Its a Creative
Thinkers
Presentation
Serial No
01.
Name
02. 03.
04.
Md. Al Amin
Submitted To :
Shaikh Masrick Hasan
Lecturer
Department of Finance
Jagannath University
Elements of IS
Data People Hardware Input User Output Storage
Software
Storage function:
Storage customer order data Access inventory master data Access customer order data
of IS
Information system has impacts on Organization & Business Impacts Economic Impacts Organizational & Behavioral Impacts Impact on Workplace Impact over Personnel
Change is the only constant in the relationship between information systems and organizations. The changes that have taken place in computing have affected the business environment in a big way. Over 40 percent of the equipment investment in the last decade has been on computing equipment. Organizations are finding more efficient ways to accomplish tasks via networking, either internal networks or by connecting to external networks. Technology has caused many changes in the way businesses connect to their customers and suppliers.
The business organization needs to design information systems that serve the better services. At the same time the organization must be ready and willing to restructure the organization to take advantage of the improvements an information system can offer. Information systems use data as their main ingredient and organizations rely on people. However, the similarities are remarkable. Both are a structured method of turning raw products (data/people) into useful entities (information/producers).
If a business doesnt have a plan, then it is planning to fail Using information systems should be a positive exercise. That is, the system should help managers at all levels make better decisions, more efficiently, to the benefit of a greater number of people, and to improve the organization.
The levels of long-term strategic planning feasibility by the use of IS : Business level: a single firm Firm level: multidivisional businesses operating as one cohesive unit Industry level: an entire industrial environment or ecosystem By effectively using an information system in a strategic role at any, or preferably all, levels of the organization, a digital firm can provide more value in their products than the competition.
Information System in
A very effective use of strategic information systems is to create products or services that are so different from the competition's as to create barriers for the competition. Product differentiation is at the heart of the most companies success. IS provides the benefits of product differentiation.
Company rofile Lusaka Group is a pioneer, dynamic, professionally managed business organization has Strong experience in the field of Garment Sector. 100% export oriented garments manufacturer. They are manufacturing shirts, trousers, shorts, sweaters and all kind of knit garments all round the year.
Objectives behind using Information Technology in LG LG want to ensure, Highest product quality Recruiting highest deserving employees Best quality service to their customers And many more minor plans by using Information Technology
Strategies to Implement the Objective As a company of RMG sector, LG fully related to the Information Technology. LG use various Software and Hardware, which make the work easy and comfortable. Besides this it also have various strategy to reach in dominant position in RMG sector and helps to play a monopoly role in RMG sector.
Legato services are an Internet Service Provider and Lusaka group produces garment items. So why did Legato services and Lusaka group linked their companies? Because these two companies see a lot of synergy between their products and services. As they continue to demand more content and entertainment through the Internet, Legato is well positioned to deliver the content. Lusaka has the content but not an efficient, low-cost method of delivering it through the Internet. By merging a delivery-based company with a content-based company, they can beat their competition through synergy.
Esquire Knit Composite Limited is a composite circular knit garment manufacturer in Bangladesh. A privately owned company. Esquire Knit Composite Limited is a sister concern of Esquire Group which deals with woven, knit products and produces the goods from standard factories in Dhaka.
ESC following departments 1.Human resource, 2.Textile (knit dying, yarn dying, spinning, washing, laboratory) 3.Maintenance (warehouse, ETP, WTP) 4.Garments (swing, merchandise)
Visible seen of IS we observed in management site Accounting (Financial, Sales, Inventory, Management, Inter branch) Payroll management (Employee database, Employee ID cards, shifts and overtime, import data, analysis and reports) Fixed asset management (Asset life cycle, Asset database, Fixed asset register, Depreciation for income tax)
Visible seen of IS we observed in technical site In all division we see that, textile division have No of Machines 250. All machine used high priced software. And this machines also run manually. But it takes a lot of time and most of time it gives wrong result. So it is clear that by using information system it much better profitable
The survey was mailed to the executives of the Lusaka Group & Esquire Knit Composite Ltd., which enthusiastically supported the study. The survey was initially tested on individual executives who reviewed the survey and made several recommendations. The input of this test group was incorporated into the survey and the revised surveys were mailed to the executives of those organizations.
We received 23 usable responses to our survey, giving us a response rate of 57 per cent.
Online surveying
Multi-part questions were broadly divided into the following categories:
Profile and characteristics of the business organization; Technologies used by the business organization; Investments in technology; Alignment between IS and business goals; Top managements commitment to technology; Role of IS in supporting organizational tasks; Efficiency measures used to identify the contribution of IS; Critical success factors.
Enhancing Core Competencies Managers develop routines called Standard Operating Procedures which are prcised rules, procedures and practices. Employee learn these to tackle all expected and unexpected situations so that they become highly creative and capable to reduce costs and increases efficiency.
Findings
IS for achieving organizational goal There are different types of Organizations with different goals. For instance, we can say a contrast manufacturing with an insurance company.
Findings
Basically the manufacturing company is targeting new buyers to sell their new products. To achieve its goals they take the advantages of IS. On the other hand, the goal of insurance company is to stable customers. So obviously they also use IS. Though both of these businesses are small and entrepreneurial. But they must respond to IS.
Of Information System
Advantages are Support business decision making Reduce human labor Support short and long term business goal Distribute complex information Globalize the business More cheaper ,quicker and efficient communication Has made the possibility for business to be open 24*7 Creation of new jobs. Minimize the cost
IS has expand the business operations which enables business too effectively and successfully plan, manage, execute strategies which leads to profit. Our surveyed groups have already successfully implement the IS functions. At the end, the most ethical thing that we should remember is that at the core of every organization are people because they run the Information System.