Reasons why information systems are so important for business today

Asked by admin @ 01/12/2021 in Business viewed by 393 People

E) List and describe six reasons why information systems are so important for business today.

Answered by admin @ 01/12/2021

Answer:

operational Excellence

New Product, Services & Business models

Customer & Supplier Intimacy

Operational excellence

Improved decision making

Competitive advantage

Survival

Explanation:

1) Operational Excellence – Information systems are essential tools available to managers in order to achieve optimum levels of efficiency and productivity in business operations thereby higher profitability.

2) New product services and business models – They play a vital role in the creation of new products and services. New business models help to create,describe how a company produce, create and sell the products for profitability.

3) Customer and Supplier intimacy – Information system provide the foundation of customer satisfaction. they make sure a business serves its customers well, thereby improving customer satisfaction that will enable customer to purchase more and generate revenue

4) Improved decision making – they generate real time data from the marketplace when making decision

5) Competitive advantage – Information System help in doing things better than competitors, charging less for superior products, and responding to customers and suppliers in real time all add up to higher sales, and higher profits

6) Day to Day survival – Information System help to provide ease in business

Able, baker, and charles are engaged in the marketing to and enrollment of beneficiaries into medicare health plans. mr. able is an independent agent paid directly by a health plan. ms. baker is an independent agent paid through a field marketing organization (fmo). mr. charles is an independent agent paid for his work by a third-party marketing organization (tmo). how do the cms compensation rules apply to these three agents?

Asked by maham237 @ 13/01/2021 in Business viewed by 2735 persons

Reasons why information systems are so important for business today

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