Ch 10.2 Functional Area Information Systems Flashcards
what is an FAIS
Functional area info system, supports a particular functional area babygirl
IS for marketing, IS for acct/finance
IS for
1) financial planning and
2)budgeting
1) forecasting finances! IS allows us to understand the availability of money
2) IS allows management to distribute money better
how does IS help with investment managemetn
-> financial analysts use IS to find investing opportunities and manage investments
How does IS help control and auditing
-> IS helps budgetary control, comparing budgets is easy
-> IS helps internal auditing
-> IS helps analyze financial ratios
How does IS help managing financial transactions
How does IS help marketing
IS helps find the right customers
How does Is HELP Opertaions management/Production (POM functional area)
what are the 4 POM functions in this course
1) in house logistics and material management
2 ) planning produciton and operation (MRP I and II)
3) computer integrated manufacturing
4) product life cycle managemnt
how does IS help in house logistics and materials management
IS helps create inventory models, find out when to order and how much to order
IS also helps with quality control
how does IS help with planning production and operations
IS helps with material requirements planning (MRP), manuacturing resource planning (MRP II), and enterprise resource planning (ERP)
How does IS help computer integrated manufactiring
CIM (digital manufacturing) integrates various automated factory systems
1) to simplify manufacturing tech and techniques
2) to automate the manufacturing process
3) to co-ordinate all aspects of design manufacturying and related functions
how does IS help product life cyclle management
helps apply web based collaboration tech to product dev
introduction, growth, maturity, decline
How does IS help HR
HRIS bitch <3
-recruitment
-hr dev
-hr planning and management
How does IS help recruitment
IS can help find and evaluate people, allso help screen candidates
How can IS help HR development
IS can help train candidates
How can IS help HR planning and maangement
1) help manage payroll and emplloyee records
2) benefits administration: helps distribute wages, bonuses, rrsp etc
3) help employee relations management: thing like a call centre for employees to discuss concern
WHAT DO ALL IS systems produce
REPORTS!!!
What are examples of IS systems
TPS
FAIS
ERP
CRM
BI
3 categories of reports
1) routine
2) ad hoc
3) exception
Routine reports
-produced on a schedule (hourly quality control to daily to whenever)
Ad hoc report
- on demand report
1) drill down report: display a greater level of detail, drillinh down on sales
2) key indicator report: summarize performance of critical activities
3) comparative reports: compare perofrmance of different units
Exception reports
-reports produced only when info is outside of standards!!!
-THESE ARE USED WHEN MANAGERS ARE MANAGING BY EXCEPTION
Management by exception
1) management establishes standards
2) systems are created to monitor performance
3) when data is not up to standard,then the rports are generated and thennnn a manager reads it
What is MRP I
Materials resource planning
What is MRP II
manufacturing resource planning
