Managing Information and Technology

MANAGING
INFORMATION AND
TECHNOLOGY

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
Discussion........................................................................................................................................4
Types of Information Systems.....................................................................................................4
Enterprise Resource Planning (ERP) Information Systems........................................................6
Benefits of ERP systems..............................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Managing information systems and technology is important for every business in order to
grow and expand its business across worldwide by meeting needs and wants of customers in an
effective manner. Information system is used by organisation as it support various function such
as operation, management and decision making. It helps in collecting large amount of data that
can be used by business to formulate effective and appropriate strategies for expansion and
growth of business in the industry. Companies by effectively managing its information system
and innovative technology are able to gain competitive advantages and increase its market share
by providing customers better experience. Continuous innovation and updated technology helps
in effective utilisation of resources thereby reducing waste and cost incurred in production of
finished products and services (Reiling, 2016). Therefore, in can be stated that information
system helps in management and analysis of varied data and information that are used by
company to plan appropriate strategies for growth of business. Transaction processing system,
management information systems, decision support systems, executive information system are
some of the information systems that are used by company to collect and analysis various
information. Management information system can be used to effectively manage various
resources of firm and achievement of organisation goals and objectives. Enterprise resource
planning system that is used by firm to manage its day to day operation as it helps in effective
management and control of wide information of organisation. Such system helps in improvement
of performance of company by formulating plan, budget and report on financial result of firm.
Aim of this report is to explain about importance and role of information system and innovative
technology in expansion of business and effective operation of various functions for achievement
of goals (Liu, Wang and Li, 2019). Whereas its objectives are to create awareness about usage
and advantages of information technology and ERP in business for render standard and
qualitative services. Another objective is to explain about information management system that
can be used by firm to effectively manage various resource and achievement of common goals.
This report explains about various types of information and enterprise resource planning system
that can be used by firm to gain competitive position and enhance its market share. It also
explains about benefits of ERP system in real life business such as Tesco in achievement of
company objectives.