Role of IT in Business Management Essay Example | Topics and Well Written Essays - 500 words

Role of IT in Business Management - Essay Example These are namely: (Angell, 1991) Information technology has helped organizations in managing their resources efficiently and to produce the maximum throughput. Information technology has become an integral part of any organization small or big. This is due to the fact that any organization will have to make critical decisions when it comes to marketing. Information technology when implemented in the following areas of business plays a big role in improving the organization's market hold: Supply Chain Management: Any organization has to take important decisions regarding their products as to what to supply, how much to supply, how to supply and where to supply. Supply chain management can be divided into three main flows: Product Flow, Information Flow and Finance Flow. All this information is stored in databases and data warehouses. This information retrieved and fed to SCM application programs to be analyzed. SCM software has algorithms to determine the best way to fill an order and to track the product status, etc. E-Commerce: Many people nowadays prefer buying products over the internet rather than buying from a retail outlet. Organizations can use internet to sell their products which reduces the paper as well as the manual work to a large extent.