Factors to consider in determining the competitive value of IT (Essay Sample)

Cis Assignment Part One
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Cis Assignment Part One
Factors to consider in determining the competitive value of IT and their applicability
For an organization to succeed in the current market structure and working environment, it is very vital for the business to in invest most resourcing in improving the technology. Companies have to improve processes such as technology that controls the value chain, procurement, and manufacturing and sales and marketing with the aim of increasing company efficiency, cost reduction and thus business profitability. However, use of technology is not always welcomed by all companies and employees but it is very important for them to adopt technology such as the enterprise technology which is easily implemented to company’s process especially when going global or online. Implementing the information and technology at the enterprise level of company management means to have a competitive advantage in the company purchasing and supplies management (Grewa., Bar, Spann, & Zubcsek, 2016). They include
Cost leadership factor:
An Information and technology department of a company that has a good competitive advantage has to ensure that it produces services and products that are of the best quality at the lowest possible cost. When a company is able to achieve a cost leadership among its competitors means that it has to have effective and efficient procurement, manufacturing and selling frameworks and structures.
Differentiation factor: