The Advantages Of Product Technology Management And Product Information Management

Having advanced technology nowadays can be both of assistance and a nuisance when it comes to handling Information in the workplace.

Business Process Management (BPM) to handle end-to-end processes and control all suppliers, vendors and customers in the

Keeping PII is desirable to a business as it has a perceived high business value.

The ability to manage information plays a critical role in developing a firm’s capabilities in customer relationship management, process management and performance management (Mithas, 2011).

Product Development as a marketing technique is where a business develops a new product to sell to existing customers. Such as, if a customer buys a Playstation game and then buys the expansion pack that offers more

The system allows to company to modernize its strategies and processing more efficiently than its competitors

Having employees know how to use the MIS software helps the stock control process go along a lot quicker. Also having staff being monitored and watched by senior staff to give any advice on what the employee is doing wrong or even doing right, to encourage them to continue doing right.

For product managers, first of all, they need to determine product features in each market segment according to customer buying criteria. For example, in traditional market segment age is the most important product attribute for customers, so

Customer relationship management (CRM) is the practice that companies use to gather, manage and analyze customer interactions with

There are many advantages of using Advance Information Technology management in business. One of the advantages of using Advance Information Technology management is able to protect and store important information of a company. Advance Information Technology managementhelps to protect the company's valuable records by using electronic storage systems. According to the Graziadio Business Report, Advance Information Technology management are manage to secure the maintenance of customer’s fileswhich are important to an organization or business integrity. Moreover, Advance Information Technology management also helps to improves data storage and file management of an organization. For example, Advance Information Technology management allows businessesusing

On the other hand, manufacturing or process management is not prioritized as part of the firm’s future investment. Having an interactive catalogue and CRM system are also important in the future for the company’s online business. Applications for procurement, distribution and stock control are the most important in conducting Panda Company’s e-business.

The concept of marketing has evolved over time. Whilst in today’s business world “the customer is king”. In the past this was not the case, some businesses put factors other than the customer first. Product focused companies define themselves by their products. For example Kodak originally defined its self as being in the photo processing business. This definition impact the culture of the company in a way that hamstrings thinking and creates impediments for action. When the shift to digital cam Kodak resisted this because of the impact on its “products photo processing”.

SAP Material Management (MM) is part of the logistics area and is often integrated with production and manufacturing facilities. SAP MM has features of handling procurement (purchasing) and inventory management of companies that engages in large volumes of goods purchasing. This will be performed by allowing them with hands-on control of below activities

Product management team –This important role is the bridge between the technology and sales team. They understand from sales team what product features can match the market needs and the price range the market is willing to pay. They communicate with engineering team on the required feature of the product and to manage the product cost. This is a very critical role as they look at the innovative product from both business and management perspective. Technology team can invent some world-class products which rock the market, yet whether the product can meet the client requirement within a reasonable cost, it will be for this team should examine. In Stamp expression case, product engineering is only involved after feasibility

Another benefit companies receive from using an ERP is standardized processes and consistent data. This is important in the energy sector and the oil and gas industry because it allows the business to move rapidly to new markets as well as adjust workloads among offices. (Anderson et al., 119) an ERP system will provide managers with pertinent and timely information on when assets need to be replaced among others which will improve the quality of their decisions. (Anderson et al. 119)