Sunday, 2 March 2014

THE NINETEENTH CHAPTHER



Yeayyy finally we it is a new chapter !!! wohooooooooo :O so the ending chapter for our MGT300 is OUTSOURCING IN THE 21 CENTURY. Iam so happy and excited to share about our last chapter !


OUTSOURCING PROJECTS

Insourcing  (in-house-development) – a common approach using the profesional expertise within a organization to develop and maintain the organization’s information technology systems.
Outsourcing  - an arrangement by which one organization provides a services or services for another organization that choose not to perform them in-house
Onshore outsourcing – engaging another company within the same country for serices.
Nearshore outsourcing – contracting an outsourcing arrangement with a company in a nearby country
Offshore outsourcing – using organizations from developing countries to write code and develop systems

Factor driving outsourcing growth include :
  •  Core competencies
  •  Financial savings
  • Rapid growth
  • Industry changes
  • The internet
  • Globalization

Outsourcing benefits :
  •  Increased quality and efficiency
  •   Reduced operating expenses
  • Outsourcing non-core processes
  • Access to advanced technologies
  • Increased flexibility

Outsourcing challenges include :
  •  Contact length

- Difficulties in getting out of a contract
- Problems in foreseeing future needs
-Problems in reforming an internal IT department after the contract is finished
  • Competitive edge
  • Confidentiality
  • Scope definition

Thank you for reading my blog . Btw my final is just around the corner wish me luck !! and thank you again for visit my blog :D


THE FIFTEENTH CHAPTER


So for our next chapter the topic is about CREATING COLLABORATIVE PARTNERSHIPS.

TEAMS , PARTNERSHIPS AND ALLIANCES

Organizations create and use teams, partnerships and alliances to :
  • Undertake new initiatives
  • Address both minor and major problems
  • Capitalize on significant opportunities

Collaboration systems : supports the work of teams by facilitating the sharing and flow of information




  • Organization form alliances and partnerships with other organizations based on their core competency

Core competency : an organization’s key strength a business function that it does better than any of its competitors
Core competency strategy : organization chooses to focus specifically on its core competency and forms partnerships with other organizations to handle nonstrategic business processes.

Information technology can make a business partnership easier to establish and manage
Information partnership – occurs when two or more organizations cooperate by integrating their IT systems, thereby providing customers with the best of what each can offer.

COLLABORATION SYSTEMS

An  IT based set of tools that supports the work of teams by facilitating the sharing and flow of information.

2 categories of collaboration :

·         Unstructured collaboration (information collaboration) : includes documents exchange, shared whiteboards, discussion forums and email.
·         Structured collaboration ( process collaboration) : involves shared participation in business processes such a workflow in which knowledge is hardcoded as rules.

Collaboration systems include :
  •  Knowledge management systems
  • Content management systems
  • Workflow management systems
  • Groupware systems

KNOWLEDGE MANAGEMENT SYSTMES

Knowledge management (KM) - Involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions
Knowledge management systems – supports the capturing and use of an organization’s “know-how”

EXPLICIT AND TACIT KNOWLEDGE

Explicit knowledge – consists of anything that can be documented, archived, and codified, often with the of IT.
Tacit knowledge – knowledge contained in people’s heads.

Two best practices for transferring or recreating tacit knowledge :

Shadowing – less experienced staff observe more experienced staff to learn how their more experienced counterparts approach their work.
Joint problem solving – a notice and expert work together on a project

KNOWLEDGE MANAGEMENT AND SOCIAL NETWORKING

Social networking analysis (SNA) – a process of mapping a group’s contacts (whether personel or profesional) to identify who knows whom and who works with whom.
SNA provides a clear picture of how employees and divisions works together and can help identify key experts.

CONTENT MANAGEMENT

Provides tools to manage the creation, storage, editing and publication of information in a collaboration environment.

CMS marketplace includes :
·         Document management systems (DMS)
·         Digital asset management systems (DAM)
·         Web content management systems (WCM)

WORKING WIKIS

Wikis – web based tools that make it easy for users to add, remove, and change online content
Business wikis – collaborative web pages that allows users to edit documents, share ideas or monitor the status of a project.

WORKFLOW MANAGEMENT SYSTEMS

Workflow – defines all the steps or business rules, from beginning to end required for a business process
Workflow management system – facilitates the automation and management of business processes and controls the movement of work trough the business process
Messaging -based workflow systems – sends work assignments through an e-mail system
Database-based workflow systems – stores documents in central location and automatically asks the team members to access the document when it is their turn to edit the document.

GROUPWARE SYSTEMS

  • Software that supports team interaction and dynamics including calendaring, scheduling and videoconferencing.

Videoconference – a set of interactive telecommunication technologies that allow two or more locations to interact via two-way video and audio transmissions simultaneously.
Web conferencing – blends audio, video, and documents sharing technologies to create virtual meeting rooms where people “gather” at a password protected web site.
Instant messaging – type of communications service that enables someone to create a kind of private chat room with another individual to communicate in real-time over the internet.

