Managing Information & Technology: Categories of Information Systems and Benefits of ERP in Real Life Business
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This report discusses the categories of information systems, such as Transaction Processing System, Management Information System, and Decision Support System. It also explores the benefits of ERP systems in real-life business, including greater efficiency, improved customer service, data security, and flexibility.
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Managing information &technology TABLE OF CONTENT INTRODUCTION......................................................................................................................4 Categories of Information system-.............................................................................................4 ERP Systems..............................................................................................................................6
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BENEFITS OF ERP IN REAL LIFE BUSINESS.....................................................................7 CONCLUSION..........................................................................................................................8 REFERENCES...........................................................................................................................9 Books and Journals....................................................................................................................9
INTRODUCTION Current business environment is changing continuously which have number of impact on business and technology. Now there is introduction of information technology in business organisation which helped in producing innovative products and ideas for satisfied customer want. Information can be said as a process which help organisation in storing, manipulating and securing the data of which are related to their customer base. Number of organisation which provides information and technological services to business organisations, some of these are IBM, Hewlett Packard, XEROX, and Accenture etc. which help a business firm in using the software and solution for their function to achieve goals and objective of business. In this report there will be discussion on Tesco and its use of information technology in functioning of employees and other activities. Tesco is in leading retail giant which is situated in UP with more than 10000 outlet worldwide. Companies operating in more than 10 Nations so it is required a good information and technological system which can help it in smooth functioning. Aim of this report is to create awareness about ERP system and information system. The main objective of this report is to provide the complete analysis and information about the implementation of information system and its use. This report includes a detailed discussion on information system and its category which can use buy Tesco ERP system which enable form giving its operation technology and information system. These reports will also analysis the benefits of ERP system and application of these benefits in real life. Informationsystematic and main part of organisation as it helped organisation in managing the firm with the use of technology whichalways help in reducing the errors of employees and bring productivity in the work of organisation it also enable effective use of resources which help organisation in maximizing the profitability (Omekwu, 2006). Categories of Information system- There are different categories or kind of information system which is going to be mentioned below: TPS (Transaction Processing System): This is a system which is used for day to day transaction of the business firm on continuous basis. In this system, the main purpose is to make awareness towards cash inflow and outflow that helps in calculation of profit and expenses within business firm. In addition to this, it is a record in which the manager check the transaction held at workplace in suitable manner. In context of TESCO, the manager focuses on recording the day to day transaction of business firm that helps in computing
revenue as well as expenditure occurred throughout the year. The finance manager of business firm tackle overall transactions as well as keep updated about the changes which is undertaken in marketplace. Then, all the information related to transaction is conveying to HR manager of the company. Apart from this, transaction processing system helps the organisation in maintaining financial position in an appropriate manner. Without recording the overall transaction, it is difficult for firm to secure their data from burglary as well as theft. Therefore, the management team focuses on monitoring such kind of problem in an effective manner. And also, it is a proper record of cash inflow and outflow of the company whichwillbebeneficialfortakingappropriatedecisionfororganisation.Thetop management focuses on undertaking different business activities and function in better way by using transaction processing system (Efe, 2016). Management Information System (MIS): Furthermore, management information system is another kind of information system. Herein, there are different strategies and policies are made in order to achieve competitive benefits over rival firm at marketplace. The output of TPS is used as an input of MIS. It helps in measuring the performance level of business firm at marketplace. For instance, the management team focuses on input that is comping from selling of product related to cloud system which is used to evaluate the performance level of products in market. They give an idea about whether this product is beneficial in future time period or not. Therefore, the top management of TESCO adopted MIS for assessing the different marketing trends and conditions in an appropriate manner. Apart from this, it involved various types of system like costing, accounting, budgeting as well as HRM system. And also, it helps in monitoring and controlling the whole progression and development of business activities and function in an appropriate manner. In this system, the higher authority has taken effective decision regarding input and output created from first stage. It also helps in resolving difficult task in order to take effective decision which will be beneficial for the business firm (Longley and Cheshire, 2017). Decision Support System (DSS):Herein, there are different decisions is taken to resolve the issues and problems in an effective manner.In addition to this, there are various types of decision is taken such as routine and non-routine. The top management is used DSS in order to take an effective decision which will be advantageous for business organisation. It is necessary to have high skilled as well as knowledge for resolving the issues and problems in an effective manner. The management team of TESCO used this DSS for analysing issues as well as its origin so that there are no issues and problems which occur in future period of
