Technology

Information technology is defined as the means of processing data with the use of a computer and other forms of technologies from electronics, computing and telecommunications that could distribute information in digital and other forms. Parker Earth Moving Company Consulting needs to upgrade its current information technology department to keep pace with other competitors in the market. A major IT investment that needs to be adopted by the company is the introduction of the so-called point-of-sale (POS) or checkout which will manage the selling process for the firm through its terminal. The same system has also the capability of printing or creating order receipts. Another business aspect that needs to be upgraded with the help of the Information Technology department would be inventory management with specific focus on controlling raw materials, work-in process and finished goods. Modern inventory management systems that could be used by the firm include barcodes and radiofrequency identification tags or RFID that offer regular identification of the objects of the inventory (Toomey, 2000). Objects of the inventory could include any type of physical asset associated with the operations of the firm like consumables, merchandise, circulating tools, fixed assets, and capital equipments.

The company could also utilize the services of an invoice reader that comprises of software solutions for the entry of data of the accounts payable department of the business. With this software, the firm could achieve business process optimization performed through the automation of invoice processing. Validations executed on the invoice generally incorporate information about line items, vendors, purchase orders, bank accounts, goods receipts, and contacts information. Communications enabled application must also be incorporated within the information technology department to enhance its capability of receiving real-time information about the various activities of the firm like its constant communication with suppliers and customers. It could increase productivity and quality of experience of transacting with the firm.