Preview

Excel Benefits

Satisfactory Essays
Open Document
Open Document
483 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Excel Benefits
Excel system
MIS 241-001

NC A&T State University

A. Define the competitive advantages of an Excel system in general.

An Excel system is very useful in the business world allowing many tasks to be overcome more effortlessly. One advantage is calculations enabling issues to be solved with few errors when dealing with placement of numbers and topic in there needed category; along with number placement there is also so many tools and formulas that make finding an answer so much easier, instead of inputting the mathematical calculations for hours on a piece of paper or entering a formula over and over again an excel system allows this process to be done all at once cutting down on redundancy and error.

B. Achieving competitive advantages using information systems.

When a company is involved with technology that company is thus allowed to grow and change when change is needed. Information systems are achieving this task thought out the business world, helping to improve efficiency and cutting down redundancy. This achievement over all allows many companies who are at the cutting edge and using technology to its full potential to have personal achievements of there own, a competitive advantage over there competitors. Technology for a company can be very helpful may it be cutting down cost, cutting down redundancy, improving efficiency and workflow or even allow visibility for improves about their competitors.

C. Achieving competitive advantages using Excel.

Excel has been in use for years within many businesses even still today; one main function of excel is it allows you to organize, manipulate, and change data that has been entered into excel. Over all for this reason excel can provided a competitive advantage if the data being recorded is used correctly in a way that can only improve business function. This data in turn can be produced into valuable information and used for business intelligence to improve on areas that are not

You May Also Find These Documents Helpful

  • Good Essays

     Spread sheet – This is used to calculate, store, sort and display information. This can be either presented electronically in Microsoft Excel or in books and single sheets.…

    • 1887 Words
    • 8 Pages
    Good Essays
  • Good Essays

    U42 P1

    • 574 Words
    • 3 Pages

    In this document I will be stating why your company should start to use Microsoft Excel for the business accounts instead of doing everything manually with the current pen and paper system.…

    • 574 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It206 Wk4 Scenarios

    • 918 Words
    • 4 Pages

    Make sure I understand what the user intends to do and what version of Excel the customer is using.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Tips for Pam and Sue

    • 1337 Words
    • 6 Pages

    Basic Excel skills you need are the ability to construct histograms and scatterplots, to create dummy variables, copying or moving columns of data in a spreadsheet, and the ability to use the Correlation and Regression facilities under Data Analysis (available when Analysis ToolPak has been added in). Remember that Analysis ToolPak requires contiguous ranges of data for correlation or regression.…

    • 1337 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Nt1310 Unit 1 Assignment 1

    • 1252 Words
    • 6 Pages

    Companies use information as a weapon in the battle to increase productivity, deliver quality products and services, maintain customer loyalty, and make sound decisions. Information technology can mean the difference between success and failure…

    • 1252 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Although Microsoft Excel is an acceptable platform for business, there are disadvantages to the program. When developing Microsoft Excel into a file, depending on the size, program execution may…

    • 745 Words
    • 3 Pages
    Good Essays
  • Better Essays

    I would also explain that Microsoft Excel can be used for more than just financial purposes. It will also allow the business to store and analyze other types of data as well. It can be used to graph and chart data to expose trends. It provides tools to aid in sorting and finding specific data, which will save the business a lot of time. The information stored in Excel can be integrated into web pages, electronic presentations, or it can be printed off in a report form.…

    • 1076 Words
    • 3 Pages
    Better Essays
  • Good Essays

    If you were to look at spreadsheet applications much like that of Microsoft Excel you probably already understand that by its design it is much easier to crunch numbers within these types of systems. Programs like Excel are highly known for and recommended for manipulating numbers and complex equations. That may seem to work fine for the time being when you are only dealing with a limited amount of data/ accounts. You will notice as time goes on that the number of spreadsheets that you will need to conduct business will greatly increase making it hard to manage the amount of these spreadsheets and it will make it harder to track your information later on ( ). On top of this you will find yourself having to do a lot more work to attempt to get these different spreadsheets to work hand in hand with one another making the task very frustrating to all the users involved.…

    • 817 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    TASK 3

    • 329 Words
    • 1 Page

    In my opinion, one of the many benefits of using spreadsheet to Fireball Technology company is it allows the company to carry out simple or complicated calculations using numerical data and formulae. The many functions Microsoft Excel provides such as tools to analyze and visualize data sets in accessible ways. If you have a set of data statistical, numerical or financial information, you can use a spreadsheet not only to store this data but also to manage it, perform analytical processing on it and present it. Spreadsheets provide complex processing in ways that even people with little technical experience can access.…

    • 329 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    In order to run an effective company you need to be organized and have something the consumer wants. IT systems can supply the organization required to advance the company to the forefront. After advancement naturally the company will grow and become a competitor in whatever the product being sold is, and this is where having the IT system will become a requirement to stay competitive. Once the company takes on the IT system and becomes organized it will be extremely hard and regressing to revert back to the “old way of doing things” this will in turn force the company to keep or improve their current IT system in order to keep up with other competitors. In the day and age that we live in with this face paced lifestyle with everything and anything at the consumer’s fingertips a company must evolve to suit the consumer. The consumer is what keeps any company in business and in order to be a competitor the company must be up to date with technology since the consumer will more than likely require these advancements. For example, if you went into a new coffee shop one morning and ordered your coffee and doughnut but while attempting to pay noticed the didn’t accept ATM or credit card and you had no cash well the coffee shop lost your business, and not by any fault of yours it is the companies fault for not staying up to date with technology which includes our IT systems.…

    • 272 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    A spreadsheet is an electronic worksheet made up of columns and rows of data. Spreadsheet software allows the user to “create, calculate, edit retrieve, modify, and print graphs, charts, reports, and spreadsheets” necessary for current business operations and in planning for the…

    • 253 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Microsoft Excel is an electronic spreadsheet. It can be used in several ways for several tasks. Excel is used to manage, store and calculate different types of information. One of the uses for Excel would be keeping track of a company’s warehouse inventory.…

    • 816 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Information technology benefits a business by allowing it to work more efficiently and effectively to maximise productivity.…

    • 2600 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    We will use Spread sheet for storing, calculating, filtering, verifying, sorting, displaying, creating graphic charts etc. . . . Its use is much extended now days to show large amount of data. We can use spread sheet electronically or be printed for show.…

    • 3504 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Information systems aid businesses in developing a larger number of value added-systems in the company. For example, a company can integrate information systems with the manufacturing cycle to ensure that the output it produces complies…

    • 721 Words
    • 3 Pages
    Good Essays