#Holmes Institute of Accounting and Business Assignment Help
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mywordsolutionedu-blog · 2 months ago
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🚨 Stuck on your HI5004 Marketing Management assignment?
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HI6007 Statistics for Business Decisions
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HI5014 International Business Across Borders
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punjabassignmenthelpaus · 4 months ago
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Holmes Institute Assignment Help: Your Path to Academic Success
Are you a Holmes Institute scholar not doing well in your assignments? Here is help. A professional assignment help for your Holmes Institute assignments is waiting for you at Punjab Assignment Help. Working together, we guarantee you success in your academic studies by rendering quality assignment help, personalized assistance, and the curriculum advice all through your academic pursuit from any part of Australia whether you are in Melbourne, Sydney, or any other.
Why Choose Punjab Assignment Help for Holmes Institute?
We at Punjab Assignment Help, devote ourselves to producing the best, original, and plagiarism-free homework for the students of Holmes Institute. Our team of experts provides tailor-made solutions to a variety of subjects that are given at Holmes Institute. Here’s why you should choose us:
• Expert Writers: Our Team consists of experts in many different fields like business management, IT, and healthcare & hospitality. All our experts are well qualified and have great practical experience which they have attained in the domain they are specialized in.
• Plagiarism-Free Work: Every single paper is an original piece that we write from scratch by the requirements you give us. Using our plagiarism detection technology tools, we check if your papers meet the highest academic integrity standards.
• On-Time Delivery: We appreciate the sense of urgency. We’ll always be able to deliver your assignment on time, no matter how tight your deadline is; thus, you’ll be able to trust it.
• Affordable Pricing: At Punjab Assignment Help, we propose money-saving packages that look after the academic success of all students since our service is quite affordable prices without any compromise on quality.
• 24/7 Support: The customer support is always up and if you have any queries or require updates on your assignment, you can communicate with our customer support team 24/7. We will assist you, always.
Courses at Holmes Institute
A range of courses in fields like Business, IT, Healthcare, and Hospitality is provided by Holmes Institute. The most famous programs are a few of the following ones:
Business and Management:
Bachelor of Business (BBus)
Master of Business Administration (MBA)
Graduate Diploma in Business (GDB)
Information Technology:
Bachelor of Information System (BIS)
Master of Information Technology (MIS)
Accounting
Bachelor of Professional Accounting (BPA)
Early Childhood
Master of Information Technology (MIS)
Every one of these classes is demanding because of detailed assignments, research papers, case studies, and projects are to be submitted by the students. No matter if the tasks are related to the classroom, research, or just the layout and the citations are the things that are bugging you, Punjab Assignment Help is the right place to go to get help.
How Punjab Assignment Help Assists in Accessing Holmes Blackboard
Holmes Blackboard is the learning management system that Homes Institute uses to deliver and manage courses. Students can study material and submit assignments, get their grades, as well as interact with their instructors and classmates through Blackboard Holmes.
At Punjab Assignment Help, we offer full support in gaining access to and utilizing Holmes Blackboard so that you are able to easily submit your assignments. Whenever you experience difficulties with Blackboard or lack understanding of the submission process, our professionals are capable of leading you through each single step.
Steps to Submit Assignment on Holmes Blackboard
Uploading an assignment to Holmes Blackboard is very easy. Go through the following steps to avoid any hiccups with your submission:
Step 1: Log in to Holmes Blackboard
1. Go to the Holmes Institute Blackboard Login page.
2. You will have an opportunity to access your account after you will have filled the student ID and password blanks.
3. Login in your dashboard by means of click the Login button right away and enter the system.
Step 2: Navigate to Your Course
1. Your Blackboard dashboard will have a list of your courses you are taking.
2. Just left-click on the course you have to submit your assignment for.
Step 3: Find the Assignment Submission Area
Locate the Assignments or Assessment section on the left-side menu within your course.
Locate the exact assignment you are supposed to upload. Both the period of submitting and any other necessary details will be shown next to the link of this assignment.
