How is technology used to enhance the efficiency of a business?

Answer 1

Technologies help to increase business efficiency in different ways like:

1) Improved Production Process - technologies help to increase efficiency in production by reducing human errors (such as misguided information) and increasing the quality of output through a more accurate and precise imputation of raw materials for production. for instance, if we are producing a tomatoes sauce, there might be differences in quality as humans will not precisely measure the amount of tomatoes to be used in producing one can or sauce, but machines can precisely measure the amount of tomatoes required for producing one can of sauce by weighing them accurately.

2) Customer Management - Technologies also increases efficiency in customer management by documenting each customers according to their needs and dateline for meeting up with their demands. this would be very difficult with our human capabilities as we will be overloaded with informations.

3) Inventory management - besides helping us to manage our customers, technologies such as inventory and stock system help us to keep records and manage goods in in the warehouse and also request for supply of goods that are low in stock.

4) Human Resource Management and Training - Technologies help businesses to become more efficient by offering them the opportunity to successfully manage and train their human resource. for instance, modern offices are equipped with machines that record the precise time workers arrive to work and depart from work and as such, the company will not be paying workers for works not done and will be paying them fully for over time.

5) Enhance Decision Making - Technologies also help managers to enhance their decision making process through a prediction system. for instance, a technological device that keeps the causes of business issues in a company can predict based on previous record on how to solve current issues being faced by the company.

6) Value chain Management - Technologies help businesses to have fully control of everything going into and out of the company, as well are where they are coming from and where they are going. such record is important so that the company will know which distribution network is selling faster and keep in paste with the high demand from that network, as well as know the suppliers that are selling higher and find ways to negotiate a more affordable supply business with them..

7) Waste Management - Technology also increases efficiency through waste management. for instance, lets imagine sweeping the a 25 storey with broom and hand, it will take very longer and thus reduce the working hours as most people will not wont to work in a dirty environment. But because of technology, an electronic motor duster can sweep the whole storey building in few minutes. thus, people can go to work any time expecting to be seated in a clean and serene environment.

Mehn!. Like i can name you 100 ways how technology enhances efficiency of a business because, the success of business in modern day depends on technology adoption. Imagine how Answers.com would have been if not for technology. You probably send a letter to them, they send to me, and i reply to them, before they send to you... definitely you have to pay for all the postages like its done in the olden days.. but with technology, you ask a question and it gets answered without any payment.. that is to show you that defining business efficiency without linking it to technology is unthinkable because technology is the pillar for efficiency in business..