...business and commerce, transactions take place on a daily basis. The needs of companies have also been evolving and increasing as more and more business models, sales and distribution channels increased. With the increase in the amount of transactions taking place, and advancements in computer hardware and software, transaction-processing systems have evolved as well. Frist let’s examine what a transaction processing system does. “Transaction processing systems capture and process the detailed data necessary to update records about the fundamental business operations of the organization.” (Stair & Reynolds 2013, pg. 257). The system is responsible for processing various types of transactions including but not limited to sales orders, inventory updates, payroll, accounts payables and receivables. “The result of processing business transactions is that the organization’s records are update to reflect the status of the operation at the time the last processed transaction.” (Stair & Reynolds 2013, pg. 257) The results of the updated records for the organization are so that management is able to understand where the company stands at a specific point of time. Transaction processing systems works with a large amount of data and many times is integrated into an organizations other systems and share common databases. It is able to provide detailed sales reports, payroll reports and inventory status updates. So how far have transaction processing systems evolved?...
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...Transaction Processing System of Riordan Manufacturing BSA/310 Transaction Processing System of Riordan Manufacturing Riordan Manufacturing is a global plastics manufacturer who is an industry leader in the field of plastic injection molding. They produce everything plastic from plastic containers, fans, plastic bottles and even heart valves and stents. With the amount of goods being shipped every day a critical information system is the transaction processing system (TPS) to keep track of the inventory in house as well as the products being shipped to the customer. A transaction processing system is one of the most important information systems because it is the building block from which the other systems receive their information. Without a transaction processing system management information systems, decision support systems, and enterprise resource planning, would not have the data needed to analyze to make the correct decisions in their systems. Transaction processing systems are used within a company to monitor and process large amounts of data used on a day to day basis. Companies will use a TPS to when processing orders, purchasing materials, updating inventory and accounts payable and received. After reviewing Riordan’s inventory management, they are using transaction processing system to keep their raw materials updated in the system. At the end of the day the receiving area supervisor will give the log of raw materials and associated shipping...
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...Principal Competitive Thrusts with Strategic Information Systems Information is strategic if its objective is to improve the competitive position of the organization. Such system helps the firm attract customers profitably and for an extended period of time. Any type of system supporting operations, management, or knowledge work of the organization may be deployed as strategic system. Competitive Strategies Michael Porter formulated the Four Generic Business Strategies to gain competitive advantage. * Differentiation * Selects one or more criteria used by buyers in a market and then places the business uniquely to meet those criteria * Cost Leadership * Focuses on becoming the lowest cost producer in the industry * Differentiation Focus * Allows the business to aim differentiation within a small number of target market segments * Cost focus * Allows the business to seek a lower-cost advantage within a small number of market segments Competitive Forces Competitive strategies have been formulated because of the competitive forces in an industry. Industry is a group of firms that market products which are closely substitutes for each other like the car industry. Switching costs * These are the costs of switching to your competitor for product or service you provide Competitive Tactics * Internal growth – this tactic makes it possible to realize economic of scale. * Innovation – this tactic makes internal innovation possible by generating...
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...Computer Assisted Audit Tools and Techniques •Application controls –Input controls –Processing controls –Output controls •Testing computer application controls –Black box approach –White box approach •Computer aided audit tools and techniques for testing controls Application Controls •Programmed procedures designed to deal with potential exposures that threaten specific applications, such as payroll, purchases, and cash disbursements systems. •Three categories: –Input controls –Processing controls –Output controls Input Controls •Designed to ensure that transactions are valid, accurate, and complete. •Broad classes: –Source document controls –Data coding controls –Batch controls –Validation controls –Input error correction –Generalized data input systems Source document controls •Techniques to prevent source document fraud (for example, an individual with access to purchase orders and receiving reports could fabricate a purchase transaction to a non-existent supplier) –Use pre-numbered source documents –Use source documents in sequence –Periodically audit source documents Data Coding Controls •Checks on integrity of data codes used in processing. •A customer’s account number, an inventory item number, and a chart of accounts number are all examples of data codes. Data Coding Controls •Three types of errors that can corrupt data codes and cause processing errors: –Transcription errors –Single transposition errors –Multiple transposition...
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...Proposal Daniel Metzgar BIS220 June 20, 2011 Bud Stinson TABLE OF CONTENTS Title 1 Table of Contents 2 Abstract 3 Data Information Systems 3 Introduction 3 Executive Dashboard ______________________________________________________________ 3 Transaction Processing System ______________________________________________________ 4 Office Automation System _________________________________________________________ 4 Image 1.1 _______________________________________________________________________ 3 Table 1.1 5 Summary of Findings 5 References 7 Abstract Information systems is a vital part of a business plan. The key is to find the right information for our company. The three informaton systems we will discuss are the Executive Dashboard, Transaction Processing Systems and Office Automation Systems. Each of these systems have a distinct purpose and some are better suited for our needs than others. An executive dashboard can help us determine how sales are doing for our company. A transaction processing system will allow us to complete sales for our customers in a more efficient manner. An office automation system can be used to create any reports we may need to track finances and create invoices for our customers. The information here will help determine which is best suited for the new record store. Introduction ...
