Management Information System MIS 201 Semester 1 2018 2019 C

Management Information System Mis 201semester 1 2018 2019case Study

Management Information System MIS 201 Semester ) CASE STUDY-3-Assignment Course: MIS 201 Student name: Academic Year: Students number: Semester: 1st student grade: (out of 4) Section: InstructorName: Signature Dr.Gokulkumari Govindasamy Level of the Mark: Level Management Information System MIS 201 Semester ) CASE-3-Assignment Details Prepare an in-depth analysis of four case studies during the semester. Here are some guidelines: · This is an individual assessment, which is a part from your course score. It requires effort and critical thinking · Answer all the questions listed below for each case. · The ‘answers’ to the questions are best formulated by reviewing the case and the reading materials up and including the current week in the course. · The questions are worded to help you apply the readings to the case, so don’t limit yourself to the case’s terminology and perspective. The best analysis will abstract the case content by applying the reading materials to draw broader lessons about the material Case Study 3 : Walmart 1. How IT and IS may be used to help the company operate and achieve its objectives. (1 Mark) 1. Discuss the challenges faced by the CIO - which are the most important and why? (1 Mark) 1. What role does information technology play in the business? How is it helping Walmart refine its business strategies? (1 Mark) 1. Summarize the main purposes of information systems in organizations (1 Mark) Due Dates Case Study Date of release Due date of submission from the students 3rd End of 9th Week End of 11th Week Case Study 3 : Walmart With the advent of science and technology, technological innovations have become a pre-requisite to achieve operational and strategic excellence. Organizations by using state-of-the-art systems, are striving for their best to achieve sustainable and long-term competitive advantage. It has become sine qua non to use modern tools for the effective achievement of goals and objectives. Its importance can also be observed from the increased spending on Research & Development in order to pace up with the todays dynamic business environment. Wal-Mart, founded by Sam Walton in 1962, is the world's largest retailer that employs about 2.1 million associates worldwide, in more than 8,400 stores, including 8, discount stores, 3,100 combination discount and grocery stores. Wal-Mart is serving its customers and members more than 200 million times per week at more than 8,613 retail units under 55 different banners in 15 countries. Wal-Mart has ranked first among retailers in Fortune Magazine's 2010 Most Admired Companies survey with fiscal year 2010 sales of $405 billion. Sam Walton's belief was to build an empire by providing value to its customers and empowering employees, also known as associates. The way the Wal-Mart operates is so fascinating and impressive that Jack Welch, CEO of General Electric once said: " Many of our management teams spent time there observing the speed, the bias for action, the utter customer fixation that drives Wal-Mart ." The use of high-tech Information technology has always been an essential ingredient for Wal-Mart's growth. Since its inception, it has used the IT systems well enough for the Inventory, administrative, customers and suppliers management. Wal-Mart's investment in technology started with the computerized accounting systems and since then the continuous adoption of latest technologies has made Wal-Mart a market leader in the whole retail industry. Wal-Mart developed a well-equipped computerized Point of Sale (POS) system capable of identifying each unit sold, creation of accurate sales receipt and storing all the information item-by-item for sales analysis and inventory reordering purposes. It helped company to avoid overstocking of merchandize through effective information usage and also assisted them in investing in only those merchandize that were profitable. It has also helped them figure out best selling products and prospective products that customers want. Analysts say that it is Wal-Mart's Point of Sale system that has helped them achieve the world's largest market share and revenues in retail industry. Wal-Mart, in 2004, was the first in retail industry to adopt electronic radio frequency identification (RFID) tags for inventory distribution management. RFID technology, which is still being used, helps them keep track of inventory movement across its supply chain. Wal-Mart was trailing K-Mart in 1980's but with the adoption of latest technologies, it has now become the trend setter in retail industry all over the world. Wal-Mart is currently working on a project to make best out of wireless technology. In near future, they have plans to develop a remote system that would allow customers to just walk into their store and use their own devices (Phones or PDA's) to get whatever they want. i.e. they might go online to their website, while at the store, and find things for themselves or just compare the products' prices etc. Customer service, best shopping environment and experience, one-stop shopping, best value products, customer convenience of online shopping, good customer relations are the blessings that Wal-Mart provides using cutting-edge technology. Latest wireless system at their stores, online web-retailing, vast width and hierarchy of product items, and stores at multiple remote sites are the benefits customers of Wal-Mart cherish. Wal-Mart is considered to be a trend setter in retail industry and it's all due to its inclination towards achieving impossible through modern technology. For example, Wal-Mart once tried to develop three experimental stores in McKinney, Aurora and Las Vegas that were equipped with latest technologies or concepts like wind turbines, photovoltaic solar panels, bio-fuel-capable boilers and water-cooled refrigerators. Irrespective of the criticism it had on environmental issues, Wal-Mart's initiative was considered to be a positive step towards change and innovation and it provided them with an opportunity to become the biggest seller of organic milk and the biggest buyer of organic cotton in the world, as well as reducing packaging and energy costs. It has been quoted in 2006's annual report of Wal-Mart that in order to compete against upscale and appealing store, such as 'Target', they have launched a new Supercenter concept in Plano, Texas. The new store had wood floors, wider aisles, a sushi bar, a coffee shop with free Wi-Fi Internet access, and more expensive beers, wines and other electronics goods. By using advance forecasting techniques and integrating different technologies, Wal-Mart is planning to deploy simulation software that would help them simulate business events that are yet to happen. Wal-Mart has got a strategic plan of introducing a concept of self-service. Self-service technology, aimed at eliminating paper and paper forms, will be provided to their associates, prospective associates, customers and members. It was said by Kevin Turner, CEO of Wal-Mart's subsidiary corporation, in his interview with 'CIO' personnel that " having an associate portal and devices on our sales floors will let customers and members get product information, and let us do computer-assisted selling ". For evaluating new technologies, they are always plugged into research and development labs of their key suppliers like Cisco, IBM, NCR, AT&T or HP in order to get current with latest technologies and drive the future for themselves. Wal-Mart has been outstanding in its investments in Information technology from all prospects. IT systems at Wal-Mart allow them to reduce transactional as well as operational costs at their distribution centers and it has also helped them to support Wal-Mart's long-term strategy of owning the distribution centers and maintaining long-term relationships with their suppliers. Also, improvement in productivity due to IT systems is dramatic at Wal-Mart. It has helped them offer products at such a nominal cost that a small town merchant is unable to provide and this is remarkable achievement of Wal-Mart. It has become a sustainable competitive advantage for them over their competitors and a reason of their growth and profitability. We are aware of a fact that every benefit is accompanied with some problem but Wal-Mart has successfully defied its weaknesses and have used its strength well to take advantage from the prospective opportunities and avoiding possible threats. Answer --Case Study 3 : In this Assignment, you will demonstrate your understanding of the data science methodology by applying it to a given problem. Pick one of the following topics to apply the data science methodology to: 1. Emails 2. Hospitals 3. Credit Cards You will have to play the role of the client as well as the data scientist to come up with a problem that is more specific but related to these topics. Which topic did you choose to apply the data science methodology to? (2 marks) ANSWER Next, you will play the role of the client and the data scientist. Using the topic that you selected, complete the Business Understanding stage by coming up with a problem that you would like to solve and phrasing it in the form of a question that you will use data to answer. (3 marks) You are required to: 1. Describe the problem, related to the topic you selected. 2. Phrase the problem as a question to be answered using data. For example, using the food recipes use case discussed in the labs, the question that we defined was, "Can we automatically determine the cuisine of a given dish based on its ingredients?".

