Strategic Information Systems Management †Myassignmenthelp.Com

Question: Discuss About The Strategic Information Systems Management? Answer: Introduction The foundation of manufacturing business has been temperamental and is very unpredictable because of challenging business environment. As the competition is increasing day by day, it is becoming threat to the survival of business. Hence, the strategic planning become necessary in order to get the result. Management Information Systems (MIS) is the main element that encourage as well as achieve effective leadership process in an association. This paper analyze the degree by which administration data frameworks actualized influence effective vital intending to process of automobile industry. It is necessary for the business in this competitive environment, to implement some necessary elements like management information system for achieving adequacy of the organization. MIS can be defined as the imperative component for designing as well as implementing the strategies. In this paper, I have taken the automobile industry Australian Motor Industries that needs to implement Financial SAP ERP due to the complication in the processes of the industry. (Bogabol, A., O., A. Dr. Musadieq, M., A., 2014). SAP Financial ERP consists of full integrated tools set that are used to automate as well as to manage all the financial and accounting processes of the automobile industry. Its financial activities includes ledgers, inventory management, and receivable as well as payable accounts. It will help to automatically calculate tax like sales tax, value added tax or any additional tax and will manage all the different currencies calculations. This ERP will help to manage all cash flow, will monitor budget and also it will help to calculate revenue as well as expenses in very easy steps. Hence, it will help to create balance sheet in easy processing. This ERP is very much user friendly. It will also help to monitor all the processes of finances whether it is cheque payment, credit card payment or cash payment. (SAP Business One, 2007). Organization Structure of Australian Motor Industries Australian Motor Industry is a pioneer in the Australian car industry as well as it adds to the economy of Australia through direct or indirect business, purchasing, the venture investment as well as to maintain the revenue. The automobile industry has its distribution branch offices that are spread in all territory Australian states. The industry's fundamental mission is to manufacture the top automobile products as well as should be top in its services to the customers, community as well as working environment. The organization has a number of employees who works in its branch offices and the supplier network. In order to advance a developing manageable business, they endeavor to be useful for the earth as well as the society. The main stakeholders they include are suppliers as well as distributors. Their long term relationship with them is the reason for success. The main problem they are focusing is lack of accounting processes. They are required to implement MIS that can help to centralize their accounting data of all the distribution centers. For this I have selected SAP Financial ERP that can help them to centralize all the processes. (Toyota Motor Corporation Australia Limited, 2008). Operational Problems With the absence of ERP, the manufacturer lack the perceivability to the inventory, they mainly face the problems of either less inventory whenever required or delivering excessively stock and in this manner diminishing revenue with the increase in its expenses to distribution center additional materials. If the required stock is not present in the warehouse, it can make the wasteful aspects in the stockroom which helps to moderate its operations and also makes the expenses. (Blanchard, D., 2013). To accomplish consistence with government directions, manufacturers must have the capacity to follow each segment inside their individual items to seclude issues rapidly and with pinpoint accuracy. With the absence of ERP, they precisely track singular receptacles, containers, as well as packages as they course through the assembling procedure and the distribution chain. The capacity to oversee production quality is main point to be considered to car producers. The automobile industry is lacking to track ongoing information on all parts of assembling and supply during manufacturing, and to store the information in documents for reviews or future reference. Their procedure of dealing with all records on papers is moderate. They are also unable to maintain and track their financial and accounting information on papers. They are unable to manage changing tax rates. It is very difficult to keep the track of history like which tool or raw material is used to make a particular type of car. (Plex, 2014). Advantages of Implementing SAP Financial ERP in Automobile Industry Considering the mission of Australian Motor Industry, controllership may enhance its business viability and operational productivity using IT. The execution and the utilization of ERP frameworks describes the adjustment in connection to past advancements, as business forms are related by an automated flow of work and a solitary database. ERP frameworks force their rationale on the procedure, the culture