Lowe’s And Information Technology Management Essay

2337 words - 10 pages

Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base management system, five agent-based technologies, e-commerce and system development lifecycle. Furthermore, it will look at business continuity planning, emerging trends and security vulnerabilities relates to the organization to remain competitive.
Information Systems
Remaining Competitive
Lowe’s employs more than 260,000 people in more than 1830 stores; these employees are trained to provide exceptional customer service as well as receiving up-to-date product knowledge to assist customers with their improvement needs. In addition, Lowe’s has upgraded store information technology infrastructure to assist employees in accessing product data faster and easier. This is accomplished by providing the sales team with computers that have Internet access, and Ipad’s and Iphone’s loaded with specialized apps (Lowes, 2014).
Porter’s Five Forces Model
Threat of Entry. Lowe’s is the second largest home improvement retailer in the U.S. and is expanding into other countries. Their stores carry a wide variety of major brands with “40,000 products in stock, 500,000 items available online at Lowes.com and more than 500,000 more products available by Special Order” (Lowe's, 2014).
Rivalry. Home Depot, Ace Hardware and Menards are the biggest competition that Lowe’s faces. With Home Depot being the largest home improvement retailer, Lowe’s is continually expanding and eating away at Home Depots market share.
Threat of Substitutes. The threat of substitution is in the services available to consumers. Customers may choose to install their own products such as cabinets or plumbing fixtures rather than have a Lowe’s contractor perform the work.
Buying Power. Customers have a slight advantage since other retailers offering similar items. The way Lowe’s can separate them from the competition is to offer a product mix that appeals to both male and female needs.
Supplier Power. With a vast variety of products available to Lowe’s, the supplier power is low. Lowe’s can choose from different vendors the products mix that differ from their competition. In addition, entering contractual agreements with vendors helps in lowering this risk.
Supply Chain Management Systems
The Supply Chain Management System used at Lowe’s is a collaboration process. According to LeRoy Allen, Senior Vice President of Logistics for Lowe's Companies, as cited by Real Results Magazine (2012), Lowe’s has more than 3,000 suppliers and having effective communication with all of them is difficult. Providing them with key information helps them, not...

Find Another Essay On Lowe’s and Information Technology Management

Information Technology and Globalization Essay

1387 words - 6 pages In Globalization process technology is the main factor. I meant to say Information Technology. We have lot of examples how IT is effect on globalization. 25 years back in computer and telecom field they improved a lot in span of short time, which is access to economic potential and information. So later years this effect is on all areas of the economy. Can you imagine now any field without computer and internet? No right. So all these are in the

Information Technology and Society Essay

1052 words - 4 pages Information Technology has the potential to change societal structure and processes similar in scale to that of both the Agricultural Revolution and the Industrial Revolution. On this basis governments should ensure provision of Information Technology to all members of society as a matter of urgency. Discuss. Today, we are experiencing a technological revolution. There is nothing silent or stealthy about it – we are aware of new technology

Outsourcing and Information Technology

1829 words - 7 pages payroll, billing and customer services. Company that using this APSs application, do not have to hosting software and maintain it. 1.2 Information Technology (IT) Information technology (IT) is the technology component of an information system (IS) or the collection of the computing system in an organization. IT includes the use of computers and applications while transform the data into information and knowledge. There are many areas that apply IT

Management of information technology - IT550 - Assignment

736 words - 3 pages SWOT Analysis IT 550 Management of Information Technology The internal strengths of Vermont Teddy Bear Company as it pertains to the use of technology are firstly; their new Chief Information Officer has vast experience in several of the areas that the organization is seeking to improve. Also there are several employees within the IT department that have not only general expertise with the organization but also specialized expertise in the

Use of Information Technology in Operation Management

1764 words - 7 pages TABLE OF CONTENTS Introduction Analysis Conclusion Reference Introduction This report is to write about how Operation Management is employing more and more information technology, and in general this is being done to improve how organisations respond to the five objectives of Operations such as speed, flexibility, dependability, quality and costs. In this assignment, there will be an analysis of the technology available in different

comparison information system and information technology Unisel

1243 words - 5 pages of Information System Management UiTM and also to make comparison with Bachelor of Information Technology Knowledge Management in Unisel. The reasons chose is to make a comparison of this university because want to study the difference between public and private universities that offer almost the same cost. The reason to make this comparison is because of if there is a deficiency in UiTM in term of subject, may be UiTM can take a bit of what is

Information Technology and its Impact

959 words - 4 pages Known as information technology the use of computers and electronic computers to manage , process and share information , it is a tool that helps in daily life taking information almost anywhere and anytime . You only need to access internet or having commonly . This tool not only provides you with the information it contains , we can download it and have it stored on your computer or mobile device, you can also open the downloaded information

Information Technology and Small Business

675 words - 3 pages analysis. Normally a plan will also include specific Webdevelopment plans, back end, front end, tactics, programs, management responsibilities,promotion, and other elements. The plan for an expense budget is a bare minimum.Information Technology and Small BusinessEQUIPMENT PLANThe equipment need for the business needs to be the best that can the business can afford at the time of purchase. A small business will need to put desktop personal

Health Information and Technology. Innovations

1541 words - 6 pages approximately 24 million attendances at all departments in 2010/11 (Rightcare 2011). It is said that computerised records save time and with an increasing influx of patients, time becomes a valuable commodity in a busy healthcare setting. The use of EMR technology does not eliminate the need for paper records, however computerising and eternalising medical records makes them easily accessible and allows information to be in more than one place at once. From

Comair Information Systems and Technology

1075 words - 4 pages was a problem with the airline’s system which resulted in all flights being cancelled. All the passengers who were flying out for the vacations were stuck at the airport.INFORMATION SYSTEMSManagement Information Systems (MIS) are a set in computers which have been integrated to help the organization operate efficiently and effectively. With the help of these systems the employees can perform their daily tasks quickly. They can process any

Information and Communications Technology: Teleworking

2009 words - 8 pages Information and Communications Technology - the case of teleworking. =================================================================== Developments in information and communications technologies are having profound effects on employment in rural areas and also possibly on the competitive advantage of rural areas. This latter point will depend on the extent to which rural areas are able to 'capture a higher share of information and

Similar Essays

Human Resource Management And The Impact Of Information Technology

1491 words - 6 pages Human Resource Management and the Impact of Information Technology Is the impact of information technology changing Human Resource Management? Information, technology impact is changing the whole concept of how the work place is managed, and I will point out the changes and enhancements to Human Resource Management and the employees. The information technology can save everyone time and expense once he or she learns how to use it efficiently

Restaurant Management: Improving Information Technology Essay

952 words - 4 pages . Though this restaurant may look small, there is a need to equip it with the current technology so that more customers can be attracted and therefore the returns will increase. Almost every business is meant to be successful and at the same time fetch out more profits throughout its life time when in operation. This has been proved with the emergence of information systems and internet technology, termed as e-business, in which networking

Information And Communication Technology Essay

1270 words - 6 pages Information and Communication Technology refers to a group of terms. In this project management, we have various forms of technologies, these can be used to collect, store, edit and pass the information. Above all of these project management have divided into various types of groups.it is divided into five types, they are 1. Initiating. 2. Planning. 3. Executing. 4. Monitoring and Controlling. 5. Closing. In this project management, knowledge

Information And Communication Technology Essay

1481 words - 6 pages and performance, emphasizing that managers are often ill-equipped to address the organizational backlash created by the frequent job losses associated with offshoring. These losses are particularly felt in information technology organizations.Vygotsky's social development theory offers compelling implications for the recent explosion of virtual communities and social networking portals such as MySpace and Friendster. These communities enable