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'FVR' payment system aims to simplify the process of a payment online. Customers only spend few seconds on doing payment with our product. In 2012, suppliers who worked for software company has made 8. Billion dollars. Threat of new entrants: low a lower barrier to entry, to compare with medicine industry, they are different because it is more difficult to make a new product.
'FVR' payment system aims to simplify the process of a payment online. Customers only spend few seconds on doing payment with our product. In 2012, suppliers who worked for software company has made 8. Billion dollars. Threat of new entrants: low a lower barrier to entry, to compare with medicine industry, they are different because it is more difficult to make a new product.
'FVR' payment system aims to simplify the process of a payment online. Customers only spend few seconds on doing payment with our product. In 2012, suppliers who worked for software company has made 8. Billion dollars. Threat of new entrants: low a lower barrier to entry, to compare with medicine industry, they are different because it is more difficult to make a new product.
Name Liang Lu Net IQ 6596626 Group Number: 326 Website Link: http://infosys110group326.blogspot.co.nz/ Tutorial Details Tutor: Day: Time: Nicholl Friday 11am Time Spent on Assignment: 27 hours Word Count: 1638
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2 SOFTWARE THAT PEOPLE CAN EASILY MAKE A PAYMENT INTRODUCTION With a developing technology, Peoples life is limited. We are going to make a product, which is to simplify the process of a payment online. Customers only spend few seconds on doing payment with our product, the key is by scanning your fingerprint, voice or retina. it is called FVR payment system. 3. BUSINESS SECTION 3.1 Vision To provide each payment online with the most advanced technology. 3.2 Industry Analysis: The FVR software Industry Industry: The FVR software Industry. It is a process that how porters five forces model attract the industry which is about supply, competitor, substitutes customers and other elements of the FVR software market. Force: High/Low: Justification: Buyer power: High There are some standards, for example, reliable, low- commission and effective. These payment methods get through receiving credit and debit payments. PayPal is doing quite well in the market but there are still 5 or more alternative software which are Google wallet, Amazon payments, DWOLLA, square, and brain-tree. there more than 6 online payment companies are there. (Hannah Clare,2012) Supplier power: High To depend on big IT suppliers company, In 2012, suppliers who worked for software company has made 8.3 billion dollars; the figure represents 7.1% increase over 2011 revenue. There are 20
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3 companies were earning over 3.5 million dollars as a supplier in 2012, obviously, it can be so many options to choice a supplier. (Bob T,2013) Threat of new entrants: low A lower barrier to entry, to compare with medicine industry, they are different because it is more difficult to make a new product so the medicine industry is high barriers to entry. it says virtually no barriers to entry but to ensure that to create a software by yourselves. (Timothy B, 2011) Threat of substitutes: Low Absolutely. People only have few choices when they are doing a payment, individuals would pay with credit card or debit card if they do not have cash, nowadays, people can make a deal with trade-in too.( Dan M, 2000) Rivalry among existing competitors: High Study on their competition, some of dominant companies like Microsoft offers a lower price to existing competitors, a product compatibility and quality effects customers choices of buying a software in terms of lots of similar products. (Chuan H, 2009) Overall attractiveness of the industry: A number of customers and enormously potential value in the market. As well, it is a low barrier to go into the market, that meaning is creating an relevant software instead of high inventory. Moreover, categories of threat of substitutes are lower because there is only few ways to pay for such as cash, credit card and goods exchanged. 3.3 Customers and Thei r Needs
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4 Based on the research, some people like housewife, they would like to buy online because they are busy, and sometimes, they do not have enough time to go to supermarket in their working time, so they want to save time by online shopping, In another way, some of the business leaders or top managers are busier than others, as well; they love private service with advanced technology. 3.4 The Product and Service The advantages of our product is fast, simplify and effective, it is incredible, Assuming that a lady is doing cook and say pay for the dress and it is all done, how cool it is! Our product provides online tool which is to identify each customer, in the meanwhile, we have support service that do backup in case of the system is not working. 3.5 Suppliers and Partners For instance, Norton, ORACLE and SAP. Notoriously, ORACLE is good at maintenance; oracles strategy does make sense for us, to build our accurate database and analytics appliances. The SAP Company is working on software design, mobile product and in- memory computing appliance which are relevant to develop our systems. Norton is vital to protect our system and customers in security. We would like to work with Amazon and eBay, that we can conduct a fusion in two-way between beginning and terminal to protect and facilitate customers. All of private information is all going through the bank systems as well. 3.6 Strategy: Differenti ation At the beginning of entering a software market, probably, there is a high cost for our firm because of the building database, as well, it is operating in a complicated system that not a maturity. But our product is face to individuals, enterprises and governments all over the world. Certainly, we are paid service which is different from PayPal or other payment companies. On the broad market, we would make a best price that can be accepted by most of customers. The overall strategy is therefore: differentiation of Porters Generic strategies.
