...probabilistic system Give an example of each and identify system boundaries. 03. I (a) (b) (6) Why does a decision maker resort to bounded rationality in a decisionmaking situation? Can a decision be called as right or wrong? What is the measure of correct decision? (6) Write short notes on: (3x2=6) (i) Marketing Information System (ii) Human Resource Information Systems (HRIS) 04. (a) (b) (c) What are the characteristics of MIS? How do MIS differ from TPS? (4) What are the three basic components of a DSS? Briefly describe each. (4) Differentiate: Data Driven DSS and Model Driven DSS. (4) 05. (a) (b) What is strategic Information System (SIS)? (4) Discuss the importance of VALUE CHAIN ANALYSIS of an organization. (8) 06. (a) Discuss the various issues involved in What is OUTRSOURCING? (8) outsourcing software. (4) Write a short note on Business Process Reengineering (BPR). (b) 07. (3x4=12) Explain the following: (a) ERP (b) Supply Chain Management (c) CRM ********...
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...Low farmer price realization Surplus production Significant wastage - ` 330 billion (US$ 7.3 billion) annually AND TO CAPITALIZE GROWING DOMESTIC FOOD MARKET CURRENTLY ESTIMATED AT US$ 182 BILLION IN 2008, EXPANDING AT A CAGR OF 4.1% 1 21-Dec-10 10 Mega Food Parks established, 60 Agri Export Zone conceived Integrated Cold Chain project being implemented National Institute of Food Technology Entrepreneurship & Management established Source - IBEF Food processing sector is having less than 10% of the total manufacturing industries and dominated by SME & unorganized sector ……. 2 21-Dec-10 India decides to have the Public Policy response to this issue …….. • Dedicated Ministry at the Union Government level formed; • Policy on Food Processing Industries formulated to initiate shift from supply to demand driven; • Value Chain approach considered; • Significant Budgetary allocation; • 100% FDI allowed except alcohol & beverage sector & items reserved for SSI; • Emphasis n food safety, hygiene and regulations; Effective Government schemes are in place ……. Focus INFRASTRUCTURE DEVELOPMENT Schemes Mega Food Park Cold Chain infrastructure Modernization of Abattoirs TECHNOLOGY UPGRADATION & MODERNIZATION QUALITY ASSURANCE, CODEX STANDARDS, R&D Schemes for existing FPI UNITS R&D Setting up/ up-gradation of Quality Control/ Food Testing Laboratories HACCP, ISO 14000, ISO 22000, GHP, GMP Quality, Safety Management HUMAN RESOURCE DEVELOPMENT INSTITUTIONAL STRENGTHENING...
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...Abstract The paper examines the key factors influencing the adoption of e-business technology by SMEs. To this end, the paper draws on a range of literatures on the diffusion of new information and communication technologies (ICTs), many of which have hitherto been treated as separate. The reasons for this are two-fold. First, e-business technologies are the latest in a line of new ICT technologies. When exploited successfully, ICTs have increased firm competitiveness either by raising the efficiency of internal communication and organisation and/or supply chain relationships, or by facilitating the development of new/improved products and services. Second, it is hypothesised that many of the factors affecting the successful adoption of new technologies are generic in nature. With regards to SMEs specifically, consideration of earlier research may assist us in identifying a set of enablers and barriers to e-business adoption. Hence, by explicitly acknowledging the context and prior history of research in the area, we are able to map out the dimensions of future theoretical and empirical research in e-business adoption by SMEs. In addition to drawing together factors identified by existing research, the paper highlights the implications of network externalities for the timing of technology investments and the returns that accrue to early and late adopters. It also draws attention to a number of problems associated with the analytical concept of ‘the SME’ when it...
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...ASSESSING METHANOL PRODUCTION IN CHINA FOR METHANEX by Gabriel Wong Bachelor in Business Administration, Simon Fraser University, 2000 PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In the Faculty of Business Administration © Gabriel Wong, 2010 SIMON FRASER UNIVERSITY Summer 2010 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without permission of the author. APPROVAL Name: Gabriel Wong Degree: Master of Business Administration Title of Project: Assessing Methanol Production in China for Methanex Supervisory Committee: __________________________________________ Dr. Pek-Hooi Soh Senior Supervisor Assistant Professor __________________________________________ Dr. Aidan Vining Second Reader CNABS Professor of Business and Government Relations Date Approved: __________________________________________ i ABSTRACT Methanex is the world leader in methanol production and marketing. China is an important market; by 2014 it is forecasted to account for 50% of global demand. The purpose of this project is to determine whether Methanex should invest in methanol production in China. The project approach uses a multi-goal analysis focusing on three goals: (1) Consistent with Corporate Vision, (2) Sustainment of Existing Competitive Advantages, and (3) Profitability. Based on the analysis, the...