Step 4: Review the Assignment Details
Tap the document name to go through the assignment details such as the submission requirements, word limits, formatting patterns, and the additional resources or directions given by the professor, respectively.
Download any extra notes or rating scales available in case it is needed.
Step 5: Prepare Your Assignment for Submission
1. Your task is to make sure that your assignment is really done up to the instructions and was also not copied from another source and & it has good format.
2. After making your essay, look it over and make sure you referenced everybody who extremly helped you and gave you thoughts and links
Step 6: Submit Your Assignment
Once you have finished the analysis, click the Browse My Computer button (or equivalent) to pick the right document from your computer and hand it in.
Find the appropriate document on your computer (make sure it is in the right format, such as .docx, .pdf, etc.).
Click on the Submit to complete your submission process.
Step 7: Confirmation
1. After delivery, a confirmation message will be received, informing you that your assignment has been uploaded successfully.
2. You can further verify the confirmation and, if needed, also print it out for your records.
Step 8: Check Grades and Feedback
1. Once graded, you will be able to assign the grade to the grade section or the grades section on the blackboard.
2. To begin with, look for your instructors’ comments as they can make you better in your future tasks.
Why Holmes Institute Students Choose Punjab Assignment Help
At Punjab Assignment Help, students of Holmes Institute are aware that they not only do the tasks of their courses but also participate in several activities the same time, that’s why it is difficult for students to concentrate on every task. Therefore, we have assembled a team to do the heavy lifting for you by offering assignment help online instantly at affordable rates. In fact, we go even beyond that by making sure you are fully grasping your classes by providing a tutor if necessary, enabling seasoned writers to apply their skills to the utmost by producing accurate and complete term papers, and helping you complete the submission process on Holmes Blackboard. We are completely dedicated to your accomplishment in your course and do whatever it takes to reach your career goals.
Get in Touch Today!
Would you like to achieve the most in your academic performance and reach the next level? Contact Punjab Assignment Help for their professional assistance and get help with your Holmes Institute’s assignments. Our Experts Guide is at your service.
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helpmyassignmentsblog · 4 years ago
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The best Holmes Institute Assignment Help services from our Dexterous PhD writing professionals. 100% Plagiarism Free, Guaranteed Good Grade. For more information related to Holmes Institute of Accounting and Business Assignment Help please visit our website https://www.helpmyassignment.com/holmes-institute-blackboard-assignment-help/
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ivedahelp · 5 years ago
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blackboard holmes
Holmes Blackboard & Login Details For Australian Students
Holmes institutes is an Australian supplier of high education education courses and a supplier of schooling with the faculties, staff of vocational education, training, higher education and secondary education on several sectors. Well, this blog is dedicated  to the students who want and who wish to learn about Holmes Blackboard and Holmes login guide.
Blackboard facilitates vital information for the students. The particular reflects all the subjects in which students are enrolled along with the specific semester. Let’s take an example, in the present view student is applied in the three subjects which are as provided with the name of HI5015 Legal Aspects of International Business and enterprise.
Further, we are casting a light on the step by step guide to earn the procedure of Holmes Blackboard:
All you NEED to know about Holmes Blackboard
Holmes Blackboard Learn is a virtual learning environment and course management system. Between students and instructors, blackboard facilitates communication accordingly. Faculty and staff members can post their syllabus, documents, exams, quizzes, testes, learning videos and other courses-related materials in one place for student using a blackboard that can be acquired anywhere in the world with an internet connection.
Holmes Institute Blackboard that allows students to manage their studies through efficient and effective management of assignments, lecture slides, declarations, blogs, study material, courses and study database etc. Holmes Blackboard smoothly communicate with students. Using a template, for every pupil, it is possible to send messages to all students at the same time or tailor messages.
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Blackboard Holmes learning is crucial for students and faculty. Why?
