...locate a record. Not only do we offer thousands of music records, but our consumers also have the ability to record and download music to any electronic device such as an Ipod, Iphone, or Laptop. In order for the business to operate in a smooth operating manner, increase profits from record sales, and stay ahead of competitors we utilize different types of information systems that support the record store in the following functional areas: • Management Information System • Office Automation System • Transaction Processing System • Functional Area Information Systems • Increasing and Retaining the record stores’ budge Information Systems Table |TYPE |FUNCTION |EXAMPLE | |Management Information Systems |Produces reports that are summarized from transaction data |Drafts reports on total sales from each | | | |customer | |Office Automation System |Support Daily work activities of individuals and groups such|Amazing system to work in any business the | | |as Microsoft Office....
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...their selections. True Vinyl will allow our customers to browse through our physical store or shop online to find the record; we will also offer in-store pick-up or safe fast shipping for our online customers. The key to our store’s success will be information systems. True Vinyl will need to utilize both computer-based forms as well as non-computer based types of information systems in order to be successful in providing excellent service and products to our customers. For True Vinyl, I propose utilizing: • Functional Area Information System for payroll this would help this business system for processing and payroll. The sales would have to be cost effective to be able to support the increase of employee’s to purchase this system. • Transaction Processing System this system would help out in sales with policies, procedures, equipment to help with point of sales. • Office Automation Systems this would help with middle managers, and knowledge workers. These employees would schedule resources for record sales projection with calendars and would communicate with e-mail, voicemail, videoconferencing and groupware. • Supply Chain Management System would help employees manage flow of products from various suppliers. If a customer is looking for a certain record we can look when we would be getting it in and...
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...manner dependent on each other is somehow important in this case, since the condo (which is different from a cooperative) professional, who can negotiate on behalf of the products so that they can 'benefits "like the big producers in relation to the input and the Smithfield area, so there is a relationship dense (strong), with long-term contracts with Smithfield, which symbolize the evolution of a weak to a reciprocal relationship, while synergistic. 1) To draw the net chain NetChain Sources of value – SCA (Sequential interdependence) 1) Optimize production and operations a. Logistics b. Reduce costs c. Highly Increase the efficient operation 2) Reduce transaction costs d. Level of product...
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...Critically comment on the transaction cost based theory of Construction procurement and evaluate its potential as a practical tool in the Selection of procurement systems Abstract This term paper will provide comprehensive reviews on the entire literature involving transaction cost economics (TCE) in construction procurement. It will also critically describe the transaction cost based theory of construction procurement and also give an evaluation of its potential as a critical tool in the selection of procurement systems. The paper will also explore how TCE has emerged from most economic roots to examine empirical phenomena in construction procurement. TCE has been increasingly applied not only to business-related fields such as finance, accounting, organizational theory and marketing but also to the construction industry. Most construction industries have recently moved to practice innovative working techniques that will involve great collaboration and interrelationships that has been in the past. While these benefits such as collaborative and improved ways of working are discussed, but so little is evident about their cost. Hence there proves to be a diverse evidence showing the cost of procurement and more competitive and traditional practices. The purpose of this term paper is to try and examine the transaction based theory of procurement that is used in construction industry. Introduction Ever since it emerged in the early 1970s (Williamson 1971) the new...
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...1. Explain the challenge of producing accurate cost estimates when working in harsh geographical conditions. These conditions were a bit of challenge for this project. It would be hard to predict accurate cost estimates due to a number of factors in this project. Setting up in this area is particularly hard due to the fact that it was to be set up in a region that is close to the Pakistani border. They would have to set up security contracts, first of all to protect everyone involved in the project. The site was several hundred kilometers from the larger cities. They would have to set up living quarters and transportation. It probably made it even harder since the contractors do not know the area. The area is also remote so you have to account for getting the supplies to the location. I would assume there was a lot of activity based costing going on here. The real problem I see would be to plan for all these cost estimates. They would have to do some research on a project “like” this and see what costs were accrued in that project or they are going to be taking some educated guesses on how much this is all going to cost. Also the weather in this mountainous terrain will add more cost to the project. The challenge would have been hard for this project because of all the variables that the contracting team would have had to put up with. Security, terrain, transportation of people and resources and living quarters being at the front of the...
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...FARSIGHTED PROJECT CONTRACT MANAGEMENT: INCOMPLETE IN ITS ENTIRETY PROFESSOR J RODNEY TURNER, (Department of Marketing and Organization, Rotterdam School of Economics Erasmus University Rotterdam) 1. PROJECT ORGANIZATION: COOPERATION VERSUS CONFLICT There are two ways of viewing a project organization, what I would consider to the correct way, and the normal way, respectively: • • a temporary organization, (Turner and Müller 2003), through which the owner assembles resources and motivates them, in a climate of cooperation, to achieve their objectives; a market place, in which the owner buys the project’s outputs at the cheapest possible price, in a climate of conflict with their contractors, where one will win the other lose. In the more common approach, the client adopts the mindset they are going to buy the project’s outputs in the local bazaar, and negotiates hard to achieve the lowest possible price from the vendor (contractor). The negotiation is viewed as a win-lose game. A climate of conflict and mistrust develops, and this spills over into project delivery, usually leading to a lose-lose outcome. Scott (2001) says this approach results in misalignment between the client's and contractor's objectives, between the objectives of multiple contractors, and between the client's objectives and the contractor's remuneration. Turner and Müller (2003) view the project as a temporary organization, through which the client assembles resources to achieve their objectives. As...
