Operations section has articles elaborating on concepts like supply chain management, distribution, industrial processes and logistics. The IT section has articles containing the effective use of new technology in the field of management.
Impact of Information Technology in Managing Supply Chain
23 November 2016
Supply Chain management is undergoing a fundamental, rapid transformation forced by host of factors. Globalization has often brought goods and services to our country at a lower price with a very high quality than indigenous one. Multinational companies have perfected the art and science of combining globalization and localization to give ‘Glocalization’ i.e. global products and services customized to meet the needs of locales. Current economic fluctuation has made customer highly cost sensitive. Thus yesterday’s competitors are cooperating today to serve the needs of customer.
Application of Digital India to Boost Agricultural Sector
01 November 2016
Agriculture sector forms an important part of Indian Economy. The share of agriculture in national income of India is about 17.9 percent which is very high compared to the other developed countries such as in USA 3% share and in Canada 4% share is contributed by agriculture sector towards national income. India is the world’s largest producer of pulses and spices and second largest producer of wheat, rice, cotton etc. In such a scenario, it becomes imperative that the agriculture sector in India should be updated continuously through wise use of technology and innovation.
Operations Perspective of Consumer Behaviour
20 September 2016
Every business exists for its customer. It is the customers who represent the raison d’etre for any business. Without the customer no business can exist, for he is the one who buys a company’s products and services, which brings revenue and a profit to the organization, maintains the growth and retain a steady cash-flow. The most important asset for any organization is its customers. A company’s success depends upon its customer base, their buying preference and frequency of their purchase.
Cloud Computing- Origin, Advantages & Limitations
10 September 2016
Cloud computing is undoubtedly the new buzzword in the information technology paradigm. Technically speaking, cloud technology refers to a system of networked computers, servers, and data storage that allow information to be accessed via the Internet from anywhere at any time. Forrester defines cloud computing as: “A pool of abstracted, highly scalable, and managed computer infrastructure capable of hosting end-customer applications and billed by consumption.” This evolution in the computation world delivers to most basic of the problems that was the sharing and sustainable use of data and by data I mean everything in the paradigm of computing resources, from applications to services, from images to movies, from small softwares to fully-developed databases, from service to all kinds of information. Gone are the times when people used to build interfaces just to use or provide their pooled data or services to end-user or even themselves, the complications that came with building an interface were dependability and security of that specific interface additionally the high cost and support.
Big Data Shaping the Way Business is Done
01 September 2016
Can u imagine the amount of data generated all over the world while you were reading this sentence?
With every second that passes huge tonnes of data is being generated. Today the units of measuring this data include petabytes and exabytes. This data has to be maintained, managed, analyzed and stored. How to do to all this in least time? These unstoppable huge data sets are called Big Data. These are big pools of data which are scrutinized to find patterns and then make beneficial decisions. The leaders in every sector will anyhow deal with these databases to not only exist but also to excel. Using big data will have a huge impact on sustainability since it will be responsible for growth of various enterprises, will enhance efficiency and add to world economy. The organizations using big data are smart and are 36% more efficient in defeating their competitors in revenue and operations, according to a study.
As defined by American Production and Inventory Control Society (2001), Enterprise resource planning (ERP) system “is a method for the effective planning and controlling of all the resource needed to take, make, ship and account for customer orders in a manufacturing, distribution or service company.”
ERP Signifies “One database, one application and a unified interface across the entire enterprise.”