Preview

Reinsurance Group of America and Fonterra: Going for Unified Global Operations

Powerful Essays
Open Document
Open Document
724 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Reinsurance Group of America and Fonterra: Going for Unified Global Operations
Case: Reinsurance Group of America and Fonterra: Going for Unified Global Operation

1. What is the business value of these global systems developments for the companies mentioned in the case?

The business value of these global system developments for the companies mentioned in the case is very high. In case of RGA, the employees can analyze data by client, contract, and product and can find client errors very easily. This has been made possible because data is not stored at one place. This is very important for supporting the reinsurance business. It has made it easy to manage the reinsurance business. The global system developments help RGA data validation and data quality. This enables better risk analysis, and retention analysis leading to greater profits. Similarly in case of Fonterra the upgrading of the Fonterra business so that that the silos at the diary group are of large stainless steel variety. The global systems program aimed at improving the supply chain of a diary giant from cow to manufacturing to storage to customers.

How did they achieve these benefits?

RGA achieved these benefits because it was relieved of the problem of worrying about how the business should be managed. In addition, the system helps strengthen data validation and data quality. These useful benefits were achieved by engaging the business and adapting its own practices to the demand of the situation. The company has achieved the benefits by setting up an integrated, multicurrency, and Multilanguage life reinsurance administration system called the CybeRe.

In case of Fonterra the benefits were achieved by setting it up an amalgam of the diary industry with self-contained business functions. The back-office functions of were consolidated globally within New Zealand into transactional services based in Hamilton.

What were the major obstacles they had to overcome?

The major obstacles that they had to overcome are that when business requirements were



References: Management Information Systems 10e James O 'Brien: Real World Case 4 - Reinsurance Group of America and Fonterra: Going for Unified Global Operations

You May Also Find These Documents Helpful

  • Better Essays

    Kudler Fine Foods

    • 938 Words
    • 4 Pages

    Kathy Kudler developed a business plan and open the doors of Kudler Fine Foods in 1998 in San Diego, California. Part of the initial business plan involved developing an accounting system. Kathy outsourced a consulting company, Smith System Consulting, to help select and install a retail enterprise management system (REMS). Smith System Consulting decided to install a modular and scalable retail management system (RMS). The REMS system implemented during the opening of the store is too slow to stay up with today's demands. Kudler needs an upgrade or an implementation of a new system. Windward System Five is the new accounting system needed to stay up with today's demands. Key features, core technology, benefits, and costs of the new system will decide the value of this new system to the company.…

    • 938 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Cmgt410 Team Paper Riordan

    • 4511 Words
    • 19 Pages

    Laudon, K. C., & Laudon, J. P. (2010). Management Information Systems (11th ed.). Upper Saddle River, NJ: Prentice Hall.…

    • 4511 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Global Limited is a global provider of infrastructure information systems, whose services cater to a wide range of industry sectors. One of Global Limited’s business objectives is information security for their clients. In order to provide their clients with information security, Global Limited has utilized a risk management approach to protect their client’s information.…

    • 515 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The main reason behind the development and implementation of a new system should be the value that it adds to the organization. No system, no matter how advanced or how many bells and whistles, is worth the cost in time and resources if it does not add value to the organization beyond the costs. For this reason, one business goal associated with this…

    • 688 Words
    • 3 Pages
    Good Essays
  • Good Essays

    It/205 Week 8 Checkpoint

    • 339 Words
    • 2 Pages

    References: Laudon, J. P., &Laudon, K. C. (2011).Essentials of management information systems (9th ed.). Upper Saddle River, NJ: Prentice Hall.…

    • 339 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Inf 220: Is Principles.

    • 1851 Words
    • 8 Pages

    Laudon, K., Laudon, J. (2009). Essentials of management information systems (8th Ed.). Upper Saddle River, NJ: Pearson Prentice Hall.…

    • 1851 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Case Study Electrimex

    • 1020 Words
    • 5 Pages

    Cited: Jenner, Stephen, San Diego State University. Electrimex. Selected Cases for Global Dimensions of Business. Ed. Lynn Nordbrock. McGraw-Hill Custom, 2002. Print.…

    • 1020 Words
    • 5 Pages
    Better Essays
  • Better Essays

    opportunities. This case is one where an integrated system was put in place for risk management…

    • 1529 Words
    • 9 Pages
    Better Essays
  • Best Essays

    In efforts to grow and improve, KFF has adapted several changes in technology that have created and aided business opportunities for the company. As communication amongst the three locations is essential to a productive and successful business, KFF has incorporated a Total Quality Management (TQM) and Just-in-Time systems coupled with Strategic Information Systems (SIS) and Cycle Time.…

    • 2278 Words
    • 10 Pages
    Best Essays
  • Satisfactory Essays

    Tytle

    • 312 Words
    • 2 Pages

    b. List the sources of difficulty and how those sources might have been prevented and overcome more successfully.…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Global operations can be very beneficial for businesses. Some of the benefits are that not only does operating globally offer a competitive advantage but it can also mean lower operating costs. For example, whether it be AT&T outsourcing customer service calls to India to save or it be Wal-Mart purchasing products that are made outside of the…

    • 585 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    In the age of increased globalization (refer to appendix 1.a, pg 12), and as many corporations are becoming international in scope and scale, organizations are faced with making radical restructuring choices in order to remain competitive and flexible in today’s environment. The impact of globalization has altered the manner in which businesses function and conduct their operations, and it has influenced virtually every area of business practice.…

    • 3835 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    For Alibaba

    • 1699 Words
    • 6 Pages

    References: Hymer, Stephen. 1970. Lecture notes distributed in Global Business Environment at The University of Birmingham U.K. on November 2014.…

    • 1699 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Organizations are always looking to expand, and if they find a way to do so, then most likely they will take advantage of it. It’s intriguing that many companies are choosing to take the global route. (1 PREMISE Interactions with others…

    • 677 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Advance AIS

    • 5009 Words
    • 21 Pages

    In this regard, the company decided to use a new information system as part of their business strategy. In 1990’s, this plan has been initiated as Craven Books invest in new integrated information systems that will include all business operations of the company, from ordering, to processing, accounting and warehousing. All in one information system which aims to ensure that they will provide quality service to their customers and to make their logistics be more dependable. However, upon implementation of such project, the company’s…

    • 5009 Words
    • 21 Pages
    Powerful Essays