2.1-2 Levels of Decision Making Flashcards
Operational Decisions
Front-line managers: day-to-day operations, making routine decisions
TPS is designed for this:
- Accounting systems
- Inventory control
- Payroll
Tactical Decisions
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
Strategic Decisions
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
Data Visualization
Ways to present complex data, efficiently and effectively to the right decision maker in the right format
See new patterns, new insights
Dashboard
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