information management

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information management

the process of gathering, processing and interpreting data both from the firm's external environment and from inside the firm, generally using the information technology provided by COMPUTERS.

All business functions such as production, marketing and distribution involve both physical tasks and parallel information-processing activities. Computers, communications devices and other information technology hardware can be deployed to perform routine accounting, record keeping and order processing functions cheaply and efficiently In addition to these basic data-processing tasks, information technology has enabled firms to collect more data than previously could be handled by the firm and subject it to more detailed analysis. This has the advantage of dovetailing production, marketing and distribution activities within the firm. In addition, greater communication with customers and suppliers through their computers facilitates closer relationships with these customers and suppliers, leading to, for example, just-in-time production and supply (see JUST-IN-TIME (JIT) SYSTEM). Such information technologies as COMPUTER-AIDED DESIGN and COMPUTER-AIDED MANUFACTURE facilitate the rapid development of new products or modification of existing products and the prompt production of such products through FLEXIBLE MANUFACTURING SYSTEMS, thereby allowing the firm to gain a COMPETITIVE ADVANTAGE by responding rapidly to changing customer requirements. See COMMUNICATION, BUSINESS PROCESS RE-ENGINEERING, INTERNET, ECOMMERCE, WORLD WIDE WEB, CUSTOMER RELATIONSHIP MANAGEMENT.

References in periodicals archive ?
Nausheen Zahra, a training participant from Muzaffargarh said, 'since I attended an IRM training programme for dress designing, it has changed my life altogether.
Following a comprehensive audit of the number -- and condition -- of all valves on a designated pipeline, IRMS logs and analyses the data, integrating it via the Vims into the operator's existing systems and processes.
The IRM contains first-time abate (FTA) procedures that allow IRS employees to remove failure-to-file, failure-to-pay, and failure-to-deposit penalties from a taxpayer's account if they meet certain criteria.
Albert will continue working with IRM board members to develop and provide sales and marketing educational support and programs for NAHB members, and engage building industry professionals in new marketing trends and techniques.
The rationale for using IRM is that the privacy information associated with data must travel along with it.
IRM green plan is focused on reducing waste, conserving energy, conducting green meetings and trainings by means of sustainable performance to lower the environmental impact of work.
The partnership will see IRM offer the supply and maintenance of certified lifesaving equipment to Qatar's onshore and offshore oil and gas industry.
Organizations face the risk of data loss when an employee moves to a competitor and, if IRM protection is enabled, this risk is effectively contained.
A preferred IRM solution will cover close to 100% of the document types used in everyday business activities across two or three vendors (and also offer easy conversion utilities for unsupported document types.
The reaffirmation of ratings takes into account the strong parent support enjoyed by IRM.
This judgment points out the weight which a local authority should give to the recommendations of the Independent Review Panel mechanism and that although the IRM does not provide an appeal procedure, it does provide an independent recommendation which should only be rejected if there are clear and cogent reasons for doing so.
The IRM is risk management's professional education body, a not-for-profit organisation governed by practising risk professions with strong links to leading universitites and schools across the world.