of the industry as well as on the association of the organization; as their plan mirrors various theories that are related to the various processes of the association and they are produced to demonstrate great business processes and generate high revenue. The adjustments in the procedures and in the culture of the association are a part of the intrigue processes in ERP frameworks. (Ebner, G. Buvat, J., 2013). Controllership is an authoritative region in automobile industry. ERP helps managers to improve the decision making process in a very efficient way. Taking care of control demand requires data innovation. Hence we can say that by implementing ERP, the industry may add to and impact Controllership capacities in their processes. The implementation of ERP for the motor industry is appropriate when they are looking for the advantages of integrating and great practices for their data frameworks that also includes various functionalities. It will help to advance data integration over the association, for the most part created progressively, that is of top quality and without any type of irregularities, with regularized systems. ERP frameworks prompt the institutionalization of schedules and procedures and take into consideration the amendment of procedures through great models, tried and working in various automobile organizations. (Lira, A., M., D. Parisi, C., 2012). Industry Challenges for the Implementation Process Implementation of an ERP framework is greatly challenging as it includes redesigning of all the processes, changing observation as individuals approach their work. The good thing will be first the inefficient processes should be known and then they must try to make processes better. (Dr. Conteh, N., Y. Akhtar, M., J., 2015). By implementing ERP frameworks ordinarily prompts incorporation of information, which has the impact of incorporating proprietorship. The implementation of ERP is able to change power in the associations, generally supporting central organization to the detriment of auxiliaries. The inspiration to embrace ERP frameworks was frequently financial as well as accounting based. Producers are additionally persuaded by a want to supplant MRP frameworks, keeping in mind the end goal to support complex operations including various plants, providers and for the situation of multinational operations, managing various currencies. Demand for the advancement of software engineers is low whereas it has higher demand of the user involvement. (Soltanzadeh, J. Khoshsirat, M., 2012). System Flow Chart of Sales Procedure Contingent upon the request, that client demand can be naturally changed over into an objective report such as quote, request, or receipt. An email with some tracking number which is automatically generated can be sent physically or consequently. This tracking number will be helpful for the follow up for a particular customer. This tracking number can be helpful in updating the account status of the customer like last sales made on which date, due payments etc. Client maintenance is a urgent mission for the automobile industry. This SAP ERP frameworks helps in emailing, generates sales requests to follow up. The adequacy of promoting efforts can be measured by the income or gross benefit created for this by connecting each archive like Receipt or Order to the pertinent crusade during creation of invoice. This information can help in reporting. The process of pre-sales helps to follow other sales activities before the order like it helps to generate quote for specific model. It will help to meet unique customer's requirements. The ledger which is generated on monthly basis will help to control financial activities. This ledger details will be linked with accounts receivable, accounts payable, payroll as well as order costing functions that are parts of sub ledgers. (Shukla, S., 2017). Various Control Problems Operational risk can be defined as various loss coming about because of lacking or failed interior procedures, individuals or frameworks, or from outside happening. It incorporates notoriety and distribution office related with a bank's business practices or market direct. It likewise incorporates the danger of neglecting to agree to material laws, directions, Regulatory Administrative Actions or bank's approaches. (Raman, R., 204). The main operating risk in the implementation of ERP is the lack of the contribution from its cross-utilitarian areas. Because of the optional idea of testing, numerous directors reduce the testing to facilitate or meet the "go-live" date. Broad testing guarantees less costs for maintenance during the post "go-live" period. The other risks are related with information change as well as the validating insufficiency of organizing the time and required resources for mapping MIS. In order to manage the change programs, organizations ought to altogether monitor the processes and they must proactively asses the risks. Administrators are required to alter the framework until the point when it pushes back the schedules and it leads to increase in the implementation expenses. Numerous associations do not consider security seriously user access so as to minimize the costs that are identified with the redesigning of process. This will make the pointless isolation of obligations. Hence, security end user access ought to be driven