THE FOURTEENTH CHAPTER




Hello you guys ! whatchu' doing ? So today I would like to share with all of you another new topic which is E-BUSINESS. 

E – BUSINESS

The internet is a powerful channel that present new opportunities for an organization to :
·         Touch customers
·         Enrich products and services with information
·         Reduce costs
E – commerce : the buying and selling of goods and services over thw internet.
E – business : the conducting of business on the internet including, not only buying and selling but also serving customers and collaborating with business partners.

E – BUSINESS MODELS

An approach to conducting electronic business on the internet.

Business – to – business (B2B)
  • applies to business buying from and selling to each other over the internet.

Electronic marketplace (e – marketplace) : interactive business communities providing a central market where multiple buyer and sellers can engage in e-business activities

Business – to – customer (B2C)
  • applies to any business that sells its products or services to customers over the internet.

Common B2C e-business models include :

e-shop : a version of a retail store where customers can shop at any hour of the day without leaving their home of office.
e-mail : consists of a number of e-shop, it serves as a gateway through which a visitor can access other e-shops

Business type :
  •  Brick-and-mortar business
  •   Pure play business
  •  Click-and-mortar business


Customer – to – business (C2B)  
  • applies to any customer that sells a product or services to a business over the internet. The example of C2B is priceline.com
  • the demand for C2B e-business will increase over the next few years due to customer’s desire for greater convenience and lower prices.

Customer – to – customer (C2C)
  • applies to sites primarily offering goods and services to assist customers interacting with each other over the internet.

Online auctions
·         Electronic auction (e-auction) : seller and buyers solicit consecutive bids from each other and prices are determined dynamically
·         Forward auction : sellers use as a selling  channel to many buyers and the highest bid wins
·         Reverse auction : buyers use to purchase a product or services, selecting the seller with the lowest bid.

C2C communities include :

·         Communities of interest : people interact with each other on specific topics, such as golfing and stamp collecting.
·         Communities of relations : people come together to share certain life experiences such as cancer patients, senior citizens and car enthusiasts.
·         Communities of fantasy : people participate in imaginary environments, such as fantasy football teams and playing one-on-one with Michael Jordan.

E-BUSINESS BENEFITS

E-Business benefits include :
  • Highly accessible
  • Increased customer loyalty
  • Improved information content
  • Increased convenience
  • Increased global reach
  •  Decreased cost


E-BUSINESS CHALLENGES

E-Business challenges include :
  •  Protecting consumers
  • Leveraging existing systems
  • Increasing liability
  • Providing security
  •  Adhering to taxation rules

·      
MASHUPS

Web mashup : a web site or web application that uses content from more than one source to create a completely new services
Application programming interface (AP) : a set of routines, protocols, and tools for building software applications
Mashup editor : WSYIWIGs (What You See Is What You Get) for mashups.

Saturday, 1 March 2014

THE TWELFTH CHAPTER

 Hellowwww everyone ! we meet again for another new topics :) so for this new topic we learn about INTEGRATING THE ORGANIZATION FROM END TO END - ENTERPRISE RESOURCE PLANNING.

Enterprise resource planning (ERP) : at the heart of all ERP systems is a database, when a user enters or updates information in one module, it is immediately and automatically updated throughout the entire system.

THE EVOLUTION ERP

 ERP (1990)
Materials planning
Order entry
Distribution
General ledger
Accounting
Shop floor control

EXTENDED ERP(2000)
Scheduling
Forecasting
Capacity planning
E – commerce
Warehousing
Logistics

ERP – II (PRESENT)
Project management
Knowledge management
Workflow management
Customer relationship management
Portal capability
Integrated financials


INTERATING SCM, CRM AND ERP

Integrating of SCM, CRM and ERP is the key to success for many companies. Integration allows the unlocking of information to make it available to any user, anywhere, anytime. General audience and purpose of SCM , CRM and ERP :



INTEGRATION TOOLS

Middleware : several different types of software which sit in the middle of and provide connectivity between two or more software applications.
Enterprise application integration (EAI) middleware : packages together commonly used functionality which reduced the time necessary to develop solutions that integrate application from multiple vendors.

ERP systems must integrate various organization processes and be :
Flexible
Modular and open
Comprehensive
Beyond the company

ERP solutions are growing because :
ERP is a logical solution to the mess of incompatible applications that had sprung up in most businesses
ERP addresses the need for global information sharing and reporting
ERP is used to avoid the pain and expense of fixing legacy systems





Sunday, 16 February 2014

THE ELEVENTH CHAPTER

     


         Are you excited about the other topic as much as I am ? haha. On this chapter the tittle is BUILDING A CUSTOMER-CENTRIC ORGANIZATION - CUSTOMER RELATIONSHIP MANAGEMENT . This chapter is more about how the organization want to build a strong relationship with their customer which its a very important to the company or organization to take care their valuable customers.

