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Mis in the Trade Industry

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Submitted By Priya12345
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Describe the industry within with the organisation operates, and identify and describe the following:- a) The role Information Systems (IS) currently play in the industry. b) The changes within Information Systems which are contributing to changes within the industry and how?

THE TRADE INDUSTRY

The Traditional Trade Industry

The Trade Industry contributes to a significant amount Gross Domestic Product (GDP) in countries. In the 1900’s the trade industry was costly and time consuming for good to leave one border to another. The trade industry was termed one of cargo shipping and container trucking.

Global Trade Industry (Modern)

A revolution has slowly been taking place where technology and Information Systems are being added to the International Trade Industry. State of the art Port with High Tech machinery is being added to the developed countries such as The United States of America. Software are used to track the movement of goods and also inventory levels. The Modern Trade Industry is making Global Trade more visible, efficient and flexible.

Local Trade Industry
Trinidad and Tobago is a small and developing country faced with exacerbated effects of Information Systems Changes in The Trade Industry. Trinidad and Tobago currently trades locally, regionally and internationally. The economy is importing more that it is exporting. The challenges the Trade Industry in Trinidad and Tobago faces are keeping up with the effects of technology and Information Systems in the Trade Industry internally..

Local Players (Organizations) in the Local Trade Industry
Evolving TecKnolgies and Enterprise Development Company is a significant player in the Trade Industry. e TecK is promotion agency the promotes local and international business men with opportunities to set up business for the purposes of trading. Under e teck there are two

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