The Adoption of Information Communication and Technology through the Installation of Information Systems within the Steel Industry – Business Plan Example

Download full paperFile format: .doc, available for editing

The paper “ The Adoption of Information Communication and Technology through the Installation of Information Systems within the Steel Industry” is a motivating variant of business plans on information technology. As a way of strengthening the ever-increasing competitiveness, there is need for manufacturing companies to develop new and innovative product systems of information as well as process ideas, establish manufacturing and development networks and even provide new as well as advanced ICT infrastructures that will enable the creation of fast knowledge and information exchange/ dissemination. With design and innovation cycles becoming shorter each year, companies and manufacturers are under great pressure to become highly flexible, productive and client-focused (Zhu, Kraemer and Xu, 251) The development of ICT has been found to be important to innovation in regards to processes and products.

Company X which is a steelmaking company requires developing workable strategies through which they will be able to increase their level of production, performance, and profitability. One major way through which this can be done is the adoption of an improved system of information through which all processes that entail steel production, management, and distribution are fast and effectively undertaken.

This paper is a proposal that provides Company X with strategies through which they can improve the delivery of their business processes as well as administrative services. It gives a comprehensive report on the process of implementation for a new Information and Communication Technology system that will utilize industry standards as well as leading-edge technologies as a way of improving the company’ s system of service delivery and to improve its profitability. The described strategies take into account both long and short term goals of the company. Description of Company XCompany X is a steel company whose headquarters are in New York.

Started in the year 2002, the company has emerged to be one of the leading multinational corporations in the world today. The steel produced by this company is used in construction, automotive, making of household appliances as well as packaging. Over the years this company has continued to operate extensive networks of distribution and to hold huge raw materials supply. Company X’ s major market interests include Asia, Australia, and Europe. This major focus on the creation of markets in these regions is a way of creating exposure to the major steel markets both the matured as well as the maturing ones.

The production of crude steel for the year 2008 was valued at 85 tonnes and revenue of 95.2 US dollars. Other than its headquarters in New York, company X has other plants in different regions that include Atlanta, Washington, Phoenix, Texas, and California. The company is one of the steel industries that use electric furnaces rather than blast furnaces in the melting of scrap steel as a way of reducing production costs and increasing profitability.

Examples of the various steel products being released into the local and international markets include beams, bars, steel joists, steel decks, steel fasteners, wire mesh, wire, joist girders, cold steel, expanded metal, and plates among others. it has a decentralized type of management philosophy constituting five levels of management that include the president, vice president, general manager within the division, department manager, and the supervisor. Operation decisions are made at a lower level. Other strategies that the company uses to enhance production, improve profitability, and beat its competitors include enhancing satisfactory customer quality and service, provision of benefits to employees, compensation on the basis of the performance of every employee, the adoption of new technologies.

Works Cited

Adesso-Diaz, B. and Gascón, F. A payback model for radiofrequency in warehousing. International Journal of Physical Distribution & Logistics Management, 29(10), 1999, 631-645.

Bassani, Andrea et al. “Growth, Technological Change, and ICT Diffusion”. Recent Evidence from OECD Countries, 2002.

Boulard, G. “RFID: Promise or Perils,” State Legislatures, 22-24, 2005.

Bruening, P. Testimony presented at House Subcommittee on Commerce, Trade, and Consumer Protection on July 24, 2004. Washington, DC.

Chaudhury, Abhijit, and Jean-Pierre Kuilboer. e-Business and e-Commerce Infrastructure. New York: McGraw-Hill, 2002.

Gupta, A. Enterprise resource planning: the emerging organizational value systems. Industrial Management + Data Systems, 100(3), 2000, 114-118.

Hollenstein, Heinz. Determinants of the Adoption of Information and Communication Technologies. Oxford: Oxford University Press, 2002

Hong, W. and Zhu, K. “Migrating to internet-based e-commerce: Factors affecting e-commerce adoption and migration at the firm level,” Information & Management, 43, 2, 2006, 204- 221.

Jovanovich, E. et al.Entry, Exit, and Diffusion with Learning by doing. New York: Prentice-Hall, 1989.

Kelly, E. P., and Erickson, G. S. RFID tags: commercial applications v. privacy rights. Industrial Management & Data Systems, 105(6), 2005, 703-713.

Prater, E., Frazier, G., and Reyes, P.M. Future impacts of RFID on e-supply chains in grocery retailing. Supply Chain Management: An International Journal, 10(2), 2005, 134-142.

Quads, M. and Xu, J. “Adoption and diffusion of knowledge management systems: field studies of factors and variables,” Knowledge-Based Systems, 18,2-3, 2005, 107- 115.

Reinganum, Jenniffer. “On the Diffusion of the New Technology: A game Theoretic Approach,” Working Papers 312, California Institute of Technology, Division of Humanities and Social Sciences, 1981

Reyes, P.M. and Frazier, G.V. “Radio frequency identification: Past, present, and future business applications,” International Journal of Integrated Supply Management, 3, 2, 2007, 125- 134.

Reyes, P.M. and Jaska, P. “A Research Agenda for RFID integrated supply chain management studies,” International Journal of Global Logistics & Supply Chain Management, 1, 2,2006, 98-103.

Zhu, K., Kraemer, S, and Xu, S. “Electronic business adoption by European firms: A cross country assessment of the facilitators and inhibitors,” European Journal of Information Systems, 12, 4,2003, 251-268.

Download full paperFile format: .doc, available for editing
Contact Us