Report on IS/IT Strategy for Business Development and Retail

This report delves into the critical role of IS/IT strategy in retail operations, emphasizing its impact on business development and operational management. It examines how technology and information systems are used to support an organization's overall strategy, focusing on areas such as inventory management, demand planning, and supplier relationships. The report highlights the advantages of integrating information technology solutions, including improved efficiency and strategic decision-making, while also addressing the challenges associated with implementation, such as initial costs and the need for skilled personnel. Furthermore, the report explores strategic management concepts, the importance of continuous professional development, and the use of enterprise architecture in business informatics to gain a competitive advantage. The analysis covers the importance of aligning goals with the process of learning and the role of information systems in providing decision-making knowledge to managers at all levels. The report concludes with a reflection on the learning experience, underscoring the significance of IS/IT strategy for business success.

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Critical Analysis and Effective
Communication
Course: Unit 3 - Professional Practice

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Report
Introduction
The term IS / IT Strategy refers to a planning document that describes how technology and
information systems need to be used in an organization's overall strategy, as described in the
Information Systems Strategy Tasks segment. increase. It also describes how technology and
information systems need to be built to support an organization's overall business plan.
Effective IS strategies help organizations improve performance while achieving their
business and IT goals. An important area of retail store management is operational
management (Datry and Heino, 2016). This is partly due to the premise that retailers often
encounter customers directly and need more control over activities that directly affect them in
order to provide better service. Modern retailers, typically supermarkets, have invested
heavily in technology infrastructure to support their operations. This has some advantages,
but it also has disadvantages. Operations management is a very broad topic in retail
management, so all its components should be considered when deciding which electronic
resources to use. Evaluating how diverse data technology implementations affect functional
administration in the retail sector will enable merchants to incorporate various innovations to
effectively comprehend processes from a tactical perspective. One must consider the
understanding process (Veljkovic and Budree, 2019). Such retail establishments have
significant business challenges in integrating technological advancements efficiently to
enhance the retailing distribution network as well as address issues brought on by constantly
changing client demands including retail trends (Sabharwal and Houghton, 2021).
Installing information technology solutions in the retail business has ramifications
As a result of information technology, the way retailers operate has evolved dramatically.
Inventories, demand planning, supplier relationship, process theory, and capacity planning
are all improved for managers who have incorporated provincial information technology
infrastructure. Despite the many benefits, information technology has posed several
challenges to managers and the retail business in general.
You can regulate your purchasing system as well as stock operations in a prompt and
effective approach by using the "First-in first-out" (FIFO) & "last-in first-out" (LIFO) supply

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administration approaches. IT or "Information technology" was used to finish this procedure,
making inventory administration easier for operational executives, vendors, as well as general
buyers (Naikar and Elix, 2021).
Technologies allow management teams to incorporate information and details with
businesses, purchase goods on schedule, have goods delivered as promised by customers, and
be notified of funds expended. This will be feasible as well as advantageous for the person in
charge of the ideal cash handling process (Naikar and Elix, 2021).
The technology they employ in order to gain a strategic grasp of their business
Grasp the inner workings of a retail outlet as well as clients' buying patterns as well as vendor
operations are all necessary for a thorough comprehending of how a firm runs (Sabharwal
and Houghton, 2021). Retail shop executives are progressively making investments in
cutting-edge data systems that support the integration of all facets of their organization to
increase profitability. Implementing and managing these technologies is a costly task and
requires significant investment in the form of purchase and maintenance fees and costs
associated with training and recruiting personnel. When combined with the exchange of data
with vendors, comparatively inexpensive charges enable more accurate prediction, which
reduces inventories throughout the supply network as well as improves inventory control for
both distributors and buyers (Sabharwal and Houghton, 2021). When inventories are minimal
and there is a large availability of every commodity, this aids merchants in understanding
their delivery requirements which allows retailers to optimize their revenue potential by
improving the overall cash conversion cycle. The company can also know when cash is
available to pay the supplier and when they need to order things with credit (Prasad, 2020).
Implementing technology presents a number of challenges
Successful deployment of new technologies is also a top priority for operations managers. As
a result, companies are becoming more and more interested in external technology sources.
But for farm owners and farmers in general, the introduction of this new technology poses its
own problems (Prasad, 2020). Early implementation expenses, difficulties in hiring fresh
technical teams or retaining existing employees, operational governance susceptibility to
exterior risks from technological advances, administration regulations preventing
comprehensive execution of these technological advances, and ongoing, accelerated