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...and 9) 1. Concepts of MIS/IS 2. What’s New in Management Information Systems? 3. Digital Firm 4. Strategic Business Objectives of Information Systems 5. Information Systems (IS) Vs. Information Technology (IT) 6. Perspectives on Information Systems 7. Information System and its Functions 8. Contemporary Approaches to Information Systems. 9. Dimensions of Information Systems 10. Defining IT infrastructure: 11. Evolution of IT infrastructure 12. The IT Infrastructure Ecosystem 13. Types of Structured Business Information Systems 14. Systems That Span the Enterprise Concepts of MIS/IS: Management Information Systems: MIS means the whole network of systems which support the organization to manage their business affairs. • Many organizations have information systems that are entirely manual. Such systems are a subset of a wider class of systems, computer-based information systems, which rely on information technology as well as humans for their operational functions. IS need not be necessarily computer-based. Management information systems (MIS) deals with behavioral issues as well as technical issues surrounding the development, use, and impact of information systems used by managers and employees in the firm. As such, MIS is defined as the study of information systems focusing on their use in business and management. • Management information systems (MIS) combines computer science...
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...EXAM(not including DFD time) ___150mins_________ GENERIC ANSWERS/ANALYSIS WILL NOT GET CREDIT * Use double space & 11 or 12 font * BE VERY SPECIFIC (Quality is important than quantity, but do not shortchange your answers) * TO GET CREDIT YOUR ANALYSIS MUST FOLLOW CONCEPTS IN THE BOOK & READINGS. * DO NOT GO OFF ON generic TANGENTS. * MAKE reasonable ASSUMPTIONS IF YOU NEED TO and list them READ CAREFULLY AND ALLOCATE YOUR TIME WISELY!!!!! TO BE SUBMITTED: Create a zip file and include the following: * This Exam with answers (including Evidence FORM) * Excel spreadsheet related to Q7 Q#1 Multiple Choice: (3 points) 1. A supervisor having to decide when to reorder supplies or how best to allocate personnel for the completion of the project is an example of a _________ decision. a. structured b. unstructured c. semi-structured d. none of the above 2. Each team has only one home stadium and each stadium can have many home teams. This is an example of what kind of relationship between TEAM and STADIUM? a. 1:1 b. 1:m c. m:n d. m:1 3 Amazing electronic ( a fictious company), an electronic retailer, recently declared bankruptcy and went out of business. This would, typically, A) increase Buyer’s power B) increase Supplier’s power C) make it easy for others to enter the electronic market D) None of the above Q2. Wendy’s International, a...
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...Chapter 2 IT Infrastructure and Support Systems IT at Work IT at Work 2.1 Western Petro Controls Costs with its Trade Management System For Further Exploration: Which processes are being automated and why? PetroMan is a comprehensive trading system that triggers buying and selling activities and integrates contract management, risk management, accounting, and pipeline scheduler. Using the PetroMan, the company can place bids and automatically capture a contract for refined products; and schedule and confirm deliveries in pipelines. PetroMan also handles the resale of fuels, including electronic invoicing and a credit module that checks and tracks a customer’s credit risk. This tracking is done by hedging large purchasing contracts by selling futures on the New York Mercantile (Commodities) Exchange. By hedging, the company protects itself against the risk of a large drop in oil prices. The software is plugged directly into the primary commodity exchanges--automating the process. Why is controlling risk important? By hedging, the company protects itself against the risk of a large drop in oil prices. The software is plugged directly into the primary commodity exchanges--automating the process. Does PetroMan provide Western Petro with a competitive advantage? Explain. Competitive advantage is defined as the strategic advantage one business entity has over its rival entities within its competitive industry. Achieving Competitive Advantage strengthens and positions...
