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How can internet technologies be involved in improving a process in one of the function of business?
Wiki User
∙ 11y ago
Using the internet, intranets, extranets, and other network changes how accounting information systems monitor and track business activity. The online, interactive nature of such networks calls for new forms of transaction documents, procedures, and controls. Many companies are using or developing network links to their trading partners through the use of the Internet or other networks for applications such as order processing, inventory control, accounts receivable, and Accounts Payable. These advances in the accounting function have to vast improvements in the capturing, reporting, and the accuracy of company data. Thus, real-time processing of accounting information enables executives to make better and more informed decisions involving their firm’s resources.
Wiki User
∙ 11y ago
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Is E operations boon or bane to the Indian manufacturing sector?
This suppose to Anna university Assignment question! Bad luck guys its a tough time to find out the answer! I tried to answer: E-Operation is boon to Indian Manufacturing sector E-Operation is concerned with the use of the Internet and e-business technologies in manufacturing industries. It covers all aspects of manufacturing - sales, marketing, customer service, new product development, procurement, supplier relationships, logistics, manufacturing, strategy development and so on. The Internet also affects products as well since it is possible to use Internet technologies to add new product functions and to provide new services. Indian Manufacturing companies are using the Internet successfully for many different purposes. The scope of applications is large. Certain applications such as supply chain management, procurement, trade exchanges, and of course on-line sales have attracted a lot of attention in the press. However, this should not blind people to the fact that the Internet and e-business technologies can be used to support all aspects of manufacturing enterprises' activities. The challenge is to find the right application at the right time. Application of the Internet is not a one-off project, but a journey that involves dealing with technologies, strategies, business processes, organization and people. Success will come to those firms adopting an integrated approach driven by business needs and opportunities. Top concerns for CEO's in today's Indian manufacturing business environment are: * the threat posed by competitors; * controlling costs; * finding new opportunities; and * improving responsiveness; * better customer focus and service. E-Operation is capable of delivering these benefits. Manufacturing business of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more. Companies such as United Technologies, General Electric and many others are reporting benefits from the use of the Internet. These benefits include: * improved speed of response; * cost savings; * improved communications, information and knowledge sharing; * reductions in inventory; * improved efficiency and productivity; * harmonization and standardisation of procedures; * better transfer of best practices; * acquisition of new customers and increased sales; * Improved customer service. However the benefits are achieved not by technology (which is an enabler) but by addressing strategy, technology, organization, people and business processes as an integrated whole and making changes in all these dimensions. The Internet is just like other information technologies - change management, good implementation practices and clear business objectives are required in order to reap the full benefits.
What are the statistics on business ventures use of the Internet?
Rich
What is used to produce and buy efficiently?
With new technologies, the internet is one of the best ways to make and produce goods and services in an efficient manner. You have unparalleled access to thousands of suppliers worldwide using the internet.
How does the use of internet help in the development of business in the business environment?
internet helps in creating advertisement for the businesses. search in google about online advertising. you will get all ther information that u need.
What exactly are E Business Degrees?
An E Business degree is using your computer at home to prepare for a degree in business by taking online classes and passing them. This enable you to qualify for jobs in business such as internet, marketing, sales etc.
How can internet technologies be involved in improving anyone of the business functions?
Internet technologies can help improve the functional areas of a business by saving the business money, since they are more efficient than hiring new workers. Internet technologies essentially replace personnel for a fraction of the cost.
Give examples of how business process reengineering frequently involves the strategic use of internet technologies?
Give examples of how business process re-engineering frequently involves the strategic use of Internet technologies?
How can business technologies help a business form a strategic alliance with its customers suppliers and others?
internet technologies can help businesses to better stay in touch with their clients and also to keep their clinents updated on the status of their business and accomodations.
When did Heritage Internet Technologies end?
Heritage Internet Technologies ended in 2011.
When was Heritage Internet Technologies created?
Heritage Internet Technologies was created in 2001.
What is the population of Heritage Internet Technologies?
Heritage Internet Technologies's population is 200.
What is Heritage Internet Technologies's population?
Heritage Internet Technologies's population is 500.
What is online accounting?
online accounting is the application of online and Internet technologies to the business accounting function. Online accounting is software hosted on a web server that can be accessed by many users at once using commonly available web browsers.
The evolution of multimedia and Internet technologies has made the Web the perfect communication tool for marketing business services and products?
true
What is the is an internal network that uses Internet technologies?
is an internal network that uses Internet technologies
What does Codegate specialize in?
Codegate specializes in the way businesses run with IT solutions and ways to better the business on the internet. They provide many speeches and seminars on improving technology for your business.
What is an E-organization?
E-Organizations are different from the traditional organizations. These are organizations established and operated, based on the Internet and other related technologies in an environment referred to as Internet Culture - whereby organizations will be placing the Internet at the centre of their business and encouraging ubiquitous use of network technologies E-Organizations are expected to be one of the promising organizational forms in this Internet era.
