What benefits will the umuc haircuts business realize

Assignment Help Finance Basics
Reference no: EM13962858

Question 1 - As identified in the UMUC Haircuts Case Study, there are several areas where Myra's business could use improvement, including: Customer Scheduling, Employee Scheduling, Supply Management, Customer Information, and Marketing. Over time, each of these will likely have an IT solution. However, you know that if you could combine these into an enterprise system, you would be able to significantly improve the operations of UMUC Haircuts.

1) What opportunities are being missed when each little area (scheduling, supply management, marketing, and others) has its own "stove piped" data? (Provide some examples.)

2) What benefits will the UMUC Haircuts business realize if you implement an enterprise-wide system? Identify how Myra as the manager will benefit from having additional information available.

3) What types of decisions as the manager would be improved if she had all this information in one place?

4) Would it make the most sense to start with - a CRM, an SCM or an ERP system - for UMUC Haircuts and why? Keep in mind that additional systems and functionality could come later.

Question 2- A key challenge to Chief Information Officers (CIOs) and their staff is the ever-changing landscape in the Information Technology world. CIOs must be concerned not only with overseeing the current operation of the IT Department and how it best supports the business strategy, but they must also be focused on the years ahead. This is important, first to ensure that today's technology decisions will likely align and be compatible with future requirements, and secondly, that the CIO is well versed in the trends so he or she can advise the business of the potential of technology advancements and concerns. This will help the organization, overall, to make better business decisions. Other members of the organization should have a general idea of these IT trends and be able to identify those that may help their particular area of the business.

Each member should select one of the topics listed below and then do some research. In your posting, you should define and explain the topic you chose. Then you should explain how it could benefit an organization. Be sure to differentiate it from other similar topics in the list. The topics are:

 

Software-as-a-Service  

 

Public cloud 

Platform-as-a-Service

Private cloud

Infrastructure-as-a-Service            

Hybrid cloud

3D Printing

Cloud computing

Web technology

Internet of Things

Question 3 - The manager creates a detailed action plan formulated from the long term goals, vision and mission that are set by the leader. This plan is created through planning and strategizing. To understand the concept of vision and mission and its role in the process, you will do the leader's job and formulate the vision and mission of an organization. By creating the vision and mission you should take away the idea of their importance in creating short term plans and goals.

Create a vision and mission statement to fit the company described below:

Annie Oakley owns a specialty rifle manufacturing company, ANNIE"S BABIES. She designs rifles to fit the specific requirements of the individual customer. Her rifles range in price from $2500 to the most expensive one to date at $25,000. She wishes to become the Lamborghini of the rifle world. Currently, she has a small but growing clientele and receives orders by word of mouth. Anxious to get the plant more active, Annie seeks to gain customers by being known for her attention to detail, personal designs, and quick turnaround. Her employees are expected to produce the rifles with these ideas in mind and never to give in to the temptation to lower the quality of the rifle.

Reference no: EM13962858

Questions Cloud

Represent the schedule possibilities : Theater policy requires that once a movie is started it must be shown in consecutive weeks. It can not be stopped and restarted again. To represent the schedule possibilities for each movie, the following decision variables were developed:
Compute ts estate tax before any federal estate tax credit : Estate Tax Computation. T died on January 4, 2015. He owned the following property on his date of death: Compute T's estate tax before any credits other than the Federal estate tax credit.
What is electric field potential along the axis of the ring : What is the magnitude and direction of the electric field along the axis of the ring?
Sally is doing toe-presses on a leg press machine : Sally is doing toe-presses on a leg press machine (knees are locked out and legs are parallel to the floor, ankle is plantar flexed to 35 degrees (zero is the anatomical position).  The footplate is providing a resistive force parallel to the floor o..
What benefits will the umuc haircuts business realize : What benefits will the UMUC Haircuts business realize if you implement an enterprise-wide system? Identify how Myra as the manager will benefit from having additional information available
Minke whales balaenoptera acutorostrata) are relativel : Minke whales (Balaenoptera acutorostrata) are relatively small baleen whales which feed on krill. Given the picture below and the information that whale is 6 m long, and has an average diameter of 1.0 m, form a model for the whale which allows you to..
Is the above variance report useful for evaluating : Is the above variance report useful for evaluating how well revenues and costs were controlled during May? Why or why not?
Dual prices and the range of feasibility : Explain the connection between reduced costs and the range of optimality, and between dual prices and the range of feasibility.
Requirements for protein and iron at the minimum cost : The company has developed the following linear programming model to determine the number of ounces of liver (X1) and milk (X2) to include in each jar of baby food to meet the requirements for protein and iron at the minimum cost.

Reviews

Write a Review

Finance Basics Questions & Answers

  Question based on taxation and stock

Sarah owns 45 percent of stock in a C company that had a profit of 260,000$ in 2011. Kevin owns a 45 percent interest in a partnership that had a benefit of 260,000$ during the year. Find the income for Kevin and Sarah report for 2011.

  Compute the size of the monthly payments

Borrow $10,200 from the First National Bank at a fixed rate of 12% per annum, simple interest. The loan would be repaid in equal monthly installments over a 3 year period.

  Create a schedule showing the cash inflows

Craig and LaDonna Allen are trying to establish a college fund for their son Spencer, who just turned three today. They plan for Spencer to withdraw $10,000 on his eighteenth birthday and $11,000, $12,000, and $15,000 on his subsequent birthdays.

  You are interested in investing in a company that expects

you are interested in investing in a company that expects to grow steadily at an annual rate of 3 percent. the firm

  Entry for acquisition of property

Valdilla's Music Store acquired Land and old buildling in exchange for 50,000 shares of its common stock, par $0.50 and cash of $80,000.

  What is the project terminal cash flow

The new lathe is expected to be sold for $5,000 at the end of the project's ten-year life. What is the project's terminal cash flow?

  What is the real value of the lottery

The State of Michigan is not going to make any interest payments and will instead provide Ike with 20 payments of $90,000. What is the real value of the lottery if Ike thinks that the appropriate discount rate is 3.8%?

  How does risk depend upon time variation in correlation?

How does risk depend upon time variation in correlation?

  What would be the cost of retained earnings equity for

what would be the cost of retained earnings equity for tangshan mining if the expected return on u.s. treasury bills

  If matthew wayne invests in the stock whose price rises

question 1. if anna maria saves 50 per month at 12 percent compounded monthly how much will she have at the end of 20

  List and describe each of the three methods used to

list and describe each of the three methods used to calculate the cost of common

  How much compensation you expect to earn

Develop a three- to four-page analysis (excluding the title and reference pages) on the projected return on investment for your college education and projected future employment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd