Role of IT in Business Management Essay Example | Topics and Well Written Essays - 500 words

Role of IT in Business Management - Essay exampleThese are namely (Angell, 1991)Information engine room has helped organizations in managing their resources efficiently and to produce the maximum throughput. Information technology has become an integral part of all organization small or big. This is due to the fact that any organization will have to make critical decisions when it comes to marketing. Information technology when implemented in the side by side(p) areas of business plays a big role in improving the organizations market holdSupply range of a function Management Any organization has to take important decisions regarding their products as to what to supply, how much to supply, how to supply and where to supply. Supply chain management can be divided into three main flows Product Flow, Information Flow and finance Flow. All this information is stored in databases and data wareho utilizes. This information retrieved and fed to SCM application programs to be analyzed. SCM software has algorithms to dress the best way to fill an order and to track the product status, etc.E-Commerce Many people straightaway prefer buying products over the internet rather than buying from a retail outlet. Organizations can use internet to sell their products which reduces the paper as well as the manual work to a massive extent.