by isolation of obligations and access decides that are endorsed by internal as well as external auditor. (ERM Initiative faculty, 2014). Accounting Software Package Various transactions in SAP Financial ERP automatically locates various journal entries. Eg: a products receipt is automatically generated that creates journal entries for updating inventory and valuation and updates relating cost accounts. Primary accounts can easily be configured utilizing standards, so the correct general record accounts are utilized as a part of every transaction. In month-end closing process, ERP will help to develop financial statements that can help to make better business decisions. It will help to reduce errors. We can easily get the financial information what is required and that will reduce the time. External bank statements can easily be generated which can produce incoming as outgoing payments and to accommodate balance sheet. Furthermore, you can utilize a compromise engine to coordinate the due payments that are not accommodated consequently. Various reports can also be generated using Financial SAP ERP like balance sheet, profit and loss statements, b udget reports etc. (SAP Business One, 2015). Current Market Size German software designer SAP financial ERP is the worldwide leader in ERP (endeavor, planning, and resource) application programming, having market share of 40% in 2015 and yearly incomes surpassing $6 billion SAP has a lead over Microsoft and is the most well-known programming for financial solution inside this group of organization. Among multinationals SAP is the reasonable top choice, as 50% are using SAP. ERP programming sales add to around 31% of SAP's stock cost, and is the most essential driver for the organization. SAP offers ERP programming modules that serve organizations crosswise over different working groups that enables them to oversee and upgrade their assets through its items, incorporating SAP financial ERP. (Trefis Team, 2014). Competitive Advantages The main competitor of SAP ERP is NetSuite ERP. With the managing banking as well as compromise tools that are available in SAP Financial ERP, it gets easy to process all the payments that includes bank transfers, managing cash, check payment or any other bank reconciliation statement. It also helps to support automatically tax calculation and have feature to handle multicurrency transactions. Posting formats and repeating templates additionally streamline as well as improve the accounting process. (SAP Business One, 2016). Conclusions In synopsis, implementation of management information system in fabricating procedures will drive operational perfection by improving data flow and will help to remove waste crosswise over assembling, production supply chain administration as well as the service operations. Assembling associations ought to understand that advanced innovations offer them the better chance to productively interface procedures and individuals, and utilize data viably without availability gaps. They ought to likewise consider lessons learnt from the prior era of innovation organizations furthermore, avoid taking a storehouse based approach towards operational excellence. Rather, the concentrate should be on utilizing digital technology to influence data and drive operational perfection. References Blanchard, D. (2013). Supply Chain Logistics: Top 5 Warehouse Challenges and How to Overcome Them. [Online] Available at: https://www.industryweek.com/warehousing-and-distribution/supply-chain-logistics-top-5-warehouse-challenges-and-how-overcome-them [Accessed 3rd Sep. 2017] Bogabol, A., O., A. Dr. Musadieq, M., A. (2014). The Need for Management Information Systems on Strategic Planning Process in Libyan Health Service Organizations. IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume X, Issue X. Ver. I (Feb. 2014), PP 13-26. [Online] Available at: https://www.iosrjournals.org/iosr-jbm/papers/Vol16-issue8/Version-1/C016811326.pdf [Accessed 3rd Sep. 2017] Dr. Conteh, N., Y. Akhtar, M., J. (2015). Implementation Challenges of an Enterprise System and Its Advantages over Legacy Systems. International Journal on Computer Science and Engineering (IJCSE) Vol. 7 No.11 Nov 2015. [Online] Available at: https://www.enggjournals.com/ijcse/doc/IJCSE15-07-11-001.pdf [Accessed 3rd Sep. 2017] Ebner, G. Buvat, J. (2013). Operational Excellence through Digital in Manufacturing Industries. Capgemini Consulting. [Online] Available at: https://www.capgemini-consulting.com/resource-file-access/resource/pdf/operational_excellence_goes_digital_29_07_final.pdf [Accessed 3rd Sep. 2017] ERP implementation risk: managing sources of project delays and other. ERM Initiative faculty (2014). [Online] Available at: https://erm.ncsu.edu/library/article/erp-implementation-risk-managing-sources-of-project-delays-and-other-r [Accessed 3rd Sep. 2017] Financial Management with SAP Business One. SAP Business One (2015). [Online] Available at: https://sap.qept-qatar.com/Downloads/Accounting-and-Financial%20Management-SAP-B1.pdf [Accessed 3rd Sep. 2017] Financials management with SAP Business One - Manage accounting, cash flow and banking transactions. SAP Business One (2007). [Online] Available at: https://www.softtrust.com/Downloads/SAP-Business-One-Financials-Management.pdf [Accessed 3rd Sep. 2017] Key Trends Impacting ERP Software