2.1-2 Levels of Decision Making Flashcards

1
Q

Operational Decisions

A

Front-line managers: day-to-day operations, making routine decisions

TPS is designed for this:

  • Accounting systems
  • Inventory control
  • Payroll
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2
Q

Tactical Decisions

A

Middle-managers: short-term objectives, information + decisions are well structured

MIS is designed for this
Reviewing back-orders, examining detailed expense schedules, comparing actual sales to budget - provides a variety of reports

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3
Q

Strategic Decisions

A

Top-level/Executive Management:
semi-structured or unstructured issues
*cannot be automated

DSS or ESS:

  • Buy/sell decisions
  • Which markets to operate in
  • Long-term goals
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4
Q

Data Visualization

A

Ways to present complex data, efficiently and effectively to the right decision maker in the right format

See new patterns, new insights

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5
Q

Dashboard

A
Graphic:
Summarizes Key Performance Indicators & 
other performance-based info like:
 - Profitability
- Revenue
- Expenses

Operational= track production results by product/region

Tactical=department-level budget vs. actual variances

Strategic=comparing actual performance to strategic goals

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