Holmes are constant in supplying the education in huge bulk to enable and enable students to look for the self-improvement, despite of the nationality, gender and belief. Between students and teachers to build the easy communication between them, Holmes Blackboard is working as platform.
Between students and instructors online, the portal helps in establishing an interaction that helps in learning quicker and shares work online in high-quantity.
For the course content and grades, Blackboard facilitates central location.
Holmes Blackboard is utilized to post course content, keep an electronic grade book, administer surveys or examinations, gather and return assignments digitally and more than that.
The objective to present this blog is to help students from Holmes college in Australia for accessing blackboard and facilitate them with the review of the blackboard. Via efficient management of assignments, lecture slides, announcements, blogs, study material, courses and study database and much more, Holmes Blackboard is generally the virtual blackboard created by the Holmes institute that enables students to manage their studies accordingly.
Enrolling in the Holmes Institute courses, Holmes Blackboard login is created for every student and with help of the login students can log in easily.
Holmes College Blackboard is a near through learning environment and students can find details of their assignments and also the entire courses for which they are registered.
How Holmes Blackboard is beneficial?
Easy to learn
Streamlined communication.
Students can access content from anywhere & anytime.
File sharing is easy.
Keep an electronic grade book.
Modern education system.
Central Location for students & teachers.
Library Services.
The Learning Process of Holmes Blackboard!
From the information and details mention here, you might have been aware of both the Holmes institute and it’s Online Learning Management System known as Holmes Blackboard.
Now, we will guide you via step by step l;earning procedure of Holmes Webportal Blackboard.
Register for your account at Holmes Web portal.
Blackboard is accessed through the Holmes Web Portal
All you require is Holmes Username & Password to login into Blackboard.
That’s all, you need to login with these credentials and enjoy your Holmes Blackboard with bunch of features.
How to Login into Holmes Blackboard?
If you wish to access all features, characteristics such as participate in classes, syllabus, documents, exams, quizzes, learning videos, group discussions, online assignments and other programs.
With Holmes Username and Password, you have to login into Blackboard of Holmes Web portal.
https://ivedahelp.com/education/holmes-blackboard-login-details-for-australian-students/
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assigments-blog · 4 years ago
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The Holmes University has a large number of students and continues to increase intake too. The admission window opens for three times a year, March, July and November. Scholarships are offered to those who are bright and have great academic results.
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supermatthewward · 5 years ago
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Help For Some Accounts Students!
Is it accurate to say that you are a student with an individual tendency to research and study? It is safe to say that you are discovering somebody to share your heart with regards to studies?
On the off chance that the two above lines summarized your flow season, at that point, it is on the whole correct to specify: you are experiencing the time of pressure that accompanies contemplates.
Presumably, we being students: pick our subject we are resolved to examine. Be that as it may, to include more, we students are the ones who experience the lessening musings and thinking in our brain as well!
On the off chance that you have been thinking to discover somebody, to assist you with your task, or to assist you with not many ideas identified with budgetary bookkeeping, Cheap Essay Writing Service is consistently close by, for any sort of Cheap Essay Writing Service Help.
Bookkeeping: One of the significant orders for the students trying to be related to the business in the future. Is this subject in your rundown of topics? Do you need assistance in breaking passing marks? Is Assignment fulfillment all that you are searching for?
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What is Assignment Satisfaction?
We know each student searches for an extraordinary task arrangement; however, is it that simple to discover? Task Satisfaction could be summarized: like the sentiment of submitting quality work, complying with the standards and arrangement. The configurations are given by colleges like Holmes Institute, Macquarie University, and Federation University Australia.
Something that would assist one in picking up evaluations and impressions in the class!
Even though for some it despite everything, maybe another word, for us, at Cheap Essay Writing Service, here are barely any approaches to clarify what we mean by Assignment Satisfaction.
•    On-time work arrangement to keep students dependable in their work accommodation
•    Quality and Quantity are never undermined with, in the Research Paper Writing Help.
•    Various Reports (Plagiarism, Grammarly, and Turnitin) are sent opportunely.
