Designing a New Direct Sales and Accounting System Essay Example
Designing a New Direct Sales and Accounting System Essay Example

Designing a New Direct Sales and Accounting System Essay Example

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  • Pages: 6 (1496 words)
  • Published: January 1, 2018
  • Type: Article
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When creating a new system, it's crucial to take into account special requirements, guidelines, and specifications. It is advisable to engage multiple stakeholders in the project to gather input and ensure that the final result meets everyone's needs. These stakeholders can include the client, oversight committee, customers, and system users. The first steps involve determining the mission's scope, identifying issues, proposing immediate solutions, and implementing them in a way that facilitates a smooth and effective workflow.

Projects are often developed in iterations or phases, which theoretically allows for continuous improvement by eliminating or developing necessary capabilities. In my perspective, an agile approach is the most advantageous. Initially, I have identified multiple business benefits that can propel the company forward, fulfill current demands, and establish a competitive edge within the industry. An example of such benefit is facilitating prompt cust

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omer payments through a well-designed, accurate, and easily readable accounting system that streamlines the payment process.

This text highlights the importance of assisting customers in determining when payments for their purchases need to commence, with the goal of increasing customer loyalty. By tracking the purchases of specific customers, businesses can send them customized sales information and exclusive offers. this procedure is commonly referred to as data mining. Data mining involves extracting information such as age, phone number, spending habits, address, and email addresses from collected data (Turban & Volition, 2011). According to Song & Kuaka (2009), gaining knowledge from past data provides a competitive advantage.

Discovering sales that enhance the organization's profitability is crucial. This can be achieved by reducing excess inventory that doesn't contribute significantly to the company's success, while simultaneously stocking up on popular

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items that generate profit when put on sale. By implementing a tracking system for purchases and generating reports, operational expenses can be reduced. These reports will be forwarded to the accounting department to facilitate invoicing and collection of outstanding payments, ensuring that customers with default accounts are handled appropriately without any form of harassment or neglect.

Increases customer satisfaction (Intangible benefit) refers to an added benefit to the company's standing with its consumers that cannot be measured in dollars. It fosters a relationship with customers, increasing the likelihood of their return and potentially recommending the company to others.

Maintaining integrity of information is crucial in the current system. The process involves both manual and automatic updates, which can lead to problems such as data duplication, human errors in input, and omissions of accounts.

Utilizing database normalization is a formal technique for evaluating and enhancing the quality of a relational database schema (Stringer, Jackson ; Burr, 2012). It enhances professionalism and credibility. As a customer, I would prefer to continue transacting with a store that appears knowledgeable and competent. The ability of companies to securely and privately store customer information, without the risk of hacking or misuse by employees, provides an additional sense of comfort and security.

With the rapid advancement of technology, companies are striving to simplify the purchasing and payment processes for customers. This includes offering various payment methods such as cash, check, electronic payments, Google wallet, and reward points. By making items available for purchase online, businesses can generate additional income and attract more customers. Online shopping provides convenience for shoppers and may also create new and exciting opportunities for business expansion.

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Business Capabilities

The company can generate payment notices by reaching out to customers and working with them on how to repay the essentials of running a business. By implementing a ranking system, the company can keep track of customers based on their frequency of visits, timeliness of payments, or non-payment history. Additionally, organizing sale dates based on seasons and holidays would promote a system that generates special sales and savings opportunities.

The feature would calculate the required inventory levels to meet supply and demand. It also provides the convenience of online shopping, creating a new revenue stream for businesses like EFFUSE. It allows companies to promote, sell, and connect with different demographics. Additionally, it tracks purchases and synchronizes accounts payable, ensuring that the company's financial records are always up to date with real-time information. This enables managers to constantly be aware of the business's financial status, whether it's losing money, generating profits, or breaking even.

A list of categories and the method of purchase for each item would be generated. The system would then generate a "pending list," an "actual profit" report, or an "in progress report" based on the method of purchase.

Three (3) Possible Scenarios

The process of a customer ordering using an online catalog is very convenient for individuals who don't have the ability to physically visit a store due to their personal schedules. Having a system that can market and sell items online provides great convenience for customers. (see figure 1.0)

Creating customized sales and promotions for both past and current customers (See figure 2.0) is a great way to incentivize them to shop at our Jewelry's store in

the future. Additionally, offering discounts for future transactions or for referring our business to others can further encourage customer loyalty. It is also important to provide various payment options to accommodate customers who may not possess credit cards during challenging financial times (see figure 3.0).

The reason for this may be bad credit or personal reasons, where some customers prefer not to take on additional burdens. Allowing customers to pay with cash or check for online purchases can open up new opportunities for reaching a wider range of customers. "Especially for you Jeweler's" has experienced a growth in business and recognizes the importance of updating their systems to meet business needs and stay competitive. Upgrading system capabilities includes sending payment reminders to customers and assessing customer ratings.

Organize sale dates based on season/holiday. Enable online shopping and track purchases. Sync purchases with accounts payable and categorize items purchased. Benefits for businesses include prompt payment from customers, increased customer loyalty, reduced operational costs, a professional image, establishment, and the ability to generate more profit by going online. Figure 1.0 depicts the use case named "Buying online." The scenario involves the process of making an online sale, where the payment goes into a pending status. The brief description includes the steps of adding items to the cart and checking out. The actors in this scenario are the customer. There are no related use cases for customers, but stakeholders include accounting, direct sales, and the customer.

Preconditions: Customer must create account. Customer must fill address information as well as billing.

Post conditions: Invoice is created and associated with sale ID to create backorder. Billing is associated.

Flow

of activities: Actor Customer selects available item. Customer puts item(S) in cart. Customer pays for order. Generates backorder. Generates invoice number. Sends out payment process to customer.

Exception conditions: Customer cancels order after payment. If item is not available, alert gets sent out to customer when available.

Figure 2. 0 Sales Create tailored offers and sales. Customer buys items.

A sales offer has been created for new accounts, existing accounts, and as an incentive for new business. In this process, the Customer, Direct Sales, and Accounting departments are involved. It is required that the Customer has an account for the sale to be completed and the Inventory is updated accordingly. Additionally, the Account is updated and the payment for the item is validated. If an item is not in stock, the system locks in its price figure.

Payment Methods

The customer without a credit card has the option to make online purchases by choosing from various payment methods like cash or check. The customer, accounting, and direct sales are all involved in this process, and it is essential for the customer to select the desired items for purchase.

The online purchasing process starts when an account is created. Items are shipped to customers only after payment has been received. Customers can choose a shipping method during their purchase, and reports are generated accordingly. If the customer does not meet the required criteria or if they surpass them, the process continues. The activity diagram displayed below illustrates the sequential flow of departments involved in tracking, updating, and replacing sold items. Eventually, the process concludes in the accounting department where a decision on generating a

customer's invoice is made.

The completion of the process is depicted in the diagram, where the direct sales and accounting departments collaborate to produce a report for managers. This activity diagram demonstrates the sequential steps taken when a customer buys an item, either at regular price or during a sale. It also includes a decision point to ascertain if the customer already possesses an account or needs to create one in order to partake in the sale.

This Activity diagram depicts the different methods through which an online customer can make payments for their purchased products. The options include cash, check, or credit. However, it does not display the specific process for each of these payment methods.

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