Systems and operations management Essay Example | Topics and Well Written Essays - 750 words

Systems and operations management - Essay Example It has made the work at ease in various departments but at the same time requires appropriate skill development. Role of information systems in careers in finance, accounting, HR, operations management and marketing and how the careers in information systems have been affected by new technologies and by outsourcing The various departments within the organization have in built information system for its various functions. The operation management nowadays in organizations has automated warehouses, supply chain activities, use of RFID technology, and automated inventory control. To perform such activities which are completely based on information technology proper knowledge of such software’s is required. The information system has helped in managing several tasks but has increased the level of competence that the employees should possess related to the information technology. Even in the HR departments, payroll, compensation and reward policy, managing the entire employee base is done through such systems. This has helped the administration to reduce the paperwork but at the same time it is essential for the management to impart sufficient training to the employees (Doyle, 2000, pp.156-157).The finance department nowadays in every organization has in built software for performing various activities of maintaining financial records, and producing various financial reports for the company in coordination with various other departments within the organization. The marketing department even uses the CRM software’s for effective handling of its customer’s base and even uses some integrated software’s for their product design, promotion and forecasting the market demand. The role of information systems is very high in all of the areas in the organization, which has made an increase in technical competence to sustain careers in every department. The use of ERP (enterprise resource planning)

Crude Oil Prices between 1985 and 1994 Article Analysis Assignment

Crude Oil Prices between 1985 and 1994 Article Analysis - Assignment Example The authors point out that over time, competitive forces have caused a greater variance in the prices of oil in world oil markets even with the market arrangements brought by OPEC or by international oil companies. They agree with other authors such as Claudio Morana who states that both direct and indirect effects that came about because of consumption matters and technologies led to oil price volatilities (Morana, 2012, p. 2). Hence, the authors assert that between 1985 and 1994 there was a volatility in the price of oil as well as other non-oil commodities The two authors divided the article into six major parts. In the introduction, the authors introduce the trends in the volatility of the oil prices, the oil price shocks and the forces behind the volatility of the prices. In the introduction, the authors bring in a very important argument stating that the way competitive forces lead to an upsurge in oil prices, so do the factors that determine the availability and price of oil parallel the factors that determine other traded commodities (Institute for the 21st Century Energy, 2012, p. 2). In the next section titled ‘background and motivation,’ the authors look at the years before the 1985-1994 period and the manner in which oil prices were handled. The authors look at the failure of the major oil companies to set oil prices that led to the emergence of OPEC as the ultimate price determinant. They also look at the price of oil going into the 1980s period when OPEC was weakened by market forces in determining the price of oils. They point out 1983 as the most significant year when the transition to market forces happened and saw the creation of the New York Mercantile Exchange (NYMEX).