The Electronic Submission Process and the Security Measures - Assignment Example

Download file to see previous pages  The platforms which are used by the companies for the purpose of taking necessary documents differ according to the requirements. The differences may be in the form of security measure or it may appear in the form of interface display. The technology usually used to carry out electronic submission is Electronic data interchange (EDI). It acts as a platform between several computer applications related to the understanding of the transmitted document. One of the biggest advantages of having electronic submission is that it not only increases the transfer speed but also reduces the cost to a great extent. Moreover, in the physical submission process, there is concern over the management of queue, but such issues have been completely evaded with the implementation of the electronic submission process (Nih, 2005). Although there are several advantages of electronic submission, there are few concerns as well. One of the major problems emerges in the form of security threat. Since the entire process is carried out over the digital networks; there is always a possibility of data theft. Phishing and hacking are the common terms that have been associated with the digital transaction process. However, in order to get rid of these issues, companies or the authorities have taken several measures. One such measure is the implementation of firewall and anti-hacking application, which helps in preventing data loss thereby increasing the safety and security to a large extent. It has a number of advantages over the paper systems. It reduces the cost of a company by providing an alternative to replace information flow that required a number of resources such as paper materials, human resources, faxes, etc. In this context, only having internet connection will serve the purpose and that too in an eco-friendly way. The data storage is comparatively easier as it is stored electronically. Furthermore, EDI also allows searching, sorting, and retrieval of information. The number of errors can be reduced to a significant level and data can be organized properly. Analyze whether or not your company has as much of a chance of having its bid accepted as a much larger corporation (e.g., Boeing) does. Support your analysis. The study will now undertake an investigation of the chance of the company to win the bid. The acceptance of the bid is directly dependent upon the offerings which will be made. However, there is always a chance to get an upper hand over the competitors for being a small company. A number of studies have shown that companies which are small, often getting a number of benefits. On the contrary, a large organization does not get any special type of advantages. The benefits come in the form of government subsidies. In addition, the government has initiated several programs that support the development of small businesses. The government of the US is also enthusiastic in uplifting small business ventures. This gives a great opportunity for the company to have its bid accepted by the government. However, the company also needs to ensure that the offer made suits the requirement and the price offered is also acceptable.  A solicitation response can be deemed as a persuasive argument which is used for responding to the foundation, agency, company or any other concerned authority.  ...Download file to see next pages Read More