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Business Information Systems - Essay Example

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Business Information Systems

1.4 This lack of ability towards delivering the products in industry benchmark time is causing BAAF to lose out in the competition with other smaller firms that are faster in offering products in the market.
1.5 In addition, the Drug Licensing Authority (DLA) takes almost 15 months to review the product and to decide whether to grant license to the new product. This adds to the inefficient internal operations and thus, the entire process takes longer than what is expected by Board and Customers. Another consequence of this inefficient practice is loss of revenue to the company.
2.1 BAAF is advised to reduce the delays in their internal operations by introducing an Intranet. That is, an internal network where all the employees of the company can have access and can post, read, and review information by logging on to the network and accessing areas where they are authorised.
3.1 An intranet is a private computer network that uses Internet protocols, network connectivity, and possibly the public telecommunication system to securely share part of an organisation's information or operations with its employees. Sometimes the term refers only to the most visible service, the internal website (Wikipedia)
4.1 By deploying an intranet, BAAF can expect to gain huge financial gains by being able to drastically reduce the duration taken by internal processes for product testing, legal issues, and development of monitoring mechanisms.
4.2 Since all the data will be available over the network and accessible to every employee of the company (with suitable authorisation); the relevant users can access the centralised repository of information, and instances of duplication, incorrect and incomplete data will decline. This will improve productivity and efficiency of operations since data is readily available whenever required. Thus, employees will be able to perform their jobs much faster than they currently are doing.
4.3 In addition, intranet may be configured to provide email access and web forum that will allow geographically distant office employees to co-ordinate on the product testing approaches and methodologies. This also entails establishment of a prompt and organised communication interface for employees to locate and discuss issues with the relevant personnel online.
4.4 Moreover, all the policies, manuals, checklists etc. that are required by employees to carry out their responsibilities, can be kept on the intranet; thus allowing easy access and complete information.
4.5 This will enable BAAF to reduce their turn around time for product development; that will ultimately benefit customers and will also result in savings of high magnitude to the company, as it is estimated that for every week saved in R&D, the company gains up to 1 million pounds per year.


B) EXTRANET AND ITS LIMITATIONS
5. Using Extranet to share information between Pharmaceutical companies
5.1 It is estimated that ...Show more

Summary

1.1 Technology plays a pivotal role in businesses nowadays. Organisations all around the world use information systems and technology as an integral part of their systems and operations. In return, technology offers speed, efficiency, effectiveness and an increasing rate of growth…
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Business Information Systems Essay essay example
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