Answer To: Page 1 of 2 11 Assessment Type Case Study Report Assessment Number Assessment Weighting 3 Group 30%...
Parul answered on Sep 20 2021
Complete analysis of mis in wal-mart
Complete analysis of mis in wal-mart
Report
Contents
Executive Summary 1
Introduction 2
Essence of Management Information System in Wal-Mart 4
Management Information System in Wal-Mart 6
MIS 1 – Client Relationship and Engagement Management 6
MIS 2 – Supply Chain Management Information System 7
Enhancing the SCM in Wal-Mart by RFID 10
Strength and Weakness of MIS in Wal-Mart 11
Challenges and Limitations of MIS in Wal-Mart 12
Recommendations 13
Conclusion 14
References 16
Executive Summary
We live in fast-paced dynamic world, where technology and its advancement is penetrated to the deepest level. Markets have evolved and so has the customers. In present time, customers don’t want to wait in line for an of their product and services. Moreover, business have expanded and scaled to a global level. Therefore, they require a strong system for information system that is reliable, scalable, secure and consistent all across the world. Management Information System widely referred to as MIS is a computer application and set of system comprising of hardware and software that forms the backbone of any company and its operations. Technology and innovation have become a significant part of any business over the most recent couple of decades, to the degree that the utilization of data advancements has become imperative for survival and growth. Moreover, expanded rivalry in the market has prompted a speeding up of the advancement of new procedures identified with data frameworks (Greenspan, R., 2019). Many schools of thoughts profess the fact that whoever controls the data framework controls the market. Accordingly, data frameworks and data innovation are the key factor in expanding one's penetration and reach in the market.
Management of operations in an organization deals with business processes and practices strongly focused to ensure highest efficiency and improving profitability. Therefore, it is imperative for the organisation to have a strong and well implemented management information system. By the virtue of this report, we have selected one of the most successful retail chains in America, that also holds world's largest public corporation by revenue. Our report discusses the Management Information System in Walmart. Furthermore, in the report it also discusses the strength and weakness of the MIS used and what can the organisation do to improve on their weaker areas while maintaining the strength as core competencies (Lu, C. 2018).
Introduction
Established in 1962, Walmart is known all across the world for its best offers and best prices at right time and place to its customers. It is headquartered in Arkansas, USA by Sam Walton. Over the period of 58 years from its existence, it has become world's largest retailer, biggest sellers of toy as well retailers of groceries (Lu, C. 2018). s
The very essence on which this organisation forms its basis is on its motto, Continuously low costs. As popularly known, Wal-Mart accepts that low estimating procedures can ensure about their intensity in the market. In light of this plan of action, Wal-Mart from the get-go invested in strong MIS, data storage, data analytics and data advances to their business cycle and on-going operations. Likewise, Wal-Mart embraced data administrations to the entirety of their significant business territories, for instance, strong customer management system, relationship database for the sales executives, stock administration and flexibility is supply chain management (Bruce, M., Daly, L. and Towers, N., 2004). MIS is strongly embedded in the operations and business cycle of Wal-Mart that is able to grasp data from various online platforms, analyses the information and reports the insights extracted out of data. This enables the management to take informed decisions in much lesser time thereby making the entire business function efficient as well as effective. Essentially these data frameworks are intended to connect with one another so as to expand the productivity of between departmental relations. In order to provide the complete audit and comprehension of data frameworks, this report investigates why data frameworks are significant and why Wal-Mart as an organisation rely on them for their different business operations. Also, this report will provide with the thorough analysis of the structure of Wal-Mart's MIS and data framework.
Essence of Management Information System in Wal-Mart
Before we delve deeper in the MIS and data framework of Wal-Mart, it is critical to characterize why the organisation builds up a data framework as a feature of their business, operation and process methodology. With reference to insights explained in the case “” management information system framework is a lot of interrelated components that aggregately cooperate to accomplish the underlying objective and is aligned with the mission of the organisation. Technically, data methodology is one of the business techniques in a firm and is firmly identified with different systems (Chang, SI; Guy Gable; Errol Smythe; Greg Timbrell, 2000). Wal-Mart as an organisation have three significant procedures; Business methodology, Information technique and Data Administrative system, and these are totally connected together. Hence, the effective interlinking of every procedure is critical for any organisation in order to seamlessly perform their business functions.
So as to properly deal with a business viably, an information structure is essential as it can upgrade activities, dynamic, improve stock administration, customer commitment and lessens expenses significantly. This the hidden motivation behind why various associations have changed their strategy from traditional systems to an on the web/online model. Joint effort with solid IT group so as to deal with the information stockrooms and unequivocally actualize the MIS is urgent. That is because IT makes the route toward get-together and analysing of information from customers possible. Subsequently, when all the frameworks are working honourably, affiliations can have a market power (Croom, S., 2001). Emphasize that progressive key establishment and cycles reflect definitive wants and necessities and it need the enough capacity of information system.
Wal-Mart is the world's greatest retailer with 8,986 stores on the planet. Its complete income is around multiple times higher than its closest rival. That reality mirrors its wide business reach yet in addition implies that it needs to control numerous shops as well as outlets, stockrooms, warehouses as well as service providers. Wal-Mart strategic business mission is to provide products at least price yet to furnish best quality items with the most minimal expenses to its clients (Handfield, R.B. and Nichols, E.L., 2002). From its motto, organisation tends to be perceived that the need of its business is the client. Notwithstanding, the ease isn't the main explanation of their effective business. Their procedure, which depends on data frameworks, is additionally one of the motivations behind why it keeps up the situation of the biggest retailer brand on the planet. Wal-Mart’s MIS is essentially the brain behind its success, since it provides the required information to the employees that particular customer always purchases a particular product or few products are...