Week 1 of Notes for BIS 300 (Chapter 1)
Week 1 of Notes for BIS 300 (Chapter 1) BIS 300
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This 2 page Class Notes was uploaded by Keith Cubert on Thursday August 27, 2015. The Class Notes belongs to BIS 300 at Northern Kentucky University taught by Chad Allen Anderson in Fall 2015. Since its upload, it has received 78 views. For similar materials see Management Information Systems in Information technology at Northern Kentucky University.
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Date Created: 08/27/15
Chapter 1 Information Systems are broader in scope than information technologies but the two overlap in many areas Both are used to help organizations be more competitive and to improve their overall efficiency and effectiveness Computer literacy Skill in using productivity software such as word processors spreadsheets database management systems and presentation software and having basic knowledge of other things Information literacy understands the role of info in generating and using business intelligence Business Intelligence Provides historical current and predictive views of business operations and environments to gain the competitive advantage 0 0 Internal and external sources of data How data is collected Why data is collected What type of data should be collected How data is converted to information and eventually to business intelligence How data should be indexed and updated How data and info should be used to gain a competitive advantage Transaction processing systems TPS Focus on data collection and processing for cost reduction Management Information Systems MIS Is and integration of hardware and software technologies data processes and human elements to present timely decision making purposes The following below are Major components of an information system Data Database Process Information The quality of information is determined by its usefulness to its users To be useful information must have the following qualities Timeliness Integration with other data and information Consistency and accuracy and Relevance The following on the next page are some examples of decisions supported by the bold acronyms Chapter 1 BIS 300 Personal Information Systems PIS Human Resource Information Systems HRIS Choosing best job candidate Scheduling and assigning employees Predicting the organization s future personal needs Providing reports and statistics on employee demographics Allocating human and financial resources Logistics Information System LIS Improving routing and delivery schedules Selecting the best modes of transportation Improving transportation budgeting Improving shipment planning Management Information Systems MFIS Ordering decisions Product cost calculations Space utilization The bid evaluation process used with vendors and suppliers Analysis of price changes and discounts Financial Information System FIS Improving budget allocating Minimizing capital investment risks Monitoring cost trends Managing cash flows Determining portfolio structures Marketing Information Systems MKIS Analyze market share sales and sales personnel Sales forecasting Price and cost analysis of items sold Gaining the competitive advantage Overall cost leadership Differentiation Focus Potential entrants Threat of new entrants Industry Competitors Suppliers Buyers Bargaining Bargaining power Rivalry among existing competitiors power of Buyers of suppliers Substitutes Threat of substitute products of services
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