Customer relation management (CRM)

CRM can enables an organization :
Provide better customer services
Make call centers more efficient
Cross sell products more effectively
Discover new customer

The evaluation of CRM

CRM reporting technology : help the organizations identify their customers across other application
CRM analysis technologies : help organization segment their customers into categories such as best and worst customers
CRM predicting technologies : help organizations make predictions regarding customer behavior such as which customers are at risk of leaving

Using analytical CRM to enhance decision

Operational CRM : supports tradisional transactional processing for day to day front office operations or systems that deal directly with the customers
Analytical CRM : supports back office operations and strategic analysis and includes all systems that do not deal directly with the customer

Customer relationship management success factors

Clearly communicate the CRM strategy
Define information needs and flows
Build an integrated view of the customer
Implement iterations

     Wait patiently for the other chapter okey :) thank you so much for your time .

THE TENTH CHAPTER

       


               Hai guys , so on this 10th chapter the topic is about EXTENDING THE ORGANIZATION - SUPPLY CHAIN MANAGEMENT . This topic is so interesting . Im so excited to tell you more about this chapter !!

 Basic of supply chain

Factor driving Supply Chain Management :

Visibility
the ability to view all areas up and down the supply chain

Consumer behavior 
companies can respond faster and more effectively to consumer demands through supply chain enhance

Competition 
Supply chain planning (SCP) software – uses advanced mathematical algorithms to improve the flow and efficiency of the supply chain
Supply chain executive (SCE) software – automates the different steps and stages of the supply chain

Speed 
3 factors fostering speed :
- Pleasing customer has become something of a corporate obsession. Serving the customer in the best, most efficient , and most effective manner has become critical, and information about issues such as order status, product availability, delivery schedules and invoices has become a necessary part of the total customer services experience.
- Information is crucial to managers’ abilities to reduce inventory and human resource requirements to a competitive level.
- Information flows are essential to strategic planning for and deployment of resources.
Supply chain management success factors

7 principle of supply chain management :

1. Segment customers by service needs, regardless of industry and then tailor services to those particular segments.
2. Customize the logistics network and focus intensively on the services requirements and on the profitability of the preidentified customer segments
3. Listen to signals of market demand and plan accordingly. Planning must span the entire chain to detect signals of changing demand
4. Differentiate product closer to the customer since companies can no longer afford to hold inventory to compensate for poor demand forecasting.
5. Strategically manage resources of supply , by working with key suppliers to reduce overall costs of owning materials and services.
6. Develop a supply chain information technology strategy that supports different levels of decision making and provides a clear view of the flow product, services and information.
7. Adopt performance evaluation measure that apply to every link in the supply chain and measure true profitability at every stage.

SCM industry best practices include :

Make the sale to supplier
Wean employee off traditional business practices
Be future oriented

THE NINTH CHAPTER

      On the 9th chapter we learn about STREAMING BUSINESS OPERATIONS 

Decision making
Reasons for the growth of decision making information systems :
People need to analyze large amounts of information
People must make decisions quickly
People must apply sophisticated analysis techniques ,such as modeling and forecasting, to make good decisions
People must protect the corporate asset of organizational information.

Transaction processing systems

Transaction processing system : the basic business systems that serves the operational level in an organization.
Online transaction processing (OLTP) :The capturing of transaction and event information using technology to
Process the information according to defined business rules
Store the information
Update existing information to reflect the new information
Online analytic processing (OLAP) : the manipulation of information to create business intelligence in support of strategic decision making

Decision support systems

Decision support system (DSS) : models information to support managers and business professionals during the decision making process.
Quantitative models used by DSSs include :
Sensitivity analysis : the study of the impact that charges in one or more parts of the models have on other parts of the models
What –if analysis : checks the impact of a change in an assumption on the proposed solution.
Goal-seeking analysis : finds the inputs necessary to achieve a goal such as a desired level of output
Executive information systems
A specialized DSS that supports senior level executives within the organization
Most ISs offering the following capabilities :
Consolidation – involves the aggregation of information and features simple rolls-ups to complex groupings of interrelated information.
Drill-down – enables users to get details and details of details of information
Slice-and-dice – looks at information from different perspectives.

Digital dashboard – integrates information from multiple components and presents it in a unified display.
Artificial intelligence (AI)
Intelligent system : various commercial application of artificial intelligence.
Artificial intelligence : stimulates human intelligence such as the ability to reason and learn. Its ultimate goal is the ability to build a system that can mimic human intelligence.

4 categories of artificial intelligence :
Expert system – computerized advisory programs that imitate the reasoning processes of experts in solving difficult problems.
Neutral network – attempts to emulate the way the human brain works
Fuzzy logic : a mathematical method of handling imprecise or subjective information
Genetic algorithm : a artificial intelligent system that mimics the evolutionary , survival of the fittest process to generate increasingly better solutions to a problem
Intelligent agent : special purposed knowledge based information system that accomplishes specific tasks on behalf of its users

Data mining

Common form of data mining analysis capabilities include :
Cluster analysis 
 technique used to divide an information set into mutually exclusive groups such that the members of each group are as close together as possible to one another and the different groups are as far apart as possible
Association detection
Reveals the degree to which variables are related and the nature and frequency of these relationship in the information.
Statistical analysis 

Performs such function as information correlations, distributions, calculations and variance analysis.