One way that technological advances have benefited organizations is the way that hardware and software systems allow businesses to control their inventory more precisely. Perpetual inventory systems immediately update inventory levels to assist managers in making wise inventory buying and pricing decisions. Managers, whether in a manufacturing or retail setting have daily, up-to-date knowledge of exactly where they stand inventory level wise. This helps to ensure they do not spend too much on inventory - inventory that sits in their warehouses (whether as raw materials or finished goods) that then incur unnecessary carrying costs.
A second way that technological advances have benefited organizations is in the managing and training of employees. Technology has allowed for the quicker processing of information related to hiring employees, and managing employee information and data for benefits, performance reviews, vacation time, and more. In addition, technology allows for online, interactive training of employees. It has enabled training at any time - even in the comfort of an employee's own home.
A third way that technological advances have benefited organizations is in the way that these entities engage with their customers and clients. The Internet in general, and email and social media in particular, allow for immediate conversation with customers/clients. Organizations can present new information, quickly, to these individuals. Customers and clients can, in turn, give immediate feedback to the organization concerning their products, services, policies, procedures, and anything else that concerns them as relates to how the organization affects them