Business Management Information Systems - BMC511S an der Polytechnic Of Namibia | Karteikarten & Zusammenfassungen

Lernmaterialien für Business management information systems - BMC511S an der Polytechnic of Namibia

Greife auf kostenlose Karteikarten, Zusammenfassungen, Übungsaufgaben und Altklausuren für deinen Business management information systems - BMC511S Kurs an der Polytechnic of Namibia zu.

TESTE DEIN WISSEN

What are supply chain management systems (SCM)?

Lösung anzeigen
TESTE DEIN WISSEN

These are systems that help suppliers, purchasing firms, distributors, and logistics companies share information about orders, production, inventory levels, and delivery of products and services so they can source, produce, and deliver goods and services efficiently.

Lösung ausblenden
TESTE DEIN WISSEN

What are the functions of an information system?

Lösung anzeigen
TESTE DEIN WISSEN
  • Input
  • Processing, Classification, Arranging, Calculating
  • Output
  • Feedback
Lösung ausblenden
TESTE DEIN WISSEN

What are the economic impacts of information systems in an organisation?

Lösung anzeigen
TESTE DEIN WISSEN
  • Reduces transaction costs; locating and communication with distance suppliers, monitoring compliance, buying insurance, obtaining information on products, etc. IT networks allow firms to contract external suppliers meaning firms shrink in size and reducing the number of employees
  • Reduces agency costs; the cost of supervising employees.
Lösung ausblenden
TESTE DEIN WISSEN

What are the five compettitive forces that shape the fate of a firm according to Michael Porter?

Lösung anzeigen
TESTE DEIN WISSEN

1. Traditional competitors
2. New market entrants
3. Substitute products and services
4. Customers
5. Supplier

Lösung ausblenden
TESTE DEIN WISSEN

What are business processes? How are they related to information systems?

Lösung anzeigen
TESTE DEIN WISSEN

Business processes are the set of logically related tasks and behaviours that an organization develops over time to produce specific business results and the unique manner in which these activities are organized and coordinated. E.g. Sales and marketing.


In other words, it involves the set of activities/steps to do with material, information and knowledge flow.


Information systems enhance these functions by:

  • increasing efficiency through automation
  • changing the flow of information
  • replacing sequential steps with parallel steps
  • eliminating delays in decision making
  • supporting new business models
Lösung ausblenden
TESTE DEIN WISSEN

What are transaction processing systems?

Lösung anzeigen
TESTE DEIN WISSEN

These are systems that exist at the operational level (bottom) of the business and perform and record daily routine transactions necessary to conduct business.

Lösung ausblenden
TESTE DEIN WISSEN

Name some entities in an information systems environment.

Lösung anzeigen
TESTE DEIN WISSEN
  • Suppliers
  • Customers
  • Regulatory agencies
  • Stockholders
  • Competitors
Lösung ausblenden
TESTE DEIN WISSEN

What are decision support systems (DSS)?

Lösung anzeigen
TESTE DEIN WISSEN

These are systems that serve middle management by providing support with nonroutine decision making. They use information from TPS and MIS. For example, a voyage-estimating system.

Lösung ausblenden
TESTE DEIN WISSEN

What are executive support systems (ESS)?

Lösung anzeigen
TESTE DEIN WISSEN

These are an extension of MIS that help with non-routine decision making requiring judgement, evaluation and insight at the top-level of an organization.


They incorporate data about external events in the information systems environment such as new tax laws or competitors as well as summarized information from internal MIS and DSS. They filter, compress, and track data of high importance and make it available to the strategic-level managers.


They are concerned with questions such as: What will employment levels be in
five years? What are the long-term industry cost trends? What products should
we be making in five years?


Example: Digital dashboard with real-time view of firm’s financial performance: working capital

Lösung ausblenden
TESTE DEIN WISSEN

What is business intelligence?

Lösung anzeigen
TESTE DEIN WISSEN

This is a contemporary term for data and software tools for organizing, analyzing, and providing access to data to help managers and other enterprise users make more informed decisions.


It addresses the decision-making needs of all levels of management

Lösung ausblenden
TESTE DEIN WISSEN

What are enterprise applications?

Lösung anzeigen
TESTE DEIN WISSEN

These are systems that span functional areas, focus on executing business processes across the business firm, and include all levels of management.

