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 ?
While this suggestion makes sense for discipline areas, how is assessment for a multi-disciplinary skill such as information management "bought into" by teaching faculty?
We're bringing in new integrated solutions and a new focus to how we do business," said John Smith, Deputy Chief of Staff for Information Management.
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By partnering with third parties having core competency in information management, we can bring large-scale operating efficiencies and improved technologies to these critical Xerox functions," Wallington said.
The goal of this evaluation is to establish the feasibility for ensuring the delivery of world-class Information Management services to our internal customers through a third-party partnership," said Patricia M.
Hewitt will discuss the challenges faced by today's complex, highly regulated organizations and how Kalido's active information management solutions can help businesses react and respond in today's dynamic business environment.
Turnkey Records and Information Management Systems on a Budget
A division of Seattle-based Shurgard Storage, one of the largest storage companies in the United States, Shurgard Information Management Systems (SIMS) provides information management services and storage of critical business documents for a number of the Northwest's top corporations, law firms, accounting firms and municipalities.

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