iMpOrTaNcE oF eNTeRpRiSe rEsOuRcEs PlAnNinG

This is diagram for ENTERPRISE RESOURCES PLANNING.(click here)

1. It is simply a great way to organize a varety of departments and job roles into a single computer system with information easily avaiable and verifiable.
Foe example as a business grow the use of enterprise resources planning system becomes significant necessity.From processing starting from sales , to order , to invoice to receipt of payment all are often streamlined with the use of such system.

2.It can lead to a contants saving 0ver the use of such a system as the benefit can often eliminated the need to hire additional employees as well as mistake being make from greater amount of tasks being done manually where as they could be automated and streamlined by an ERP system.

3..Consistency and reliability of business data across the organization

4..Streamlined transaction processing within and outside organization

5..Provides operations level reporting on a click of a button

6. It gives you the opportunity of integrating every procedure of your business while improving the quality of several areas simultaneously. These areas include human resources, accounting and operations. In addition, ERP helps to increase your production levels and to control your costs more efficiently, and this means that you will be able to control the whole enterprise more efficiently.

7.  They also enhance management decision making by making future projections about sales during a certain period of a certain product. Management would then be able to make decisions whether to increase/decrease production of that particular product which in turn would help save resources from being wasted which could be used for other purposes e.g for making other products. They also help managers make decisions about introducing some new value added features to an existing 'hot-demand' product to enhance sales further. This is how product quality is also enhanced. Inventory costs reduction must be given a great importance in every organization. ERP helps reduce inventory costs by better planning and forecasting of requirements. ERP system helps getting higher return on investments (ROI) in a fast manner.

8.  ERP system also poses significant challenges in the areas of information security and business continuity planning.

CaSe StUdY cHaPtEr 2

EXAMPLE THE TRADITIONAL TELEPHONE





1.Do you view this technology as a potential threat to traditional telephone companies? If so, what counter strategies could traditional telephone companies adopt to prepare for this technology.


Yes, i agree with techmology potential threat traditional companies to used generic strategic that is diffferentation.For the development of a product or service that offer unique attributes that are valued by customer and that customer perceive to be better than or different from the product of the competition.When the companies used the differentation the companies can produce more product or service to their customer request.Companies  can  variety their product to the market for example Nokia product many models of nokia phones you can look out.From the old trend model until the
 sophisticated.It is a expand. When customers use smartphones easy for business customers. Easy for customers to pay the bill with ease. No need to rush.Easy to communication even remote instance when we are engaged in the business from the outside.

 2.Using Porter`s Five Forces describe the barrries to entry for this new technology.

By using Porter Five Forces the describes to entry for this new technology is the first the threst of subtitute product and services.For example from the case the company substitute the credit card into a cell phone , the barrier is it maybe not fullfill the customer satisfactionSome customer more prefler using IT.It is the best practices in daily life maybe the cell phone only can buying something like can of soda only but it`s will not new bank must offers online paying bills.The can a cess it very fast by use a finger tip.

3.Which of Porter`s three generic strategics is the new technology following ?

-cost leadership

• becoming a low cost producer in the industry allows the company to lower prices to customer.
• competitors with higher costs cannot afford to compete with the low-cost leader on price.

-Differentiation

• create competitive advantage by distinguishing their products on one or more features important to their customer.
• unique features or benefits may justify price differences and stimulate demand.

-Focus strategy

• target to a niche market .
• concentrates on either cost differentiation.

4.Describe the value chain of the business of using cell phones as a payment method.

• Merchants – accept payments from the consumers by reading the card at the Point of Sale (PoS) machine
• Acquirers – hold merchant accounts and manage merchant payments
• Payment networks – Connect and switch transactions between merchants & issuing banks
• Issuers – manage consumer accounts and also take the associated risk
• M-Wallet/Stored Value Account (SVA) – Issue and provisioning of the mobile wallet/SVA (only if case mobile payments) ....CLICK HERE

5.What types of regulatory issues might occur due to this type of technology?

Issues that occur in technology right now is fraud. The issue that often happened was double charges. Often when bisness right amount in conditions not are disclosed in documents. So customers do not know the actual number of customers paying double jumlah.so there something customers will think there is fraud in the business. Moreover, we use the identity of others. We can use the identity of others to menupu clients such as identity cards and others.

CHAPTER 2 (PoRtEr`S 5 FoRcEs MoDeL)

FORCES NO. 1: BARGAINING POWER OF SUPPLIER

FORCES NO.2:THREAT FROM SUBSTITUTE PRODUCT

FORCES NO 3:COMPETITION & RIVALRY 

FORCES NO 4:BARGAINING POSITION OF CUSTOMER

FORCES NO 5:BARRIER TO ENTRY

ABOUT CHAPTER 1(BUSINESS DRIVEN TECHNOLOGY)

Iini muka first time masuk kelas mgt 300...Sangat happy owhhh..First dengar subject ini macam tak tahu apa-apa...Fikir jugak aku macam mana  la nak belajar kan..Boleh ke tidak aku belajar ini...Apa yang aku fikir sekarang semua orang boleh so kita pun boleh buat...SO  CONFIDENT WITH MYSELF...
  
 Banyak sangat pulak aku menbebal.MaRI aku cerita kan first day aku belajar mgt 300 dan  nama nya TECHONOLGY IN BUSINESS apa yang aku paham.SO aku start k..

First belajar memang tak tahu apa-apa la kan...tapi bila madam intan liyana ajar terang tentang subject yang aku ambik ni baru la aku faham...


Today I learned the first chapter in MGT 300 .. Before I was a long story.Iwant to tell the objective chapter 1.The objective is Distiguish management information system(MIS) and information techonology (IT) , Describe the relationship among people information technology and information , Identify four different department in a typical business and explain how technology helps then to work together, Distiguish the four different type of organizational information cultures and decide which culture applies to your school.

OK,tadi aku tulis objective ..Sekarang aku nak tulis apa yang aku pham tentang chapter 1 ini..Chapter ini pasal IT in our daily life bagaimana IT impact on business operation.Pertama reducing cost , improving productivity and the last one is generating growth.Ini IT punya impact ada banyk lagi.
And then information Technology Basics ini terbahagi kepada dua first information technology (IT) and second management information system (mis).Let see one by one.Untuk Information Technology (IT) is covering many field that deal with the use of electronic computer and computer sotfware to convert , store , protect , process , transmit and retrieve information securely.For Management Information System (MIS) REFER THIS LINKS   http://www.businessdictionary.com/definition/management-information-system-MIS.html 

.focus to business function just as  marketing finance , operation , and human resources.Important element of (mis) is data,information and business intelligence , IT resources and ITcultures.
Dalam chapter 1 juga included  Data , Information and business intelligence.Untuk data focus raw facts that describe the characteristics of an event , for the information focus to meaningful and useful context  and the business intelligence helps companies gain a more comprehensive knowledge of the factors  affecting their business.Then itresources have three key resources that is people , information and information technology.Untuk IT cultures pula influence the way people use information and with reflect the important that company leader attribute to the use of information in achieving success or avoiding failure.
Dalam chapter  1 juga  ada organization Information Culturer terbahagi kepada 4 first information-funtional culture , second Information -sharing culture , third Information -inquiring culture and then the last one is Information -discovery culture.
Ok ini apa yang aku faham tentang chapter 1 dan apa yang included dalam chapter ini...

END FOR CHAPTER  1