ICT in business
- Created by: Rachel Gilpin
- Created on: 26-04-16 22:10
View mindmap
- ITC
- Spreadsheets display numerical information
- Save time because once formulae are entered, the calculations are done automatically
- Can easily do 'What-if' analysis
- No errors made unless incorrect data is entered
- Accounting software
- Automatically send invoices to customers
- Encourages customers to pay promptly
- Saves time
- Automatically reorders stock when it reaches a certain point
- Reduces risk of having no stock
- Reduces money tied up in stock - only orders when needed
- Can identify which items are selling well/ badly
- Automatically send invoices to customers
- Stating that it is 'Qucik and easy' will get low marks! Why it is an advantage must be explained
- Spreadsheets display numerical information
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