Which point to decide on your Accounting task?
All things considered, there are numerous preferences and sort of subjects accessible for one to compose on. In any case, when the clock strikes an opportunity to pick, commonly, students think that it’s hard to pick one theme.
For those minutes to look more straightforward, here we give a rundown of more than 90 points!
Indeed, you heard it right! We have more than 90 points to assist you with picking from and based on what you can actually Buy Dissertations. Begin setting up your assignments, and for positions, we are here to help you.
Points on Accounting Assignment:
1.    Balance Sheet
2.    Accounting Sheet
3.    Cost-Effective Accounting
4.    Equations of Accounting
5.    Accounting Equation
6.    E-business is the current situation
7.    E-business in the contemporary world
8.    Accounting in the preset changing business situation
9.    Accounting when deterioration is in concern
10.    Depreciation
11.    Maximizing benefits
12.    Financial Accounting
13.    Profit-production
14.    Inventory and cost of sold products
15.    Trial Balance
16.    Dividends
17.    Journal Entry
18.    Auditing
19.    Taxation: All one must know to document an appropriate expense process
20.    Amortization
21.    Accounting Cycle
22.    Capital Expenditure
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simran94674-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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jameswilson53-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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mywordsolutionedu-blog · 4 months ago
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Unlock your academic potential and achieve outstanding success with expert Bachelor of Business (BBus) assignment help for Holmes Institute.
Our specialization in Holmes Institute Studies:-
HC1010 Accounting for Business
HC1021 Interpersonal and Electronic Communication
HC1031 Managing People and Organisations
HC1041 Information Technology for Business
HC1052 Organisational Behaviour
HC1062 Decision Making and Problem Solving
HC1072 Economics and International Trade
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punjabassignmenthelpaus · 5 months ago
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HI6034 Enterprise Information Systems Assignment Help
Group Assignment
Assessment Details and Submission Guidelines Trimester T3 2024 Unit Code HI6034Unit Title Enterprise Information SystemsAssessment Type Group Assignment Due Date + time:
07/February/2025
11.59 pm (Melb / Sydney time)
Purpose of the assessment (with ULO Mapping)
This assessment task requires students to take on the role of an employee and complete multiple business process-related tasks using the Enterprise System in response to a detailed scenario. Students will be expected to complete the scenarios and produce the specified reports. Some tasks will mirror tutorial activities. Others will extend beyond tutorial material, requiring students to conduct independent research. The assignment meets the following Unit Learning Objectives:
Examine and communicate to a range of stakeholders the role of enterprise systems in supporting the business strategy, business drivers and business requirements of an organisation;
Critically evaluate the integrative role of enterprise systems in supporting business processes and automating and managing the associated transactions within the organisational context.
Weight 30 % Total Marks Assignment (30 marks) Word limit Not applicable Submission Guidelines
All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.
The assignment must be in MS Word format unless otherwise specified.
Academic Integrity
Information
Holmes Institute is committed to ensuring and upholding academic integrity. All assessments must comply with academic integrity guidelines. Please learn about academic integrity and consult your teachers with any questions. Violating academic integrity is serious and punishable by penalties that range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment. Penalties
All work must be submitted on Blackboard by the due date and time, along with a completed Assessment Cover Page. Late penalties apply.
Your answers must be based on Holmes Institute syllabus of this unit. Outside sources may not amount to more than 10% of any answer and must be correctly referenced in full. Over-reliance on outside sources will be penalised
Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Holmes Institute Adapted Harvard Referencing. Penalties are associated with incorrect citation and referencing.
Group Assignment Guidelines and Specifications
This assessment task requires students to take on the role of an employee and complete multiple business process-related tasks using the Enterprise System in response to a detailed scenario. Your task is to complete several tasks from a specified scenario and produce several screenshots to verify the completion of these tasks. The screenshots are to be inserted (pasted) in the specified areas (Deliverable) in the same Word file and submitted this Word file on Blackboard. For further details, please attend the weekly drop-in consultation.
