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- 6 Marks
Question
The Management of My Hope Enterprise Ltd, a family-owned supermarket with branches throughout the country, has refused to adopt modern communication technology in its operations, citing heavy initial capital outlay. You have decided to convince the General Manager of the firm who is your friend on the benefits to be accrued from the use of modern technology.
Explain FOUR (4) advantages of Transaction Processing System (TPS) to the General Manager of My Hope Enterprise Ltd.
Answer
Advantages of Transaction Processing System (TPS):
- Operational Efficiency: TPS facilitates the smooth operations of the supermarket by processing large volumes of transactions quickly and accurately, which enhances overall efficiency.
- Access to a Wider Market: By integrating TPS with internet capabilities, the supermarket can reach a broader customer base, allowing for online sales and better customer service.
- Activity Tracking: TPS helps information systems managers to keep track of all activities and transactions within the organization, providing valuable data for reporting and analysis.
- Backup and Data Integrity: TPS provides robust backup features that ensure data is securely stored and can be recovered in case of system failures, ensuring business continuity.
- Time-Saving: TPS can process large amounts of data within a short period, reducing the time required for transactions and improving customer service.
- Database Stability: In the event of network failure, TPS ensures that the information is stored securely in the database and transactions can resume once service is restored.
- Tags: Data Management, Operational Efficiency, TPS, Transaction Processing
- Level: Level 1
- Uploader: Theophilus