Preview

POS System

Satisfactory Essays
Open Document
Open Document
291 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
POS System
INTRODUCTION

__ POS nowadays is a basic need for business transactions.

It helps in such a way that it makes work more progressive

and productive.It is important that every company to have a

POS because it helps a lot in many ways such as organizing,

storing, computing, and manipulating data. Having a

computer programs may help a lot because almost all the

companies nowadays uses computer literate and very

competitive in many aspects.

___ Point of Sale is a program where a retail transaction

is completed. It is a point at which a customer makes a

payment to the merchant in exchange for foods & beverages.

___ uses Point of Sale System of facilitating every

transactions made and to keep all records.

AFGSRHAIUHGwhnNWOIHwonrihyrwneyoihGAR
FLBAUHIHARhfguarh
arlghr

THE MANAGEMENT OF KNOWLEDGE IN A CORPORATE ENVIRONMENT:
AN EXAMINATION OF THE DETERMINANTS OF SUCCESS Scott A. Burger May 2003 Economics Abstract As the focus on human capital and information technology intensifies within firms, an understanding of how to harness these two trends is increasingly important. This study examines how competitive advantage and higher firm performance depend on the presence of five moderating factors, not dollars spent on information technology. These moderating factors, identified in previous research, are: 1) Information Procurement and Dissemination, 2) Absorptive Capacity, 3) Cross-Functional Communication, 4) Culture and 5) Organization Assessment and Information Technology Strategy Review. Using a two-firm case study methodology, I analyze the presence or absence of these moderating factors in knowledge initiatives at Sun Microsystems and Lockheed Martin Corporation. The empirical evidence gathered from these cases supports the argument that the presence of moderating factors is critical for successful knowledge management implementation. KEYWORDS: (Knowledge Management,

You May Also Find These Documents Helpful

  • Powerful Essays

    Inventory and Pos System

    • 995 Words
    • 4 Pages

    Technology plays an integral role in everyday life. It has been recognized as a major driver of modernization of different aspects in life. In the field of IT, there are lot programmers who create different automated systems to facilitate faster transactions for various companies. This has inspired the developers to create a computerized payment system which aims to provide quality software products with more “user friendly interface and filled with security features. The advent of technology has changed the way we live, work and spends leisure time. Computer was considered the lifeblood of society; they are everywhere. And the advancement in discoveries, both in hardware and software, keep coming, day in and day out.…

    • 995 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    | The author points out that successful implementation of Knowledge management has determinants that are specific to different organizational contexts. However, some factors that have had a significant impact on making an organization’s Knowledge management system a success are: 1. A shared understanding of the concept of knowledge management 2. The identification of the value of the co-creation of the knowledge management strategies which make up the system 3. The positioning of knowledge management as a strategic focus area in the organization. 4. Appropriate management of information throughout all stages of the Knowledge life-cycle and the appropriate alignment of technology and information to ensure access to knowledge for all individuals involved. 5. Understanding the role of organizational culture in the working of the organization and its importance in making the knowledge management system a success.…

    • 360 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Point-of-sale systems have replaced traditional cash registers, largely for functionality reasons. POS systems, as they are sometimes called, are relatively easy to use and help provide valuable data for important decision makers. In order to keep up with the record-keeping needs of small and mid-sized businesses, a good point-of-sale system is a must. Web-based point-of-sale systems are preferred over software based POS system because they are easily upgradeable, feature access from multiple computers (Carter, 2012).…

    • 664 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Since the mid-1990s, knowledge management has become increasingly significant for business managers and companies. ‘It is broadly accepted that systematic knowledge management is tightly linked with gaining and sustaining competitive advantage.’ (Bogner & Bansal, 2007, p658-6 as cited in Hislop, 2009, p1) The definition of knowledge management is various because of the wide range of this concept and its complexity (Al-Hawamdeh, 2003). For example, the broad definition provided by McAdam and McCreedy (2000, p155 as cited in Hislop 2009, p53) note that: ‘KM relates to the management of anything classified as knowledge’ Furthermore, Hislop (2009, p59) suggests that: ‘Knowledge management is an umbrella term which refers to any deliberate efforts to manage the knowledge of an organization’s workforce, which can be achieved via a wide range of methods including directly, through the use of particular types of ICT, or more indirectly through the management of social processes, the structuring of organizations in particular ways or via the use of particular culture and people management practices.’…

    • 1109 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Kudler currently has an individual point-of-sale (POS) computer system in every store. The elements of each store POS are connected through Ethernet. 56K modem provides an internet access. All Kudler’s hardware and software are outdated. Each store keeps data on a separate server, store’s systems are not connected and don’t share POS information. KFF computerized most strategically important operations, but didn’t integrate them in enterprise-wide information system. The reliance on manual processes for such important areas as cost management, inventory replenishes, and financial statements, as well as the lack of integration between store locations show significant room for improvements.…