Some tasks will mirror tutorial activities. Others will extend beyond tutorial material, requiring students to conduct independent research.
Assignment Description
This assessment will be completed in groups of four students. Groups will be formed within the first two weeks of class. Each group is required to complete four tasks (by providing screenshots) and answer the related questions.
Task 1: Financials
Display General Ledger Account
Use the SAP Fiori Launchpad to display a General Ledger (G/L) account within your chart of accounts. Businesses typically maintain multiple bank accounts (e.g. payroll, general checking, and money market) reflected on their balance sheets. Each G/L account associated with a company code contains a chart of accounts and company code-specific information. This allows multiple company codes to share a chart of accounts while maintaining their unique information and settings. To find G/L Account Master Data, select the tile “Manage G/L Account Master Data.” Choose “GBI Global Group” (GL00) in the Chart of Accts field. Locate account 1000000 to display its G/L account master data. Take a screenshot of the displayed information and include it here. (Note: Arrive at “G/L Account Master Data” for G/L account 1000000. See page 31 on SAP Tutorial.)
Put the screenshots in the space provided below:
Name: __________________________________________________________________________________
Group Member Student Id: _________________________________________________________________
SAP Usernames: ____________________________________________________________________________
Deliverable: Financialsa. Display G/L account data Screenshot:
Note:
Now answer the following questions (This part does not need screenshots). Note: The first four questions in this sub-section relate to the G/L account 1000000.
What is the Account Group assigned to this G/L account?
Answer:
Is this account a Profit and Loss Statement or a Balance Sheet account?
Answer:
What is the “Account Currency” for US00?
Answer:
What are the differences between Global Bike Germany GmbH (DE00) and Global Bike Inc. (US00) under “Company Code Assignment”?
Answer:
Record information about the G/L Account in the table below:
G/L Account NumberG/L AccountName (Short Text)2001000 3000000 3100000 6000000 7000000
Task 2: Procurement
You have been given the following scenario, which requires you to complete the associated processes and submit the specified deliverables (outputs) for each process. A template for the deliverables has been included at the end of the scenario.
Scenario
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The Beach Cruiser details need to be entered into the system before the bicycle can be manufactured and sold.
Create a new supplier, “PT-Bike Parts”, with the US00 company code. All other data are the same as “Mid-West Supply” in your workshops.
Name: __________________________________________________________________________________
Group Member Student Id: _________________________________________________________________
SAP Usernames: ____________________________________________________________________________
Deliverable: Procurementa. Display a screenshot of the new supplier you have createdScreen shot:
Note:
Create a material record for the Grand Tourer. You are going to define a new Finished Product, The Beach Cruiser with item code BECU1### (Where ### your SAP user id.). The specifications for the Beach Cruiser bike are:
Net weight: 6000 gmGross weight: 6000 gmStandard Price: $900 USDValuation Class: 7920Purchasing Group: N00
Price Conditions: Qty 1
Amount: $1200
The material will be stored in Plant MI00 (Miami Distribution Centre), Company US00, Storage Location TG00. All other data, including the organisational levels, is the same as for your CHLK1### bike.
Deliverable: Procurementb. Display a screenshot of the new material and Display the Stock Overview for your BECU1-####Screen shot:
Note:
Task 3: Production Planning
The production process for the Beach Cruiser bike requires an additional Work Centre (Packaging WC5-###) due to its complexity. This Work Centre has the same details as the other Work Centres created in the workshop exercises.
Name: __________________________________________________________________________________
Group Member Student Id: _________________________________________________________________
SAP Usernames: ____________________________________________________________________________
Deliverable: Production Planninga. Add Work Centre (Packaging WC5-###) and provide the screenshot hereScreen shot:
Note:
Task 4: Sales and Distribution
Create a new customer “Bikes for Kids” located at 461 Sunset Ave, Palm Beach, FL, US. All other data is the same as for “The Bike Zone” customer. “Bikes for Kids” will be managed by the same contact person as “The Bike Zone” — add the contact to the customer record.