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...Margaret Caldwell 2789 Arviara Park-way Carlsbad, CA 92008 Dear Mrs. Caldwell We received your letter on November 11 regarding the transactions made at Wilson’s Gourmet market. It’s our priority to thoroughly investigate situations which inconvenience our customers with any of their accounts. Our goal is to continuously improve our services and protect our clients from erroneous transactions. Unfortunately, due to the nature of some transactions common amongst our clientele, we are unable to credit a reimbursement. Our assessment based off the analysis conducted of all the information surrounding your claim, we have verified that the transactions with reference number 1440022-22839837109 were three separate transactions made on the same day at Wilson’s Gourmet market. Transaction numbers generated by this vendor are produced daily, not hourly, so the purchases made on the day of these transactions; $23.02, $110.95, and $47.50 retain the same transaction number. In addition, we conducted an investigation on the vendor’s register and credit machine which concluded that they were operating correctly and without miscalculation. We are very sorry to inform that we will not be able to approve a refund of $181.47 to your checking account, because these charges were not a result of the bank or merchant error. You are a valued customer and...
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...Proposal Daniel Metzgar BIS220 June 20, 2011 Bud Stinson TABLE OF CONTENTS Title 1 Table of Contents 2 Abstract 3 Data Information Systems 3 Introduction 3 Executive Dashboard ______________________________________________________________ 3 Transaction Processing System ______________________________________________________ 4 Office Automation System _________________________________________________________ 4 Image 1.1 _______________________________________________________________________ 3 Table 1.1 5 Summary of Findings 5 References 7 Abstract Information systems is a vital part of a business plan. The key is to find the right information for our company. The three informaton systems we will discuss are the Executive Dashboard, Transaction Processing Systems and Office Automation Systems. Each of these systems have a distinct purpose and some are better suited for our needs than others. An executive dashboard can help us determine how sales are doing for our company. A transaction processing system will allow us to complete sales for our customers in a more efficient manner. An office automation system can be used to create any reports we may need to track finances and create invoices for our customers. The information here will help determine which is best suited for the new record store...
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...services where other methods (e.g., Corporate Purchasing Card System, Preferred Supplier Agreements, and Standing Purchase Orders) are not suitable. 2. Discuss the advantages and disadvantages of a procurement card system Advantages/Pros: A major benefit from using procurement cards is reduced purchasing transactions costs. A pre-procurement card study of transactions costs for items that did not have an established contract revealed an average transactions cost of $150. This includes the cost to requisition, place, receive and inspect, and process payment through accounts payable. A study after initiating procurement cards revealed an average transactions cost of $50, which includes user time for reconciliation. Furthermore, users appear satisfied with the procurement card system. Before full-scale launching of the card, purchasing conducted a six-month trial program with 300 users. After the trial period, purchasing surveyed these users concerning their satisfaction with the card program. More than 75 percent were positive about the procurement card program. Negative comments came from high- volume transaction users who were not prepared or organized to do a monthly reconciliation. Although PPL has currently issued over a thousand procurement cards, current usage levels are lower than what management anticipated during development. Part of this is due to certain supervisors not allowing subordinates to use ...
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...DMB/380 February 10th 2014 DMB/380 February 10th 2014 Art Museum Database By: For the past couple of years, a local art Museum has been collecting different art pieces from various artists. The Museum then displays the art throughout different galleries across town. The collection has significantly grown and it is now complicated for the museum to keep track of the many different artist and their different art pieces and collections, as well as where the art is located, whether it is stored in different galleries or the Museum itself. It is important for the Museum to develop a database that can keep track of the different art pieces, the artists, the different locations the pieces can be located and a total amount of pieces collected since it continues to grow at a very fast rate. The database will help the Museum substantially as well as the artists who create many various art pieces. Problems and Constraints The Museum continues to grow and it has become difficult for the manager and staff to keep track of the art collection. Not having a database that can tie the artist with his art and the location of it has caused the Museum to lose some of the different art pieces which in return equal financial losses to the Museum. Another problem the Museum continues to have is keeping track of when and where the art is being displayed. Most of the art is displayed for a period of time throughout the different galleries then either stored back...
