How Information Aids Decision Making:
- More relevant information
- Information allows a manager to take remedial action
- Simulation can be performed - 'What If' scenarios
Using Information to Monitor Progress:
- Companies can use ICT to see how well they are doing against set targets
- Monthly sales figures can be compared with others from other years
Using Information for Targeting of Resources:
- Resources include money, human resources, time, hardware, software and materials
- ICT can be used for creating production schedules, planning projects and stock control systems
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