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operational expense growth (Mills, 2021). The ever-evolving preferences as well as
requirements of the clients who use them evolve along with technology. In monetary terms
spent on hardware purchases, the upfront expenditure of deploying an innovative
advancement is comparatively significant. To use the new technology, you need to use a
specially qualified person. Given that technology changes on a regular basis, the expense of
training or recruiting new employees is frequently prohibitively expensive for these
businesses (Prasad, 2020). Finding the potential root cause is the most crucial step in problem
definition. You'll need to consider things like: When and where is it occurring? How does it
happen? Whom is it occurring with? Why is it taking place? A fishbone diagram might help
you identify the primary cause. In essence, you state the problem as the effect on the right
side. Then, on the left, you put each potential reason in broader cause groups. The formed
form resembles the skeleton of a fish. This approach to solving problems could be used to
assist in selecting the best technology (Naikar and Elix, 2021).
Conclusion
Contemporary retail executives have indeed been forced to conduct extensive investigation
into how to improve the procedures of their businesses due to the overall cumulative effects
of such technological as well as other variables on retailing operational supervision. This
study produced a number of encouraging results, most of which improved ways to use
cutting-edge technology for supply chain supervisors, as well as how long it requires to
implement it and how it affects overall retailing businesses. This information managerial plan
project discusses the advantages of an IS/IT tactical governance approach and also several IS
approaches for the organization. Information systems are a management solution that
leadership organizations can no longer tolerate to overlook in order to ensure the efficient
functioning of their establishments. This is particularly crucial considering the potential for
technological innovation to be used to differentiate operational administration and draw in
customers and outperform competitors. The information or statistics collected using
comprehensive and sophisticated information assistance is intended to help all levels of the
organization, from front-line workers to design director workgroups, translate quantifiable
ideas gained from the corporation's products into fashionable, fairly made, and decided to sell
at reasonable prices at a quicker rate than other garments stores. The firm's dynamic
distribution system, which is completely regulated, analyzed, as well as maintained at a single
globalization, has also benefited from technological advancement.

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Reflection
Introduction
If a corporation intends to conduct business in international markets, strategic administration
is among the most crucial factors to take into account. This is because strategic
administration aids in the planning and development of superior strategic choices that can
provide favorable outcomes for a firm (Diefes-Dux and Castro, 2018). Strategic management
is a way to plan, monitor, and assess a company's needs to achieve its goals and ambitions.
Businesses should continually reevaluate their strategies for performance in a worldwide
setting as well as come up with new ones to address the challenges (Kocielnik and Hsieh,
2018). Describes strategic decision-making and difficult topics, and the methods used to
accomplish the task (Diefes-Dux and Castro, 2018). This work gave me a deeper
understanding of strategic issues and decision-making processes and their impact on
multinational corporations.
Discussion
I learnt in this course how important information networks are to both everyday work and
personal life. "Information technology" or IT is becoming a crucial component of both
consumers' lives as well as organizations' operations in the modern world. In a firm, the
manner that people interact, negotiate, as well as conduct operations has evolved. Utilize
ATMs, emails, virtual classrooms, and internet ordering, to mention a few, as a consequence
of modern advancements (Lee, 2018). Destructive progress takes place in the digital world.
This affects not only business processes, but also how you approach and sell your customers
(Wenger and Stern, 2019). I learned and experienced how information systems have evolved
over time. Information systems and organizational structures are always intertwined. (Lee,
2018). On the other hand, in order to acquire the expertise required to make the best
operational and developmental choices, managers must be able to filter the clutter of a vast
quantity of information. It also provides a basic understanding of knowledge management
and big data.. The much more fundamental concept in information administration is
undoubtedly the distinction among implicit as well as visible understanding (Diefes-Dux and
Castro, 2018).