Revenues For SAP In 2014. Trefis Team (2014). [Online] Available at: https://www.forbes.com/sites/greatspeculations/2014/01/06/key-trends-impacting-erp-software-revenues-for-sap-in-2014/#5b0ffe3d40bc [Accessed 3rd Sep. 2017] Lira, A., M., D. Parisi, C. (2012). Uses of ERP systems and their influence on controllership functions in Brazilian Companies. JISTEM - Journal of Information Systems and Technology Management On-line version ISSN 1807-1775. [Online] Available at: https://www.scielo.br/scielo.php?script=sci_arttextpid=S1807-17752012000200008 [Accessed 3rd Sep. 2017] Manage accounting, cash flow and banking transactions. SAP Business One (2016). [Online] Available at: https://www.vision33.com/media/261886/sap_b1_fact_sheet_financials_management.pdf [Accessed 3rd Sep. 2017] Plex (2014). Must-Have ERP Features For The Automotive Industry. [Online] Available at: https://www.mbtmag.com/article/2014/01/must-have-erp-features-automotive-industry [Accessed 3rd Sep. 2017] Raman, R. (2014). Operations Risk Management: RCSA Management and Analysis. [Online] Available at: https://analyticsindiamag.com/operations-risk-management-rcsa-management-and-analysis/ [Accessed 3rd Sep. 2017] Shukla, S. (2017). Enterprise Resourse Management. [Online] Available at: https://sol.du.ac.in/mod/book/view.php?id=803chapterid=451 [Accessed 3rd Sep. 2017] Soltanzadeh, J. Khoshsirat, M. (2012). Challenges of ERP implementation: ERP as a Technology Transfer Project. 2012 International Conference on Economics, Business Innovation IPEDR vol.38 (2012) (2012) IACSIT Press, Singapore. [Online] Available at: https://www.ipedr.com/vol38/004-ICEBI2012-A00007.pdf [Accessed 3rd Sep. 2017] Toyota - Sustainablity Report. Toyota Motor Corporation Australia Limited (2008). [Online] Available at: https://www.toyota.com.au/toyota/sustainability/cms/download/tmca-sustainability-2008.pdf [Accessed 3rd Sep. 2017] Strategic Information Systems Management – Myassignmenthelp.Com Question: Discuss About The Strategic Management Information Systems? Answer: Introduction A Strategic information system is developed in order to provide a response for the marketable business procedures and ingenuities. Strategic information system helps in delivering competitive benefit to the business enterprises. Due to globalisation and alterations in the customers behaviour, these systems also have significant variances across the globe. It provides a composition of the inclusive articles and readings written by professional experts who are engaged with many strategic information systems. Strategic information systems also termed as SIS are the systems that get engaged or merged with the business technology in order to create a business structure with better plan and objectives for the company. The study will demonstrate the literature review on the compliance of accounting system software in an establishment of Australia. It will create an analysis on the discussion where the accounting software will be examined on the ground of a business enterprise context. A focus will be provided on the utilisation of the accounting software which will be on the reference of the acknowledged Australian University. The study will demonstrate a deep research on the examination of the organisational structure of IGA Supermarket which is currently the most looked after the supermarket in Australia. After that, the study will outline the principal operational issues that IGA Supermarket has to face due to its organisational structure. In addition to this, a discussion will be made on the best likely accounting system and will also recognise the possible control problem. Furthermore, the literature review conducted in the study will also demonstrate the review of the development and adoption of the accounting software packages. The literature review of the study will be undertaken according to the business investigation procedures that will outline the recommendation for the enhancement of the accounting software packages in the Australian companies. Literature Review A Strategic information system is developed in order to provide a response for the commercial business operations and initiatives. Strategic information system helps in delivering competitive advantage to the business enterprises(Ciftci, 2010). Due to globalisation and alterations in the customers behaviour, these systems also have significant variances across the globe. It provides a composition of the inclusive articles and readings written by professional experts who are engaged with many strategic information systems. Strategic information systems also termed as SIS are the systems that get engaged or merged with the business technology in order to create a business structure with better plan and objectives for the company(Ciftci, 2010). In the retail business, there is the utmost importance of information system as it is the most crucial element in the supply chain of the retail companies. It is evident that retail business requires a lot of book keepings and has to look at many other factors such as mail order, e-commerce, etc. The accounting also depends on the type of production or type of business the company is operating(Galliers et al., 2014). In the retail business, there is a continuous requirement of accounting software as it has to enhance the audit continuously. The IGA supermarket which