...Journal The Evolution of Information Management By Don Hatcher, Bill Prentice Customers today are demanding better service, lower prices, and higher quality goods. With such a volatile economy in recent years and with so many businesses competing for the same customers, it is imperative for companies to continually improve their customer service or else risk falling victim to their competitors. This is one reason why many organizations are rethinking how they do business. For years, they have accumulated valuable information as a by-product of production while failing to put it to good use. When a company knows its customers’ buying patterns, interests, and demographics, it provides a distinct competitive advantage. This knowledge has become so critical in recent years that the process of managing information has become an industry of its own. How does a company manage its strategic information assets in today’s rapidly changing business environment? What challenges arise out of that task? Are there any preventive measures that can ease the “growing pains” associated with moving from one information paradigm to the next? No matter how simple or convoluted the current information architecture is, evolving companies’ effective use of information can help them achieve a level of sustainable competitive advantage that can be measured on the bottom line. [pic] Figure 1. The Information Evolution Model and its Five Levels The Information Evolution Model Companies...
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...How MIS Affects Organizational Functions The Management Information Systems (MIS) plays a very important role in business environment to become a significant strategy of its organization operation. According to Linda Banks, the author of “The Tea Room News”, she mentions the impact of MIS to business processes is “Management Information Systems (MIS) not only include software systems, but the entire set of business processes and resources that are used to pull together information from functional or tactical systems” (B, 2015). Basically, the MIS is described as data collected system which analyzes data in order to provide appropriate information related in business performances. That information will be valuable for different levels of its management. On this paper, we will discuss the effect of MIS on executive level of business decision making, organizational department levels; and its contributions on production sales. In the level of competitive business environment nowadays, business owners have to react immediately with the sudden change of current activity of organization. By the way, the decision needs to be quick and accurate. According to Watson H.J and Mann R.I, the co-author of the article “Information Systems for Management” published in 1987, stated that “The MIS supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers" (Watson H.J , Mann R.I, 1987). Obviously...
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...devices. Information management: The planning, budgeting, control and exploitation of the information resources in an organization. It comprises of information relating to personal, finance, marketing, organization and technology. It helps in the coordination and integration of a wide range of information about the activities inside the organization. The information include the formulation of corporate information policy, design, evaluation and integration ofeffective information systems and services, the exploitation of IT for competitiveadvantage and the integration of internal and external information and data. Data management: Data management is an organization's management of information and data for secure and structured access and storage. It includes creating policies for the government, analysis and architecture, database management, integration systems, data security and data source. Is comprises of a variety of different techniques that facilitate and ensure data control and flow from creation to processing, utilization and deletion. It is a main part in an IT industry as data and information builds up the organization. Infrastructure: It is the basic facilities, services and installations needed for the functioning of an organization. It is the underlying base or foundation needed especially by industries or companies to function with ease. Information management consists of computers, instructions, stored facts, consumers and procedures. The management information...
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...Question 1: From an analytical prospective, explain how information systems relate to the way Zara runs its business. What types of systems are the most essential for this company in its current environment? Zara is a clothing company that was founded in 1975 and came from Spain. Its under Inditex group which owns other brands such as Massimo Dutti, Pull & Bear, Oysho, Uterques and many more companies. Zara grew very fast and currently in 2012 has 1,617 stores worldwide. With a large name in the fashion industry, besides that, Zara faces tough competition internationally including H&M, Benetton, and GAP. In order to keep up with the speed chic, Zara need to keep up also with the information system to run their business. Information systems is a critical tool in todays world in business and even our daily lifes, Zara uses information systems to succesfully speed up the entire value chain process. This is because it takes the retailer 10 to 12 months to develop a fashion model and see it through the point of where the goods arrive in the store, but with information systems, Zara uses quarter of that time for the whole process. Besides that, Zara achieves this by using information systems in their stores to provide the design team innovative ideas. In a way Zara’s success could be also attributed to their information system tools employed at their production level. A designer checking for sketches with associates to market specialists, all the way to cross-functional...
