Implementing electronic document and record management systems. Samsung company Essay

Samsung is a multinational conglomerate companionship hardened in Samsung town, S proscribedh Korea. I work in the sales and merchandising department where I manage six staff members. I am in like manner in charge of clement, finance and somatogenic resources guidance which jockstrap me to achieve the objectives. Management requires ageless inducement and programning. Other resources usually utilize by motorbuss to achieve their objectives implicate forcible resources much(prenominal) as equipment, computers, tools, land, vehicles and buildings. clement resources include personal and partner skills, team morale, workers experience, workers loyalty, employees skills and competence, as rise as team work morals. Financial resources mandatory include talent to raise m whizy, cash, current credit availability, cash equivalents and credit lines with pecuniary institutions (Liao, 2009).In order to identify the type and quantity of resources required in Samsung, the come with analyses the business plans and cargonfully breakdown its objectives in the resources required to achieve them. Samsung plans to win $400 billion in sales by 2020 thus the confederation may need benignant resources of sales person with extensive sales experience, high work ethnic and customer contact details. The connection requires somatogenetic resources such as computer, vehicle, and wandering(a) phone. Finally, the confederacy might require $X cash to finance the selling expenses and the wages until break-even point is achieved. Listing and summarizing the resources required to achieve ein truth objective is vital since it devolve encapable the fraternity to have all the required resources.Samsung new strategy and vision include finding new markets for their high technology electronic goods. Samsung overly strive to serious a competitive advantage in businesses such as mobile hand set, memory chips, and LCD panels. Samsung also Endeavour to follow a market driven system by studying consumer preferences. Samsung lays more efforts in finding the required resources to achieve their objectives. This will visualise the social club becomes one of the ten summit companies in the world in stipulations of annual sales (Barcelo, 2007). childbed 2Resource Time frame Quantity woo/budgetHuman resource histrions knowledgeWorkers experience & proficiencyTeam drivePanel moralsEmployee reliabilityPrivate & cohort skills12 months Samsung Electronics overall global use level stands at 161,700, which is broken down into 84,464 workers in Korea (80,084 regular employees, 900 m some other workers, 3,356 medical internship employees and 124 in other categories) and 77,236 in foreign countries(65,746 regular laborers2,008 contract employees, 4,483 intern employees and 4,999 short-term workers) $x cashPhysical resourcesToolsVehiclesEquipmentLandBuildingsComputers12 months subdue number of physical resources. $y cash The objectives should be smart. This implies that they ar specific, measurable, acceptable, and true to life(predicate) and can be achieved within a given time frame. Targets atomic number 18 precise polar in a business since either stakeholder of the troupe knows what they should achieve and when they need to achieve the objective. Planning involves determining the number and competence of the employees to be hired in different departments. The manager then portions responsibilities to the workers depending on their skills and experience. Team morale and team morals are other crucial factors to consider. The federation should change rapidly owing to the fact that the world is experiencing couch changes. In order to achieve the objectives the manager should acknowledge the need for unending revision and integration of the existing skills. Managers should know how to motivate their employees as hygienic as building an grab team (Autry & Goldsby, 2013).The manager should also allocate the resources pa rtakely and in a transparent manner. The objective should align with the beau monde strategy as intimately as ensuring that the company maintains competitive advantage. The manager should choose an appropriate set of human and physical resources since they are real vital in planning process aimed at achieving the company objective. Employees who are experienced and competent will work appropriately such that they will not incur extra toll apart from their wages. This will get wind that the company reduces their expenses. On the other hand, appropriate allotment of physical resources such as machine, decent and strategicalally placed working areas, tools and equipment will check up on that workers have adequate equipments which will lead to an increase in productivity. Samsung ships company will be able to achieve its objective by step-down costs while increasing its sales and annual revenue (Liao, 2009). see and competent employees have good customer relations which will picture that the company will wait the existing customers as well as attract more customers. Skilled and highly motivated employees will lead to production of superior products which will attract more customers. Proper allocation of physical resources will ensure that the company has excellent customer service, and change magnitude customer loyalty. Samsung does not involve their employees in long working hours since they deal in innovation instead of command or control. They believe that their employees are competent and thus by employing the required resources, they will be able to produce high-tech digital products. The managers also believe in constant development and investment which will enable them to achieve their objectives. The associated costs to human resources is the wages to the employees while costs incurred in physical resources is the cost of tools and equipments, as well as the cost of building and maintenance of the company (Barcelo, 2007). working class 3 The company hires employees from all over the world. The hiring process is transparent and provides equal chances to experienced and highly skilled workers. Samsung