Valuation: Measuring and Managing the Value of Companies Essay

ford Company institution The modern pedigree world has changed and organizations have embraced b are-assed technologies for them to achieve effectiveness, efficiency and competitiveness. One of the most central technology for chore prosperity is entropy engine room commonly known as IT. teach is an important and integral part of any organization that determines whether a pissed will make sound decisions or not. ford Company is angiotensin-converting enzyme of the well-known worldwide companies that has embraced learning technology in its employment processes and this has play a majorin earning a competitive edge. crosswalk IT and Business Processes The company runs public toilet stores, supermarkets, cash and carry supplies, hyper-cash store and hypermarkets. crosswalk as well engages in non- intellectual nourishment and food e-commerce websites and it functions as multi-location, multi-channel, and multi-location trader with its initial origin in Europe. Its products range from electronics, leisure, decorative products, clothing items and non- food products(Koller, 2011). Carrefour contacts a large amount of its melody on an online platform using its portals, ooshop.fr and Carrefour.fr. This c tout ensembles for a good understanding of Information Technology for the firm to succeed and earn competitive advantage in the industry. Carrefour Company integrates Information Technology in its various line of business processes. Some of the ways are in communication, inventory management, info management, management reading systems, security, business culture, research capacity and customer coitusship management. creation a multi-factor company, Carrefour requires a well-structured communication channel to en competent minutes and business communication to happen smoothly. The company has adapted new information technology by setting up a wide garland of communication platforms to reach the maximum number of customers and p otential customers glob exclusivelyy. Examples of the platforms used accommodate the official companys website, email support systems for both clients and employees, telephony directories and social network accounts. Inventory management at Carrefour has as well as boosted their performance due to advanced information technology. The inventory systems gather all the information of each items stored and keep track of the quality and quantities. This modifys the company to sully on inventory costs such as carrying costs and to a fault minimize wastages especially for the food products with low shelf life. Information technology has also improved data management practices at the company. Employees do not to keep large file of documents, they save everything through data systems. The systems are also able to record information which is important for business decisions and this modify systems also reduce malpractices among the employees. Customers are the most impor tant stakeholders to any business organization and, therefore, the need to importanttain a good relationship with them. Carrefour has achieved this aspect through customer management systems (CRM) which enhances communication with the clients. The company is able to respond immediately to customers concerns and the information is stored for future reference if the same client makes another call. This improves customer experience and increased customer loyalty to Carrefour products.Technologies Used at Carrefour Company Carrefour Company in the first place employs four technologies to manage its information. These systems are Transaction Process Systems (TPS), Management Information Systems (MIS), Enterprise Information Systems, and Decision Support Systems (DSS). Transaction Process Systems monitors and records all the transactions in the organization. The system mainly is responsible for recovery of data during system failures, stabilize the data, and it also integrates and connects other systems. MIS on the hand, does systematic study and analysis of available data to enhance decision-making. Carrefour joint forces with a company called PeopleSoft which is in charge of their global operations by religious offering platforms such as Customer Relations Management(Farrel, 2013). Management Information Systems enable the company to heighten their operations by frequently updating processes, procedures, and stored data. DSS is a unique technology that promotes sound decision-making processes at different levels of the companys hierarchy. Its main advantage is the ability to break down large quite a little of data and evaluate them for decision-making. The system retrieves the ideal information from the stored volumes of data and it groundwork work both as an online or a batch process. EIS is important information tool mainly for the management of Carrefour Company. It makes summaries of the transactions and turns tippy data into informat ion which is applied internally. The management team at Carrefour use EIS to get summarized information from complex graphs and in the process travel rapidly up decision-making process(Koller, 2011).Companys Success with IT adaption 90% of the companys success is attributed to its use and early adoption of Information Technology into its business activities. The technology has improved customer relations, business process, employee relations, and product development. These are the main activities of any organization and therefore making Information Technology a major player to the success Carrefour Company is enjoying today. Information Technology has helped Carrefour to minimize most of the cost associated with conducting business. It has enabled the organization reduce on the space required to store information through the use of computers. It has also enhance inventory management and reduced wastages and carrying costs(Koller, 2011). Due to customer relation systems, t he company is able to make more tailor products and services check to the clients tastes and preferences. This has led more product differentiation.ReferencesFarrel, J. (2013). The Economics of Information Technology An Introduction (Raffaele Mattioli Lectures). Cambridge Cambridge University Press.Koller, T. (2011). Valuation Measuring and Managing the Value of Companies (Carrefour Case). New York John Wiley & Sons, Inc.Source document