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...Context of Research Management Information Systems deals with how information and communications technology can be used to achieve strategic goals. Information technology has become an essential part of the rapid and accurate transfer and processing of enormous volumes of data processed in international transport firms and port organisations such as the Kingston Container Terminal (KCT). The proper management of systems, which process this information and communicate it to those who manage port operations, is vital for efficient transport. This explains why container-tracking systems are given high priority among operational computer applications in ports. The focus of this research is on providing an awareness to the use of cutting-edge technology to solve important organisational problems at (KCT). KCT is one of the region’s leading container transshipment ports and consists of three terminals—the North, South and West Terminals. During recent years transshipment has caught on in the Caribbean and a large number of transshipment ports have been developed. Additional transshipment ports are under construction or being planned. While the basic premise of transshipment is evident, the question arises if radical changes in logistics or supply chain operations and technology introduce new challenges which may negate some of the basic assumptions underlying the transshipment concept as operationally and economically advantageous. KCT competes with many ports located in...
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...Course Technology’s Management Information Systems Instructor and Student Resources Introduction to IS/MIS Principles of Information Systems, Eighth Edition • Stair, Reynolds Fundamentals of Information Systems, Fourth Edition • Stair, Reynolds Management Information Systems, Sixth Edition • Oz Information Technology in Theory • Aksoy, DeNardis Office Applications in Business Problem-Solving Cases in Microsoft Access & Excel, Sixth Annual Edition • Brady, Monk Succeeding in Business Applications with Microsoft Office 2007 • Bast, Gross, Akaiwa, Flynn, et.al Succeeding in Business with Microsoft Office Excel 2007 • Gross, Akaiwa, Nordquist Succeeding in Business with Microsoft Office Access 2007 • Bast, Cygman, Flynn, Tidwell Databases Database Systems, Eighth Edition • Rob, Coronel Concepts of Database Management, Sixth Edition • Pratt, Adamski Data Modeling and Database Design • Umanath, Scamell A Guide to SQL, Seventh Edition • Pratt A Guide to MySQL • Pratt, Last Guide to Oracle 10g • Morrison, Morrison, Conrad Oracle 10g Titles Oracle9i Titles Enterprise Resource Planning Concepts in Enterprise Resource Planning, Third Edition • Monk, Wagner Data Communications Data Communications and Computer Networks: A Business User’s Approach, Fourth Edition • White Systems Analysis and Design Systems Analysis and Design in a Changing World, Fifth Edition • Satzinger, Jackson, Burd Object-Oriented Analysis and Design with the Unified Process • Satzinger, Jackson, Burd Systems Analysis and...
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...The Patient Protection and Affordable Care Act and the Impact on Quality of Care A steady stream of information has flooded our media sources talking about the Patient Protection and Affordable Care Act (ACA) for several years now. This act signed into law by President Obama on March 23, 2010 has been one of the biggest steps towards a comprehensive health care reform for all Americans. The fundamental goals of the ACA are to decrease the cost of health care, increase the quality of health care services and make health care accessible to all, particularly the uninsured (Williams, 2013). The increase of individuals that will be soon be insured will have a huge impact on the existing structure of our health care system, especially the quality of care that can be provided to patients along with the implementation or improvements that are being made to the electronic health record systems being used (or implemented) in hospitals or other health care settings. There have been many critics and supporters of the ACA since it was signed into law in 2010. One of the most significant changes being discussed is the requirement for all individuals to have health insurance either provided by their employer or by purchasing an individual insurance plan; all individuals are required to have health insurance by January 1, 2014 or pay tax penalties that will be imposed. Individual health insurance plans will be available through a state-based American Health Benefit Exchange (Kaiser Family...
