4.3.2 - The Internet - Online Databases
- Created by: Annie
- Created on: 18-04-13 21:57
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- Online Databases
- A database which can be accessed by many users via the internet
- Databases can automatically connect with each other using EDI
- This allows for products to be reordered
- Principle Uses
- Product/Stock databases
- Database of customer orders (order history)
- Advantages
- Efficiency
- Automatic processing means that it is always up-to-date
- Less stock-outs, re-working of orders and cancellation
- Improved cashflow
- Speed and Accuracy
- Transactions can be done immediately, taking only 10 minutes to do
- Paper transactions may take up to 5 days
- As the computer does most of the work, there is very little paper work and huma-made errors
- Transactions can be done immediately, taking only 10 minutes to do
- Strategic Decisions
- Time is shortened on product enhancements and product delivery
- Enables a real-time visibility into a transaction
- Cost
- There are less paper resources to supply and can save money on orders
- The grocery sector saves £650 million on EDI
- Efficiency
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