PRESENTATION ON ADOPTION OF TECHNOLOGY AND ITS IMPACT ON BUSINESS

PRESENTED BY: Nimesh Kevlani Chandan Kathuria Anil Lalvani

Pooja Bhatia Nayantara Adesara Divya Dhawani

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WHAT IS TECHNOLOGY?
Technology basically means utilization of materials and processes necessary to transform inputs into outputs.

WHAT IS TECHNOLOGICAL ADOPTION?

Technological adoption is the process of making the technology fit for the organization It is customized significantly to match the socio economic and technological situation of the user.
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TECHNOLOGICAL ADOPTION AT WELSPUN :

Welspun uses advanced technology for its production of towels, bed sheets, napkins, etc. All the machines which are used in the production process are fully automatic which requires minimum manpower

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WHY FULLY AUTOMATED AND COSTLY MACHINES?

They wanted a dominance in the market They are speedier They are more efficient Productivity is higher Quality is better
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It has got sensors alarms. It stops the production by itself whenever any problem occurs Reduces manpower Rejection of defective goods and stoppage in between is very less

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TECHNOLOGICAL UP GRADATION AT JMD. OILS PVT. LTD.

 Extrusion blow molding It is a one stage process mainly suitable for small production runs Preform for making bottles was purchased locally from suppliers
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SWITCHING OF THE PROCESSES

Then JMD upgraded its technology from one stage to two stage process of bottle making Stretch blow molding process two stage process for making preform as well as bottles

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PARTICULARS Rs. Purchase price of one preform 2.00 -Production cost of one preform 1.88 Savings to company per preform 0.12 Savings to company on 1 kg (48 5.76 pieces) Savings per day 2400 Savings per year 864000
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ADVANTAGES OF TWO STAGE PROCESS

Reduces dependency on suppliers Superior quality Reduces cost No delay in delivery

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TECHNOLOGICAL UPGRADATION AT HUL :

INTRODUCTION OF SAP :

SAP is a fully integrated Enterprise Resource Planning software package which links all business activities of an organization. The core functions in any organization like Material Management , Production Planning, Financial Planning and Sales and Distribution can be easily integrated by using SAP
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SAP's products focus on Enterprise Resource Planning (ERP), which it helped to pioneer. ERP is such a strategic tool, which helps the company to gain competitive edge by integrating all business processes and optimizing the resources available.

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BENEFITS OF SAP :
Introduction of SAP has ensured the reduction in duplication of data SAP minimizes the cost of maintaining high inventory level. Information is available on Real Time basis Transaction recorded are automatically posted into general ledger eliminating the need for reconciliation. Better use of organization resources
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Lower operating cost Proactive decision making Decentralization decision making Enhanced customer satisfaction Balance sheet is updated online for every transaction. It has a common data base server. It is a user friendly system.
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INTRODUCTION OF COMPUTERIZED SYSTEM AT IFFCO

NEED FOR COMPUTERIZATION Large volumes of data Transparency & record keeping is a must in co-operative organization. There are large number of reports required to be prepared like sales report, payment reports, inventory report, etc
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CHALLENGES FACED DURING THE ADOPTION OF THIS COMPUTERIZED SYSTEM.

Field officers were not computer savvy Connectivity and power shortage in remote locations ERP system very costly and needed customization
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VIKAS SOFTWARE DESIGNED FOR FIELD OFFICERS

System engineer in each zone customized the centrally developed software And enthusiastic field officers were selected for implementation initially Training was given to area accountants and nodal officers were appointed to assist and monitor the field officers
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EFFECTS OF VIKAS
The field officers enters the required data on receipts, payments and sales Then transfers to the state office servers Then computer generates required reports And the data automatically gets consolidated at area and state level

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