stands for Independent Grocers of Australia is an Australian chain of supermarkets. It is the Australian branch of the International American-based Independent Grocers Association. The stated organisation has more than 5,000 stores around 30 nations and was bought by Davids Holdings in 1988. In Australia, there are over 1400 stores. There is a mixture of both part-time and full-time employees and the company has a distinct headachy approach. The stated firm follows a hierarchy system and each of the staged has its own nature of operations. The head of the hierarchy is responsible for the overall performance of the company. After the head of the hierarchy, there are senior managers who are accountable for the general management and are also responsible for the daily operations of the company. Their responsibilities include the stock control, and to examine the overall cash of the day. After senior managers comes the full-time worker who completes the daily ta sk stated by the supervisors or the managers(Warren, Reeve and Fess, 2005). At last, there are part-time employees who come to work during daytime or during weekends. The hierarchical structure of IGA supermarket is very effective as the above stages are filled with individuals with more experience. In the recent period, IGAs disclosure regarding the huge accounting mistakes was analysed over the agreement with the suppliers that completely shuttered the retail industry in Australia as its executives have not assumed to get an error of this order. In its most recent annual reports, the management of the firm has mentioned that it is facing material risks regarding the reportage of the agilest rebates(Sebastian, 2006). The payments done in cash and the offers given by the company and those disclosures given by the auditors have more than growing importance about the supplier rebates that raise concerns regarding the organisations administrators. IGA Supermarket is among the most reputed supermarket in Australia and for maintaining this position, the stated organisation have adopted many accounting software to help the management to meet the goals and objectives and to emit the previously done mistakes in the accounting with the suppliers. The stated organisation is planning to re duce half of its carbon emissions by implementing and executing EcoSoftware from the computer associates. The IGA Supermarket is looking for the accounting software packages that could do the accounting for its daily business operations and which could be improved in the segment for the supply chain management. According to Keziere 2009, it is crucial to continue the search all over the research procedures mainly in the research and findings that could be generally examined on the grounds of other similar researches(Nikidehaghani and Hui, 2016). There have been successive growth in the field of information technology that has made an effort for acknowledging the reality of Information technology. Australian retailing companies also have to face the same issues as there was no exception to these movements(Lewis, 2014). The development of the accounting software packages took place when the Bespoke accounting software was created. As the accounting of retail business includes a lot of calculations regarding its business operations such as calculations of daily to monthly sales, customer needs, most sold items, items in stock and many other things, there is always a probability of getting an error(Nikidehaghani and Hui, 2016). Due to such high chance of getting the error in the calculations, r etail enterprises took numerous efforts to access the most advanced accounting software. After Bespoke, companies started to use other more advanced accounting software packages like Peachtree and Tally. One of the primary benefits that companies get after purchasing these accounting softwares is that they could start using it after 5-6 days of purchasing. It has been observed and noted by many researchers that many companies faced issues with this software ; mainly those which do not work on isolation. On the other hand, these accounting softwares were trusted by most of the accounting departments as maintain the computerised books of accounts is very trustworthy(Lewis, 2014). There was also a possibility of getting duplicate information regarding the retail business where the financial transactions have been already made. Accounts could be tapped by duplicated invoices as there may be errors in the software of the accounting system. All the issues lead to very difficult tasks of reconciling (Journal of Strategic Information Systems, 2008). There was a total lack of centralised systems and many data errors were also noticed which the main causes of accounting problems was. It is evident that accounts departments have their own views and perception regarding some specific process when it comes to information data among the different departments. There were three successive processes in Information Technology(Froud, Tischer and Williams, 2017). These are enterprise resource planning (ERP), enterprise application Integration (EAI) business process management (BPM). All these developments in the information technology try to assimilate the vital accounting processes into the mainstream software of the companies irrespective of its trade industry. Thus, accounting becomes