    • 1508 Words
    • 7 Pages
    Better Essays
  • Best Essays

    Knowledge management can be considered to be an essential strategic function in any organisation today. As the world becomes more globalised, and traditional structures of intermediation are removed whilst new ones are created, it is clear that knowledge, and consequently a learning organisation is one that is more likely to find unique sources of competitive advantage, and be able to develop sustainable competitive strategies in the long term. A number of different processes and sub-processes have been identified with knowledge management, such as knowledge generation, knowledge codification, and knowledge transfer or realisation (Grover and Davenport, 2001). Nonaka (1994) suggests that knowledge itself is created through the conversion between tacit and explicit knowledge, through the processes of socialisation, internalisation, externalisation, and combination. Technology has often been used to facilitate and support the processes involved in knowledge management. Knowledge management is essential for sustaining the growth of an organisation and ensuring its success. From the perspective of investors, the worth or value of an organisation is as a result of its ability to strategically retain and generate knowledge that facilitates the organisation’s business activity. The sharing of practices throughout the organisational hierarchy, and adoption of effective techniques formulated by individuals having great expertise in the relevant field can help to improve the efficiency of the business activity. Yet the intertwining of knowledge management processes and information and communication technologies (ICT) may blind knowledge managers to the shortcomings of the use of ICT in knowledge management processes. This essay therefore seeks to present a critical evaluation of the benefits and limitations of ICT in knowledge management processes.…

    • 2359 Words
    • 10 Pages
    Best Essays
  • Best Essays

    Lee, H. and Choi, B. (2003), ‘‘Knowledge management enablers, processes, and organizational performance’’,Journal of Management Information Systems, 20(1), pp. 179-228.…

    • 3515 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    Operation System

    • 358 Words
    • 2 Pages

    9. Linear programming models are used by many Wall Street firms to select a desirable bond portfolio. The following is a simplified version of such model. Solodrex is considering investing in four bonds: $1,000,000 is available for investment. The expected annual return, the worst-case annual return on each bond, and the duration of each bond are given in Table 15. The duration of a bond is measure of the bond’s sensitivity to interest rates. Solodex wants to maximize the expected return from its bond investments, subject to three constraints.…

    • 358 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    The importance of knowledge in organization has been highlighted as early as in 1890 by Alfred Marshall. However, its popularity has been accentuated only in the nineties[3]. The intensification of interest in knowledge management is driven by a host of factors which collectively reflect the urgent need for organization to manage knowledge. These factors include: (1) the increasing realization that wealth is generated from knowledge and intangible assets: (2) the rediscovery that human resource is the reservoir of organizational knowledge; (3) the rapid change in markets, competition and technology which demand continuous learning to remain competitive; (4) the recognition that innovation stems from knowledge creation and application; (5) the growing importance of cross-boundary knowledge transaction…

    • 1744 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Business strategy is all about competitive advantage. Businesses need strategies in order to ensure that resources are allocated in the most effective way.A firm is said to have a competitive advantage when it is implementing a value creating strategy not simultaneously being implemented by any current or potential competitors and when these other firms are unable to duplicate the benefits of this strategy. Thus competitive advantage exists only after efforts to replicate that advantage have failed. It is for this reason that organizations are focusing on methods and strategies that are difficult to imitate. One of such methods and strategies is organizational learning through which an organization is capable of developing intellectual capital which include human capital, social capital and organizational capabilitiethat is rare and difficult to imitate.…

    • 1172 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Kogut, B. and Zander, U. (1992) ‘Knowledge of the firm, combinative capabilities, and the replication of technology’, Organization Science, 3(3), pp. 383-397.…

    • 3807 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    • Growing interdependence between ability to use information technology and ability to implement corporate strategies and…

    • 2040 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    Pos Manual

    • 13961 Words
    • 56 Pages

    EBT Program Purpose .........................................................................................................6 How Xerox Supports the Retailer.........................................................................................6 EBT Program General Policies and Guidelines ..................................................................7…

    • 13961 Words
    • 56 Pages
    Good Essays
  • Powerful Essays

    3. Laboriousness and time consuming when it comes to generating sales and inventory reports for obvious reasons that it is done manually.…

    • 1350 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The different theories of the firm when applied to the field of strategic management help explain firm performance and the determinants of strategic choice from different perspectives. The knowledge-based view, through its focus upon knowledge as the most strategically important firm resource, is seen here as an extension of the resource-based view. The issues with which the KBV concerns itself extend beyond the traditional concerns of strategic management and tap into the domain of the theory of the firm – the nature of coordination within the firm, organizational structure, the role of management, the allocation of decision-making rights, firm boundaries, and innovation.…

    • 1281 Words
    • 6 Pages
    Better Essays