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...TWO PAPERS IN SUPPLY CHAIN DESIGN: SUPPLY CHAIN CONFIGURATION AND PART SELECTION IN MULTIGENERATION PRODUCTS by Sean Peter Willems B.S.E. Economics Wharton School, University of Pennsylvania, 1993 S.M. Operations Research Massachusetts Institute of Technology, 1996 Submitted to the Alfred P. Sloan School of Management in partial fulfillment of the requirement for the degree of Doctor of Philosophy in Management at the Massachusetts Institute of Technology February 1999 Copyright © Massachusetts Institute of Technology, 1999. All rights reserved. Signature of Author _____________________________________________________ Alfred P. Sloan School of Management January 26, 1999 Certified by ____________________________________________________________ Stephen C. Graves Abraham J. Siegel Professor of Management Co-director, Leaders for Manufacturing Program Accepted by ___________________________________________________________ This page intentionally left blank 2 TWO PAPERS IN SUPPLY CHAIN DESIGN: SUPPLY CHAIN CONFIGURATION AND PART SELECTION IN MULTIGENERATION PRODUCTS Abstract by Sean Peter Willems Submitted to the Alfred P. Sloan School of Management on January 26, 1999 in Partial Fulfillment of the Requirements for the Degree of Doctor of Philosophy in Management Increasing competitive pressures are forcing companies to increase their rates of innovation. The increasing rate of innovation shortens each product’s duration in the market, thereby compressing each product’s...
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...Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The six important business objectives of information technology are new products, services, and business models; customer and supplier intimacy; survival; competitive advantage; operational excellence; and: 1) _______ A) improved decision making. B) improved business practices. C) improved efficiency. D) improved flexibility. 2) Which of the following choices may lead to competitive advantage (1) new products, services, and business models; (2) charging less for superior products; (3) responding to customers in real time? 2) _______ A) 1 only B) 1 and 2 C) 2 and 3 D) 1, 2, and 3 3) An information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support: 3) _______ A) decision making and control in an organization. B) the creation of new products and services. C) communications and data flow. D) managers analyzing the organization's raw data. 4) The three activities in an information system that produce the information organizations use to control operations are: 4) _______ A) information retrieval, research, and analysis. B) input, processing, and output. C) input, output, and feedback...
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...3 Assignment 2 Simulation Models For Supply Chain Design By, Toney Randle November 14, 2011 B6110 XA Supply Chain Optimization and Outsourcing For Professor Judith Blando Argosy University Atlanta How good is Simulation Software? In the Real World Sounds like talk of some blockbuster movie like the Matrix or something. Looking a little deeper, there appears to be a sort of familiarity of flavors when one really looks deeper into the goings on with software when it is introduced in to a real world challenge. Can simulation software predict and create the perfect world for supply chain managers. Can the technology really live up to the hype? Some would say the technology is groundbreaking and has not yet reached its full potential. So, who is using the stuff? Is it making a difference in the real world? Let’s find out. There happens to be a product that’s a hit in the supply chain software market and some say its living up to the supply chain management hype. Software mogul, LLamasoft is reporting, “LLamasoft is a proven leader in supply chain modeling and analytics software. Every year, companies save millions of dollars and significantly improve their supply chain service levels using LLamasoft products and expert support services (Supply Chain Designer has a new leader, 2011).” The proclamation has been made. On top of that, the company boasts of the latest product, “Supply Chain Guru has achieved certified integration with SAP...
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...Riordan Manufacturing’s Supply Chain Design OPS/571 August 3, 2015 Riordan Manufacturing’s Supply Chain Design Introduction A company’s supply chain design is crucial in helping to understand what the key activities and drivers are to the results produced which includes operational results, sales results, and financial results. An efficient supply chain will help a company to both efficiently and effectively produce a quality product to meet and satisfy customer demand. The key aspect involved in the design of a supply chain begins with a manufacturing strategy that will be the method of executing the plan. Next will be the understanding of the process flow by developing charts of how inputs and resources are transformed into outputs. A crucial component in evaluating a process flow is the use of key indicators and metrics to benchmark performance. Lean principles will provide a framework for process performance. Next a company must evaluate their relationships with their suppliers and understand how they affect the supply chain as this is the first step required with any successful supply chain. Then lastly sales forecasts and aggregate planning will be used to help define the requirements to meet demand. An evaluation will be conducted on a specific company to show how each of these components are implemented into the design. The company that will be evaluated is Riordan Manufacturing. Manufacturing Strategy Riordan Manufacturing produces plastic beverage...
