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 ?
IRM, however, retained and retrained the current staff, especially after the Department decided to develop the SMART application in-house.
In 2009 and 2010, the IRS amended the IRM, instructing its examiners (1) not to disclose to a taxpayer or the taxpayer's representative that the investigation has been referred to the IRS's Criminal Investigation Division, (35) and (2) to continue the civil examination while concurrently working closely with the IRS criminal agents.
To illustrate, IRM developed an EPRS for a client responsible for a remote deepwater pipeline in Asia Pacific.
To identify recipient schools, IRM Nairobi actively worked with American Presence Officer for the Kenyan Coastal Region Heather Fabrikant and Cultural Affairs Officer Meghan Larson-Kone.
IRM Chairman Humayun Khan claimed that 'IRM is bound to register many more successes in the field of training and community development.'
With such terms in mind, tax executives should reacquaint themselves with IRM 4.46.1.4 (Principles of Collaboration) and IRM 4.46.1.4.3 (Elevating Issue Concerns) and consider the organizational structure of LB&I if they seek to successfully manage U.S.
For this example, the IRM states that "[t]he consideration of the 2007 issue is not an audit of 2007 and a 2007 revenue agent report (RAR) is not required ...
"We are excited to announce Seclore's IRMaaS for SOLIDWORKS at this year's SOLIDWORKS World event, and we welcome early adopters to take advantage of the new IRM service."
Exton, PA, October 06, 2016 --(PR.com)-- Frank Haarlander, an Exton CPA, who specializes in resolving IRS tax problems, says that the IRS has revised its Internal Revenue Manual (IRM) regarding Appeals Conferences and those changes may negatively impact taxpayers.
IRM Systems has introduced the Valve Integrity Management Solution (VIMS[R]) to maintain critical pipeline valves to the highest performance standards and criteria.
IRM Systems is dedicated to helping pipeline operators and owners understand, mitigate and manage risks that could damage or interrupt the operation of critical pipeline networks.