MY SPEECH SUMMARY

Information Technology and Information System

The role of the information technology in modern organization.

COMMUNICATION: for many companies, e-mail is the principal means of communication between employees, suppliers and customers. E-mail provide a simple and inexpensive means to communicate.

INVENTORY MANAGEMENT: Inventory management systems track the quantity of each item a company maintains, triggering and order additional stock when the quantities fall below a pre-determined amount.

DATA MANAGEMENT: become instantly available to everyone in the company, regardless of their geographical location.

MANAGEMENT INFORMATION SYSTEMS: storing data is only a benefit that data can be used effectively.

CUSTOMER RELATIONSHIP MANAGEMENT  Companies are using IT to improve the way the design and manage customer relationship.

Advantage and disadvantage of information technology in a business

ADVANTAGE

•  Storing and Protecting Information
•   Automated processes 
• Work Remotely
• Communication

DISADVENTAGES

• Implementation Expenses
•  Job Elimination
•  Security Breaches