Saturday, February 1, 2020

IT Managing Business Knowledge and Decision Making Coursework

IT Managing Business Knowledge and Decision Making - Coursework Example This blend assists the communication, operations and advancements in an organization and links its business activities. This is done through an extensive usage of the computer software, data constructs, computer hardware, programming languages, databases and other related components. These components enable a widespread distribution of the messages on a mass level across all the communication channels. Many modern organizations rely on a vast utilization of the information technology in order to render it business operations and services. One of such big organizations is Tesco Plc which forms and leads a huge network of the retail stores operating in various parts of the world. This in organization has been operating in the United Kingdom and other parts of the world since 1919 and has been ranked as the world’s third largest retailer. Other retailers such as Wal Mart follow Tesco in their rankings and services and operations. This Britain-based company having more than 500,00 0 employees and over 4,000 stores manage its huge base of employees and operation in effectives and decentralized structure (Clemens, 2001). The usage of IT plays an important role in the extensive operations, management and governance of Tesco Plc. Many advanced systems and technological equipments have been installed at the company for the purpose of the management of its functions. Some of the examples of such systems include the usage of sophisticated software such as Finance and HR software; supply chain management systems, order processing and scheduling systems and types of communication technology. Besides this, the company utilizes the advanced loyalty cards and car insurance policy quoting systems. The Tesco’s own Tesco Personal Finance system (TPF) allows it to schedule its workforce, and perform food labeling and loan application handling systems. Every checkout in the Tesco’s store manages its Electronic Point of Sale (EPOS) systems and uses computer syste m in the operation and handling of Tesco’s services (Verner, 2000). This usage of IT has a huge impact on the profitability, operations and revenue generation of the company. One of the major ways in which the IT implementation impacts Tesco Plc is increase in the productivity gains and reduction in its costs of production. The customers shopping from Tesco retail stores do not have to go out and but the products. Instead they can sit at home and purchase online through web. Since, the market has become easily accessible to the customers, the productivity gains have increased in the form of customer retention, sales, revenues and other related factors. Besides this, a wide range of purchases are made without any hassle. Moreover, the company can cut their costs of advertisement, EPOS has reduced the employment of the members of staff, and only a few people need to be trained for few short computer and software trainings in the organization. Moreover, the efficiency and effect iveness of the organization is enhanced due to the less wastage and least duplication of the material and human resources of the organization (Clemens, 2001). Besides all the beneficial factors, the features and components of the information technology, such as computer, internet and other databases assist the company to manage its operations and functions. There is a better and

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