Name: ___________________________________________________________________________________
Student Id: ________________________________________________________________________________
SAP Usernames: ____________________________________________________________________________
Deliverable: Sales and Distributiona. Display the creation of the new customer ‘Bikes for Kids’Screen shot:
Note:
Due to extensive marketing for the new Grand Tourer Bike, GBI has received the following Purchase Order. You now need to complete the fulfilment process for this Purchase Order. This includes the following:
Create the new customer “Bikes for Kids” located at 647 Sunset Ave, Palm Beach, FL, US. 35617. All other data is the same as for “The Bike Zone” customer. “Bikes for Kids” will be managed by the same contact person as “The Bike Zone” — add the contact to the customer record.
Create Sales Order
Complete the Delivery Process
Create an Invoice for the Customer
Receive a Payment of $15000 from the customer.
Deliverable: Sales and Distributionb. Display a screenshot of the invoiceScreen shot:
Note:
Academic Integrity
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Sills link on Blackboard.
Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Table 1: Six categories of Academic Integrity breaches
PlagiarismReproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.CollusionWorking with one or more other individuals to complete an assignment, in a way that is not authorised.CopyingReproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence. ImpersonationFalsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.Contract cheatingContracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.Data fabrication and falsificationManipulating or inventing data with the intent of supporting false conclusions, including manipulating images.
Source: INQAAHE, 2020
Marking Rubric ExcellentVery GoodGood SatisfactoryUnsatisfactory (80–100%)(70–79%)(60–69%)(50–59%)(0–49%)Task 1 [7 Marks]All the steps are followed properly, and all the screenshots are pasted according to the given instructions. Almost all the steps are followed, and almost all the screenshots are pasted according to the given instructions. Most of the steps are followed, and the relevant screenshots are pasted according to the given instructions. Some steps are followed, and some relevant screenshots are pasted according to the given instructions. Most of the steps are not followed properly. However, some relevant screenshots are pasted. Task 2 [7 Marks]All the steps are followed properly, and all the screenshots are pasted according to the given instructions. Almost all the steps are followed, and almost all the screenshots are pasted according to the given instructions. Most of the steps are followed, and the relevant screenshots are pasted according to the given instructions. Some steps are followed, and some relevant screenshots are pasted according to the given instructions. Most of the steps are not followed properly. However, some relevant screenshots are pasted. Task 3 [6 Marks]All the steps are followed properly, and all the screenshots are pasted according to the given instructions. Almost all the steps are followed, and almost all the screenshots are pasted according to the given instructions. Most of the steps are followed, and the relevant screenshots are pasted according to the given instructions. Some steps are followed, and some relevant screenshots are pasted according to the given instructions. Most of the steps are not followed properly. However, some relevant screenshots are pasted. Task 4 [10 Marks]All the steps are followed properly, and all the screenshots are pasted according to the given instructions. Almost all the steps are followed, and almost all the screenshots are pasted according to the given instructions. Most of the steps are followed, and the relevant screenshots are pasted according to the given instructions. Some steps are followed, and some relevant screenshots are pasted according to the given instructions. Most of the steps are not followed properly. However, some relevant screenshots are pasted.
Appendix: Create Work Centre
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Press “Save”
Then repeat for WC2-WC5, replacing the description each time with the description from the assessment document (eg. WC2-### would have a description of “Final Assembly”).
“Boost your grades with Punjab Assignment Help — your trusted partner for high-quality, plagiarism-free assignments delivered on time. Get expert assistance today!”
