business organizations for strategic advantage?
EXTRANET is one of the types of private networks which make use of internet technology and other telecommunication methods and different kind of systems in order to communicate and share the private and confidential data to the vendors associated with partners, customers, business firm and other collaborating companies. Extranet is the extended version of intranet.
The main purpose of this technology is to let the outsiders for the firm to communicate with the organization as when required.
HOW EXTRANET WORKS?
Extranet is the extension of intranet. The only difference is that intranet doesn’t allows external organizations and companies to see the data available online of the typical firm but in extranet people form
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The more you make timely and accurate information available to your customers, the more you will able to keep your business.
• INCREASED PRODUCTIVITY: As you automate processes that were traditionally done manually, your company’s productivity will increase. Critical information won’t get lost in the mail box and busy employees won’t forget the key events.
• REDUCED INVENTORY: One of the hallmarks of business to business (B2B) extranet is its impact on supply chain management. By linking your inventory system directly to a supplier, you can process order as soon as the system knows you need them, thus reducing the stock you keep on hand and making the procurement process more efficient.
ADVANTAGES OF EXTRANET
Benefits can depend to a large degree on your reasons for introducing the extranet in the first place. However, the types of benefits that organizations using extranets typically experience include:
• More integrated supply chains through the use of online ordering, order tracking and inventory management.
• Reduced cost by making manuals and technical documentation available online to trading partners and
This has increased efficiency and consistency as well as made it possible to apply some of the business strategies like just in time to solve the manufacturing process issues.
Technological developments and improvements have allowed for businesses to communicate information faster and better by the use of email, live chats, and video teleconferencing. These enhancements allow for a faster flow of information in which a business can easily distribute and receive responses in real-time from its customers. It helps employees to function more efficiently by using software programs such as word processing, spreadsheet tools, statistical analysis software and computer aided design programs. With the growth of the internet and social media, businesses expose its products to a larger customer base. Others advances such as inventory management software are able to track and fill orders, and replace stock when the volume fails a pre-determined quantity at much faster rates. Digital storage of documents and information on servers and multi-media storage
The customer support and customer service functions are more than departments; they are part of an essential strategy for growing your business. In the modern business climate, customers expect answers to their questions immediately. When the right information is available anytime, from anywhere in the world, customers are more likely to have a positive experience, thus customer loyalty will be increased. It is a known fact that the cost to obtain a customer is ten times higher than to maintain and keep existing customers. (Gouran, Dennis, W.E. Wiethoff, & J.A. Doelger. (1994). Mastering communication. 2nd ed. Boston: Allyn and Bacon.) Not in Reference Pg.
Understanding the changes in the market and the growth of e-commerce prompted the organization to invest heavily in its supply chain management forecasting and management system. The development of a network of distribution centers and Direct Fulfillment Centers to position the company to capitalize on the growing e-commerce market indicate a strong understanding of the need to adapt to changing market forces. The company spent over $300 million on new distribution center facilities in 2014 alone, and continues to expand to maintain efficiency in product movement (Cassidy,
Moreover, VPN allows the creation a secure private network over a public network such as the Internet.
Answer: A subnet is a logical grouping of network devices. which mention which hosts a part of a sub network number are come with the subnet is divided into their respective networks virtually defined sections allows the administrator to gain a lot of network subnets. When there as any organization network divided i nto subnets allows it to be connected to the Internet with a single shared network address. Subnets outside an organization can obtain multiple Internet Correspondence between subnet masks and IP address ranges defined mathematical formulas. Professionals use calculators subnet masks and mapping between addresses .. There are many advantages subnet are as follows.
‘Supply chain management integrates supply and demand management within and across companies. It encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, thir- party service providers, and customers’. (Web: Council for Supply Chain Management Pr...
Thus, customers can get and receive information from each other instead of communicating to the corporations or the companies and as result they can easily spread information about company products as well as information about new arrivals
As director of Supply Chain Systems, I have decided to implement the new supply chain strategy of Virtual Integration, and model its supply chain after companies like Dell. Although there are several key differences between the companies, Dell’s direct business approach can be applied to every facet of Ford’s operation. Special care will need to be taken to address the unique dependency of our custom “tier- one” suppliers. A modification of the virtual integration system currently used by Dell could be applied to Ford’s dependent supplier base, while the management of lower tier suppliers of general or generic components would be more effectively suited by the standard procedures used by Dell.
All of these methods of technology play a vital role in a business sector. The business communication is incredibly impacted by computer devices such as these due to the leverage of communicating with its staff members, stakeholders, and the global market industries known around the world. My first choice the internet is “a rapidly growing computer-based networking system that attracts millions of organizations, firms, schools and governmental networking systems around the world in several different regions of the world (O’brien & Marakas, 2009).” The internet permits business to conduct business in a larger arena that is internationally based opposed to Duckett’s local business. This method of an international approach will allow the owner to monitor other competitors within the same industry. My second, choice is the intranet, which is similar to the internet form of technology “inside the corporation (O’brien & Marakas, 2009),” which means the company can successfully collaborate with others by communicating with their colleagues using an internal method. For example, Educational systems utilize intranets as a method for including everyone within the educational system to send out massive email announcements as alerts for upcoming training and other protocol tactics that everyone in the school system should be made aware of to promote growth. The objective is to increase communication skills successfully to personalized contacts, one-on-one meetings, phone calls, and emails are critical ways to communicate while conducting business. The final choice is extranet, which is also similar to the internet; however, it is “between venture and its stakeholder (O’brien & Marakas, 2009).” The extranet can be used to conduct data and professional development, this type of information or data is essential because it accesses the overall
...vantage of the overall network design and implement usable subnets with virtual local area networks. Use encryption and encapsulation to secure communications of public segments to enable extranets and cross-Internet company traffic. Use items such as intrusion detection systems and firewalls to keep unauthorized users out and monitor activity. Taken together, these pieces can make a secure network that is efficient, manageable, and effective.
In a business, communication not only takes place between the business and their buying customers, but also with their suppliers, within themselves and all of the stakeholders involved in the business. This includes all of the internal and external customers.
Will facilitate the employees to get a better understanding of the working of the company.
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
* Telnet or remote login. Permits your computer to log onto another computer and use it as if you were there.