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time. There are different types of decision taken by higher authority at workplace. For instance, if the production cost is higher than profit of business firm, therefore, it is the responsibility of management team to create innovative ideas in order to resolve the problems in an effective manner. Thus, it helps them in boosting future sales as well as growth of company in upcoming period of time. From the above discussed information system, it has been analysed that it is difficult for entity to perform its business activities and operations in an effective manner without taking use of information system. There is different kind of information system which is adopted by the management team of TESCO in order to take an appropriate decision at workplace. ERP Systems Enterprise Resource planning is a centralised system that offers tight integration of all factors of business firm such as HR, planning, attaining, selling, maintaining relationship with customer, finance and other connected application utility. In addition to this, it assists the business organisation in decreasing labour-intensive labour in an effective manner. It also helps in performing difficult task in easy manner. It assists the firm in obtaining results in systematic way. Through the use of ERP system, the business organisation performing various activities and functions such as accounting, managing risk as well as project management in an effective manner. In context of TESCO, the management team adopted ERP systemfor planning,marketingaswellasbuildingcustomerrelationshipinan appropriate way. There is different kind of ERP system which is used by business firm such as Microsoft Dynamics 365, Oracle PeopleSoft and many more. The ERP system is adopted by business organisation to control the distribution activities in an effective manner. Apart from this, it is the duty of supervisor to assess whether there is a requirement of ERP system or not. It is necessary to have high skill, knowledge and competence in order to implementing this system in proper manner. It decreases the issues and problems which occur within business organisation in upcoming period of time. It signifies managing the work in firm so that favourable outcome is achieved. In addition to this, the information is separated into various parts so that it can be adopted throughout other portions of country too. It assists in adopting the data, information as well as system in proper way. Furthermore, without use of ERP system, it is difficult for business firm to integrate their sector in proposed system. Therefore, it is vital for business firm to assess proper ERP system so that optimum utilisation of resources is carried in an effective manner. There are different types of software
like cloud based server, client server and many more. Therefore, adopting technology hardware as well as software helps business firm is used in scanning environment at wider level so that it is using during the process (Almajali and Tarhini, 2016). BENEFITS OF ERP IN REAL LIFE BUSINESS ERP system number of benefits to an organisation which can also implement on the real life working these example can be seen on Tesco as by implementing ERP system an organisation as Tesco get the benefit of greater efficiency, this is because ERP system have a planning software which reduce the need to manually enter the information and also decrease several repetitive. ERP software can also help business processes by making them efficient and easier for organisation to identify the data and information of various departments. Next benefit to Tesco is improvement in there customer services. This also avail the benefit from utilisation of ERP software like information is stabilized which have the sales team building good relationship with customers. The best feature of ERP software is data security is not a concern if company use ERP solution in its functioning. This also acted as a benefit for Tesco using ERP software as it improve the data security and accuracy in company this is because it have separate features and number of formalities which provide security to the data of company. Another feature of ERP system in real life or benefit of ERP system is flexibility as test is a modern enterprises where it required resource planning, number of configuration and systems which can help it in increasing the flexibility of employees. EPR software help organisation in changing in growing the business at allocating resources insufficient minor which provide flexibility to its function, which also benefited in increasing productivity as a system help in controlling organisation cost efficiency and save the time of firm which help it in increasing the production level in organisation. Further, it helps the organisation in managing the whole business effectively which ultimately increases the productivity in company and identifies the abilities of manager and employee by reducing work load from them (Rouhani and Mehri, 2018).
CONCLUSION From the above mentioned report it can be concluded that information technology is an important part of organisation which play various roles in firm. There are various categories of information system which help organisation differently some categories like transaction processing system management information system and decision support system. It is also essential for organisation to select focus on the type of information systems which required by its employees and use accordingly for making decisions. ERP system which is also known as enterprises resources planning is that system which can utilise by organisation for bringing smooth in functions and operations. There Number of benefits of ERP system to an organisation which are analysed in this report and have their great impact on organisation which helped in increasing productivity, profitability and better management.For company it is recommended that information system should be used with the proper decision making and with the help of senior authorities the organisation which can help in achieving its objectives policies further the firm should be aware about the use of system and type and how they will affect business. For this organisation have to hire some good personality who have the skills of operating ERP system and know all the things about the list system which help for me in increasing productivity as well as profitability of business. It is also recommended that form should make a market research in proper manner so that it can use stock wear and hardware which are conflict and error free and also use the latest technology in the software for better result.
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REFERENCES Books and Journals Almajali, D. A. and Tarhini, A., 2016. Antecedents of ERP systems implementation success: a study on Jordanian healthcare sector.Journal of Enterprise Information Management. Efe, B., 2016. An integrated fuzzy multi criteria group decision making approach for ERP system selection.Applied Soft Computing,38, pp.106-117. Longley,P.A.andCheshire,J.A.,2017.Geographicalinformationsystems.InThe Routledge Handbook of Mapping and Cartography(pp. 251-258). Routledge. Omekwu, C.O., 2006. Managing information and technology: critical roles for librarians in developing countries.The Electronic Library. Rouhani, S. and Mehri, M., 2018. Empowering benefits of ERP systems implementation: empirical study of industrial firms.Journal of systems and information technology.