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.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The Bureau of Information Resource Management and the Bureau of Overseas Building Operations, which maintains the tower, ensured that the climbers received the required training and safety briefings before the ascent to assess how tower maintainers keep it in working order.
Wells is a graduate of the US Army Command and General Staff College, the Naval War College, the Industrial College of the Armed Forces, and the Information Resource Management College.
The Kyrgyz side was represented by Deputy Director of the State Agency for Geology and Mineral Resources Ulanbek Ryskulov and Chief Specialist for the Information Resource Management Zinaida Shabolotova.
The 19 studies comprise the first volume of the International Journal of Information Technology and the Systems Approach (IJITSA), as well as a special issue of Information Resource Management Journal (IRMJ).
Beyond the basics of managing the career information resources within a Career Library--acquire, display, distribute--this text presents a professional model of information resource management which is described by the authors as a systems approach.
The contract involves supporting the State Department's Bureau of Information Resource Management Program Management and Analysis Directorate during its Global IT Modernization (GITM) programme.
The IT Internship at NAVSISA offers a wide range of IT courses including Information Resource Management, Software Acquisition Management, and Systems Acquisition Management.
* Bureau of Information Resource Management - Messaging Systems Mr.
The dual admission agreement between the two colleges includes general studies, psychology, organizational management, information resource management, legal studies, marketing, human resource management, finance, education, behavioral science, organizational dynamics, business management, nursing, and allied health.
We obtained information on the RHS loans and grants provided to communities, from October 1998 through April 2004, from databases maintained by USDA's Information Resource Management (IRM) in St.
Knowledge management (managing what employees know) and competitive intelligence (identifying and using strategic information about competitors) are two new areas that have developed to support corporate information resource management.

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