...Department of Management Information Systems Assignment on: Application of Management Science in Business [Type the document subtitle] Course Title: Management Science Course Code: EMIS 517 Submitted to: Professor Dr. Abdul Hannan Mia Honorable Course Teacher, Dept. of MIS Submitted by: Name | ID | Batch | Md. Al-Mamun Riyadh | 61427-20-079 | 20th | Abdullah-Al-Kashem | 61427-20-006 | 20th | Submission date: 31st August, 2014 Management Science Management Science is concerned with developing and applying models and concepts that help to clarify management issues and solve managerial problems. The models used can often be represented mathematically, but sometimes computer-based, visual or verbal representations are used. The range of problems and issues to which management science has contributed insights and solutions is vast. It includes scheduling airlines, both planes and crew, deciding the appropriate place to site new facilities such as a warehouse or factory, managing the flow of water from reservoirs, identifying possible future development paths for parts of the telecommunications industry, establishing the information needs and appropriate systems to supply them within the health service, and identifying and understanding the strategies adopted by companies for their information systems. Scientific Planning Successful management relies on careful coordination, often using scientific methods in project planning...
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...Business: Understanding and Application of Management Principles of Management BUS 201 Toni Smith November 22, 2010 This research will focus on the understanding and application of management by addressing: Describing the role of a manager in a typical organization, the three traits an individual should possess in being an effective manager, and finally how the three traits fit the four functions of management. In order to describe the role of a manager in an organization, one must first know what a manger is, and what an organization is. A manager is a person who plans, controls, manages and directs a team of individuals. (www.blurtit.com/q360923.html[->0]) Today we talk of "managing one's boss," and of having "relationships with strategic partners, suppliers and customers." But, if partners can manage their relationships with each other, then management cannot be a one-sided, controlling activity. And, if you can manage your boss, management isn't restricted to the use of authority to control the people who report to you. Management is much more than what managers simply do to get work done through employees. Today, we can manage ourselves, our time and many other activities that don't require one to have a formal managerial role or even to manage people. This is why today, the function of management, as distinct from the role of the manager, has become everyone's business. The truth is that the role of the "manager" is only a particular...
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...Q1. What is the business of Sinosteel, what are its major challenges, and how would an ERP system address the challenges they face? Sinosteel is a company that is in charge of producing and processing metallurgical mineral resources, trading and logistics raw materials and products, and it is also related engineering technical service and equipment manufacture. The company is decentralized (it has many subsidiaries), while its business is expanding all around the world. It has core business in resources development, trade & logistics, engineering project and science & technology, equipment manufacturing and specialized service, providing comprehensive auxiliary service for steel industry, especially steel mills. Maintenance of economic and technological cooperation with other nations and global companies and strengthen its global reach. As well as, along with other state enterprises, continue efforts to expand the global control over commodities-key, thus exclusivity to get stream in the provision that will ensure a steady stream of resources to the booming economy of China. Sinosteel has grown through the acquisition of hundreds of small companies, and many medium to large size companies. In the process, the company has inherited the information systems, accounting, customer, supplier, and human resource systems and policies of its many subsidiaries. ( There will be data inconsistency problems, the system can not integrate, cause the system to chaos) They optimize...
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...Project Management Information System Table of Contents Project Management Information System 2 Introduction 2 Types of project Management Software 3 Desktop software’s: 3 Web Based software: 4 Characteristics of Project Management Software: 5 Benefits of Using a Project Management Software 7 Things to Look for When Implementing Project Management Software 7 Application of PMIS in project management stages 11 Typical Reports in a PMIS Includes: 13 Project management information systems data security 13 Conclusion: 15 Refferences: 15 Project Management Information System Introduction Since the project management is one of the core functions of a business organization, the project management function should be supported by software. Before software was born, project management was fully done through papers. This eventually produced a lot of paper documents and searching through them for information was not a pleasant experience. Once software came available for an affordable cost for the business organizations, software development companies started developing project management software. This became quite popular among all the industries and these software were quickly adopted by the project management community. Project Management Information System (PMIS) is used by upper and lower management to communicate with each other. Project Management Information System (PMIS) help plan, execute and close project management goals. Definition Project...
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...Information Technology Vol.6, No.6 (2013), pp.281-290 http://dx.doi.org/10.14257/ijhit.2013.6.6.25 Enterprise Business Processes System Analysis and Design Geng Yushui and Sun Jianjun School of Information, Qi Lu University of Technology Jinan250353, China gys@qlu.edu.cn, 631901036@163.com Abstract At present, more and more enterprises or departments seek to extend the application of information technology to the more complicated business processes, these business processes are characterized by a number of business activities, capable of handling multiple business objects, business logic and business rules complex. Thus, the enterprise business process management system arises at the historic moment. Enterprise business processes management system is not only a software product that provides a single function, but also you can customize for the different areas of the business process according to user's actual business needs. In the process of management platform, Process simulation for the process simulation module is put forward based on probability analysis, and for the process modeling module, more collaborative process modeling technology is put forward. In the business application layer, process monitoring application based on application driven is proposed. Positioning in the implementation of enterprise business process management system for business process simulation software implementation or, as well as to simulate the processes or processes of monitoring...
