Management of Technology

MANAGEMENT OF
TECHNOLOGY

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK...............................................................................................................................................1
Existing environment of Nisa and its current shortcomings.......................................................1
Benefit that can be gained by implementing SAP FICO (ERP) system.....................................2
Selecting new technology...........................................................................................................2
Justification for capital expenditures..........................................................................................3
Generate sustainable innovation competency.............................................................................3
Time based process map.............................................................................................................4
Use of S-curve in order to develop new technology...................................................................6
Value and limitation of S-curve..................................................................................................7
Description of application process..............................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10
APPENDIX....................................................................................................................................12
2. Time based map process.......................................................................................................12
3. Total labour cost....................................................................................................................12
4. Improvement in operational effeciency................................................................................13
5. TBPM of improved operations..............................................................................................13
6. Annual savings by implementing new process.....................................................................14

Index of Tables
Table 1: capital expenditures...........................................................................................................3
Table 2: Inbound process TBPM.....................................................................................................4
Table 3: Outbound process TBPM process.....................................................................................5
Table 4: Inbound process Time based map process.......................................................................12
Table 5: outbound process Time based map process.....................................................................12
Table 6: TBPM of improved operations........................................................................................14
Table 7: TBPM of improved operations........................................................................................14
Illustration Index
Illustration 1: Time based inbound process map.............................................................................5
Illustration 2: Time based process map for outbound operations....................................................6

INTRODUCTION
In the modern era, companies always try to enhance efficiency level of its operations. For
this they implement new technologies in order to minimize errors and raise level of operations.
Present study is based on Nisa Retail Firm (Ploesser and et.al, 2017). Cited firm conducts its
business in limited areas of UK. Nisa is planning to raise its revenues by changing its operational
process and adopt new technologies Current assignment discusses impact of SAP FICO (ERP)
system on Nisa retail firm. It also covers existing shortcomings in the corporation. It will draw a
time based process map (TBPM). Furthermore, it explains values and limitation of S-Curve in
the business environment.
TASK
Existing environment of Nisa and its current shortcomings
Nisa retail firm is a small size retail company. It distributes quality food and grocery
items to consumers. Recently this company adopts flat structure where all employees are free to
make their decisions. It involves workers in decision-making process so that they feel motivated
and perform their duties well (Wang, Syaiful and Nurul, 2017). Corporation always try to
develop positive and healthy environment so that people can perform their work effectively and
they feel satisfied.
All the operations of the cited firm are managed by traditional ways. All transactions
related to supply chain; cash flow, purchasing, sales etc. are maintained manually. Employees
who are working in organization have no adequate knowledge about the latest accounting
software that can help them in managing records well (Singh, 2016). Due to manual record
keeping system, company fails to conduct operations without mistakes. Most of the employees
work in the purchase department they fail to manage inventory records. This is the major issue
in the company due to which it is unable to generate more profit and expand its business to other
location. Furthermore, workers of Nisa Retail Firm have no knowledge about the latest
technologies. They are using traditional ways to perform their work. In such conditions many
time they get failed to meet with needs of consumers and deliver them goods on time. These are
shortcomings of the business which affects its operational efficiency (Azevedo, Azevedo and
Romão, 2016). By replacing existing financial system with the new SAP FICO (ERP), Nisa retail
company can minimize mistakes and can take immediate actions for enhancing operational
performance of the company.
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