Assignment 11
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School
Western Kentucky University *
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Course
301
Subject
Information Systems
Date
Dec 6, 2023
Type
docx
Pages
2
Uploaded by peytonnrobinson
Discussion
Opening Case – Spinning the Wheels of Bicycle Inventory
1.
How did information management help Trek navigate the global bicycle-part supply
shortage caused by the COVID-19 pandemic?
Information management help Trek navigates the global bicycle part supply shortage caused by
the pandemic because nationwide sales of bicycle, equipment and repair services increased
dramatically and that month sales overall had increased in multiple sectors of bikes. Trek
executives monitored daily global sales so that they could predict the future of sales more
efficiently as well as increase the orders of bikes so that Trek was never out of stock because
Trek would keep 60 days of sock on hand rather than minimizing levels with goals of JIT
inventory.
2.
It took both policy (60-days inventory) and procedure (information management) for
Trek to survive. Discuss the ways these two work together to support effective
business operations.
These two policies of 60 days inventory plus the information management helped Trek to
survive because Trek was able to monitor its daily sales and monitor how much inventory Trek
was going through at the end of the 60 days as well as examine their suppliers’ capabilities by
doubling orders by analyzing the firms supply chain. Trek information management was able to
continue increase sales because realized the impact that COVID-19 was causing and how other
bicycle industries were reacting, and they decided to react immediately and more efficiently
than their competitors.
Unlike some of their competitors who decide to decrease supplies, Trek
decided to increase based off all the data they were collecting each day globally.
Small Fintech Banks Know the Show Must Go On
1.
How has the growth in the high-speed, wireless, smartphone market impacted
Fintech companies? In particular, how will the growth in 5G wireless communications
impact Fintech companies?
The growth in the high speed, wireless, smartphone market impacted Fintech companies in
aspects of being able to compete with the marketplace in other aspects besides technology. The
growth of 5g wireless communication will impact Fintech company allowing for them to help
small business even more in aspects that bigger banks would not help them since they are not a
large business. The opportunities offered by Fintech will just improve and expand the
opportunities that Fintech will be able to offer small businesses meaning they will be able to
compete with large banks even more than they are now.
2.
In what ways does Fintech allow startups to compete with long-established banks?
Fintech allows startups to compete with long established banks because the industry alone is
composed of companies that use technology to compete in the marketplace with traditional
financial institutions and intermediaries in the delivery of financial services such as banking,
insurance real estate and investing. For example, Dominick a small business owner in the article
applied for PPP funds through Capital One which is one of the biggest and long-established
banks who rejected his application. Dominick was than invited by Bench to apply for PPP fund
through there company that is incorporated with Fintech and was approved for PPP fund which
Bench has served more than 500 businesses and help them obtain over $50 million in funding.
Bench than connect him with Fundera a lending specialist with Cross Riverbank and helped him
fill out their PPP funds via the bank and two days later the funds were available in his account.
Fintech services such as lending, banking has allowed their small business to easily compete
with larger companies that can easily get approved for PPP funds.
Closing Case – Western Digital Acquires Companies and Merges Systems
1.
Why do you think so many ERP implementations fail? Why is it so difficult to
integrate multiple ERPs?
It is so difficult to integrate multiple ERPs because all three companies managed differently and
all three lacked mature data standards across systems and functional areas, resulting in
significant data quality and interoperability issues meaning it would require more work to
integrate the systems together. So, many ERP implementations fail because of the on-premises
ERP system where most ERP systems were becoming available on cloud services. Overall, since
the ERP system was unorganized and all over the place it was harder for all information
regarding the business to be easily transferred or organized into one system.
2.
What do you see as the major advantages for WD of moving all three companies to a
single platform?
WD moving all three companies into one single platform would allow them to organize the
information correctly into a cloud base system as well as create consistency in several
operations across the following, cost center management, information technology, HR
management, payroll processing, streamlined systems for forecasting business analytics and
forecasts, workforce planning, comprehensive dashboards and automated reporting and
improved customer relationship analysis. Having all the information on one platform in the
cloud-based ERP would benefit for easy upgrades and easy information transfer if needed.
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