In addition, the introduction is precise as it outlines the purpose of the report and prepares the reader for what will come in the report. The authors were also of the view that this clothing retail business could maximize on its competitive advantage if it used MIS in a more efficient manner; Due to the products sold in the clothing retail business having short life cycles, they believed that a challenged is presented regarding the ability for the company to make quick and flexible market plans, where the use of information is essential.
For businesses such as outdoor sales kiosks etc, small options like wireless POS modules, credit card readers, etc are handy as they help them to record and process credit card transactions.
Leon conveyed that SMBs are using ERP solutions to gain competitive advantage and Vaman pointed out that Impact of information systems on retail solutions can help SMBs with complex business and technological requirements and are essential for supporting business strategies.
Retailer should also know about sales forecast from producer for given line of product. It was a detailed elaboration of what was written in the abstract.
In terms of underlying assumptions, the writer was of the view that SMBs must always find ways to get better to ensure long-term success. Leon elaborated on this point and agreed that ERP solutions have changed the way that organizations do business.
Besides, some of the aspects of the work was original while others were not due to the fact other authors conducted research for the purpose of addressing some of the same issues as mentioned in the Webinar.
An information system should provide relevant information to retail manager regularly. Article Review Firstly, the title of the article was clear and appropriate as it matched the contents presented in the article. Inventory management describes the method which is used to keep a track of stocks in retail business.
Nonetheless, the information presented was on point and provided a thorough overview of the leaders and followers perception as it related to ERP. Aside from handling information efficiently, effective use of this information helps Wal-Mart avoid overstocking by learning what merchandise is selling slowly.
Quality of Research The objective of the research was clearly stated at the beginning of the report. It should allow the manager to monitor sales of product mix and daily sales volume. An information system should be able to capture, store and organize all the relevant data on a regular and continuous basis.
An information system should anticipate needs and requirement of the retail manager. Further, it was useful for the Aberdeen Group to partner with Sage for the purpose of conducting the webinar because as the results of the survey revealed in relation to the challenges, Sage as an ERP solutions provider could address and take into consideration these issues and would have the ability to assist businesses with such challenges going forward.
The largest online retailing corporations are EBay and Amazon. Retrieved October 4, from Aberdeen Group:An empirical analysis of the impact of information systems in logistics performance management of retail firms results indicate that the information systems usage in logistics activities has a significant impact Journal of Business and Retail Management Research (JBRMR) Vol 7 Issue 1 October The Impact of Information Systems on Retail Business Environments Blog at killarney10mile.com The Impact of Information Systems on Retail Business Environments Blog at killarney10mile.com Retail information system should handle the various aspect of product management.
Retail information system should handle customer analysis. Retail information system should allow the store manager flexible pricing over a financial year.
Role of Retail Information System.
Retail information system should support basic retail function like. With the increasing globalization of retailing, both in terms of their points-of-sale and their points-of-supply; the information technology (IT) spend in the retail sector has increased significantly.
IT plays an increasingly important role. Role of IT in Retail Industry 1. Role of IT in Retail Sector 2. The Importance Of Information Technology In The Retail Sector • With the increasing globalization of retailing, both in terms of their points-of-sale and their points-of-supply; the information technology (IT) spend in the retail sector has increased significantly.
Impact of Information Systems On Retail sector MIS – Project Impact of Information System on the retail sector 1. General Overview 3 2. Information Systems 4 a. Transaction process system b.
Management Information System c. Decision Support System d. Executive Support System 3. Various Divisions 9 e. IT and Retail alignment .Download