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...3. PREAMBLE 3.1 Introduction Nat-ventory is an application that shall be used by the sales executives, sales manager and inventory manager which shall ease their work to perform the required task, to keep a track of the inventory management system. In today's business environment, even small and micro enterprise businesses have come to rely on computerized inventory management systems. The inventory firms operating in industries that feature high volume turnover of raw materials and finished products, cloud based storage system have emerged as a key component of business strategies aimed at increasing productivity and maintaining competitiveness. Inventory management is one of the key activities of business logistics, that has always...
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...Report for 2005 Jackie Fenn, Alexander Linden This year, we celebrate the 10th anniversary of Gartner's Hype Cycles. More than 1,600 information technologies and trends across 68 markets, regions and industries are evaluated in the most comprehensive assessment of technology maturity in the IT industry. © 2005 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner's research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice. ANALYSIS Gartner's Hype Cycles highlight the relative maturity of technologies across a wide range of IT domains, targeting different IT roles and responsibilities. Each Hype Cycle provides a snapshot of the position of technologies relative to a market, region or industry, identifying which technologies are hyped, which are suffering the inevitable disillusionment and which are stable enough to allow for a reasonable understanding...
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...IVEy Richard Ivey School of Business The University of Western Ontario 910E08 IBM CANADA LTD.: IMPLEMENTING GLOBAL STRATEGY Ken Mark wrote this case under the supervision of Professor Deborah R. Compeau solely to provide material for class discussion. The authors do not intend to iIIustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction, storage or transmittal without its written permission. Reproduction of this material is not covered under authorizalion by any reproduction rights organizalion. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, e/o Richard Ivey School of Business, The University of Western Ontario, London, Onterio, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2010, Ivey Management Services Version: (A) 2010-03-29 INTRODUCTION "Sorne managers are asking us to delay the switch from our locally supported CRM software to the new global application," said Peter Silvanovich, business transformation executive, Sales & Distribution, IBM Canada Ud. (IBM Canada). Silvanovich had responsibility for - among other things - introducing, maintaining and retiring software programs to support IBM Canada's business needs. On October 12, 2009, Silvanovich...
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...examines the tradeoff between costs and benefits from the customer’s perspective. This strategy will be utilized for Logistics’ pricing discussion, but will incorporate the perceived value of competitors’ products as well. FileNET FileNET’s product offerings include three brands: Panangon, Acenza, and Brightspire. Panangon serves as the infrastructure and application development platform for content management, and it is currently being targeted towards finance, insurance, government, telecommunications, utilities, and manufacturing industries.(VARbusiness) Acenza permits linkage to customers, partners, and employees through a variety of applications. Brightspire provides the business integration framework. (Delphi) More extensive research on Brightspire may be of value because FileNET’s description of the product, in its press release cited by Business Wire, makes it sound similar to Logistics. Specifically, “…Brightspire was developed to address the need for a standard, re-usable software framework for eBusiness that is designed to be quick to deploy and requires little or no custom software development.” (Business Wire2) Perceived benefits Value in relative use FileNET’s product line offers several benefits in terms of functional use. First of all, faster process development is attainable through the use of process templates. Another benefit is synchronization of multiple processes, which allows a process to wait for another to be completed. FileNET’s product offerings...
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...Business Process Management: Past, Present, Future Wil M.P. van der Aalst Information technology has changed business processes within and between enterprises. More and more work processes are being conducted under the supervision of information systems that are driven by process models. Examples are workflow management systems such as Staffware, enterprise resource planning systems such as SAP and Baan, but also include many domain specific systems. It is hard to imagine enterprise information systems that are unaware of the processes taking place. Although the topic of business process management using information technology has been addressed by consultants and software developers in depth, a more fundamental approach has been missing. Only since the nineties, researchers started to work on the foundations of business process management systems. As a result, many questions still wait to be answered. Moreover, new developments like Web Services pose new ones. Trends To put workflow management in the proper context, it is interesting to consider ongoing trends. In the sixties information systems were built on top of a small operating system with limited functionality. Since no generic nor domain specific software was available, these systems mainly consisted of tailor-made applications. Since then each year new types of product software are absorbing new functionality. Today's operating systems offer much more functionality than in the sixties. Database management...
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...Student's Name: Xianwei Meng Date: 26/8/2011 Module title: Enterprise Resource Planning Words: 5023 Information Systems Study For Bandon Group Inc. 1. Introductions Bandon Group is a family owned distributor of office equipment. It is famous for its good customer service, technical support, and innovative products, and excellent in providing products with quality and services at cost-effective price. The Group now has four divisions, and they decentralize to meet the different needs of their local markets. Corporate headquarters handles the central administrations and information systems support. The primary objective of Bandon Group is to generate 10% profit for the reinvestment. They hope to establish excellent sales organization and professional service organization. To achieve these goals, Bandon Group has taken many measures. As to the information systems, they have administrative information systems, most of which are generic, and in which the meter click billing software unique for industries. However, the legacy system can not satisfy its growth and expansion now. Their director of information technology has searched for commercial off-the shelf package to support the administrative information system, and selected OMD. The OMD system supports meter-based billing, and has Web-based interface. However, it is not built with relational database, which makes the ad hoc difficult. Sales tools of Bandon Group such as sales prospecting still...
