1- How do SCM systems improve supply chain visibility? You should include the st
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Question
1- How do SCM systems improve supply chain visibility? You should include the structure and components of a supply chain, the different flows along the supply chain, and problems along the supply chain in your answer. Evaluate how a company like Walmart, known for their SCM systems, is so successful.
2- List and describe the variety of BI applications for analyzing data. What is the goal/purpose of each of these applications? Suppose you are trying to figure out why a particular region isn’t doing as well as other regions; which BI application would you use to evaluate the problem and why?
3- Why has mobile commerce become so popular? L-commerce is one application of mobile commerce that is heavily used by some companies. What is l-commerce? Provide a business example of how l-commerce can be or is used.
4- List the two marketing processes for which social computing is particularly useful. Explain how social media sites can be used in these processes using real-world examples.
5- Auditing has been mentioned throughout the textbook, particularly regarding the federal mandates imposed by Sarbanes-Oxley. How can technology help improve the auditing process?
Explanation / Answer
Answer of question 1)
Supply chain management(SCM):It is nothing but the flow of goods and services.
SCM helps to improve supply chain visibility (SCV) which is the ability of components to be tracked from the manufacturer to their final destination. SCV improve the strengthen the supply chain by making data readily available to all stakeholders, including the customer. SCV promotes quick response to change by allowing privledged users to take action and reshape demand or redirect supply.
There are 5 components of supply chain
1)Plan:It helps to manages the resource in order to achive there customer demands.
2)Source:It helps to make chain of providing the goods or services to there customer.
3)Make:It helps to manufacturing,packaging and testing service delivery.
4)Deliver:Helps to succeful delivery of goods.
5)Return:It helps to provide flexible networj.
Answer of question 3)
Mobile commerce:
Mobile commerce is the process of providing the electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless technology. i.e. mobile commerce is a retail outlet in your customer’s pocket.
It provides various feactures or simply tere are mulriple reasions of why it is more popular
1)Increase in smartphone and mobile internet users because of Affordability of mobile devices.
2)Increase in mobile commerce sales:
According to PayPal,PayPal processed $27 billion worth of mobile transactions in 2013, while Alipay exceeded even that, claiming that it had processed $150 billion worth of mobile transactions over the same period of time.
3) Increase in traditional sales because of mobile commerce:
It is important to make sure that any customers who happen to be browsing through mobile store end up buying from retail store anyway. And the best way to do that is to make sure online store is mobile-friendly.
4) Increase in visitors because of mobile-friendly website
With so many mobile Internet users, the most important reason to have a mobile friendly website is the fact that a mobile-unfriendly website has every chance of driving potential customers away. Whereas a great mobile experience would lead the potential customer to visit the site and maybe even generate sales.
5) It provides a high security:
Mobile are relatively free from viruses and other threats. And even in case of a fraudulent activity, credit tracking by GSM/GPRS/GPS is easy and quick. Thus increasing the credibility, and giving better assurance to the sceptical India population. Also, seldom do people part from their phones, so there are less chances of misuse of login information that may happen on computer systems.
and most important thing of mobile commrece is that it provides freedome to access internet regardless of location.
What is L-Commerce?
l-commerce is one of the application of mobile commerce which provide the location information,such as GPS for buisness purpose.
A simple example of L-commerce would be to allow cellphone users to find the nearest hotels or hospitals to their current location.
1)Location: It shows position of a person or a thing.
2)Navigation: It is help to identify a route from one location to another.
3)Tracking: It help to track the movement of a person or a thing.
4)Mapping: It helps for creating maps of specific geographical locations.
5)Timing: used to determining the precise time at a specific location.
basic example of l-commerce in buisiness is GPS tracking service.also it is used for call routing service.
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