Impact of E-Technologies on Supply Chain Management
Discuss about the E Business Fundamentals and Systems.
In the current business scenario, there are various developments being witnessed. Evolution of the e-technologies is one of the leading changes being witnessed by the modern day business organizations. This is due to the reason that initiation of the e-technologies changed the entire existing scenario of the business environment. There are various long term impacts on the modern day business being identified due to the initiation of the e-technologies. However, along with the advantages that are being gained from the origination of the e-technologies, there are some challenges also being emerged. One of the major issues emerged is the privacy issues of the users of the technology. In accordance to this issue, suppliers of the e-technologies for the businesses are initiating different strategies to overcome them.
This report will discuss about the impact of e-technologies on the contemporary business organizations. In addition, the process of how e-technologies changed approach of the current business environment will also be evaluated in this paper. This paper will also discuss about the strategies and initiatives being taken by the suppliers of the e-technologies in overcoming the originated issues.
There are various diversified impacts being identified with the initiation of the e-technologies on the modern day business operations. The following sections will discuss about the impact of the e-technologies in terms of different sectors.
Business organizations rely on the supply chain in order to have their raw materials in place and to have the seamless flow of the raw materials. On the other hand, logistic and supply chain management also helps the business organizations to deliver and distribute their products to the right customers, in right time and in right place. With the initiation of the e-technologies, supply chain management of the contemporary business organizations is becoming more effective. This is due to the reason that, in the earlier time, all the activities in the logistic and supply chain management are being done manually, which were having more probability of error. While, on the other hand, initiation of the e-technologies helped to introduce the concept of Enterprise Business Planning software (ERP). Initiation of the ERP system in the logistic and supply chain management helped in having the all the activities being done through online medium. The entire activities can be tracked in real time.
With the help of the initiation of ERP in the supply chain process, the flow between the inbound and outbound logistics of the supply chain will be interconnected and seamless. In addition, with the initiation of the e-technologies in the logistics, cost of transaction and other associated cost will also be less. This is due to the reason that in the case of the e-technologies, involvement of the intermediaries will be lower and a huge cost can be saved. Thus, the entire process of supply chain management will be more effective and efficient with the initiation of the e-technologies. Business organizations will be able to keep the track their backward processes effectively with the help of the e-technologies.
Impact of E-Technologies on Human Resource Management
Human resource management is one of the major operational areas for the contemporary business organizations. This is due to the reason with the help of the human resource management; business organizations can gain competitive advantages. However, in the case of the contemporary business organizations, it is difficult to manage their huge number of employees in their global operation manually. Initiation of the e-technologies helped the contemporary business organizations to track all their employees in real time. In addition, it also helps the employees to keep in touch with their superiors through different e-technologies. For instance, in majority of the contemporary business organizations, all the internal stakeholders are having a universal online portal to stay connected with each other. Through these portals employees can share their issues and opinions to the upper level management and the managers can determine the need and requirement of their employees. Hence, with the initiation of the e-technologies, the communication process between the lower level and upper level stakeholders will be more effective.
In the case of the payroll and compensation management of the employees, e-technologies also play an important role in enhancing the effectiveness of the entire process. This is due to the reason that in the current business scenario, the payroll system of the employees is being managed through different software such as QuickBooks and Microsoft Dynamics GP. This software helps the business organizations to have the accurate and exact track of the elements in the payroll management of the employees. Another major change occurred with the initiation of the e-technologies in the human resource management is the performance appraisal of the employees. Prior to the emergence of the e-technologies, performance appraisal of the employees were less effective due to the reason that employees data cannot get saved for longer period of time. However, with the initiation of the e-technologies, online databases are being maintained. These databases are having all the details and records of the employees from their first day in the workplace. Thus, initiation of the e-technologies changed the existing process of performance appraisal and it become more effective accurate in the present time. Therefore, it can be concluded that in the current business scenario, initiation of the e-technologies helped the business organizations to have a singular approach of the human resource management in place. Databases are being effectively maintained and can be retrieved at any point of time.
