IndexAdvantagesDisadvantagesAddress the following points:SecurityManufacturer Default PasswordsFraudulent DevicesMalware via PhishingPrivacyMeasuresConfidentiality1) What are the advantages and disadvantages of the new POS system?Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Advantages POS solutions are often customizable to meet your business needs The software is hosted on secure servers and in multiple data centers, so your information will always be backed up · Improves efficiency. For example, the user won't have to spend as much time memorizing product prices or manually entering large amounts of data as they would on a traditional cash register. Offers efficient inventory management, takes the guesswork out of how much to order. Helps with employee tracking. Through the use of unique identification codes (sometimes called employee codes), individual employees can be linked to specific transactions, regardless of how many staff members use the same machine. This gives retailers valuable time and money back. Reducing administration time and user errors are huge benefits of using a modern POS. Scanning the items in your cart and typing the number on a sticker is done accurately. Most modern POS systems also offer merchants access to a variety of customizable reports. These reports can include critical information such as daily cash ins and outs, giving merchants an understanding of the overall success of their business. Simplifies the accounting process Provides easy access to past transactions for better decision making Faster than the old cash register system. While entering an item's data using the traditional cash register system can take approximately 6 seconds, scanning an item using a point-of-sale system's barcode scanner takes a much shorter time: just 0. 3 of a second. Helps customers get more detailed information about the item received Disadvantages POS system is more expensive than the old cash register A reliable internet connection and an ISP are required to maintain a POS system There is a risk of being infected with POS malware It may be problematic with an internet connection slowWeb-based POS systems often come with monthly feesThere is also much concern regarding online payments exposing customers' credit and debit card details and putting their financial security at risk.2) How will this POS system help the company gain competitive advantages? Customers who subscribe to POS Solutions typically have access to unlimited daily support. Customers can also benefit from on-site training and consultancy. A long checkout line ends the customer's shopping experience in a negative way. Cloud-based POS systems can even eliminate queues entirely and allow your sales associates to complete in-store transactions with dedicated POS devices. If you don't have enough employees available to answer questions, customers are likely to see if your competitors offer better service. Hourly sales reporting statistics from your point of sale system can give you insight into when you need more people on site. If sales people are slow with Internet marketing methods to stay in touch with customers, you are giving competitors the opportunity to capture customers' attention and steal them. Today, the systemsof outlets can help you market quickly across a number of channels, so staying fresh in customers' minds isn't that difficult. If you don't have any product in stock, your customer will go elsewhere to buy it. Point of sale software with inventory capabilities can help you avoid running out of popular merchandise and allow your employees to save on sales by quickly determining which items are in your warehouse waiting to be replenished. Customers love earning discounts when they shop. Stores have loyalty programs because they really work and offer a competitive advantage. POS systems make it easy to implement and manage, so you can stay ahead of the competition. While businesses accept credit and debit cards, they may lose customers. People who use contactless payment systems often choose companies that allow them to pay as they wish. Using a point of sale system set up for the latest payment methods can help you avoid losing these tech-savvy customers. 3) What are the advantages of having a centralized database? Improve data retention. The centralized database generally features fault tolerance (the ability to continue functioning after a hardware failure). This centralized storage feature includes redundant storage that eliminates the risk of permanent data loss. Data stored locally is exposed to an ongoing physical security threat. Laptops or cell phones can easily be stolen and provide the opportunity to access, steal and tamper with locally stored data. Centralized database storage and adequate server room security prevent direct physical access to a single location. Improve data security. Since companies today store a huge amount of sensitive consumer information, data protection is a key issue. Providing data security with a centrally stored database creates fewer challenges than data stored across multiple sites and reduces costs. Centralized storage requires large investments in server technology, such as fault tolerance, but it also helps reduce overall costs. Central server maintenance is less expensive than data stored on multiple computers, especially if the company operates in multiple locations.4) How could this POS system facilitate decision making? Address the following points: Why do point-of-sale systems process business more effectively? It eliminates the need to store product prices and manually enter large amounts of data as is done in a traditional cash register system. It is very difficult to return back to find and correct an error in the traditional system, while in Point Sales system errors can be easily corrected with a few quick clicks. While manually entering data an individual may cause one error for every 300 characters typed, point-of-sale system errors are few, with only one substitution error for every 15,000-36 trillion barcode characters scanned. Data entry of an item using the traditional system can take approximately 6 seconds, scanning an item using the barcode scanner of a point of sale system takes only 0.3 of a second. Can information be tracked manually effectively? Why or why not? It is very difficult to manually track information effectively as it takes a long time to go back and check the information when it is maintained in the cash register system. For example, if you have facilities ofstorage or multiple branches, a POS system will inform you whether you have enough stock in your store or other branches and whether more stock is needed. On the other hand, it will be very difficult to keep track of inventory stored in multiple locations. What types of questions could be answered effectively? Customer's complete purchase history Best-selling products or products that generate the least revenue ROI and profit margin and other agreements related to revenue and profitability Who are the sellers that generate more revenue than others Real-time inventory data Time of arrival most sales? (weekday or weekend) Are the sales spread out or do they happen at a specific time of the day? Can the necessary reports be generated automatically at the end of the week/month? How could the information be used to better manage the business? POS systems they provide customers with detailed receipts instead of just a piece of paper with the product name and quantity. POS systems use inventory data to provide additional information such as item description, price, and savings from a sale or coupon. The POS system allows you to monitor key performance indicators (KPIs) such as average customer sales, inventory turnover and profit margin. This information helps you focus on those products that generate the most revenue by ensuring they are always adequately available. Additionally, a company can learn about the products with the lowest sales. Thus, spending the minimum on promotion and stock retention. POS systems provide access control measures to ensure employee identities are verified for clocking in and logging into the system. Modern POS systems allow you to correctly scan all stock upon delivery and enter it into a digital database. Traders can then review overall stock levels and make accurate purchasing decisions accordingly. 5) Recommend telecommunication options for this POS system. Address the following points: Types of networks: LAN, WAN or MAN? Since the company is small, LAN will be suitable here. LAN is an interconnection of small devices that cover shorter distances or areas. It is used in home offices or schools to share common resources such as printers, Internet, storage, etc. The LAN offers coverage of up to 2 miles. It also doesn't cost much. Types of media? - Wired or wireless technologies? What types of cables should be used for wired technologies? What types of wireless technologies? Most modern businesses rely on wireless LAN or WLAN. WLANs use radio frequencies (RF) rather than wires in the physical layer and MAC sublayer of the data link layer. RF has no boundaries, like the limits of a wire in a sheath. The lack of such a boundary allows data frames traveling on the RF medium to be available to anyone who can receive the RF signal. WLANs connect clients to the network through a wireless access point (AP) rather than an Ethernet switch. Wireless network interface cards (NICs) tend to reduce the battery life of a mobile device. 6) What kind of risks does the POS system pose and how can you protect your company from risks? Address the following points: SecurityCorporate networks with unsegmented POS data: If a company uses the corporate network to push system and security updates to POS data environments and devices, then it is seriously at risk. In this scenario, if a hacker gains access to your network, they will also have access to all your POS data. Smaller organizations often choose to enable multi-factor authentication (MFA) from the corporate network to the POS device. This is not the best solution,.