Lösung ausblenden
TESTE DEIN WISSEN

What are Customer Relationship Management Systems (CRM)

Lösung anzeigen
TESTE DEIN WISSEN

These are systems that help manage relationships with customers by coordinating business processes that deal with customers in sales, marketing, and customer service.

Lösung ausblenden
  • 89 Karteikarten
  • 25 Studierende
  • 0 Lernmaterialien

Beispielhafte Karteikarten für deinen Business management information systems - BMC511S Kurs an der Polytechnic of Namibia - von Kommilitonen auf StudySmarter erstellt!

Q:

What are supply chain management systems (SCM)?

A:

These are systems that help suppliers, purchasing firms, distributors, and logistics companies share information about orders, production, inventory levels, and delivery of products and services so they can source, produce, and deliver goods and services efficiently.

Q:

What are the functions of an information system?

A:
  • Input
  • Processing, Classification, Arranging, Calculating
  • Output
  • Feedback
Q:

What are the economic impacts of information systems in an organisation?

A:
  • Reduces transaction costs; locating and communication with distance suppliers, monitoring compliance, buying insurance, obtaining information on products, etc. IT networks allow firms to contract external suppliers meaning firms shrink in size and reducing the number of employees
  • Reduces agency costs; the cost of supervising employees.
Q:

What are the five compettitive forces that shape the fate of a firm according to Michael Porter?

A:

1. Traditional competitors
2. New market entrants
3. Substitute products and services
4. Customers
5. Supplier

Q:

What are business processes? How are they related to information systems?

A:

Business processes are the set of logically related tasks and behaviours that an organization develops over time to produce specific business results and the unique manner in which these activities are organized and coordinated. E.g. Sales and marketing.


In other words, it involves the set of activities/steps to do with material, information and knowledge flow.


Information systems enhance these functions by:

  • increasing efficiency through automation
  • changing the flow of information
  • replacing sequential steps with parallel steps
  • eliminating delays in decision making
  • supporting new business models
Mehr Karteikarten anzeigen
Q:

What are transaction processing systems?

A:

These are systems that exist at the operational level (bottom) of the business and perform and record daily routine transactions necessary to conduct business.

Q:

Name some entities in an information systems environment.

A:
  • Suppliers
  • Customers
  • Regulatory agencies
  • Stockholders
  • Competitors
Q:

What are decision support systems (DSS)?

A:

These are systems that serve middle management by providing support with nonroutine decision making. They use information from TPS and MIS. For example, a voyage-estimating system.

Q:

What are executive support systems (ESS)?

A:

These are an extension of MIS that help with non-routine decision making requiring judgement, evaluation and insight at the top-level of an organization.


They incorporate data about external events in the information systems environment such as new tax laws or competitors as well as summarized information from internal MIS and DSS. They filter, compress, and track data of high importance and make it available to the strategic-level managers.


They are concerned with questions such as: What will employment levels be in
five years? What are the long-term industry cost trends? What products should
we be making in five years?


Example: Digital dashboard with real-time view of firm’s financial performance: working capital

Q:

What is business intelligence?

A:

This is a contemporary term for data and software tools for organizing, analyzing, and providing access to data to help managers and other enterprise users make more informed decisions.


It addresses the decision-making needs of all levels of management

Q:

What are enterprise applications?

A:

These are systems that span functional areas, focus on executing business processes across the business firm, and include all levels of management.

Q:

What are Customer Relationship Management Systems (CRM)

A:

These are systems that help manage relationships with customers by coordinating business processes that deal with customers in sales, marketing, and customer service.

Business management information systems - BMC511S

Erstelle und finde Lernmaterialien auf StudySmarter.

Greife kostenlos auf tausende geteilte Karteikarten, Zusammenfassungen, Altklausuren und mehr zu.

Jetzt loslegen

Das sind die beliebtesten Business management information systems - BMC511S Kurse im gesamten StudySmarter Universum

Informationsmanagement

Technische Hochschule Deggendorf

Zum Kurs
MBA-09/10 Business Process- & Informationsmanagement

Fachhochschule Burgenland

Zum Kurs

Die all-in-one Lernapp für Studierende

Greife auf Millionen geteilter Lernmaterialien der StudySmarter Community zu
Kostenlos anmelden Business management information systems - BMC511S
Erstelle Karteikarten und Zusammenfassungen mit den StudySmarter Tools
Kostenlos loslegen Business management information systems - BMC511S