plans to invest more in human resources since its digital and innovative management depends on its highly trained employees. The company should also invest more in training programs. The company should also allocate more funds to equipments, training and education programs. Hiring qualified military unit will ensure production of high quality products as well as growth of technology innovation. This will enable the company to retain its competitive advantage. Samsung usually purchase its equipments abroad. New equipment calls for highly skilled employees to hightail it the machines.Physical resources include tangible resources they include the manufacturing plant equipments, land, and equipments. Samsung is based in China with almost 78 other branches in other countries. Samsung is the steer company in technology and they are famous as producers of high-tech digital products. Production resources include information technology resources and production resources. The company should invest more in physical products since they help in manufacturing of the products. The company should invest more in educating and training the employees which enables to have reliable cede of human resources. To ensure constant supplying of the physical resources, the company should ensure that the company has competent and high skilled workers who are able to develop software and other integrated products that will attract customers. The company should also provide adequate plant equipments as well as adequate land to build more joint companies (Bowersox & Cooper, 2007).Task 4 issue management is more than acquiring goods and services at an appropriate price. It involves recognizing doable disruptions to the supply chain and taking necessary approach to alleviate them. in that location are several steps that the company applies to develop a plan for dealing with potential supply disruptions. The company identifies the life cycle of every service and product that the company manufactures. Samsung Company chairman is famous for his prediction and deciding power. This is very crucial to the company since it enable it access the financial impact that can be caused by supply disruption (Autry & Goldsby, 2013). depict risk is an external risk which is the disturbances to the flow of product within the company supply chain. The company is very keen on the supplier base. The company is able to identify every raw material needed, recognize the strategic suppliers to the company and recognize strategic raw materials. The company is also more focused to vulnerability where the company identifies the probable risks to take place, their cause and the likely remedies. The company also recognizes the probable implications of the supply disruptions by good ground of the vulnerable risks. Mitigation is whereby the company set targets and goals and how to accomplish them. For example, if there is supply disruption of material A, purchase orders will be placed with resource supply source within 24 hours to ensure there is no disruption of supply of material A (Autry & Goldsby, 2013).The company also uses cost and benefit analysis to assess risk and uncertainty. This helps the company to measure the quantify at risk. The company thus implements appropriate actions and measures to combat the supply disruptions at all levels in the company. Appropriate handling of the supply disruptions has enabled the growth of Samsung Company.Task 5 The company understanding of risk and uncertainty helps them in determination making regarding account book management. The company is able to make informed choices regarding security department and privacy policies that they use in the company. Regardless of the format, human and physical resources are subject to the risk of inappropriate acc ess. The company records both human and physical resources in stem and electronic records. Human resources and physical resources records are very risky and should be subject to inappropriate access to avoid alterations and other modifications.Paper records of human and physical resources are susceptible to intentional and accidental inappropriate access and thus they should be secured by isolating records into tell protected storage locations, recording sign in and sign out programs, and restricting physical access to storage areas. Electronic records of human and physical resources can also be risky but the company has come up with necessary measures to combat the inappropriate of electronic records. The company develops measured to prevent hacker bypass access and control of user credentials. The paper records deteriorate slowly necessitating regular creation of new copies. Electronic records on the other hand can degrade disastrously calling for appropriate computing technolo gies. The loss of information might be very pricy since sometimes it might be impossible to retrieve the lost selective information (Adam, 2008).The risk of losing human resources entropy and physical data makes the company very cautious when it comes to the issue of handling paper and electronic records. The company keeps modify the records of human and physical resources which will enable future use of the data to enable the company achieve its objectives. Human and physical records are very crucial since they will be used to Plan Companys future of expansion. However, the company should be aware of the vulnerable risks that can materialize and thus come up with appropriate reforms for sustainability.ReferencesAdam, A. (2008). Implementing electronic document and record management systems. Boca Raton Auerbach Publications.Autry, C. W., & Goldsby, T. J. (2013). Global macrotrends and their impact on supply chain management Strategies for gaining competitive advantage. Upper Sadd le River, New Jersey FT Press.Barcelo, D. (2007). sustainable management of sediment resources. Amsterdam Elsevier.Bowersox, D. J., Closs, D. J., & Cooper, M. B. (2007). Supply chain logistics management (2nd ed.). Boston, Mass. McGraw-Hill/Irwin.Liao, H. (2009). look in personnel and human resources management. Bingley Emerald/Jai.Source document