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...Information Systems Management Joe Jelenek / K00121194 Information Systems Management Joe Jelenek / K00121194 Why it does not matter Why it does not matter Discuss the following statement using arguments for and against the point of view stated: Technology does not create a competitive advantage. Instead, it is the appropriate management of technology that creates a competitive advantage. Why IT does not matter The whole world of e-commerce and using IT within businesses started by inventing the personal computer and connecting the world and business with theirs customers via internet. The spending of the resources on IT by businesses was increasing more and more towards the end of the century. In the last decade it was nearly 50% of the capital expenditures. Carr (2003) says that any business has equal access to the computer technology because it is affordable and as the technology evolves and innovates, the price goes down more rapidly. That means the IT does not gives the advantage to the organization, but it’s the way organization manages the IT, how it aligns the IT with the organizations business goals that gives it the competitive edge against the competition. IT becomes just a commodity and cost of doing business. What makes it truly strategic is tis scarcity. Another area that has to be looked at when adopting IT technologies is if to use proprietary or infrastructural (open standard) technology. The proprietary technology is protecting...
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...Develop Production Database for Plant Operations Division Scott Peterson Columbia College Author Note This paper was prepared for Business Information Systems 393, taught by Ricky Martin Due 10 May 2012 Veracity Communications was formed, in 2002, by a small company called Off Campus Telecommunications. Veracity Communications was a provider offering phone, internet and cable services. One such company they contracted their services through was IProvo. IProvo was a public-private partnership located in Provo. The City of Provo constructed a fiber optic infrastructure that connected homes and business throughout the city as well as municipal, schools, etc. Provo city owned and maintained the fiber optic lines and equipment while privately owned companies, such as NuVont, Mstar and Veracity Communications, offered phone, internet and cable through IProvo’s network. Construction on IProvo’s infrastructure began in 2004 and was completed in December 2006. In August 2008 Provo city sold IProvo to a local company called Broadweave Networks. One year later Broadweave merged with Veracity Communications which became Veracity Networks. They are a locally owned company that provides telecommunications to both small and large businesses and residential homes alike. It is interesting that they chose the name “Veracity” for their business name since veracity is defined as “conformity to truth or fact” and “correctness or accuracy, as of the senses or of a scientific instrument...
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...------------------------------------------------- Types and Terminology The terms Management Information System (MIS), information system, Enterprise Resource Planning (ERP), and information technology management are often confused. Information systems and MIS are broader categories that include ERP. Information technology management concerns the operation and organization of information technology resources independent of their purpose. Most management information systems specialize in particular commercial and industrial sectors, aspects of the enterprise, or management substructure. * Management information systems (MIS), produce fixed, regularly scheduled reports based on data extracted and summarized from the firm’s underlying transaction processing systems[5] to middle and operational level managers to identify and inform structured and semi-structured decision problems. * Decision Support Systems (DSS) are computer program applications used by middle management to compile information from a wide range of sources to support problem solving and decision making. * Executive Information Systems (EIS) is a reporting tool that provides quick access to summarized reports coming from all company levels and departments such as accounting, human resources and operations. * Marketing Information Systems (MIS) are Management Information Systems designed specifically for managing the marketing aspects of the business. * Office Automation Systems (OAS) support...
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...attacks per week in 2010 was only around 50. More than 78 percent of the annual cybercrime can be labeled as denial of service, malicious code, malevolent insiders, and stolen or hijacked devices. Businesses have no choice but to spend an increasing amount of money, time, and energy in order to protect themselves against these cyber-attacks that seem to be reaching unsustainable levels. Even though some companies are finding ways to lower the cost of security measures, the cost of time and energy spent cannot be eased. No matter what the solution is, it will always take time to incorporate any security and energy to maintain those securities. Additional key findings include: * Information theft and business disruption continue to represent the highest external costs. On an annual basis, information theft accounts for 44 percent of total external costs, up 4 percent from 2011. Disruption to business or lost productivity accounted for 30 percent of external costs, up 1 percent from 2011. * Deploying advanced security intelligence solutions can mitigate the...
