Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

required to use the following case study and complete the tasks that are listed at the end of it and submit your answers as a report.

'Ready To Eat'
'Ready To Eat' (RTE) is a small business owned and run by Rebecca Smith, single mother of three, in the coastal town of Yowie 200 kilometres away from the state capital city. RTE prepares and supplies pre-packed healthy meals.
Rebecca realised a need for healthy pre-packed meals in her town for locals and also for tourists and started the business in her own kitchen in 2000 with one kitchen-hand who was also the delivery person. The meals' variety was put together by a qualified nutrition specialist. The meals were packed and delivered on a daily basis to participating local businesses such as service stations, gyms, and corner shops. Sometimes, there were also lunch orders from local offices in CBD area. In the beginning, the business was slow but soon progressed further and started making a nice profit.
RTE operates seven days a week and the kitchen staff work from 6am to 2pm and the delivery staff from 9am to 5pm. The business does not operate on public holidays. Over the years, Rebecca thought many times about opening the business on public holidays as well due to more visitors in the town on these days, but could not decide as she wanted to spend public holidays with her family. Also, being the main person in the managing role, it would have been difficult to open the business and not being contactable.
Rebecca had done a business management certificate course which helped her in setting up the business. Later, she bought a personal computer (PC) with essential business and productivity software and managed the business quite nicely by keeping a grip on customers' details, meals variety and pricing information, wages, details of fruits and vegetables and other raw material, packaging material, other overheads, invoices and calculating the financial figures.
Last year, the demand for the pre-packed meals had grown to a level that Rebecca had to hire three more staff in the kitchen and also one full-time delivery person, making it six staff altogether including Rebecca. It was getting difficult for Rebecca to run operations smoothly with the existing PC and the software. She was also having difficulty in managing the pricing information and raw material (as the varieties had increased) and communicating with the customers. It was not just the PC and the software, but also she did not have enough time to do things she used to when the business was quite small.
Lately, a competitor has come in the market; another small business owned by a regional company and started to challenge RTE's products. With Rebecca's problems in managing the business, the competitor has started to take some business away from RTE. Rebecca realised she had to do something to keep a grip on things as she used to. Rebecca knew that computers could help her in managing the business well, but did not know much about them and how computers may be helpful. So, she contacted a local IT consulting company which is owned and run by you.
The tasks are on the next page.


Tasks
Complete the following tasks and submit your answers as report. Make sure to follow the requirements and report structure mentioned below under a separate heading.
As the business/IT consultant, you need to advise Rebecca Smith on possibilities that would best suit the requirements. She will need advice on what types of information systems can help the business and how the introduction of information systems will impact the business. You need to write a report which should cover the following tasks:

1. Define information systems; explain how they work; and describe their benefits for business. What types of information systems could be used to support RTE?
2. Explain how these information systems could help RTE in managing the business. How will the introduction of information systems affect management decision-making?
3. Use Porter's Competitive Forces Model to explain how these information systems could be used to gain competitive advantages.
4. What are the information requirements of RTE? What business processes should RTE consider making computerised? Why?
5. Explain how collaboration and communication among key stakeholders could be supported using information systems. Explain the use of computer networks (intranets and extranets) and the Internet to serve their needs.
6. What management challenges will affect organisational change during the implementation of the computerised information system?
7. State and explain the security and ethical issues may arise from the introduction of information systems in the business? 

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9445097

Have any Question?


Related Questions in Accounting Basics

Question - a building classified as part of ppe is

Question - A building classified as part of PPE is accounted for differently from a building classified as Investment Property. The cost and fair value models are available for both, but whereas PPE is depreciated under ...

Question - marvin services corporation had the following

Question - Marvin Services Corporation had the following accounts and balances: Accounts payable $12,000 Equipment $14,000Accounts receivable 2,000 Land14,000 Buildings? Unearned service revenue 4,000 Cash 6,000 Total st ...

Question purpose of assignmentthis assignment asks you to

Question: Purpose of Assignment This assignment asks you to describe a new business you'd like to start, as well as the advantages and disadvantages of starting a business from scratch versus buying an existing business. ...

Question - bubbles cos reported 2018 beginning inventory of

Question - Bubbles Co's reported 2018 beginning inventory of $1,800,000, purchases of $9,000,000, and sales of $11,400,000. A physical inventory count at 12/31/2018 reported ending inventory of $2,100,000. Bubbles' gross ...

Question in anticipation of marys request for comparative

Question: In anticipation of Mary's request for comparative analysis, it will be useful at this time to do some research. You know that you can obtain the financials of companies within the same sector or Standard Indust ...

Question my choice is starbucksaccess each of the social

Question: My choice is Starbucks Access each of the social media pages for the brand you have selected (Facebook, Twitter, Instagram, etc.). Provide an assessment of the effectiveness of the social media sites: number of ...

Management accounting assignment -assignment topic -

Management Accounting Assignment - Assignment Topic - Management Accounting Principles and Effective Planning Tools for Managing Accounts Aim of this assignment - The overall aim of this unit is to introduce the fundamen ...

Question - bunnell corporation is a manufacturer that uses

Question - Bunnell Corporation is a manufacturer that uses job-order costing. On January 1, the company's inventory balances were as follows: Raw materials $66,000 Work in process$33,600 Finished goods$38,400 The company ...

Questions -q1 at december 31 2018 lyndseys boutique had

Questions - Q1. At December 31, 2018, Lyndsey's Boutique had 1,000 gift certificates outstanding, which had been sold to customers during 2018 for $75 each. Lyndsey's business operates on a gross profit of 60 percent of ...

Assignment 1 discussion-predicting and developing a

Assignment 1: Discussion-Predicting and Developing a Long-Term Growth Strategy To develop a strategic plan, as a nonaccounting manager, you need to analyze and link management accounting data and performance information ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As