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... | | |Mr. Vivek Pandey | Q1. Describe the concept of Operation Support System and Management Support System with suitable examples. Ans1. Operation Support System a) Efficiently process business transactions b) Control industrial processes c) Support communications and collaboration d) Update corporate databases Management Support System Provide information and support for effective decision making by managers Q2. “Cybernetic systems are self-monitoring and self-regulating.” Justify the statement. Ans 2. A system with feedback is called cybernetic system. Feedback is data about the performance of a system. For example data about sales performance is feedback to sales manager. Whereas control involves monitoring and evaluating feedback to determine whether a system is moving toward the achievement of its goal or not. The control function then makes necessary adjustments to a system’s input and processing components to ensure that it produces proper output. For example a sales manager exercises control when reassigning salespersons to new sales territories after evaluating feedback about their sales performance. Hence we can...
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...and artists on vinyl; True Vinyl is the best choice to obtain their selections. True Vinyl will allow our customers to browse through our physical store or shop online to find the record; we will also offer in-store pick-up or safe fast shipping for our online customers. The key to our store’s success will be information systems. True Vinyl will need to utilize both computer-based forms as well as non-computer based types of information systems in order to be successful in providing excellent service and products to our customers. For True Vinyl, I propose utilizing: • Functional Area Information System for payroll this would help this business system for processing and payroll. The sales would have to be cost effective to be able to support the increase of employee’s to purchase this system. • Transaction Processing System this system would help out in sales with policies, procedures, equipment to help with point of sales. • Office Automation Systems this would help with middle managers, and knowledge workers. These employees would schedule resources for record sales projection with calendars and would communicate with e-mail, voicemail, videoconferencing and groupware. • Supply Chain Management System would help employees manage flow of products from various suppliers. If a customer is looking for a certain record we can look when we would be getting it in and...
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...narrowed the list to the 5 most valuable to use. They are listed below in the order that they will be discussed from most advantageous to least. * Office Automation System- This system would help us because it supports the clerical staff, lower and middle managers, and knowledege workers. Our employees would develop word processing and desktop publishing software which could help us from scheduling customers to checking our email. * Transaction Processing System- The TPS is very helpful in that it would allow us to monitor, collect, store, and process data from our basic business transactions. * Management Information System- This would help us produce reports that are summarized from transaction data from the sales we record to customers. * Supply Chain Management System- This system will help us record how the flow of our materials are transported from suppliers to factories to the customer. * Funtional Area IS- This supports the activities within a specific functional area and could be used as setting up a process for payroll. Information System | Cons | Office Automation System | Does not support Executives | Transaction Processing System | Mostly done online now, need computer knowledge necessary | Management Information System | Can be expensive to install and requires maintenance | Supply Chain Management System | Requires large investment of time, money, and resources | Functional Area IS | Only concern a specific functional area | | |...
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...software program or collection of programs that enables the hardware to process the information. Then the database is a collection of related files or tables containing data. Finally, a network is a connecting system (wireless or wireline) that allows different computers to share resources. Two organizational departments in a business are business intelligence (BI) systems and transaction processing system (TPS). Business intelligence (BI) systems provide computer-based support for complex, non-routine decisions, primarily for middle managers and knowledge workers. (They also support lower-level managers, though to a lesser extent.) These systems are used with a data warehouse and allow users to perform their own data analysis (Wiley-Rainer). A transaction processing system (TPS) supports the monitoring, collection, storage, and processing of data from the organization’s basic business transactions, each of which generates data. An example of this is when you are checking out at a business such as Wal-Mart, Target, or K-Mart; each time the cashier swipes an item across the bar code reader, which is a transaction. The TPS collects data continuously, in real time-that is, as soon as the data are generated,...
