Tuesday, May 5, 2020

Synthesizing Supply Chain Systems Strategy

Question: Discuss about the Synthesizing Supply Chain Systems Strategy. Answer: Introduction This study deals with strategic information systems. In this particular assignment, proper emphasis has been given on illustrating the various types of software applications that are used by business concerns such as WiseTech Global that is based in Australia (Willcocks 2013). WiseTech Global is one of the innovative and multi-award winning global developers of cloud-based software solutions for the domestic logistics as well as international industries. WiseTech Global has more than 6000 customers across 7000 sites in more than 125 countries. It is the software solutions that are renowned for their powerful productivity, deep compliance capabilities as well as comprehensive integration and extensive functionality Arvidsson, Holmstrm and Lyytinen 2014). The current paper introduces the company WiseTech Global who should use MYOB software solutions to their potential client base. Furthermore, the present segment explains various challenges that are encountered by the users of accounti ng software as well as importance of selecting the most relevant accounting software for the business after understanding the advantages and disadvantages at the same time (Whittington 2014). There are various types of accounting packages that are used by business firms and depends upon meeting the business requirements of the business in and across Australia. Addition to that, personal accounting software are mainly used by small business where home users are simple and it is inexpensive with simple operations like handling budgets (Stair and Reynolds 2013). There is low-end software especially for small business that has the potential for serving small domestic market. Furthermore, there is mid-marketing accounting software that is mainly utilized by Business Corporation with large scale of business. Therefore, this software has the ability for catering to the needs of multiple domestic accounting standards as well as principles that enhances the accounting in given currencies Arvidsson, Holmstrm and Lyytinen 2014). Accounting software is one of the software application software that records as well as process accounting transactions within functional modules like payroll, accounts receivable, payroll, accounts payable, trial as well as general ledger. It functions like an accounting information system (Shapiro and Varian 2013). This will be developed by an organization through purchase from a third-party or combining of third-party application software package with local modifications. Therefore, accounting software may be online based that is accessed everywhere. Accounting software companies uses accounting software paid for on a monthly recurring charge instead of an upfront license fee (Arvidsson, Holmstrm and Lyytinen 2014). Current Organizational Structure WiseTech Global was founded in the year 1994 and operated in Sydney, Australia. The company is one of the leading international logistics industries in technology innovation. The company operates in offices in countries such as Australia, China, United Kingdom, United States as well as China and New Zealand (Rainer et al. 2013). The company acts as an innovator where they use software as well as hardware for solving problems and creating new ways of working and living. The company uses latest software tools as well as best hardware platforms by delivering solutions that make significant difference to customers, staff members, partners as well as shareholders in a logistics industry (Hirschheim, Heinzl and Dibbern 2013). By using the hierarchical organizational structure by WiseTech Global, they face various organizational problems. The organizational problem involves communication across different sections can be poor in case of horizontal communication. WiseTech Global can be bureaucratic and respond slowly that changes the customer needs as well as market within which the business operates (Par et al. 2015). By using organizational structure, departments can make decisions that get benefits rather than the business as a whole. Accounting software packages Intuit Quick Books is one of the popular accounting software packages that are mainly adopted by small enterprises that are based in Australia. It is used for tracking the profit figures as well as costs and income of the business enterprise. MYOB is one of the accounting software that is used in Australia that mainly performs additional functions rather than simple functioning as accounting software (Hirschheim, Heinzl and Dibbern 2013). Addition to that, MYOB was initially developed for various accounting features. This accounting software will assist the proprietors of business enterprises for boosting the profitability as well as arriving at successful business decisions in order to gain real time view of the pecuniary operations of business organization. Reckon is other accounting software that is used by Australian firms. It helps in providing high quality accounting software for the business enterprise firms that is based in Australia. This particular accounting software rende rs affordable cloud accounting software for SMEs in and across Australia (Gorla and Somers 2014). Therefore, the accounting software provides a platform that has a platform where Reckon Pay as it helps in receiving debit or credit of card bills through means of cell phones. Preparing a system flowchart of the sales procedures for the company WiseTech Global Activities Sales Process Introducing as well as designing of new process Research Management Security and Information access level identification Knowledge Management Optimizing as well as improving existing process Move Order Procurement Defining as well as structuring existing process Network Deployment Organization Development New Employee Introduction Project Management and Control Redistributing functions within the Departments Removing Accounting functions from warehouse function from sales and warehouse Control problems in the system and what sorts of fraud are possible in the system At WiseTech Global, there are certain frauds that are recognized in the current accounting system. Employee Fraud is one of the significant problems that are faced by WiseTech Global of all types, sizes as well as location and industries (Galliers and Leidner 2014). There are various frauds that is committed by employees. According to research, it shows that typical organization loses 5% of its annual revenue every year because of employee fraud. It is necessary to prevent as well as detect this loss as soon as possible. WiseTech Global should have a plan for preventing the fraud by implementing accounting software such as MYOB so that fraud is reduced (Arvidsson, Holmstrm and Lyytinen 2014). There has been current development present in the accounting software packages where business