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...economical resources, implement spatial and temporal flexibility. 5. Managing information systems in a modern organization is challenging because: Both of the following are correct: the systems are very expensive to acquire, operate, and maintain; and the systems are critical to the organization’s operations. 6. Process and procedures are important but not critical to the effective use of computer based information systems. False 7. HR information systems, POM information systems, CRM information systems, and marketing information systems are usually classified as: Functional area information systems 8. One impact of IT will be to decrease the numbers of managers employed in organizations. True 9. While information systems, such as transaction processing systems, generate more information for managers to process, other information systems, such as BI___, help them analyze this information to make better-informed decisions. 10. Telepresence systems can help make Global outsourcing a more popular choice for small and medium enterprises. 11. Which of the following is a useful, cost-effective, hands-on, and safe teaching tool in the medical field? Simulation environments. 12. Integrating its SAP ERP system with FlexNet has enabled L’Oreal to: Create a global, central IT system that supports all of the company’s factory processes, Bring factories online much more quickly, Maintain...
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...are listed below in the order that they will be discussed from most advantageous to least. * Office Automation System- This system would help us because it supports the clerical staff, lower and middle managers, and knowledege workers. Our employees would develop word processing and desktop publishing software which could help us from scheduling customers to checking our email. * Transaction Processing System- The TPS is very helpful in that it would allow us to monitor, collect, store, and process data from our basic business transactions. * Management Information System- This would help us produce reports that are summarized from transaction data from the sales we record to customers. * Supply Chain Management System- This system will help us record how the flow of our materials are transported from suppliers to factories to the customer. * Funtional Area IS- This supports the activities within a specific functional area and could be used as setting up a process for payroll. Information System | Cons | Office Automation System | Does not support Executives | Transaction Processing System | Mostly done online now, need computer knowledge necessary | Management Information System | Can be expensive to install and requires maintenance | Supply Chain Management System | Requires large investment of time, money, and resources | Functional Area IS | Only concern a specific functional area | | |...
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...Lessons from Alibaba.com: government’s role in electronic contracting Qin Hu Xun Wu and Clement K. Wang The authors Qin Hu is a Lawyer, Legal Counsel of China Merchants Sekou Industrial Zone Company Limited, Shenzhen, China. Xun Wu is based at the Wharton School, University of Pennsylvania, Philadelphia, Pennsylvania, USA. Clement K. Wang is Associate Director (Research), NUS Enterprise Centre, National University of Singapore, Singapore. Introduction Story of Alibaba.com The development of e-commerce has been nothing short of explosive in recent years. Many believe that its growth and impact will only become more prevailing in the future. The sale of goods by US firms over the Internet, for example, is predicted to reach $1.3 trillion by 2003. By 2004, European enterprises are expected to have online sales of $1.6 trillion[1]. Companies in China, with the largest population in the world, are also probing this new source of revenue. The China Internet Network Information Center (CNNIC) issued an Annual Report in Internet Development in January 2000 that estimates that there were 22.5 million Internet users in China at the end of 2000[2]. A recent nationwide survey showed that China had more than 1,100 consumer related e-commerce Web sites by the end of the first quarter in 2000 (People’s Daily, 2000). Four Web companies, Sina.com, Sohu.com, China.com, and Netease.com have already been listed on the NASDAQ. However, the country’s e-commerce market is still in its infancy....
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...In 1996, Arauco acquired Alto Paraná in Argentina to expand its land holdings and production capacity of pulp. Alto Paraná produces approximately 350,000 tons of pulp in its own pulp mill, which is supplied by its own plantations (50%) and third parties (50%). Alto Paraná frequently enters into negotiations with third parties, but must contend with substantial transaction costs due to the remoteness of the Alto Paraná facility. These transaction costs, in the form of transportation expenses, drastically decrease profit margins. In our analysis of Alto Paraná’s operations, we calculated the quasi-rents to be $61.7/ton. Given these costs, we believe that Arauco made the right business decision to vertically integrate Alto Paraná’s operations to own both forests and pulp production facilities. In order to calculate quasi-rents, the components of transaction costs to both the pulp mill and the forest, and each party’s next-best selling and buying alternatives (if they were to stop conducting business with each other) must be evaluated. If the pulp mill does not procure softwood from the surrounding forest plantations it would have to acquire it from Corrientes, which is 300 km away. As such, Alto Paraná would incur additional transportation costs (assuming cost of wood is the same at both places) over the new supply route. This value (Tcpulp) comes out to $14.4 / ton (see Appendix). If the local forested wood cannot be sold to the pulp mill in Alto Paraná, it will have to be...
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...are high-priced medications. Founded by Mr. Mendoza, Mendoza Drugstore was established on March, 2011 in Santa Maria, Bulacan. The company has two employees and one administrator. Although the pharmacy provides cheap but effective medicines to their townsmen, problems arise with the pharmacy performance. The sales and inventory transactions in the store using only calculator has a very slow processing considering they do not have a computerized sales and inventory system yet. The processing of sales and inventory usually begins when a customer buy medicines over the counter. The employee will now perform the sales transaction. After the transaction, receipts should be given to the customers but they still do not have a receipt processing system. On the other hand, the medicines bought by the customers should be automatically reduced in the inventory area. Newly delivered medicines are also processed in the inventory. 1.2 Conceptual Framework Figure 1.0 Conceptual Framework of the Proposed System Figure 1.0 presents the main obstacles of the pharmacy since it settled down to business. From slow point of sale transactions...
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