the most important function of the software installed in a company(Froud, Tischer and Williams, 2017). Many studies recommend using mini ERP that only involves the accounting and finance system if the purchaser is not interested in executing the full version of the systems. Accounting and finance departments are very closely related to each other, and when a retail organisation like IGA S upermarket wants to start the accounting function like the mini ERP software, the management can easily improve the functions of the software like HR and Finance(Mohdzain and Ward, 2007). Many companies due to the stiff presence of competition have realised the importance of accounting software and are making attempt in enhancing the accounting software packages. During the early 80s, there was a great advancement in the ERP tools operating system that provides opportunity for the organisations. For providing abilities to the uniting the logic, there were systems like Oracle and SQL(Morris, 2001). There were possibilities for achieving a centralised database system for the companies like IGA Supermarket that could have implemented the pre-packaged ERPs which was available to use. In the current decade, emergence of BPM has become a very useful tool in eradicating the gaps between the different departments of the organisation. BPM advances the idea of continuous improvement with six sigma approach and the process administration(Gunasekaran and Ngai, 2011). At the starting of its launch, there were some errors in the BPM modelling but it soon was covered by the cross functional and horizontal solutions. For every business enterprise, it is always challenging to get the appropriate accounting software that can handle or manage its daily numerical transactions. It is also very challenging for companies to re-implement any software package against all odds. There will always a concern for having huge costs and rate of success will also be very low. It is better that organisations could have better options than the independent software. As for illustration, the current business enterprises save a lot of time and resources by having a centralised and consistent system that usually dont identify the reconciliations(P., Mahajan and Bulakh, 2017). Helo P., Anussornnitisarn P. Phusavat have stated that Accounting and finance mini ERP system have the most successful and trusted accounting software for the automation of any retail business or any other form of business. Conclusion The study identified that implementing ERP software is the most precise and most trusted software for the retail companies. With the implementation of the ERP software, IGA Supermarkets could improve its productivity, increase its efficiencies, decrees the costs and could also streamline the processes. The study stated that having ERP accounting software installed in the business operations could help the managers in proper planning of the companys resources. Having ERP solution eradicates the repetitive processes and also diminishes the need to manually enter the information. It helps in making the report easier and more customizable. Having improved reporting capabilities can help a firm in responding to more complex data requests more easily. It has been also found in the study that for every business enterprise, it is always challenging to get the appropriate accounting software that can handle or manage its daily numerical transactions. It is also very challenging for companies to re-implement any software package against all odds. There will always a concern for having huge costs and rate of success will also be very low. It is better that organisations could have better options than the independent software. References Ciftci, M. (2010). Accounting Choice and Earnings Quality: The Case of Software Development. European Accounting Review, 19(3), pp.429-459. Froud, J., Tischer, D. and Williams, K. (2017). It is the business model Reframing the problems of UK retail banking. Critical Perspectives on Accounting, 42, pp.1-19. Galliers, R., Leidner, D., Leidner, D. and Galliers, R. (2014).Strategic information management. London: Routledge, Taylor and Francis. Gunasekaran, A. and Ngai, E. (2011). Strategic enterprise information systems for global supply chain competitiveness.The Journal of Strategic Information Systems, 20(3), pp.215-216. Journal of Strategic Information Systems. (2008).The Journal of Strategic Information Systems, 17(4), p.287. Lewis, J. (2014). The Book You Need Before You Buy That Accounting Software. 1st ed. Cork: BookBaby. Mohdzain, M. and Ward, J. (2007). A study of subsidiaries views of information systems strategic planning in multinational organisations.The Journal of Strategic Information Systems, 16(4), pp.324-352. Morris, J. (2001). Software industry accounting. 1st ed. New York: John Wiley. Nikidehaghani, M. and Hui, F. (2016). Accounting and accountability for disability benefits in Australia (1909-1961). Accounting History. P., D., Mahajan, N. and Bulakh, P. (2017). An Analytical Study of Knowledge Management Softwares.International Journal of Computer Applications, 164(5), pp.7-14. Sebastian, S. (2006). Management report. 1st ed. Washington, DC: U.S. Government Accountability Office. Warren, C., Reeve, J. and Fess, P. (2005). Financial managerial accounting. 1st ed. Mason, Ohio: Thomson/South-Western.