Evolution of Management Theories
...rom customers are also recorded and then inputed to the main computer through the employee’s id tag. Barbara can then check on her employees’ performances through a LAN network and then justify fair rewards and punishments. iv) Customer reservations and communication This can be referred to as a customer-to-business communication. Barbara may want to expand her café upwards of the restaurant and services chain, this way if business keeps improving more and more clients come in and sometime in the future she might have to cater for business and important functions. Using the internet connection, clients can place their requirements and if further attention is needed, clients can also request for personal meetings with the person in charge and thus creating a more speedier and efficient network. Also by preparing wireless networks in her restaurant she is able to promote and advertise her restaurant free of charge to any users within the area of her café. v) Job postings and applications By hosting online websites, Barbara can actually pick the people that she might want to employ. She can post up the posts vacant, qualifications and personality required. Anyone interested can log on to her website and state their qualifications and queries. Barbara can then look up the posts and select the person she might want to employ and set up and interviewing session. By using the wireless networks available she can also put up posts for walk-in interviews. 2. Inventory management is an important aspect of any company. Other than placing orders for daily-required foodstuffs, even table-setting items can also be ordered online. Being able to order online means that Barbara can save costs on transportation as being a loyal customer and buying in bulk, most online suppliers will voluntarily waive the transportation fees. Transactions of inventories will also be easily recorded as most of this can be done online through the internet. Payments for daily inventories, foodstuffs, and table-setting items can also be done online making it easier to pay for products. Traditionally most people kept records in books and in invoices, writing, order and pay forms of stocks and inventory they have bought and used throughout the business life. By enabling her inventories to be managed online, she should be able to experience more efficiency in managing her items. Mass updates or inventory adjustments can also be made at any time. Barbara would have complete awareness not only of inventory levels but also of inventory costs. This information combined with sales information allows her to continuously monitor inventory output and input, profit margins, inventory holding costs and the amount of business capital tied up in inventory. Since it's Web-based and every component of the inventory management program is integrated with every other, everyone can stay informed of inventory changes wherever they are working. This ability to stay connected allows Barbara’s employees to better perform their jobs. And with a thorough understanding of her company inventory assets, Barbara can make the best business decisions. 2 of the good tools available to help Barbara in her inventory management are Sivco Inventory Management and also Netsuite which are able to track the flow of inventories and many of the other characteristics listed above. Available at www.Sivcotracking.com and www.findaccountingsoftware.com 3. There are many lessons outlined in the whole chapter 5. One of the effective ones are mergers, instead of competing with competitors Barbara can now merge companies with either competitors and form a huge corporation. Operating at lower overall costs , better services , customer support , and at more than a few places at once, Barbara can be confident of being the market leader in operating Wireless Cafes. This way new technologies can be sha...