ISCOM 374 Week 1
Consider Technology
Agenda
Office Automation System
Communication System
Transaction Processing System
Management Information System
Decision Support System
Enterprise System
Advantages/Disadvantages
Technology advances
Financial Performance
Today I will be presenting to you the Office Automation System, Communication System, Transaction Processing System, Management, Information System, Decision Support System, and Enterprise System and the advantages and disadvantages that they have. I will also share with you the technology advances that these systems have had on logistics and finally, how this can help with the financial performance.
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Office Automation System
Word Processing
Spreadsheets
Presentations
Word processing- is a source of communication in a document form such as; reports, memos, and letters.
Spreadsheet- is a sheet of paper that shows accounting or other data in rows and columns; a spreadsheet is also a computer program that simulates a physical spreadsheet by capturing, displaying, and manipulating data arranged in rows and columns.
Presentations- A presentation is the process of presenting a topic to an audience. It is typically a demonstration, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, or to build good will or to present a new idea or product.
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Wireless
GPS
Electronic data interchange
Communication System
Communication system is relaying a message from the individual to a manager which can be either formal or informal. Information is collected and passed to managers and employees within a business. By using wireless communication we are able to communicate with drivers and packages. GPS, refer to a network of satellites that transmits signals that pinpoint the exact location of an object. (EDI) the computer-to-computer transmission of business data in a structured format
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Electronic data interchange
Automatic identification
Radio-frequency identification (RFID)
Transaction Processing System
Electronic data interchange- is a processing system to help send information to another individual for them to review. Having a process that can deliver when ordering parts or material when scanning a bar code to a different location and they retrieve the supply list so therefore they can gather the parts/material to be shipped the next day.
Automatic identification systems- are an essential component in point-of-sale (POS) systems and the idea behind POS systems is to provide data to guide and enhance managerial decision-making.
Operationally, RFID consists of three components, a scanning antenna, an RFID tag (chip) that conveys the relevant data, and a transceiver that interprets the data
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Management Information System
Logistics Information system
Monitoring performance
Managing an organization
When monitoring a performance the management information system will provide efficiency and effectiveness of a strategic decision making process. The executive information system is a process to help the senior executive make proficient making decisions.
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Provides information
Models
Analysis tools
Decision Support System
Decision Support System- is a system that provides information to managers through models and analysis tools in order for them to make better informed decisions for the business. It helps with management, planning and operation levels within the business in which let’s the upper management know about problems and how the changes are being made
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Maintain consistent data
Integrate data
Enterprise resource planning (ERP)
Enterprise System
Enterprise system- creates and maintains consistent data that is integrated across multiple business functions. ERP is they best way a company can use the system. ERP allows the company to see data in real time. This can help to increase productivity and reduce cost.
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| Advantages | Disadvantages |
| Communication | Unemployment/lack of Jobs |
| Availability | Implementation expenses |
| New type of jobs | Security issues |
Advantages/Disadvantages
Advantages
Communication – with help of information technologies the instant messaging, emails, voice and video calls becomes quicker, cheaper and much efficient.
Availability – information systems has made it possible for businesses to be open 24×7 all over the globe. This means that a business can be open anytime anywhere, making purchases from different countries easier and more convenient. It also means that you can have your goods delivered right to your doorstep with having to move a single muscle.
Creation of new types of jobs – one of the best advantages of information systems is the creation of new and interesting jobs. Computer programmers, Systems analyzers, Hardware and Software developers and Web designers are just some of the many new employment opportunities created with the help of IT.
Disadvantages
Unemployment and lack of job security –As technology improves, tasks that were formerly performed by human employees are now carried out by computer systems.
Implementation expenses – to integrate the information system it require pretty good amount of cost in a case of software, hardware and people. Software, hardware and some other services should be rented, bought and supported. Employees need to be trained with unfamiliar information technology and software.
Security issues – thieves and hackers get access to identities and corporate saboteurs target sensitive company data. Such data can include vendor information, bank records, intellectual property and personal data on company management. The hackers distribute the information over the Internet, sell it to rival companies or use it to damage the company’s image
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Technology advances
Automation
Cloud Computing
RFID
Automation, which uses data-driven software to improve operational efficiency in machines, offers a variety of solutions for the logistics industry — from advancing package labeling to streamlining warehouse sorting systems.
Cloud computing applications have the potential to provide vast efficiency and flexibility options for the logistics industry
RFID -is a tag or sensor is placed on the product and radio waves are sent out. The data is then received and processed by the company. Similar to RFID tags are barcodes, but the superior speed of information delivery and data processing of RFIDs is more appealing to businesses and the way technology is moving.
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Strategies to Financial Performance
Income statement
Revenues
Expenses
The Income Statement- is one of a company’s core financial statements that shows their profit and loss over a period of time. The profit or loss is determined by taking all revenues and subtracting all expenses from both operating and non-operating activities.
Revenues- is the income generated from sale of goods or services, or any other use of capital or assets, associated with the main operations of an organization before any costs or expenses are deducted. Revenue is shown usually as the top item in an income statement from which all charges, costs, and expenses are subtracted to arrive at net income.
Expenses- Are money spent or cost incurred in an organization's efforts to generate revenue, representing the cost of doing business. Expenses may be in the form of actual cash payments, a computed expired portion of an asset, or an amount taken out of earnings. Expenses are summarized and charged in the income statement as deductions from the income before assessing income tax. Whereas all expenses are costs, not all cost are expenses.
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References
Muhsinzoda, M. (2015, December 6). Advantages and disadvantages of information systems. Retrieved from PublicaTIC: https://blogs.deusto.es/master-informatica/advantages-and-disadvantages-of-information-systems/
Murphy jr., P. R., & Knemeyer, M. A. (2015). Contemporary Logistics 11th Edition. New Jersey: Pearson Education, Inc., publishing as Prentice Hall.
Rossum, J.-E. v. (2016, September 23). 7 innovative technologies transforming the logistics industry. Retrieved from The Business Journals: https://www.bizjournals.com/bizjournals/how-to/technology/2016/09/7-technologies-transforming-logistics-industry.html