Page 29 - DMGT505_MANAGEMENT_INFORMATION_SYSTEM
P. 29

Management Information Systems




                    Notes          Manufacturing – Computer-based manufacturing information systems help a company achieve
                                   computer-integrated manufacturing (CIM), and thus simplify, automate, and integrate many of
                                   the activities needed to quickly produce high-quality products to meet changing customer
                                   demands.


                                          Example: Computer-aided design using collaborative manufacturing networks helps
                                   engineers collaborate on the design of new products and processes. Then manufacturing resource
                                   planning systems help plan the types of resources needed in the production process. Finally,
                                   manufacturing execution systems monitor and control the manufacture of products on the factory
                                   floor through shop floor scheduling and control systems, controlling a physical process (process
                                   control), a machine tool (numerical control), or machines with some humanlike work capabilities
                                   (robots).
                                   Human Resources Management – Human resource information systems support human resource
                                   management in organizations. They include information systems for staffing the organization,
                                   training and development, and compensation administration. HRM websites on the Internet or
                                   corporate intranets have become important tools for providing HR services to present and
                                   prospective employees.

                                   Accounting and Finance – Accounting information systems record, report, and analyze business
                                   transactions and events for the management of the business enterprise.


                                          Example: Common accounting information systems include order processing, inventory
                                   control, accounts receivable, accounts payable, payroll, and general ledger systems.
                                   Information systems in finance support financial manager in decisions regarding the financing
                                   of a business and the allocation of financial resources within a business. Financial information
                                   systems include cash management, online investment management, capital budgeting, and
                                   financial forecasting and planning.



                                     Did u know? What is accounting system?
                                     Information systems that record and report business transactions, the flow of funds through
                                     an organization, and produce financial statements.
                                   Cross-Functional Enterprise Systems – Many e-business applications are integrated cross-
                                   functional enterprise applications like Enterprise Resource Planning (ERP), Customer Relationship
                                   Management (CRM), and Supply Chain Management (SCM), which also reengineers the business
                                   processes involved. Enterprise Collaboration Systems (ECS) support and enhance communication
                                   and collaboration among the teams and workgroups in an organization.
                                   These systems themselves are being interconnected with Enterprise Application Integration
                                   (EAI) software so that the business users of these applications can more easily access the
                                   information resources they need to support the needs of customers, suppliers, and business
                                   partners.
                                   Transaction Processing Systems - Online transaction processing systems play a vital role in
                                   e-commerce. Transaction processing involves the basic activities of (1) data entry, (2) transaction
                                   processing, (3) database maintenance, (4) document and report generation, and (5) inquiry
                                   processing. Many firms are using the Internet, intranets, extranets, and other networks for
                                   online transaction processing to provide superior service to their customers and suppliers.







          24                                LOVELY PROFESSIONAL UNIVERSITY
   24   25   26   27   28   29   30   31   32   33   34