Description
- Transaction processing systems
- Knowledge management systems
- Expert system and artificial intelligence
- Enterprise resource planning systems
- E-commerce systems
- Legacy systems
- Mainframe computers
- Microprocessors
- PCs
- Network computers
- World Wide Web and the Internet
- Wired and wireless broadband technology
- PC software
- Networking software
- Computer security software
Individually complete the table in Appendix C by describing the uses of the IT applications and hardware and listed software components.
Unformatted Attachment Preview
Associate Level Material
Appendix C
IT Applications and Hardware/Software Components
In your own words, describe how the following IT applications and hardware/software
components are used in business.
Transaction Processing
Systems
Knowledge Management
Systems
Expert System and Artificial
Intelligence
Enterprise Resource Planning
Systems
E-Commerce Systems
Legacy systems
Mainframe computers
Microprocessors
PCs
Network computers
World Wide Web and Internet
Wired and wireless broadband
technology
PC software
Networking software
Computer security software
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BUS 211
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This is where the JIT is very important to the overall success of Wal-Mart or any business. UPS has the right idea within their operations as they employ JIT logistics. They believe the closer you get to operating in a true JIT situation, the more responsive you are to your customers – and the less capital you have tied up in raw materials and finished goods inventory. The less you spend to store and carry inventory, the less obsolescence you have to write off, and the better you can optimize your transportation and logistics operations. Ultimately, this all translates into saving your company real money. Just as with all good ideas, there is always the downside and for JIT it is that it is a continuum; the closer you get to it, the more beneficial it is to your business. But go too far and reduce inventories too far, the less beneficial it is for your business. Too much or too little inventory leaves you at a competitive (or cost) disadvantage to your competitors. 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Developing close relationships with its suppliers has been a cornerstone of its approach toward its supply chain, redefining the supply chain concept along the way. Core portions of its focus have been:investment in and use of technology. mechanization and automation automatic replenishment of store inventories triggered at point of sale co-managed inventories with suppliers: data accumulated at point of sale (basically the registers) may trigger production by suppliers and replenishment of product. Efficiency and productivity improvements in the supply chain have been passed along to consumers though lower prices and better service (merchandise availability). For this to be effective, the material requirements planning (MRP) needs accurate forecasting and well-defined product structures in the bills of materials files (BOMs), along with known and reliable supply lead times. 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This is where the JIT is very important to the overall success of Wal-Mart or any business. UPS has the right idea within their operations as they employ JIT logistics. They believe the closer you get to operating in a true JIT situation, the more responsive you are to your customers – and the less capital you have tied up in raw materials and finished goods inventory. The less you spend to store and carry inventory, the less obsolescence you have to write off, and the better you can optimize your transportation and logistics operations. Ultimately, this all translates into saving your company real money. Just as with all good ideas, there is always the downside and for JIT it is that it is a continuum; the closer you get to it, the more beneficial it is to your business. But go too far and reduce inventories too far, the less beneficial it is for your business. Too much or too little inventory leaves you at a competitive (or cost) disadvantage to your competitors. 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When looking at JIT and MRP, as with anything different or new it can be and adjustment. We all know change can be uncomfortable. However, the long-term gain of the collaboration and the demonstrable and measurable improvements in production, productivity, cost savings and even customer satisfaction are well worth the short-term discomfort. Video: https://youtu.be/Hnp-uswyYlg (Just in Time (JIT) Supply ChainReferencesEmmett, Stuart. Excellence in Warehouse Management: How to Minimise Costs and Maximise Value. Hoboken, NJ, USA: Wiley, 2005. ProQuest ebrary. Web. 28 May 2015.Copyright © 2005. Wiley. All rights reserved.Nahmias, Steven, Production and Operations Analysis, 3rd ed., Irwin Publishing (1997). Larson, Chris. "A Just-In-Time Supply Chain." Http://www.ups-scs.com/solutions/white_papers/wp_JIT.pdf. N.p., 2005. Web. 29 May 2015.
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Use the following information to answer the next 11 questions, SELECT ALL ANSWERS THAT APPLY. On May 1, Sam Company sold $ ...
16622440
Use the following information to answer the next 11 questions, SELECT ALL ANSWERS THAT APPLY. On May 1, Sam Company sold $5,000 of inventory to Bob ...
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