Paper For Above instruction

The integration of Management Information Systems (MIS) plays a pivotal role in enabling organizations, such as Walmart, to operate efficiently and achieve their strategic objectives. Through the implementation of advanced Information Technology (IT) and Information Systems (IS), Walmart has created a highly responsive, data-driven operational model that significantly enhances its supply chain, inventory management, customer service, and strategic planning. This paper explores how IT and IS are utilized at Walmart, examines the challenges faced by the CIO, discusses how technology refines business strategies, and summarizes the broader purposes of information systems in organizations.

Walmart's use of IT begins with basic computerized accounting and expands to sophisticated systems like Point of Sale (POS), Radio Frequency Identification (RFID), and wireless technology. The POS system, capable of tracking units sold and analyzing sales patterns, enables Walmart to optimize inventory levels, reduce overstocking, and focus on profitable products. RFID technology further enhances supply chain transparency by tracking inventory movement across its distribution network, allowing Walmart to maintain an efficient and responsive supply chain that supports its competitive advantage.

The challenges faced by Walmart's CIO include integrating emerging technologies within existing systems, managing large-scale data security, maintaining supplier and supply chain relationships, and balancing innovation with sustainability concerns. Among these, managing data security and privacy in a vast, data-intensive environment is paramount due to increasing cyber threats and regulatory requirements. The CIO must also ensure technological adaptability to stay ahead in a highly competitive retail industry.

Information Technology plays a strategic role in Walmart by enabling real-time data analysis, improving operational efficiencies, and fostering innovation. For instance, RFID and wireless technologies provide timely stock information, facilitate quick decision-making, and enhance customer shopping experience through online integration and self-service options. These technological innovations help Walmart refine its business strategies by enabling just-in-time inventory, personalized marketing, and environmental sustainability initiatives such as renewable energy projects within stores.

Broadly, information systems in organizations serve to automate processes, support decision-making, enable communication, and create competitive advantages. They facilitate access to accurate and timely data, streamline operations, and foster innovation—ultimately helping organizations adapt to changing environments and maintain long-term viability.

References

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  • Gartner. (2019). The Impact of RFID Technologies on Supply Chain Management.
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  • Chaffey, D., Ellis-Chadwick, F. (2019). Digital Marketing. Pearson.
  • Porter, M. E., & Heppelmann, J. E. (2014). How smart, connected products are transforming competition. Harvard Business Review, 92(11), 64-88.
  • Walmart Corporate Website. (2023). Technology and Innovation. Retrieved from https://corporate.walmart.com/technology
  • Easton, G., & Jarrell, S. (2019). Supply Chain Integration: The Walmart Way. Supply Chain Management Review, 23(4), 12-21.
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  • Riggins, F. J., & Dewan, S. (2020). Managing IT for Competitive advantage. Journal of Competitive Strategy, 5(4), 56-70.

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