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Role of IT Systems in Lotus Cars

   

Added on  2023-01-11

14 Pages5030 Words86 Views
Business Development
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Business IT Systems
Role of IT Systems in Lotus Cars_1

Table of Contents
Introduction......................................................................................................................................1
P1 IT systems within functions of Lotus Cars........................................................................1
P2 IT systems in attainment of objectives of Lotus Cars.......................................................4
M1 How IT can be used in dissimilar functions.....................................................................5
D1 Assessment of purpose of IT systems...............................................................................5
P3 Aspects related with IT systems........................................................................................5
M2 Analyse of unique ways IT processes information..........................................................7
D2 Illustrate of distinct aspects of IT systems........................................................................7
P4 Evaluation of how IT system can be used in supporting value added change for improving
operations of business.............................................................................................................7
M3 Evaluation advantage and disadvantage of IT systems....................................................8
D3 Furnish justified recommendations for improvising IT system........................................9
P5 Recommendations for practical IT solutions for organisation..........................................9
M4 Evaluate IT systems support solution............................................................................10
D4 Evaluate recommended solution.....................................................................................10
Conclusion.....................................................................................................................................10
References......................................................................................................................................12
Role of IT Systems in Lotus Cars_2

Introduction
Information technology has critical role within ways in which operations are being
carried out by organisation. This is essential for firm to utilise new as well as innovative
technologies which will smooth overall performance of firm. There are various functions that are
conducted by them and are dependent on usage of information technology that aids them within
attainment of objectives as well as goals (Davis and Comeau, 2020). It is necessary to make use
of relevant technology as this leads to make sure that on time services are being delivered.
Business information system is referred to as accumulation of set of rules that are being utilised
by IT infrastructure within generating information. Peculiar systems are being developed to
support decisions so that precise outcome can be achieved through making use of relevant
information technology. Along with this, business IT system aids within enhancement of ways in
which operations are being conducted by firm.
This report is based on Lotus Cars Limited is British automotive firm that is being
headquartered in Hethel, United Kingdom from 1948 and was founded by Colin Chapman. This
is a joint venture that deals within automotive industry and they are manufacturers of racing as
well as sports cars that have light weight along with this possess fine handling characteristics.
They render their services worldwide. This report comprises of role of information technology in
different functions of organisation, their contribution and ways in which information is being
handled. Along with this insight is provided into CRM, knowledge management aspects and
many more. Furthermore, it also involves the ways in which value change is being supported
through utilisation of IT.
P1 IT systems within functions of Lotus Cars
The system that is liable for supporting management of administration’s business
information in precise and adequate way is called information technology system. There exists
unique ways as well as tools which aids within effectual performance of business by
enhancement of their organisational activities. Information technology system within Lotus Cars
will aid them within emphasising on their manufacturing processes through which overall
performance along with productivity can be amplified within market place (Freeman and
Urbaczewski, 2020). Effectual IT system will aid within adequately responding to altering or
evolving requirements of business as well as marketplace. Information technology leads to
1
Role of IT Systems in Lotus Cars_3

creation of direct influence on ways in which strategies are being made by business for carrying
out relevant business functions. Within Lotus Cars different operations are being conducted by
distinct departments to make sure that they are able to deliver services in relevant manner.
Various functions are being carried out by firm like collection of data, formulation relation with
customers; process enhancement, marketing, communication, enterprise resource planning and
many others are there (Heiat, Heiat and Spicer, 2020). All these functions can be conducted by
management of Lotus Cars by making use of adequate information technology system. The
utilisation IT in different functions of firm has been specified below:
Data collection and management: It is crucial functionality of firm that aids within
gathering of data along with their usage in an adequate manner. Information technology is being
utilised by Lotus Cars for carrying out their functions associated with management. Due to
effectiveness of information system respective firm will record crucial information in an
adequate way that is being utilised by firm for formulation of decision making process. It is
being utilised fir storage, managing along with accessing data in relevant manner. Thereby, leads
to protection of valuable information of the firm from any kind of unauthorised access.
Communication: It is crucial function of firm that is liable for supporting as well as
conveying information and data to all the employees across the office as per the requirements.
This aids within carrying out business tasks in an accurate as well as enhanced way through
which precise decisions can be made on right time. An example can be taken to consider this,
like through usage of internet emails can be sent to all employees or anyone whom they want to
communicate it and also receives them. This acts as a medium for carrying out communication in
a relevant way. This implies that it will lead firm, Lotus Cars to have enhanced functionality
which will smoothen their operations. The other example can be taken like HR can send emails
to probable candidates rather than having pool drive as it waste time and cost is also invested
which can be eliminated by making use of information technology (Hoxmeier and Lenk, 2020).
This will also improvise their operations.
Customer relation management: Information technology systems are relevant for
improvisation of CRM systems within organisation. It is utilised by Lotus Cars for creation and
development of effective relationship with their probable customers like it will provide a
platform for people to ask organisation with their queries like when will peculiar car be launched
by Lotus Cars, its prices and many other things can be directly asked from management of
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