Coca-Cola is the worlds largest beverage company. They sell their products in almost 200 countries all over the world. Due to its size, monitoring the finances and logistics of their global enterprise is crucial and having the right kind of information system can mean the difference between success and failure.
They started out with an old system called the legacy system. This turned out to be very inefficient, it was not user friendly and a lot of costs were incurred because of these problems. They also did their financial plans manually on spreadsheets and were submitted as hard copies. This made it very difficult to update information and was a very big issue as they began to expand globally.
As they were growing an integrated business management system was needed to handle the different aspects of their worldwide corporation. They decided to incorporate Strategic Enterprise Management (SEM). This provided them with business planning for finances, data warehousing for information collection and data analysis, and can also generate financial reports and monthly sales forecasts. This information system is now fully implemented in the company and all the data it collects provides baseline information so that Coca-Cola can track the financial health and growth of the company.
Different types of information systems are needed for different companies. Each company has individual needs and requirements and finding the right information system to suit your company is crucial to succeed and compete in a market. As I’ve said before, it can mean the difference between success and failure.