ASSIGNMENT OF
INFORMATION SYSTEM
Information’s are required in almost every walk of life .It has
different impacts on the different fields of the business.
FINANCE
Finance is the
backbone of any venture. Information system plays a vital role in establishment
of a business regarding finance.
- It enables a firm to aware of the
financial needs.
-
It also tells us about financial structure of a business i.e. debt
equity ratio. It also gives information about all ratios of finance.
- How much fund will be required initially
to run the business and what would be future requirements and how better,
hey can be managed.
- The cheapest availability of the
funds is only possible, if we have an effective and efficient information
system.
MARKETING
- The marketers have a better
knowledge of the unfulfilled and under fulfilled needs of the customers.
- Through the information system
,they look for the opportunities in the market , and try to fully
capitalize the opportunity .
- If
a company have a better information system , it can easily create
and manage the customer data base , that ultimately guide them to the full
satisfaction of the customers ,which is the ultimate objective .
- It saves the cost of the research
.With the readily available information’s the need for the hectic research
is not much emphasized.
- The advertisement and sales
promotion activities can easily be run through this system, by keeping the
desires of the customers in view.
PRODUCTION / OPERATONS
- The most important decision about the location of the plant,
can be reached most efficiently through the information's available.
- The design and capacity of the plant, keeping in view the
requirements of the customers .
- The availability of the latest technology , to be competitive
in the market .
- The source of cheaper procurement of the raw material , for the
quality production .
- How better scheduling can be done .
- Efficient supply chain
management system can be devised , and managed , because , this gives the
company competitive edge in the
market place .
- The management of the lean and peak selling times can be
actively managed .
HUMAN RESOURCE
MANAGEMENT DEPARTMENT
·
Human resource management has
gained tremendous importance in the modern world of business.
·
Information system help the
management in determining the need of
the work force required .
·
The required qualification is
very important for the department to be effective .
·
The skills of the work force to
do the required job in a much better way to deliver the quality products and
services , can only be traced through information system .
·
To retain the good people , is
a uphill task , which is to be achieved through the research of the competitors
, which can only be analysed with a
effective information system in place .
·
The future need of the executives
and the workforce is calculated and forecasted through this IS , and only then
their training programmer is undertaken
.
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