Impact of IT Systems on Businesses

What impact have IT systems had on businesses according to the text?

• They have slowed down business processes.

• They have made work faster and more efficient.

• They have increased the number of errors.

• They have had no impact on business.

Which of the following is NOT mentioned as a topic in the lesson?

• Stock Control

• Data Logging

• Marketing Strategies

• General Office Tasks

What is the primary purpose of IT systems in stock control for retailers and suppliers?

• To increase sales

• To monitor and control stock levels

• To improve customer service

• To reduce employee workload

How do database software systems linked to EPOS help in stock control?

• By predicting future sales trends

• By automatically updating stock levels when sales are made

• By managing employee schedules

• By enhancing customer experience

What action can the system take when stock levels fall below the minimum level?

• Alert staff to reduce prices

• Alert staff to reorder new stock

• Alert staff to increase marketing

• Alert staff to close the store

What can the system automatically generate for suppliers?

• Sales reports

• Marketing plans

• Orders

• Employee schedules

What is 'Just In Time' (JIT) stock control?

• A method where products are ordered in advance

• A system where products are ordered as needed

• A process of storing maximum stock on-site

• A technique for increasing stock levels

How does JIT stock control improve efficiency?

• By increasing the amount of stock on-site

• By reducing the need for automated systems

• By holding less stock on-site

• By ordering products in bulk

What is one advantage of accurate stock recording and automatic reordering?

• Increased manual labor

• Higher storage costs

• Less likelihood of running out of stock

• More frequent stockouts

How does reduced stock holding contribute to cost savings?

• Increases storage space requirements

• Reduces the need for JIT

• Saves money on storage space and reduces wastage

• Increases the likelihood of overstocking