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gillmahi9123-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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oliversmith63-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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nuramukhtar64-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
0 notes
metinablachim63-blog · 7 years ago
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New Post has been published on https://punjabassignmenthelp.com/hc1041-impact-business-holmes-institute/
HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
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HC1041 Impact of IT for business Holmes Institute
HC1041 Impact of IT on business
Individual Assignment
Individual Assignment Requirements Read the case study and answer the following questions: 1) What are the advantages and disadvantages of the new POS system? 2) How will this POS system help the business gain competitive advantages? 3) What are the advantages of having a centralised database? 4) How could this POS system facilitate decision making? Address the following points:  Why do point-of-sale systems process business activities more effectively?  Can the information be tracked manually in an effective manner? Why or why not?  What types of questions could be answered effectively?  How could the information be used to better manage the business? 5) Recommend telecommunication options for this POS system Address the following points:  Types of networks – LAN, WAN or MAN?  Types of media? –Wired or wireless technologies? Which types of cables should be used for wired technologies? Which types of wireless technologies? 6) What type of risks does the POS system bring and how to protect the business against the risks? Address the following points:  Security  Privacy  Confidentiality Your report will be assessed on the quality of your research and quality of report. Discussion must be relevant to the case study business. Your report is to be in the style of a business report.
Case study — Blooming with Technology
The use of information technology is needed by every industry size and type of business. Small businesses can realize the positive effects through adopting technology. However, small businesses often do not have the resources and expertise of large corporations to implement information technology strategies. However, the benefits of technology for small and medium-sized enterprises (SMEs) are just as crucial to business operations and strategy. Consider Four Seasons Greenhouse and Nursery, located in Colorado. This small nursery was like many other small businesses and garden centers. They used manual registers to track and maintain its inventory as well as determine which products were realizing the most profit. The profits from the nursery were either “negligible” or a loss. They did not have access to useful operational data to effectively manage their business. For example, they did not track or review the margins of individual products. However, they believed that they needed to do something different for their $1M business operation. Enter a new point-of-sale system (POS) in 2008. The system allowed the owners to track useful business data from the sales transactions immediately at the time of the sale; eliminating the need for tracking sales manually. The system processes and stores data from the sale while updating the inventory as well as compiling a sales history. This eliminates reliance on manual entry of sales transactions and reduction of inventory units for the items sold. POS systems provide much more than a cash register. These systems provide more robust functionality in inputting, tracking, and distributing data to provide useful information to operate and manage the business. Accurate inventory data maintained by the POS helped with decision making. Decisions on how many units of a product to order were no longer based on speculation about current inventory units. Now, accurate inventory counts eliminate the guesswork on how much to order, helping the business to operate on leaner inventory units. The system’s reporting can provide the detail transactions for an inventory item, such as how many were purchased, discarded, and sold. The implementation of a POS system also confirmed that the owners did not know as much about their business as they thought they did. As they reviewed reports from the new system, they saw that some products were less profitable than they thought. The more detailed cost reporting by item helped them to understand which products contributed the most profit to the operation. Their new perspective of the “real costs” provided the opportunity to shift production to the higher-profit items, thereby gaining more profit. Prior to implementing the POS system, they simply did not have the time to approach this level of decision making. Knowledge of their detailed product costs helps them to price products more profitably. Price changes can be implemented temporarily (for a promotion) or permanently and still remain within acceptable product margins. The accurate and timely reporting of this information assists them to be more effective managers of their business operations. The ability of the system to process sales, inventory, and purchasing transactions immediately reduces the need for data entry of paper information. The time savings can be used for managing the business rather than mundane clerical functions. The new system has expanded Four Seasons’ management control over employee schedules to review and allocate labour expenses to specific departments and functions. An additional benefit allows the owners to delegate more responsibility to the staff and establish accountability. Instead of the owners establishing goals, they provide the system’s data and ask staff to submit their sales goals for the next reporting period. Ultimately, the information technology system creates a solid infrastructure to process and report the businesses operations for the entire enterprise. The garden centre is an excellent example of how technology can realize benefits for a business. The ability for organizations to remain competitive and agile is crucial. These systems allow organizations large and small to leverage business data to gain a competitive advantage and operational efficiency.
0 notes