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5 3.7 Value Chain Activity: storing, manufacturi ng and di stribution The essential value chain activity is to make the product or service, the FVR system is very hard to create because it is based on enormous data and identification. After that, it would be functional and programmed, thorough the advanced technology. Technology development is the second significant factor, the specific job is like protecting customers identification and prevent any internet attacks, at the same time, our business are focusing on integrate all different information into specific data like analyzing peoples voice and fingerprint. we would also ensure that distribute the right data to customers. In the meantime, our e-business must conduct a strong connection with bank system which is to linked with their accounts. 3.8 Business Processes 3.8.1. THE PLAN TO DESI GN PROCESS - Firstly, we need to hire amount of IT programmers, project manager, and system analyst. There is a vital department which is human resource department because it enables to make sure everyone is in the right position. From planning to designing, our business can roughly distribute different tasks into specific projects, is called resource integrating system, each project managers are in charge of specific goals, and finally, doing a fusion with testing. If it is not matching, transfer to the primary step and fix it.
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REPLACE WITH BUSINESS PROCESS 1 MODEL
3.8.2. MARKETING CAMPAI GN PROCESS -
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7 As we can learn from the below explanation, our business is focusing on any terminal online payment so it is also possible to launch an app in mobile phone, an important process is a marketing campaign process that we provide a free service and get the feedback to improve our technology, after that, it asked for paid service and we provide full service to customers. There is a system that making an interaction or communication directly between our IT programmer and customers, it is called service supporting system. REPLACE WITH BUSINESS PROCESS 2 MODEL
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3.9 Functionalities 3.9.1. THE PLAN TO DESI GN PROCESS To create the product To test the FVR system 3.9.2. MARKETING CAMPAI GN PROCESS To display the product To improve the technology 3.10 Systems
3.10. 1. DESI GN PROCESSI NG SYSTEM Based on the above process, it is involved in specific system which is design processing system On the broad, we called it is decision-support system. It is relevant to how products are planned and designed, and goes through testing with manufacturing data. The system is vital that a key for IT Company is to create a right product which customers are really needs. 3.10. 2. DATA DISTRIBUTI NG SYSTEM Data and personal identification are stored in data warehouse, the signal of order are made by customers on the internet with transaction processing like receiving data, inventorying data and shipping data. We want it to be effective and accurate so we also manage data and analyze them that are suitable for each customer. 3.10. 3. MAINTENANCE OPERATING SYSTEM we should ensure these data are safety and customers are always run in safety systems. We do renew and fix our data and system all the time, processes like encrypting data, making a firewall and store information with bank system.as well, it is a part of enterprise resource planning system as extended components.
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10 3.11. Summary Table: Value Chain to Systems
Value Chain Activity Processes Functionalities Specific Information System(s) Broad Information System(s)
storing, manufacturin g and distribution 1. THE PLAN TO DESIGN PROCESS 1. To create the product
2. To test the FVR system
Design processing system
Test processing system Materials management System
Decision support system 2. MARKETING CAMPAIGN PROCESS 1. To display the product 2. To improve the technology Sales and Marketing system
Maintenance Operating system collaborate system
Enterprise resource planning system
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11 CONCLUSION To sum up, our advanced online payment system will make online shopping a better way, which disrupts a mass of useless process like input pin and account number. All service and backup are supported by a database, IT programming, security system and human, in different areas, e-business, order and deliver system are helping us to operate in the launching period. To integrate information to be humanized data by technology and systems is our aim. REFERENCES
1. Hannah Clare (2012) 5 Online Payment Software Alternatives to PayPal. Retrieved from http://www.zeropaid.com/news/101489/5-online-payment-software- alternatives-paypal/
2. Bob T (2013) Top 20 SCM software suppliers, 2013 Place of publication: Modern Materials Handling, Retrieved from http://www.mmh.com/article/top_20_scm_software_suppliers_2013 3. Timothy B, (2011). Software Patents and Barriers to Entry, published by Forbes Retrieved from http://www.forbes.com/sites/timothylee/2011/12/22/software- patents-and-barriers-to-entry/
4. Dan M, (2000), Different ways of paying taxes. Source: Travel Weekly. 59.68 (Aug. 24, 2000): p23, Retrieve from COPYRIGHT 2000 North Star Travel Media, LLC http://www.travelweekly.com/ 5. Chuan H (2009). An investigation of the word-processing software market war in South Korea: A game-theoretic approach, Journal: Information & management [0378-7206] Tan, Chuan-Hoo yr.: 2010 vole: 47 issue: 2 pg.: 96 -101. Year: 2010, Volume: 47 Issue: 2, Start Page:96