Strategic Pre-Incident Changes: Prevention initiatives are a vital part of business contingency plan and play a key role in eliminating or mitigating potential hazards before an incident occurs. First, SterlingCrest will form a risk management department that will be responsible for conducting risk assessments for each corporate department and for the retail stores. The Risk Management department will be responsible for coordinating the efforts of the risk assessments and for the business contingency planning. Each department and store will be responsible for maintaining the business contingency plans within the guidelines and timelines provided by the Risk Management department. To aid in the risk assessment process, SterlingCrest will utilize a variety of tools to assess several types of risk with a department and prevent losses from occurring.
This is when an auditor does an actual review of the processes and the security of these processes and makes “professional recommendations” on the implementation of systems, the security of the systems and software, and even recommendations on better implementation of the database management. SAS 70 is important for all processes, electronic and manual, that may be outsourced to third party companies or may be maintained by third party software. This report provides the company as well as the third parties with a report that provides information on the internal controls that are in place and their effectiveness within both businesses. This allows the organizations to determine whether or not they need to make changes to their processes to ensure the security of the data that is being shared between parties (Hunton, 2004, p. 217). Finally, SAS 94 addresses the need for the auditor, and its firm, to fully understand the programming and technology that is being used for any given company.
How are software and hardware used in these departments to meet their informational objectives? 2. Software and hardware programs in companies are key components of functional areas such as human resources and that is relied on. The level of dependence of the organization on the software and hardware elements cannot be undermined and a failure of any kind. The system that human resources department employs lets the company know what data employees access and ensure regulation.
* Downloading Software – Users must contact the IT help desk in order to download software to their work stations. A remote user will complete the installation process if the software is deemed necessary. * File Access control – Users will only have access to records and files they need to complete their job information deemed otherwise they must consult management positions for access. VI. BUSINESS CONTINUITY The purpose of a business continuity plan is to counteract interruptions to business activities and to protect critical business processes from the effects of major and long term failures of information systems or physical disaster to the work place and to resume a normal working fashion in a timely manner.
Role of Technology Paper Anthony Bando University of Phoenix BIS/318 Damien Edwards October 24, 2011 In today's business society, technology including hardware and software, is a critical role of all major businesses and corporations. Technology is essential in this current place in time to compete in the retail business. Technology can make the lives of a company easier as well as consumers who are willing to use it and save time and sometimes money. Technology can be in many different forms within an organization. Certain technologies enable customers and employees to communicate needs faster.
During the past few months I have visited K-Mart many times to make purchases as the location is very close to my employer. I find the store to be clean and neat; however the store is very large and sometimes can be confusing in where to find things. Products seem to be spread out and rather than keeping seasonal products up front where the customer can get to them easily the customer has to walk all the way to the back of the store to get to them. I am sure that the reason for this is to make the customers walk past the jewelry counter, electronics, toys and cosmetics in hopes they will purchase additional items. Many of the sales associates are friendly, however they seem to be hard to find.
Most likely you have never even thought about it, but a huge company like Wal-Mart has a great deal of influence on what positions are available in your community, where your products are coming from, and how much money you make. In this essay I really wanted to tackle this issue: What impact does Wal-Mart have on American jobs? I really want to be fair in researching both
According to Vitez, O. (1999-2012) “The biggest impact IT has made on accounting is the ability of companies to develop and use computerized systems to track and record financial transactions. Paper ledgers, manual spreadsheets and hand-written financial statements have all been translated into computer systems that can quickly present individual transactions into financial reports.” Kudler’s Fine Foods REMS uses each module in the system to track, analyze, and report information to other business systems within Kudler’s for the purpose of marketing to the appropriate market, producing product cheaper and much more efficiently, and allowing each department better understanding of fund available. This has an impact on the organization structure so that time and money is not wasted and also has an external impact as customer are better serviced because the REMS allows Kudler’s employee to narrow in on the customer’s
Because of the impact Wal-Mart has had not only on the retail industry in the United States, but also globally, I think it is safe to say that Wal-Mart is a very secure company. They are ahead of the game in the retail industry. This company has been around for a long time, since 1962. I do not know if everyone else feels the same way I do, but I personally could not imagine life without Wal-Mart. With almost everything you need under one roof, Wal-Mart is just the most convenient and cost-efficient choice and has been for quite some time now ("Walmartstores.com:
Outsourcing brings proven benefits in the form of economic leveraging, increase in the quality of products and it provides a number of opportunities to less developed countries. For example in recent times, Americans are overwhelmingly supporting the major retail stores like Wal-Mart, Target and K-Mart. The reason behind this consumer loyalty is that it has become much easier to shop at these locations rather than the local mom and pop stores located on the corner of most neighborhoods. The benefit is that you can purchase everything on your shopping list from one location, saving you time, money and gasoline. In a highly competitive business world, on a firm’s priority list is the subject of increasing profit and reducing cost.