Competitive advantage is a unique advantage that company has which allows it to gain higher sales volume and fascinating more customers. POS system helps the business to advance competitive advantages by providing customer satisfaction and it differentiates the business from other competitors in market that are offering the same services or goods. It provides detailed reports about what products are lagging in sales so that one can implement innovative marketing strategies to lift sales in the market (Manwani, 2010). It generates deals report on timely basis so that decisions can be taken faster for customer service and transactions are also processed more rapidly hence customers dont need to wait for a long time like others. With the fast growing technologies where everyone expect quick response, POS offers online payment experience to customer for better shopping experience and exceeds customers expectations by central CRM which allows two way communication from anywhere, anytime. POS segregates business from other competitive business by becoming more dynamic and responds to requests and opportunities with excessive efficiency and speed. If in case one tries to expand the business in future POS offers lower upfront cost (B2C, 2018). As per the case study, Four Seasons Greenhouse and Nursery by using POS, eliminated tracking sales manually and allowed owners to track the sales data instantly at the time of the sale, reduced labour expenses and gained popularity in competitive world with excessive efficiency. Centralized database system is a collection of all logically related databases at one single location. Centralized database is used to improve the performance and processing efficiency of data. Advantages of Centralized database (Retail Tech Inc., 2018) : Data Security: Data assets of an organization are kept confidential and integrated and made available only to authenticated user who has appropriate access of control. It also resolves the problem of data replication. Data Sharing: Data can be shared to multiple sites easily as data is not scattered at multiple locations. Data Recovery: In case of server failure, data can be recovered as backups are done on regular basis. The backup of main (only) server is maintained but in case of failure of backup it creates problem. Data Integrity: As the data is stored at sole location no piece of data is repeated and when the change is necessary, data need to be looked and updated at one place. Reduces costs: Centralized database cuts overall cost as maintenance of single server is less costly than maintenance of multiple servers. Similarly, decreases overall space requirements for data storage. Reliable: Centralized database facilities higher quality which is significantly more consistent than local storage. Centralized databases are easier to maintain, manage and offer high degree of control. Data is independent from any application and can be used from anywhere, anytime. Writing new application is easy as data is not scattered at different places hence it can be retrieved instantly and can be accessed from anywhere in the world. Information can be tracked manually but it is very time consuming and complex process. Tracking the information manually decreases the efficiency as transactions are not updated instantly and number of accountants need to hired and checking the past transaction manually is a difficult job (Armentrout, Hargett and Maximilien, 2011). Automation of sales reporting helps in analysing the scenario deeply and taking resolution accordingly. POS system provides proper alerts when the availability of a product is low, service which is in demand which keeps in decision making for the betterment of an organization (SolutionDots, 2014). Therefore, using POS system is very effective for business activities it reduces paper work, saves time and efforts, makes better customer relations, tracks and manages the system within minutes. POS system require telecommunication network for exchange of information between communicating parties. For transmission of messages, signals or information we need links. Some telecommunication networks that can be used with POS system are: LAN (Local Area Network) - It is a group of computers of same organization and is linked within a same network area. Data transferring speed is around 10Mbps. It can reach around 1000 users. Data transferring speed is around 10Mbps. It can reach around 1000 users. These are managed, owned, and controlled by a single organization. WAN (Wide Area Network) This connects several LANs to one other through a network. Data transferring speed is depends upon the cost of connection which depends on the distance of router. These are owned, managed, and controlled by distributed ownership. MAN (Metropolitan Area Network) It connects all the nearby LANs to one other and operates at high speed. It only lets two nodes communicate at a time. These are operated managed, and controlled by government bodies. Telecommunication technologies comprises of wired and wireless technology. Wired technology is the communication between devices by cables where communication in wireless technology is done without cables, transmission occurs over radio waves. Advantage of over wireless network is mobility and freedom to move and work but it comprises in terms of speed and security of data. Wired networks are difficult to install and increasing copper thefts have also supported the use of wireless network (Lifewire, 2018). Though the cost of transmission is high in wireless network but it covers more area for communication. Wireless systems are comparatively maintenance-free as they are easily maintained compared to wired network which require replacement of entire cable wires. POS need to be secured as it stores all the important information related to card numbers, email address private data of an individual. As POS technology is flexible which allows running on any OS such as Windows, Linux, or Unix thats why flaws can be easily inherited. System offer various risks like third party gains access to information by hacking of data, create bombing and using confidential information of users (Gomzin, 2014). Risk management is a process which allows user to take imperative decisions to avoid possible threats. This can be done by applying reasonable controls like Privacy is required to be kept in the collected data (confidential). Therefore, it should be decided who can read, write or modify the data and assures that personal information are processed fairly. Like logging the information should be secured, while scanning credit cards the data should be reserved and properly decided what information can go where. Security of information is very essential part for keeping the information safe in business organization. Organization relies on the data preserved online. It involves protecting the data and keeping the information confidential, available and integrated by properly encrypting the data and ensuring that users are authenticated. Confidentiality is preventing use of data from unauthorised user. In IT word, there are several vulnerable threats which can cause serious damage or significant loss of information as unauthorized user tries to gather information which can be misused and leads to business disruption. Recommendations In todays era, for better growth and development individual should be updated to latest tools and technologies so that they can grow their business rapidly and provide flexibility to customers. Conclusion IT has transformed the method companies are using to conduct business. Using automated and updated technologies has provided great enhancement in companies growth. It has allowed firms to increase their efficiency and effectiveness. References Armentrout, G.H., Do, P.K., Hargett Jr, B.R. and Maximilien, E.M., 2011, Method for more efficiently managing complex payloads in a point of sale system. U.S. Patent. B2C, 2018 , The Importance of Information Technology In Business Today,viewed 24 January,https://www.business2community.com/tech-gadgets/importance-information-technology-business-today-01393380. Gomzin, S 2014, Hacking Point of Sale: Payment Application Secrets, Threats, and Solutions, John Wiley Sons. Lifewire, 2018, Kinds of Area Networks, viewed 24 January, https://www.lifewire.com/lans-wans-and-other-area-networks-817376. Manwani, S 2010, IT-Enabled Buisness Change, BCS Learning Development Limited. Retail Tech Inc., 2018, Benefits of Using a Point of Sale (POS) System, viewed 24 January, https://retailtechinc.com/techtopicks/top-10-benefits-of-using-a-point-of-sale-pos-system/. SolutionDots, 2014 , Top 25 Advantages of Point of Sale System ,viewed 24 January, https://solutiondots.com/blog/point-of-sale-system.html. Szell, M., Lambiotte, R. and Thurner, S., 2010. Multirelational organization of large-scale social networks in an online world.Proceedings of the National Academy of Sciences,107(31), pp.13636-