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...ERP packages are heavily used by larger retail chains. Designed to facilitate the administration and optimization of internal business processes across an enterprise, ERP packages have become the competitive tool for most large retail organizations. An ERP software uses a single database that allows the different departments to communicate with each other through information sharing. ERP systems comprise function-specific components that are designed to interact with the other modules such as the Order Entry, Accounts Payable, Accounts Receivable, Purchasing, Distribution etc. ERP systems comprise of different modules such as order entry, purchase, sales, finances, inventory management, DRP (Distribution Resource Planning) and human resources. The components are designed to work effortlessly with the rest of the system and provide a consistent user interface throughout the system. ERP software packages have an enterprise wide reach that offers cross-functional capabilities to the organization. The different functional departments involved in the operations or inventory processes are integrated into a single system. An ERP package takes care of the various business processes such as order entry, logistics and warehousing. It also caters to the different business functions such as accounting, marketing, strategic management and the human resource management. Contemporary Challenges to the Retail industry In the current...
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...Technology for Management Transforming Organizations in the Digital Economy International Student Version EFRAIM TURBAN, University of Hawaii at Manoa LINDA V O L O N I N O , Canisius College with contributions by: CAROL POLLARD, Appalachian State University . JANICE C. SIPIOR, Villanova University DOROTHY LEIDNER, Baylor University LINDA LAI, Macau Polytechnic University of China CHRISTY CHEUNG, Hong Kong Baptist University DEBORRAH CRISTOBAL, University of Santo Tomas, Philippines WILEY & Sons, Inc. CONTENTS 4 Networks and Collaboration as Business Solutions 112 I IT Supports Organizational Performance in Turbulent Business Environments 1 Toyota Scion's Innovative Advertising Strategies 2 1.1 Doing Business in the Digital Economy 4 1.2 Information Systems and Information Technology 11 1.3 Business Performance Management, Business Pressures, Organizational Responses, and IT Support 13 1.4 Strategy for Competitive Advantage and IT Support 18 1.5 Social Computing and Networking and Virtual Worlds 25 1.6 Why Should You Learn About Information Technology? 29 1.7 Plan of the Book 30 1.8 Managerial Issues 31 Minicase: NHS Hospitals Adopt Wireless 35 G Information Technologies: Concepts, Types, and IT Support 38 Mary Kay's IT Systems 39 2.1 Information Systems: Concepts and Definitions 41 2.2 Classification and Types of Information Systems 42 2.3 How IT Supports People 52 2.4 How IT Supports Supply Chains and Business Processes...
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...products/services and benefits 3 Article review: Enterprize resource planing in reengineering business…………….....6 Reflective piece 2: Impact of Internet Technology on ERP 7 Benefits and adrawbacks of Web - based ERP systems 8 Reflective Piece 3: Understanding of ERPsim Game 10 Reflective Piece 4: Data mining and competitive advantage 12 Applications of Data mining 13 Reflective Work 5: ERP Sim Experience 15 List of References 17 List of Tables Table 1. SAP Business suite applications 3 Table 2. List of benefits and drawback of ERP systems 5 Table 3. Benefits and drawbacks of web - based ERP systems 9 Table 4. Individual roles of the group members 10 REFLECTIVE PIECE 1 – SAP and Article Review SAP- SAP – company, products/service and benefits Formed in 1972, SAP (Systems, Applications, and Products in Data Processing) is seen today as the largest inter-enterprise software firm in the global market. Due to the wide range of products that they have, SAP has become the third largest independent software solutions supplier for businesses. The headquarter of the company is located In Walldorf, Germany, However, they have subsidies in over 50 countries and thousands of customers in more than 150 different countries. SAP is present in the America's, Asia and Europe (SAP 2012). SAP provides a Business Suite which is a package of applications that offers companies the opportunity to integrate information and processes as well as improve...
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...huge company that provides enterprise software and computer hardware products and services. It develops, manufactures, markets, hosts, and supports database and middleware software, applications software, and hardware systems. It is organized into three businesses: software, hardware systems and services. Its software business consists of two segments: new software licenses and software license updates and product support. It’s hardware systems business consists of two segments: hardware systems products and hardware systems support. It authorizes database and middleware software, including database and database management, application server and cloud application, service-oriented architecture and business process management, business intelligence, identity and access management, data integration, Web experience management, portals, and content management and social network software, as well as development tools and Java, a software development platform; and applications software comprising enterprise resource planning, customer relationship management, financials, governance, risk and compliance, procurement, supply chain management, enterprise portfolio project and enterprise performance management, business intelligence analytic applications, Web commerce, and industry-specific applications software. It also provides customers with rights to unspecified software product upgrades and maintenance releases; Internet access to technical content; and Internet and telephone access...
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