BA 370 Midterm BIS Flashcards
Info system
a group of components that interact to produce information” for decision making, coordination, and control.
IS components: actors, instructions, bridge
actors- hardware and people
instructions- programs and procedures
bridge- data
abstract reasoning
Construct a model or representation
systems thinking
Model system components and show how those components relate to each other
collaboration
Develop ideas and plans with others. Provide and receive critical feedback.
ability to experiment
Make a reasoned analysis of an opportunity, envision potential solutions, evaluate those possibilities, and develop the most promising ones consistent with available resources
business processes
Things organizations do to create value for stakeholders. A Business Process can usually be broken down into a sequence of tasks or activities that have to be completed in a specific order with a clear beginning and an end.
3 ways IS improve business processes
- Improve efficiency
- Improve effectiveness
- Provide linkages across processes
structured processes
formally defined, standardized processes that involve day-to-day operations
usually required for automation
dynamic processes
flexible, informal, and adaptive, involving strategic and less specific managerial decisions and activities
TPS
Transaction processing system - Record and facilitate efficient operations: efficiency and accuracy matter the most for these systems. We need to manage costs but also keep reliable records.
- A TPS is often the key source of data that is used for analysis in DSS, and for creating reports/graphs for MIS and/or ESS.
MIS
Management Information System - Report on operations for monitoring and control. In general a system would be an MIS if it produces standardized reports that managers use to monitor operations.
DSS
Decision support systems help with non-routine decisions. DSS tools often allow analysts and managers to formulate new questions and extract data from existing systems to answer them. The tools can be as simple as Pivot tables and What-if-Analysis that are available in MS Excel or could be based upon very complex algorithms and calculations.
ESS
Executive support systems provide information for high-level decisions. Digital dashboards are a current focus for ESS data analytics. A dashboard shows how an organization is performing on key metrics. For example, sales, deliveries, process times, etc. Different organizations and different management teams might choose different indicators. Building an ESS usually requires integrating data from multiple subsystems or even collecting extra data.
departmental systems
support a departmental process (pg. 36). You should already understand some things about each of these functions from the pre-business core courses you have taken. This course will assume you have a basic idea of what is involved in all of these processes
sales and marketing
lead generation, lead tracking, customer management, sales forecasting, product and brand management
operations
order entry and management, finished-goods inventory
manufacturing
raw materials inventory, planning, scheduling
customer service
order/account tracking, customer support and training
HR
Recruiting, compensation, assessment
accounting
GL, financial reporting, cost, AP (accounts payable), AR (accounts receivable), cash management, budgeting
ERP
Enterprise Resource Planning - These massive systems can include all the other systems in an organization, particularly operational systems and the SCM and CRM systems.
SAP is largest ERP vendor
SCM
Supply Chain Management - Can include procurement, sales order processing, inventory management, supplier management, and related activities
CRM
Customer Relationship Management – Sales prospecting, customer management, marketing, customer support, and call center operations
EAI
Enterprise Application Integration
o Many organizations use tools from several vendors e.g., a GL tool from one, a CRM from another, and SCM from a third.
o EAI systems help integrate data from these systems or simply connect legacy systems that are very costly to replace. In a way this is an alternative to a singular ERP environment.
o The big idea: information silos happen for many reasons. Sometimes companies invest in a single integrated system, but that is not always feasible. Enterprise Application Integration tools and strategies balance centralization and decentralization.
EDI
(Electronic Data Interchange) is key to the success of Inter-enterprise Systems