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Explain the features of the management information system
Role of decision support systems
Unpack the concept of decision support system showing why it is important
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John Lewis businesses needs multiple of information systems so that they can perform effectively. There are 4 type of information systems such as: Executive information system, Decision support system, Management information system, Transaction processing system Executive information system Executive information system is placed at the top origination level. This kind of information system is not only for CEO’s but for any senior manager where they work at John Lewis and they must know how to improve the company. John Lewis will use this internal source information such as sale information, information from stakeholders, to see how the company doing or if it needs anything to be changed and get more profit out of that. Executive information system it’s too easy to understand and very easy to …show more content…
The information can be made into categories which can be outputted to make choices for the future of the company. Information will be kept in the database and the database will contain tools to help process the information in multiple ways. The key features of Decision support systems are logistic system and financial systems. The logistics system will be able to make information from the data it gets so John Lewis can use it to make choices. This can have an effect on the company’s feature on how the make decisions together as a firm. The financial system will allow John Lewis to take over their costs and they can monitor their costs and investments. They can see if some investment are risky and see if the company will get anything out of it. Management information system This system will be based on making choices for the support system. It can be used by manger and senior in a business and they will get information about how the business how it operate and they can see and manage how efficient a company like John Lewis is
Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base management system, five agent-based technologies, e-commerce and system development lifecycle. Furthermore, it will look at business continuity planning, emerging trends and security vulnerabilities relates to the organization to remain competitive.
It is important for managers to make right decisions when it comes to a business. Managers need to make decisions based on surrounding factors and make decisions due to problems that arise. Managers also need to solve those problems which can give a business a competitive advantage. That is why it is important to have a Decision Support System in place, it can help a manager in better decision-making. This paper seeks to explain Information systems and Decision Support System (DSS). The following topics will be covered with regards to Information Systems and Decision Support System; background on what an Information system is, what a Decision Support Systems is, explain how the Decision Support System relates to users, discuss the types of Decision Support Systems, characteristics of a Decision Support System, explain the advantages as well as the disadvantages of the Decision Support Systems and lastly
My company of choice for this report is Macy 's. 'The Magic of Macy 's ', as the company advertises it, has inspired me to shop there, take advantage of their incomparable discounts and great online shopping experience. Macy 's, Inc. is one of the largest department store chains in the United States of America. Macy 's manages stores under the Macy 's and Bloomingdale 's brands. I enjoy shopping at both of the company 's store brands, Macy 's and Bloomingdales. Bloomingdales provides a more personalized experience
Kudler Fine Foods is a grocery food establishment that serves an upscale customer base. Kudler Fine Foods will start to focus in of how to expand upon their services and stream line the organizational process by improving the efficiency of the entire operations. The success will be measured by Kudler Fine Foods ability to integration a new system which will incorporate a database system. Kudler Fine Foods marketing should be able to easily see the most popular products purchased by customers depending on income levels, area of residence, gender, shopping location along with any other categories that marketing wants to add. The system should also automatically convert the purchases to points and add the point's totals to the customer information data base. "Analysis Phase is to understand and document the business needs and the processing requirements of the new system" (Satzinger, Jackson, Burd & Johnson 2004, p. 6)
Define the three primary types of decision-making systems, and explain how a customer of Actionly might use them to find business intelligence.
It is generally accepted that information is a vital commodity for the successful operation of today’s organizations. Nowadays modern business organizations are using computerized information systems in order to obtain such information. However as the technology advances rapidly the main issue is how can an organization should effectively use such an information system - which its management sometimes can be unpredictable - in order to effectively help the whole organization structure to improve and take the most out of it.
... analysis with Extract, Transform, and Load (ETL), online analytical processing (OLAP) and data mining capabilities built into the data server. Additionally, we can add Oracles E-Business Suite Corporate Performance Management system that includes pre-packaged applications for measuring and monitoring business performance. Oracle brings to the table exactly what we are looking for, a proven business information tool that is capable of delivering the information that is required to give us time and accurate information.
Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.
Turning to the issues related to information handling, the definition of the information management should be mentioned. According to Hinton’s perspective (2006, p.57) the information management is “the conscious process of gathering information”. A brief overview of the presumable information sources in a high-technology company can help to outline the situation. T...
Information system is software that helps you sort out and examine data. Information system can make it possible to answer questions and solve any problems that are related to the organization. There are a lot of organizations that works with big amounts of data. They are essential values or facts and they are prepared in a database. Information system turns unprocessed data into information’s that are useful for decision-making in an organization.
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows:
However, a DSS tool is Online Analytical Processing (OLAP) –Decision support system is an interactive computerized system which gathers and presents for business purposes from various sources (webopedia.com, 2014). OLAP is a tool that enables the user to analyze different data dimensions. It provides time series as well as trend analysis views. OLAP tools are used by analysts where they employ relatively simple techniques which include induction, deduction as well as pattern recognition to so as to derive new information as well as insights. OLAP is also used in data mining using OLAP server which sits between a database management systems and a client. For example, Infosys – an information technology consultancy, recommended one of the clients to use OLAP solutions as a supply chain analytic solution which contributed 30% of its gross revenue.
A decision support system (DSS) is a computer-based application that collects, organizes and analyses business data to facilitate quality business decision-making for management, operations and planning. A well-designed DSS aids decision makers in compiling a variety of data from many sources: raw data, documents, personal knowledge from employees, management, executives and business models. DSS analysis helps companies to identify and solve problems, and make decisions. A Decision Support System (DSS) is an interactive, flexible, and adaptable computer based information system that utilizes decision rules, models, and
DSS is a system which aids management in some stages in the decision process in situation where some aspects of the process are not well structured or well defined. Decision support software can assists the decision maker in each of the steps in Figure 17-1. It can signal the need for a decision through an exception report. Software can be used to accumulate and organize the data so that managment can be better understand the nature of the problem. It can be used ...
Curtis G. & D. Cobham (2002: 4th edition) Business Information Systems: Analysis, Design and Practice. Essex: Pearson Education Limited