Information technology can easily improve the efficiency of your business by substituting labor with machines and linking those machines with a computer that documents the cost per unit of production and how many units you produce on a daily basis. Sure the investment would be big but it will be one time investment and you just need to press a button for the machine to be on command unlike labor which you have to greet personally and give a lot more time into monitoring them and checking if they are doing as they are ordered to. Say you have a garment business and the key to your business is cotton which you buy in bulk and then use to create garments which takes about 90 days in production but before production starts you need to store the cotton and you need experts for that who prevent it from wastage and elements that can neat into your produce. Then you need good advertising so that your product is popular among the masses and good store level managements that deals with customers promptly and does the billing quickly. You need good business software in place that goes all the tracking and business analytic's software which tells you when to market the product and when to organize a sale. You need to combine the traditional understanding of the business with fast information technology and only then will you taste success.
Information technology can easily improve the efficiency of your business by substituting labor with machines and linking those machines with a computer that documents the cost per unit of production and how many units you produce on a daily basis. Sure the investment would be big but it will be one time investment and you just need to press a button for the machine to be on command unlike labor which you have to greet personally and give a lot more time into monitoring them and checking if they are doing as they are ordered to. Say you have a garment business and the key to your business is cotton which you buy in bulk and then use to create garments which takes about 90 days in production but before production starts you need to store the cotton and you need experts for that who prevent it from wastage and elements that can neat into your produce. Then you need good advertising so that your product is popular among the masses and good store level managements that deals with customers promptly and does the billing quickly. You need good business software in place that goes all the tracking and business analytic's software which tells you when to market the product and when to organize a sale. You need to combine the traditional understanding of the business with fast information technology and only then will you taste success.