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sukhopar [10]
3 years ago
11

Explain how leveraging an IS solution can help Soliel Panel Distribution achieve operational efficiency.

Business
1 answer:
sladkih [1.3K]3 years ago
3 0

Answer:

efficiency is the main concern for Soliel Panel Distribution. Integrating technology into its operations will enhance internal efficiencies and service delivery. As the organization grows, change is inevitable (Have & Have, 2017). With the crises the company is going through, the IT department should consider incorporating business process management (BPM), while developing SolDistHR. BPM gives an opportunity to look and control organizational processes. Effective implementation of BPM requires organizing the outcomes to ensure proper focus on the goals, correcting and enhancing processes before automation, standardizing processes, enabling continuous change, and improving the existing processes.

As the business grows, it brings new challenges, which make it critical to ensure effective change management. The IT teams should first understand the prevailing status quo within the organization. Creation of a compelling vision of the future is the second stage. The second stage requires the participation of each employee to guarantee smooth organizational operation. In the third stage, building a change coalition, the IT team ensure that they buy the rational for change and be part of the change. In step four, the team mobilizes its commitment and ensuring that there is adequate support for the change. The final stage is evaluation of programs to ensure everything is in order.

The IT team should include finance manager responsible for budgeting and forecasting project activities. Two IT professionals responsible for designing the program to ensure it meets the needed specifications and developing software compatible with other programs. Legal officer ensures that all contractual obligations are met and overseeing all the copyright issues.

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The effect on the prices of securities due to the "changing tastes, likes and dislikes" of investors is:____________A. Market ri
Ipatiy [6.2K]

Answer:

B. Business risk

Explanation:

Business risk is any risk a business or organisation faces that might reduce its profits. Business risk is specific to the company. Business risk can be diversified. E.g. changing tastes, likes and dislikes, strikes etc

Market risk is any risk a business or organisation faces that is as a result of the performance of the overall financial market the company operates in. Market risk cannot be diversified.

Opportunity cost is the cost of foregoing other options when one option is chosen over other options.

I hope my answer helps you.

8 0
3 years ago
Suppose a firm’s sales for the year = $1200 and its average receivables balance is $200. What is the firm’s Accounts Receivable
tiny-mole [99]

Answer:

61 days

Explanation:

Accounts receivable turn over ratio is an efficiency ratio that is used to calculate how efficiently a company is receiving its sales on account payments . This measures the number of times in a period that a company collects its average accounts receivable.

When expressed in days , it reveals the number of days it takes a sales on account customer to make payment

<u>Workings</u>

Annual sales = 1200

Average receivable balance = 200

Receivable turnover ratio = Annual sales /average receivable balance

1200/ 200 = 6

Account receivable turnover ratio in days = 365/receivable turnover ration

365/6 = 60.8 days = approximately 61 days

This shows that it takes a customer approximately 61 days to pay their purchase on account which

6 0
4 years ago
Select all that apply.
Ulleksa [173]
Pretty sure a full time job is 45 hours
4 0
3 years ago
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Phil takes out a loan of $100,000 to be repaid in 360 monthly installments. You are given that the first payment will be one mon
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Answer:

246

Explanation:

Please see attachment .

5 0
3 years ago
If annual demand is 50,000 units, the ordering cost is $25 per order, and the holding cost is $5 per unit per year, which of the
Mama L [17]

Answer:

B) 708

Explanation:

The computation of the economic order quantity is shown below:

Data given in the question

Annual demand = 50,000 units

Ordering cost per order = $25

Holding cost per unit = $5

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

=\sqrt{\frac{2\times \text{5,000}\times \text{\$25}}{\text{\$4}}}

= 708 units

We apply the above formula to compute the economic order quantity so that the approximate value could come by considering the all items given in the question

8 0
3 years ago
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