Managing Information & Technology: Tesco ERP System Report

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This report provides an in-depth analysis of Tesco's Enterprise Resource Planning (ERP) system and its integration of information technology. It begins with an introduction to the current business environment and the impact of information technology on organizations like Tesco, a leading retail giant. The report outlines the aim and objectives, which include creating awareness about ERP systems and information systems. It delves into the categories of information systems, including Transaction Processing Systems (TPS), Management Information Systems (MIS), and Decision Support Systems (DSS), illustrating how Tesco utilizes each to manage its operations. Furthermore, the report focuses on ERP systems, describing their function as a centralized system that integrates various business aspects. It explores the benefits of ERP in real-life business scenarios, particularly for Tesco, highlighting improvements in efficiency, customer service, data security, and flexibility. The conclusion summarizes the importance of information technology and ERP systems, recommending that organizations use information systems with proper decision-making, hire skilled personnel, and conduct market research to select appropriate software and hardware for optimal results. The report underscores how Tesco can leverage these systems to enhance productivity, profitability, and overall management effectiveness.
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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
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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. Information systematic and main part of organisation as it helped organisation in
managing the firm with the use of technology which always 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
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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
which will be beneficial for taking appropriate decision for organisation. The top
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 system for planning, marketing as well as building customer relationship in an
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
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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).
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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. and Cheshire, J.A., 2017. Geographical information systems. In The
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.
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