Chapter 13 Flashcards
Strategic decisions
long-term planning designed to achieve a specific goal
tactical decisions
are specific actions that serve a larger purpose
Reporting Summarization Levels
refers to the level of detail or level of summarization in a report
transaction processing system ( TPS)
collects and stores data (typically in a database) regarding the store’s daily sales.
graphical reporting
can reveal trends within a business
Analysis & Predictive Reporting
generate reports that analyze information and are predictive in nature in order to make strategic and/or tactical decisions
how often should business reports be created
depends on the business can be created periodically, weekly, monthly, daily, etc.
on demand reports
are created right then and there
adhoc reports?
answer specific information and specific criteria
what is inventory report used for
- tracking inventory
- sales trends
- suppliers
what should be included in an inventory report
- products
- products numbers
- best selling items
- what you sell
- inventory that needs to be replaced
whats on a business report
- state income statement
- information about products and what you’re selling
- facilitates their decision making
- helps present factual information that is happening within the business
- statistical information
- can be defined by anything the business wants to portray
3 types of inventory
- RSL
- Management
- ?
what is RSL
how much detail is on the report
what is TPS
transporting and captures all that goes through a cash register
3 day trend report
what can a store manager pull from this report?
- which category is the best seller in a 3 day trend
- which product is the least selling in a 3 day trend
- can create graphical representation
what does analysis and predictive reporting
provides actuals and forecasts
forecast
Shows what was projected to happen
forecast heading shows:
actual
forecast
forecast
Actual
Shows what happened
actuals heading shows:
actual
previous
forecast
Variance
Shows the difference between the Actuals and Forecast columns
Management Level Reporting
refers to the level of detail or summarization appropriate for a certain level of employee regardless of report type
top-level executive reporting
requires very little detail like that which the transaction processing system reports provide. Executives are interested in the big picture, with reports that offer complete summarization and are highly graphical
Management reporting
summarized from the TPS reports and can sometimes be used for strategic decisions, but it is generally used for tactical decisions that require specific actions
Supervisory reporting
highly detailed and generated directly from the transaction processing system, and it is rarely used for high-level decision-making
