COMMERCE 2KA3 Lecture Notes - Lecture 1: Sociotechnical System, Root Mean Square, Competitive Advantage
24 Jan 2018
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Document Summary
Chapter 1- information systems in global business today. Growth in cloud computing - saving pictures or documents online. Supply chain optimization and just-in-time inventories - not too much or too little inventory, just enough to cover demand. Shifts in media; more news delivered online. E-commerce and internet advertising expand technology; big data, cloud computing platform, mobile digital platform. Nearly all of the organizations signi cant business relationships with customers, suppliers and employees are digitally enabled and mediated. Core business processes are accomplished through digital networks that span and link organizations. Everything has to be very well connected in order for things to work quicker than they used to, this is called business processes. 80% is spend on business strategies and 30% on the software. Improve ef ciency of operations to attain higher pro tability. Information systems and technologies are important tools for achieving greater ef ciency and productivity. Walmart"s retail link system connects suppliers to stores for superior replenishment system.
