This week we focus on social and business uses for IT. Discuss how companies can

Question

This week we focus on social and business uses for IT.

Discuss how companies can utilize social media collaboration tools to become more competitive.

Discuss the benefits of a B2B exchange to sellers and buyers.

Discuss the value of a company using lean manufacturing.

This week we focus on social and business uses for IT.

Discuss how companies can utilize social media collaboration tools to become more competitive.

Discuss the benefits of a B2B exchange to sellers and buyers.

Discuss the value of a company using lean manufacturing.

Explanation / Answer

1. Social media collaboration tools :-

There are some ways a company may become more competitive by using social media collaboration tools. Some of the tools are :-

2. Benefits of a B2B exchange :-

3. Lean manufacturing :-

Lean manufacturing is the process of minimizing waste from the production and manufacturing process without even affecting the productivity. Some companies using lean manufacturing in their manufacturing process are Toyota, Nike etc.

Value of a company :-

Nike uses the lean production process so that they can minimize the wastage of resources as well as keeping the quality of products at a higher level. By lean manufacturing the percentage of labour practices became reduce. In Nike, the value of the labor practices became more than that of previous labor practices. Due to this employees gets more value in the company and the company also gets more and more value as a whole. Thus it can be said that more no. of companies are adopting this process for their future.

Hope this helps :)

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