100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
M1 - Examine why an organisation needs to keep pace with IT developments for Unit 4 - Impact of the Use of IT on Business Systems $4.63   Add to cart

Other

M1 - Examine why an organisation needs to keep pace with IT developments for Unit 4 - Impact of the Use of IT on Business Systems

 243 views  0 purchase
  • Course
  • Institution
  • Book

This report examines why an organisation needs to keep pace with IT developments.

Preview 1 out of 2  pages

  • May 18, 2021
  • 2
  • 2020/2021
  • Other
  • Unknown
avatar-seller
George Mizen BTEC ICT Level 3 Unit 4


M1 – EXPLAIN WHY AN ORGANISATION NEEDS
TO KEEP PACE WITH IT DEVELOPMENTS:
Organisations need to have a strategy for dealing with the challenges brought about
by IT developments. They will need to consider the cost, speed and quality of the
product/services provided. Continuing from the previous report, now that the owner
of Full of Beans has agreed that their system needs upgrading, they’ll need to
measure the impact that this decision will have upon the company as a whole. One
of these impacts is listing what benefits Full of Beans will receive by upgrading.

PRODUCTIVITY GAINS:
By upgrading, you will see the increased productivity gained by using advanced
machinery (computers) for automated processes (repetitive tasks that need to be
performed). One benefit of using advanced machinery is the fact that it can be
operational 24/7 (so long as it doesn’t break down). One detriment is that regular
maintenance will need to be performed in order to ensure that the equipment doesn’t
break down. It will also need to be updated with the latest tech which costs money.

COST REDUCTION:
By upgrading, you will see a reduction in costs due to the technological
advancements that Full of Beans will adopt. For example, using machinery for
automated services (as discussed above) costs less to run then it is to pay your staff.
Organisations that operate the majority of the business online benefit from cost
reductions as they do not need to pay any additional expenses that physical brick-
and-mortar shops would need to pay such as renting high street premises etc.

INCREASED PROFITABILITY:
By upgrading, you will see an increase in overall company profits as developments in
the manufacturing industry mean that the majority of products are now made by
machines rather than human workers. Although unemployment will unfortunately
rise, general productivity will dramatically increase as will the consistency of well-
made products. This will lead to higher sales and a rise in profit as a result.

EFFICIENCY:
By upgrading, you will see your organisation become more efficient as new
technologies are introduced. For example, an e-commerce website is simply
companies using the Internet as another way (alongside brick-and-mortar) to sell
their products/services to their customers, who can choose their preferred method of
shopping. Additionally, installing an EDI (Electronic Data Interchange) system can
make your business run more efficiently as they can automatically update stock etc.




1

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TechLad. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.63. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.63
  • (0)
  Add to cart