Answer to Question #219504 in Macroeconomics for emy

Question

Take one Company which applies Information system such as Enterprise Resource

Planning (ERP) or any Computer Systems and answer the followings:

I. In which department is the system available?

II. What benefits does the system brought to the company?

III. How does the system brought benefit to its customers?

IV. How does the company make it more competitive in the market?

V. What IS security policy are available

Answer 1

Starbucks applies ERP in their financial management. By assisting users in navigating complicated procedures, eliminating data re-entry, and enhancing operations like as production, order fulfilment, and delivery, ERP improves efficiency and productivity. Throughout, procedures have been streamlined and made more efficient. The system shortens the lead time and therefore the customers acquire their products at a shorter time compared to when the system was introduced. By reducing mistakes, redundant activities, and extra inventory, ERP software lowers administrative and operational expenses. Managing operations also aids in the prevention of interruptions and downtime, as well as the management and scheduling of employees. A company may also give special attention to its most loyal consumers and reward them with automatic discounts. The efficiencies gained as a consequence of these simplified procedures can boost ROI. The company becomes more competitive compared to their rivals who have not introduced the system. To enhance the security of the system all the employees were trained and informed on areas which they are restricted from accessing. The managers had the authority to access different areas of the system by use of passwords and digital signatures.