BSHIM
SYSTEMS DEVELOPMENT AND DECISION MAKING PPP3-6.pptx

4 bargaining power of suppliers example of a

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4. Bargaining power of suppliers Example of a bargaining power of suppliers would be the oil industry. Gas prices fluctuate based on the price of oil and oil supplies, and has almost total control. There are a lot of competition to find an alternative to this. Companies that can find an alternative would certainly have the competitive advantage in the marketplace. 5. Intensity of competitive rivalry The threat is high when there are competitor. If the threat is proprietary, then the threat is low.
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Network economics: The cost of adding another business participant to a business venture is small, and the potential gain is great. A virtual company model: Networks of people and resources join together to provide a service or create a product without the traditional storefront boundaries. Business ecosystems: A network of businesses, such as suppliers and distributors, are involved in providing delivery of a service or product through cooperation. Two types of business strategies include product differentiation and growth. Product strategy can include offering a higher quality product or service. This product strategy is built on a business identifying a core competency and basing their business strategy around that core competency. Core competency - is when a business is a marketplace leader; a product that is not easy to imitate creates competitive advantage. Synergy – combined efforts(includes acquisitions). Collaboration between 2 or more or entities that would be impossible for each business to work independently. Synergy brings forth better products for lower costs and higher profits.
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Enterprise System Benefits Enterprise resource planning(ERP) systems ERP is a software that allows entities to integrate various internal processes allowing standardization of business procedures to various technology therefore, breaking down the walls that allows information to flow between internal business functions. Customer relationship management (CRM) systems CRM is a technology used to manage customer information allowing companies to interact/target customers or potential customer as a marketing strategy Supply chain management system(SCM) SCM allows businesses to build partnership to manage and improve business strategies, that allows the flow of goods and services, plan daily operations, improve sale forecasts, predict transportation requirements. Helps business lower cost by reducing waste, overhead cost, and shipping delays. Benefits of lowering these cost can help improve product quality and turn around times. Knowledge management system(KMS) KMS is a system that allows sharing of knowledge from subject matter experts that focuses on methods of capturing, refining, developing, and storing knowledge to create company policies, project documentation, how a particular task is completed, and lessons learned from a project etc. KMS improves company morale, employee performance, and retention.
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DATA RESOURCE MANAGEMENT UNIT 4 MODULE 4: DATABASES, DATA WAREHOUSE, AND DATA MINING
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Fundamental Database Terminology Information management – is a subset of Data Management and is comprised of accurate, relevant valuable, organizational resource.
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