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...Sizzles with Pizza Tracker 1. What kinds of systems are described in this case? Identify and describe the business processes each supports. Describe the inputs, processes, and outputs of these systems. There are three kinds of systems are described in this case. They are the Transaction Processing System (TPS), the Management Information System (MIS), and the Decision Support System (DSS). The Transaction Processing System (TPS) is a computerized system that performs and records the daily routine transactions necessary to conduct business. It is the sales order entry or point of sale (POS) system that captures purchase and payment information. The customer inputs the pizza order that describe the type of pizza crust, the types of pizza toppings, and any side orders. The Transaction Processing System (TPS) then processes the information inputted by the customer and updates Domino’s database with this customer’s pizza order. Next the Management Information System (MIS) helps middle management with administrative activities, controlling, decision- making, and monitoring to see if everything in the process is working well. The Management Information System (MIS) receives transaction data from the Transaction Processing System (TPS) regarding the customer’s order to condense and present this data in reports. Finally the Management Information System (MIS) outputs report information such as type of pizza toppings used, how much time it took to make the pizza, and how long it took to deliver...
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...locate a record. Not only do we offer thousands of music records, but our consumers also have the ability to record and download music to any electronic device such as an Ipod, Iphone, or Laptop. In order for the business to operate in a smooth operating manner, increase profits from record sales, and stay ahead of competitors we utilize different types of information systems that support the record store in the following functional areas: • Management Information System • Office Automation System • Transaction Processing System • Functional Area Information Systems • Increasing and Retaining the record stores’ budge Information Systems Table |TYPE |FUNCTION |EXAMPLE | |Management Information Systems |Produces reports that are summarized from transaction data |Drafts reports on total sales from each | | | |customer | |Office Automation System |Support Daily work activities of individuals and groups such|Amazing system to work in any business the | | |as Microsoft Office....
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...Name: Mathel Joy P. Berin Date: 06-25-14 Course: BS Accounting Technology Year & Section: 3B Instructor: Elizabeth Bauzon Assignment #1 CS 212: Fundamental of Information System and System Development 1. What is an information system? What are some ways information system are changing our lives? * A combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization. 2. How would you distinguish data and information? Information and Knowledge? To distinguish between data and information you need to know what each one means. Data is the raw material for processing and refers to unprocessed information. Information is processed data. Information is that which informs that from which data can be derived. Information is conveyed either as the content of a message or through direct or indirect observation of some thing. That which is perceived can be construed as a message in its own right, and in that sense, information is always conveyed as the content of a message. Information can be encoded into various forms for transmission and interpretation. Knowledge is a familiarity, awareness or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education by perceiving, discovering, or learning. Knowledge can refer to a theoretical or practical understanding of a subject. 3. Enumerate...
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...infrastructure ............................................................4 4.The benefits that Income reap from the new system............4 5.How well is Income prepared for the future?.......................5 1. The problems 1The problems faced by Income in this case: Processes were vary tedious and paper based. Despite periodic investments to upgrade the HP 3000 mainframe that hosted the core insurance applications as well as the accounting and management information systems, it still frequently broke down. The COBOL programs that were developed in the early 1980s and maintained by Income’s in-hose IT team, also broke multiple times, halted the systems and caused temporary interruptions. Transactions processing for policy underwriting was still a batch process and information was not available to agents and advisors in real time. 1.2 How were the resolved by the new digital systems? Income switched to the Java based eBao...
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...detail how the many component parts of the information system should be physically implemented Systems analyst – a business professional who uses analysis and design techniques to solve business problems using information technology Supers system a larger system that contains other system Functional decomposition – dividing a system into components based on subsystems that in turn are further divided into subsystem System boundary – the separation between a system and its environment that inputs and outputs must cross Automation boundary – the separation between the automated part of a system and the manual part of a system Transaction processing system – information systems that capture and record information about the transactions that affect the organization Management information system – information system that takes information captured by transaction processing systems and produces reports that management needs for planning and control Executive support system – support system that allow a user to explore the impact of available options or decisions Communication support system – supports systems that allow employees to communicate with each other and with customers and suppliers. Office support systems - support that help employees create and share documents including reports proposals, and memos Tools – software products used to help develop analysis and design specifications and completed system components Techniques – strategies for completing specific system development...
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...This case study pretty much talks about San Francisco and how they have changed there way of running their city over the years. Changing from a less efficient voicemail system to a more efficient way of cataloguing complaints when they come in instead of manually listening to every voicemail and writing them down. This case study explains how just changing a little bit when it comes to information systems can make such a huge difference. My allowing computers to automatically catalogue and put in a database for all to see the city has been able to manage their complaints more efficiently and make their citizens much happier. 1. How did the DTIS CRM team change the business process for dealing with abandoned vehicles in San Francisco? How did the old business process work, and what kinds of problems arose? Why was it necessary to change the business process before developing a new CRM system. Since the old system used voicemail, where complaints were given when a person called. and then had an operator that listened to all of the recordings and transferred via handwriting to some other document, the city was needing a more efficient way to achieve this. Their inefficient way had caused so many problems for the city and there was no communication between the different departments/agencies of the city. With the old system it was very easy to overlook or not realize that the same complaint was being made or how long after the complaint was made before the person listening actually...
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