firms makes payments based on the level of commitment in terms of payment to clients through rendering exhaustic invoice prints that are actually automatically generated by using the software (Galegher, Kraut and Egido 2014). In that case, software for accounting are mainly developed in proper manner where the software help in delivering high standard solutions to diverse scale business concerns. Furthermore, it is necessary to involve in huge development that has been attained in area where it can provide proper security procedures as well as systems of software especially for accounting for making the data secure and dependable at the same time. Therefore, the developers actually makes the packages easy for utilizing the software packages that involve more clients for making use of further dispensation in an effective way (Cassidy 2016). In such cases, packages of software accounting after proper improvement and growth are majorly utilized by the business that is based in Australia. Addition to that, there have been acquiring of cloud applications that are adopted by different firms based in Australia. It is noted that software accounting are been taken by business holders where are software are less expensive and many effective uses at the same time (Burrough et al. 2015). On the contrary, it is also been criticized by some of the clients in the beginning when it takes into consideration the security concerns aligning with the technological development. In that case, people started evaluating the software that are designed as well as developed by the originators of Australia. The accounting software is considered as one of the important software that is important for management of data after arriving at better outcomes (Arvidsson, Holmstrm and Lyytinen 2014). From the reports that are presented by MYOB for the period 2015, MYOB is exceptionally voted by small enterprises as it is simple software that employs various bookkeeping data structure (Boonstra 2013). Furthermore, MYOB has been designed as an accounting mechanism that is easy to utilize as well as time-saving where it help to keep financial budgetary reports in accordance to the commitments as well as financial procedures. The progression of the MYOB software is empowered by the possible of MYOB Corporation as it merges with the various trade concerns in the area. Hence, adopting the accounting software will help in enhancing the execution of an item that is utilized as a fraction of Australia (Baskerville and Wood-Harper 2016). MYOB system of accounting can be utilized by more than 26000 medium business medium business enterprises as well as reflects upon 142000 that is 60% of all business concerns in the market of Australia. It is more than 20% customers of the commercial business enterprise that utilize mainly for uploading programs as well as attaching price is around 40% (Arvidsson, Holmstrm and Lyytinen 2014). Identification of leaders in the market and what is the competitive advantage The use of MYOB accounting software is preferable in both small as well as medium sized business enterprise that is based in Australia. It is understood that SMEs are now the leaders in the country such as Australia (Hirschheim, Heinzl and Dibbern 2013). The leaders actually use accounting software for generating a steady environment of business. XERO is other leader of accounting software that is a leading issuer of accounting software packages in a given market section that indicate a huge share of the entire firm that is based on Australia. Furthermore, XERO has third party package of solutions that assimilate with the online platform. This accounting software permits small agencies for undertaking incorporated business that is customized for industries (Hirschheim, Heinzl and Dibbern 2013). MYOB is accounting software that helps in gaining competitive advantage as well as edge over the players. This accounting software should be used by WiseTech Global as the software has the ability to interface the platform that acts both online and offline. Hence, MYOB has mostly inspired SMEs that is located in Australia for gaining the competitive advantage with other layers functioning in the market (Hirschheim, Heinzl and Dibbern 2013). Identifying the current gaps or challenges encountered by users or customers of accounting software or packages The leading software as well as application packages is mainly cloud-based and difficult for transferring to cloud-based in case of WiseTech Global. One of the major concerns that need to be taken into consideration is linked to the security of various records that is one of the critical elements in WiseTech Global. The online content that is present within WiseTech Global might be prone to hack, fraud and threat where it needs excessive level of security adaptation. Furthermore, it is noted that software packages like MYOB and XERO is subjected to diverse security concerns. Around 46% MYOB applications gets affected by hacking. Use of this software package needs training to the staff members of the business enterprise who perform practical course of action (Hirschheim, Heinzl and Dibbern 2013). Therefore, WiseTech Global fails to gain benefits out of the online accounting system because the company does not have qualified personnel. Conclusion At the end of the study, it is concluded that it is necessary to understand various types of software applications that are utilized in business concerns that are essential for accounting in and across the Australia. Addition to that, there are several accounting software from which WiseTech Global can select the best appropriate one. From the above analysis, it is noted that current study provides proper insights of information on history, development and adoption of software applications for accounting in reference to WiseTech Global. MYOB and XERO are two accounting softwares can be used by business enterprise. The study even identifies the leaders on the market, competitive advantage as well as current size and share of the market where challenges are encountered by the end users who uses the software applications. Reference List Arvidsson, V., Holmstrm, J. and Lyytinen, K., 2014. Information systems use as strategy practice: A multi-dimensional view of strategic information system implementation and use. The Journal of Strategic Information Systems, 23(1), pp.45-61. Baskerville, R.L. and Wood-Harper, A.T., 2016. A critical perspective on action research as a method for information systems research. In Enacting Research Methods in Information Systems: Volume 2 (pp. 169-190). Springer International Publishing. Boonstra, A., 2013. How do top managers support strategic information system projects and why do they sometimes withhold this support?. International Journal of Project Management, 31(4), pp.498-512. Burrough, P.A., McDonnell, R., McDonnell, R.A. and Lloyd, C.D., 2015. 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