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Furthermore, the phrase "continuous professional development" (CPD) describes the learning
activities professionals undertake to improve their abilities, knowledge, and the efficacy of
their education. It enables them to go beyond the confines of their induction programme and
identify and pursue goals. In addition to enhancing my skill set, CPD provided me the
adaptability to change with the workplace. Participating in CPD has helped me to
demonstrate my commitment to professional advancement in a world that is continuously
changing while also helping me to get ready for future jobs. The following is the CPD plan:
Skill what I
desire Steps to achieve it
Timefra
me Future implementation
Alignment of
my goals with
process of
learning
I would try involve
myself in different
kind of work to
further understand its
scope and align it
with my
goals.Further which
will help me create
better goals for future 20 days
I would get a mentor to help me with
further understanding of the process if
I am confused on how it would help
me with my goals
Development
of skills
For development of
skills I need to
practise different
methods and theories. 30 days
This is a larger goal which will take
time to achieve. It would be done to
help me further improve my future
results.By involvement in team work
and managerial work.
As a full representation of data technologies as well as company, leadership must
comprehend the position as well as significance of the EA organizational design. A
conceptual framework called EA or "Enterprise Architecture", describes how a company is
built and run. The business framework, or EA, is in charge of figuring out how a company
may successfully complete its present and long-term objectives as well as ambitions. The EA
requires steps to estimate, develop, process, and perform further investigation of the entity
(Wisniewski and Hirshfield, 2017). In order to create simulations that properly depict a firm's
activity and assets and assist wise business judgments, modeling is crucial. EA interpretations

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can be physically modeled by experts, but automation EA analysis techniques have been
suggested to solve the limitations of mechanical simulation (Hutchings, 2018). Only one
example is error-prone, time-consuming, inadequate or delayed re-adaptation, and cost-
effectiveness. This exam also provides a broad understanding of business informatics and
business informatics, and their importance to competitive advantage. Information systems,
when used to provide administrators with decision-making knowledge, become a framework
for management information (Wenger and Stern, 2019). The purpose of such information
systems is to provide management with important information so that they can function more
efficiently. The statistics that help administrators make recommendations is the main
objective of managerial data solutions since it is the most crucial responsibility for
administrators at all levels. There were many instances that due to some different opinion the
group used to get involved in arguments but I learned to cooperate and make them work as a
team as I worked with them (Hutchings, 2018). Well-designed and implemented information
systems are essential in today's business environment. For gaining a competitive edge, a well-
built and executed data infrastructure is a crucial tool (Wenger and Stern, 2019).
Conclusion
The assessment stated above suggests that finishing a task teaches one not only regarding
significant concerns, sound decision establishment, including various shareholder kinds,
however also regarding the importance of a desk study as well as how to carry out an
efficient desk research. The fact that he educated me as well made it very helpful.
Additionally, I had success using the methods I had studied in classes at global corporations.
I am now conscious of the numerous tactical issues that occur as well as the causes of such
worries. Nevertheless, there are still some aspects where we believe improvements should be
made in the upcoming days. Managing time including formulating suggestions for future
tasks. So, in order to complete the task on schedule in the long term, I'd like to take extra
steps, such as altering my behavior and planning out every step of the process. This was
brought on by the failure to complete the task in a timely manner and by the need to allot
time for secondary investigation and evaluation. As the assignment is finished, we also want
to examine potential solutions for the company's strategic problems and offer helpful
suggestions.

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Wenger, J. and Stern, T., 2019. Reflection on the research on and implementation of
biorefinery systems–a systematic literature review with a focus on feedstock. Biofuels,
Bioproducts and Biorefining, 13(5), pp.1347-1364.
Wisniewski, E. and Hirshfield, L., 2017, July. Assigning reflection essays in a chemical
engineering product design course. In 2017 IEEE International Professional Communication
Conference (ProComm) (pp. 1-2). IEEE.