earth to the other, if need be. The meeting can happen without people having to reschedule their lives. Management applications:ICT will have an impact on management as well as the office worker. Management works almost exclusively with information. Therefore, computerisation and networks are a necessity to the manager’s world.The benefits are gained through things such as electronic fund transfers, a major application of special purpose, limited purpose, or general-purpose networks. Online financial services can save time and give up-to-date information. Inventory, ordering, production, pricing, and planning are all interrelated with the aid of networks and computer modelling.Substituting Methods:Physical inventories are being replaced by information about the inventory, a change which is unleashing major restructuring of activities in the supply chain. A factor to enhance management success is its ability to have precise information about inventory in the pipeline without necessarily locking excess working capital in inventory. Companies in every industry are being forced to assess their supply chains with respect to business models that could be created by new entrants seeking to mimic successful management styles, incorporating best in-class inventory levels. Process interdependence:It makes it possible for companies’ business processes to cut across organisational boundaries and time zones. Companies are physically locating their critical processes around the world but linking them through common technology platforms. For example, major airlines’ reservation and customer service centres are distributed around the world. And pharmaceutical companies have research and development facilities scattered around the globe so they can work around the clock. Such capabilities are vital in markets in which speed is of the essence, this encompasses most companies nowadays.Sourcing of business process capabilities, by manag...
