INFORMATION SYSTEM FOR BUSINESSES - 2

Added on - 28 Dec 2019

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INFORMATION SYSTEMFOR BUSINESSES
Table of ContentsINTRODUCTION...........................................................................................................................1Objectives of Information System..............................................................................................1Role of information system in competitive advantage................................................................2Impacts of Information system integration.................................................................................3Type of Information System.......................................................................................................5CONCLUSION...............................................................................................................................6RECOMMENDATIONS.................................................................................................................7REFERENCES................................................................................................................................9
INTRODUCTIONThe present era has been moving with a boom to the modernisation and the world of upgradations and so as to cope up with the speed the business organizations they too need todevelop and mould them-selves according to the changing environment. And so to do suchchanges the company needs to adopt a which will aid the corporation in managing and makingthe necessary changes (Brooks and et.al., 2015). Therefore company can make use of a computersystem or a package of the factors which can be utilised for collection, creating, storing,processing and distributing information which is basically comprises of the hardware andsoftware and the system users. This system can also be termed as the set of informationalcomponents. The management information system can also be considered as the study of theindividuals, technology and also the business corporations. The system aids the businesscorporations with an ease in the working procedures, operational activities an all kind offunctionalities which are to be essentially carried out within an organization. It is a basic type ofsystem but yet with many complications and can be used in each and every department and onlevel of the organization. The present report is focused on Next PLC which is a multinational andretailer brand name in the sector of clothing and home products (Turel, 2015).Objectives of Information SystemThe business corporations now-a-days rely on an information system for the process offast communication, collection of the data and processing the same and also marketingintelligence. There are many objectives which are been essentially associated with theorganization and are significant for the corporation from these the some of the main objectiveswhich has been explained as below (Whitmore, Agarwal and Da Xu, 2015).Product development.The concept will help the organization with the increase in the speed of the productivityand delivering the goods and services (Lee, Lee and Kim, 2015). All the processes are computerassisted and designed and manufactured in Next plc and which will speed-up the decisionmaking process also and the collaborative technologies will allow the the management teams towork on the various factors of the products simultaneously. The use of these updated systemshelps the business organizations to respond quickly as per the changing requirements of theconsumers.1
Process improvement.This is one of the key business objective for the organization (Hashim, 2015). Enterpriseresource planning is the system which allows the management level for reviewing the sales,different types of costs and other operating metrics on a single and combined software platform.The utilisation of the ERP system will enable the organization in the replacement of the dozensof legal systems which can be used for the financial departments, human resource and also otherrelated functional areas which will make internal processes more perfect, efficient and costeffective.Cost efficiencies.There are many of the process and procedures which are highly expensive and arerequired to be essentially and efficiently to be done by the Next PLC (Kasemsap, 2015). So herethe IT system help the company in the minimizing and reduction of the transaction andimplementation costs which will be incurred by carrying out the various processes. For examplethe the solutions provided by the IT such as the process from word processing to email has madethe companies in the reduction of the costs which was earlier spend on duplication and postagesand stamp duties which will also side by side improve the product quality and the customerservice.Competitive advantage.There are many of the factors such as cost savings, brisk and rapid product and processdevelopment and enhancements and improvements in the other processes helps the businesscorporations in gaining and maintaining the competitive advantage in the market (Postma andet.al., 2015). The business entities can make use of the IT systems such rapid prototyping,software simulations and there are also many other systems for the establishment of the of theproduct to the market with an effective manner and also with an ease.Role of information system in competitive advantage.Information system is the organised system which help in collecting, organising, storageand communication system by which they can attain the correct and proper information whichhelp Next PLC in attaining the success (Hopeniene, Railiene and Kazlauskiene, 2015).Sometimes company members have to use the restricted senses which refers to software helps inrunning a computerized database which helps the computer system as well as entity to attain thetargets. Management information system is the study of the person, technology and entity along2
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