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...The Supply Chain Management Association Table of Contents Executive Summary…………………………….…………………………………..3 Environment and Root Cause Analysis…………………………………….4 Issue Identification……………………………………….…………………………4 Alternatives and Options………………………………………………………..5 Recommendations…………………………………………….…..……………….6 Implementation…………………………………………………..………………….6 Monitor and Control……………………………………………..……….………7 Exhibit One: ………………….…………………………………….………….…….7 Exhibit Two: ………………….…………………………………….………….…….8 Executive Summary “How should the company use emerging information technologies and ides from new high tech industries to change the way it interacted with suppliers?” Supply chain management at Ford was a push system until 1995, at this time the model changed to a made to stock system. Due to the complexity of the existing supply chain, there is an urgent need for change. Founded over a 100 years ago, Ford currently has many processes in place, that will not be changed in an easy, cost effective manner. Dell uses a virtual integration business model that has been modified throughout the past 15 years to be as efficient as possible for Dell. Implementation of virtual integration business model, similar to Dell, will make the supply chain more cost effective, therefore increasing revenues. However, based on the differences within the two industries, I recommend a partial implementation of virtual integration model. Using information technology Ford Issue Identification ...
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...CHAPTER 13 – STRUCTURE OF THE SUPPLY CHAIN AIMS OF THE CHAPTER Products move through a series of operations in their process. This movement usually includes a physical flow of goods, and then we refer to the flow of materials through a supply chain. This chapter introduces the concept of logistics – or supply chain management – which is responsible for this flow. The chapter looks at the broad area of design, emphasising the number of points on the supply chain, the best locations for these, and the relationships between them. The aim of the chapter is to introduce the concept of supply chain management. More specific aims are to: • Explain the role of logistics – or supply chain management Logistics – which is equivalently known as supply chain management and sometimes physical distribution – is responsible for all the physical movement of materials. This includes movement into the process from suppliers, through operations, and then out of the process to customers. It is difficult to think of any business activity that does not depend, to some extent on logistics supplying required materials. Activities generally included in logistics are procurement, inward transport, receiving, warehousing, stock control, order picking, material handling, distribution, recycling, returns and waste disposal, location and associated communications. • Appreciate the role and importance of supply chains A supply chain consists of the series of activities and organisations...
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...MIS – Homework ES Week 1 1. An information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support: (Points: 2) Decision making and control in an organization. Communications and data flow. Manager's analyzing the organization raw data. The creation of new products and services. 2. The fundamental set of assumptions, values and ways of doing things that has been accepted by most of a company's members is called its: (Points: 2) Culture Environment Atmosphere Values 3. Networking and telecommunications technologies, along with computer hardware, software, data management technology, and the people required to run and manage them, constitute an organization's: (Points: 2) Data management environment Networked environment IT infrastructure Information system 4. Key corporate assets are: (Points: 2) Intellectual property, core competencies, and financial and human assets. Production technologies and business processes for sales, marketing, and finance. Knowledge and the firm's tangible assets, such as goods and services. Time and knowledge. 5. A managerial element in the UPS tracking system described in the chapter is: (Points: 2) Taking inventory Providing package status reports to customers The decision...
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...Academic Workshop on “When Data is Ubiquitous: How to Succeed in a World of Big Data”. We are thankful to Omar El Sawy and other participants at the workshop for their insightful comments. We would also like to offer our sincere gratitude to the anonymous retailer and big data analytics company that provided so much time and insight concerning their experiences with monetization of big data. 1 Corresponding Author 1 Data Monetization: A Retailer’s Journey The ability to monetize a company’s data has been an elusive goal. However, in the era of big data, business intelligence and analytics, and cloud computing, this goal is becoming more achievable. The retail industry, with its exacting merchandising strategies and tight supply chain relationships, has taken the lead in demonstrating that monetizing data can provide a significant revenue stream and be an IT cost sharing mechanism. Point of sale, consumer loyalty, and inventory data can be sold to suppliers and some of the cost of analyzing the retailers' data can be recovered from their suppliers. This case study outlines the path one retailer followed in monetizing its data,...
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