Customer service is another sector, which is drastically changed with the initiation of the e-technologies. This is due to the reason that, prior to the emergence of the e-technologies; customer service is being done mainly through manual process. For instance, in order to have some sorts of issues, customers had to visit the particular organization in physical or they can call up with the problems. However, in majority of these cases, the approach was one way due to the reason that it is not assured that customers will be get redressed in minimal time. On the other hand, in the recent time, with the initiation of the e-technologies, online mediums are also emerged in managing the customers. Customer relationship management software is being used in managing the customers as well as determining their need and requirement.
Impact of E-Technologies on Customer Service
Initiation of the e-technologies in providing customer service sector helped both the customers and the business organizations to stay connected at any point of time. Online portal is being initiated by the business organizations where customers and the executives stay connected and initiates two ways communication. Another step developed in the customer services with the initiation of the e-technologies is the social media. With the help of the social media, customers can stay connected with the service providers and can communicate their issues with having instant impact. Thus, in the case of the customer care service, initiation of the e-technologies has changed the one way communication approach to the two ways communication system. It helped in increasing the level of engagement of the customers in the organizational processes.
In the current time, initiation and gaining of popularity of e-technologies in the businesses have also given birth to number of risks and challenges. Some of the major challenges are privacy issues with the users and infusion of virus and malwares in the system. However, in relation to these threats and risks, there are some strategies being initiated by the suppliers or manufacturers of the e-technologies in order to overcome them.
In order to overcome the threat of data theft from the online mediums of the business organizations, suppliers of the e-technologies initiate various protection systems such as firewall system. Initiation of the firewall system helps the suppliers to have a full proof system against data theft. In the current business scenario, new age e-technologies are quite immune against the data thefts with having highly effective firewalls in place. In the current time, it is hugely difficult to break the immune system of the e-technologies. On the other hand, firewall system offered by the suppliers is also immune against the viruses and malware. These firewalls also act as anti-viruses.
Another major concern or threat in the e-technologies in the businesses is the breach of privacy. In the recent time, there are various instances where the business organizations have faced the issue of beach of privacy. This caused leakage of their confidential data and information. In addition, the customer data system of the business organizations is also having confidential information about their customers. Leakage of this data of the customers will have huge impact on the brand impression of the organization and on the privacy of the customers. In this case, suppliers of the e-technologies concentrate more on having effective and efficient Business Data Management (BDM). This enables the business organizations that are using the e-technologies to have better access to the management of the data.
Challenges of E-technologies and Strategies to Overcome Them
Thus, the more will be the access to the data for the business organizations, the less will be the chance of breach of confidential data. Under the entire process of the Business Data Management, data and information are being classified under different categories ranging from high risk to low risk. Data classified under high risk is being secured with added level of security. This helps in having more security with the data privacy of the contemporary business organizations.
Thus it can be concluded that initiation of the e-technologies is having multiple benefits for the business organizations. This essay discussed about various benefits for the business organizations. Some of the major benefits gained by the business organizations from the initiation of the e-technologies are the effectiveness and efficiency in the human resource management, business process management, customer services, logistics and supply chain management. It is concluded also being concluded that the initiation of the e-technologies has changed the entire existing scenario of the business processes. However, on the other hand, there are some threats and risks also being identified in this essay, which are being faced by the business organizations from using e-technologies. This essay discussed some of the major critical issues of the e-technologies and the steps taken by the suppliers in overcoming them. This essay concludes that the steps taken by the supplies of the e-technologies in the current time to immune the system from any types of potential risks or threats are effective enough to prevent the mishaps. However, with the rapid advancement of the technologies, more new types of threats are emerging, which will pose new challenge for the e-technologies suppliers. Thus, it is important for them to develop their immune system in relation to the emerging threats.
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