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... an information system management plan needs to be established in order to oversee employment and management, as well as meet the needs of Acme’s stakeholders including employees, customers, suppliers, shareholders and investors. The plan has a goal of improving aspects such as sales and marketing, budgeting, planning, hiring and training all while using technology to assist in the assignment of roles, and to discover correlations between profits, performance, and competitors. System Objectives & Information Requirements of Stakeholders The goals and scope of the Information Systems plan is to identify how the plan will help each stakeholder group obtain the necessary information, data, and equipment required in order to complete the tasks associated with each group. A stakeholder is someone that has put a level of trust and interest into a business, project, or idea. Regarding the Acme Mexico City project (AMC), the stakeholders consist of those employed by AMC, buyers of the product, suppliers, and their shareholders and investors. All of the needs of the stakeholders will be met by the AMC information system, which will help to organize departments such as human resources, marketing, operations management and sales. Human Resources is defined as a department which “maintains policies, plans and procedures for the effective management of employees” (Baltzan, 2011). This includes the hiring and training of those employed by AMC and maintaining the information and data...
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...Critical Information System for Huffman Trucking All businesses have a need for information systems, whether it is a transaction, management, or executive system. Some information systems are more critical to an organization than other information systems. Huffman Trucking is in the logistics business. Logistic businesses need an information system with versatility to their needs. A management information system is a critical information system essential for Huffman Trucking. Management Information System According to Sap Ag (n.d.), “An information system uses informative key figures to aid the rapid detection of existing problem areas and analyze their origin. Business transactions that are often performed thousands of times in one day form the basis for these key figures. An information system therefore has to access aggregated data in order to gain a quick overview.” Huffman Trucking has truckers spread out over the nation and they need a management information system with expediency and able to access adequate information, which is required at a moment’s notice. The information required is to be reliable and with a management information system their information will be updated every time new information is entered and saved or saved and continued. The last thing a trucker needs is to have the wrong address about a destination and be on the wrong side of a city or state. Another fundamental feature of an operation system stated by freetutes...
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...McD Information system There are many types of information systems used in McDonalds such as : Transaction Processing System (TPS) First transaction happens when two people make an exchange, and collecting data about it called transaction processing, so transaction processing is collecting, storing, modifying, and retrieving the transactions of an organization. Transaction system is important to answer routine questions, and it helps to conduct business such as payroll, employee record keeping or paying an employee. It's important to store the data of the transaction save and protected because transaction generally involves an exchange of money which is critical to any organization. How Transaction Processing System is implementing in McDonalds? McDonalds everyday sells a huge amount of hamburgers ,so McDonalds should order raw material from its supplier , each time McDonalds place an order with its supplier , a transaction happens , and the transaction processing system records the relevant information such as supplier ‘name , address , the quality of the items purchased and finally the invoice amount. Decision support system (DSS) Decision support system is used to model data and make quality decision based on the data , making the right decision is usually based on the quality of the data and one's ability to analyze the data , Decision Support Systems are usually computer applications with a human component. They can sift through large amounts...
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...Business ACC/542 Version 3 Accounting Information Systems | Copyright © 2012, 2009, 2007 by University of Phoenix. All rights reserved. Course Description In this course, students examine the fundamentals of accounting systems design. Topics include business information systems, business processes and data flows, database concepts and tools, internal control and risks, auditing the information system, and using the information system to perform audit functions. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Bagranoff, N. A., Simkin, M. G., & Strand Norman, C. (2008). Core concepts of accounting information systems (10th ed.). New York, NY: Wiley. Hunton, J. E., Bryant, S. M., & Bagranoff, N. A. (2004). Core concepts of information technology auditing. Hoboken, NJ: Wiley. O’Brien, J. A. & Marakas, G. M. (2008). Management information systems (8th ed.). Boston, MA: McGraw-Hill...
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