Financial Management, Strategic Management and Digital Accounting

2011 ◽  
pp. 293-317
Author(s):  
Ashutosh Deshmukh

A dominant trend in information technology is the convergence of different software functionalities. Even after the dot-com bust or, perhaps because of it, the convergence has gathered steam. Different tools and techniques get concentrated in one solution or software in a short duration. Distinct techniques and technologies, such as accounting software, Web-based businesses, supply chain management, data warehouses and artificial intelligence, are converging as the organizations move from ERP to ERP II, integration of internal functions to integration across supply chain, and the Internet to Internet 2. Today’s ERP software packs all applications into one monster package and offers tremendous functionalities.

2021 ◽  
pp. 68-72
Author(s):  
Muna Shehada ◽  
F.V. Akulinin

Information technology, artificial intelligence and other innovative areas of economic development allow manufacturers to reduce their operating costs by improving resource planning. Optimizing supply chain management (SCM) can improve the efficiency of all business processes in an organization, while reducing costs and increasing financial sustainability.


2022 ◽  
pp. 137-168
Author(s):  
Saibal Kumar Saha ◽  
Sangita Saha ◽  
Ajeya Jha

An efficient supply chain management helps to increase the productivity of a business. Use of information technology and concepts like artificial intelligence, blockchain, and cloud computing have integrated the different aspects of supply chain with its stakeholders. Published literature in the field of SCM, IT, and the pharmaceutical industry has been reviewed, and different aspects of innovation, technique, risks, advancements, factors, and models have been taken into consideration to form a comprehensive chapter focusing on the role of information technology in the supply chain management of the pharmaceutical industry. The chapter finds that IT has made a significant impact in improving the efficiency of SCM. But its successful implementation and collaboration with other firms is the key to success for an efficient SCM. Within each category, gaps have been identified.


Recently, the business paradigm has shifted to the direction of strengthening consumer-oriented process interconnections and thus demand diversity and volatility have increased. The automation, autonomy, and connectivity of the entire supply chain are emphasized on the basis of the fourth industry technology such as Internet of things and artificial intelligence. In this paper, we propose a smart Supply Chain Management model that accommodates current high technological issues and business requirements under 4th industrial revolution era. The proposed web based SCM consists of automatic ordering/purchasing system, artificial intelligence based appropriate inventory computation system based on Monte Carlo simulation, and detachable IoT based inventory management system. The system is expected to be a sophisticated and intelligent smart SCM solution that adheres to logistics standards for visibility, safety and efficiency.


2019 ◽  
Vol 11 (1) ◽  
pp. 25-43 ◽  
Author(s):  
Stanislav Ivanov

Abstract Companies from the travel, tourism and hospitality industry have started adopting robots, artificial intelligence and service automation technologies (RAISA) in their operations. Self-check-in kiosks, robotic pool cleaners, delivery robots, robot concierges, chatbots, etc., are used increasingly by tourism companies and transform the ways they create and deliver services. This paper investigates the impact of RAISA technologies on travel, tourism and hospitality companies – their operations, facilities design, marketing, supply chain management, human resource management, and financial management. The paper emphasises that in the future companies will divide into two large segments – high-tech tourism companies offering standardized cheap robot-delivered services, and high-touch companies, which rely on human employees.


Author(s):  
Manjunath Ramachandra

The data transactions over a web based supply chain are prone to security threats as the internet is involved all the way. The internet happens to be an open forum easily accessible to the general public. It is quite possible that the data gets hacked or faked resulting in financial losses. Worse, it may not reach the intended recipient at all, defeating the purpose of the usage of the web. However, it should not be a cause of concern. With appropriate pre processing of the information getting uploaded on to the web, it should be possible to see that the data does not fall in to the wrong hands and reaches the intended recipients. The required tools and techniques are introduced in this chapter.


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