Running Case Assignment:
Collaborative Questions
1. The printer could be bought over the five year period since she can be able to flexibly meet the requirements. However, making a one-time purchase could be unaffordable as this would be too expensive for the business. In leasing the printer through monthly installments, the Printer will be more costly that when lease once.
2. Purchasing the printer will be expected to increase her production levels. Just like any other operation, an increase in production levels will be expected to enhance the competitiveness of the business operation. This is due to an increased number of T-shirts being produced.
3. Business Intelligences (BI) involves the use of particular applications in analysis data within a business in order to facilitate the decision making process. A number of processes are also involved in business intelligence such as accessing data, analysis, storing and gathering of information. The most common examples of BI tools include statistical analysis, data mining, forecasting, reporting and query, data mining and forecasting.
4. Profitability - Carrie is able to identify the number of t-shirts that are required in order to meet the expected profit levels. Moreover, identifying the revenue levels within the business operations in order to meet different goals and objectives. The Business intelligence identifies the peak season and low season within the business that enabling Carries to track down periods in which she ought to prioritize her business on as well as increase the level of productivity.
Decision making process - Carrie is able to determine on the best approach on which she should acquire the printer. Moreover, she can restructure the business operations in such a way that she can maximally achieve business goals and objectives.
Improving visibility - Carrie is able to understand her business operations better than in absence of a business intelligence system. This provides more controls over the business operations thus making her able to make better interventions within the business.
5. Customer communication - Carries can effectively employed media and ecommerce platforms for continually enhancing business processes as well as facilitating continued increase in the levels of sales.
Advertising- Since most of the individuals utilizing t-shirts are youths, the social media can acts as a unique platform where these individuals are reached. These individuals can be captured over the internet with knowledge based communication.
Tracking competition - Through ecommerce and social media, Carrie is able to track the trends within the current T-shirt market. This way, she can make adjustments aimed at maintained a competitive position within the market.