...1. Why are data analysis skills and thinking so important to spend analysis? Can’t software applications be used to generate the information needed automatically? In today’s world, advanced technology has provided us with a lot of tools to help sift through and process huge amount of data. However, in spite of all this, the fact remains that data is useless without the skills to analyze it. Critical thinking is still a skill inherent only to humans. Software applications are much capable of generating data automatically, however, only one equipped with data analysis skills can translate that data into information that can support corporate decision-making. Equipped with the right data analysis skills, one would be able to select the significant data from the wide array available and turn it into actionable information. These skills are important in spend analysis as the most critical stage is making sense of the output and deriving strategic solutions based on the information available. The employment of data analysis skills and critical thinking in spend analysis is necessary to reach the goal of enjoying the benefits of spend data management which include reduced material and services costs, better supplier and product management, and lower inventory costs. 2. How might a structured process such as Six Sigma methodology be useful here? The Six Sigma Improvement Model known as DMAIC can be used in implementing spend management in the enterprise with the aim of continuous...
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...MARK: ………. % FACULTY OF ENGINEERING AND THE BUILT ENVIRONMENT DEPARTMENT OF QUALITY AND OPERATIONS MANAGEMENT OPERATIONS MANAGEMENT 3 (BPJ 33A3) Subject notes COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEMS “CMMS” Table of Contents Enterprise resource planning 5 ERP is short for enterprise resource planning 6 ERP Software Modules 6 Origin of "ERP” 7 Functional areas covered in “ERP” 7 Integrations 8 What is the basic structure of a good ERP solution? 9 Need for Enterprise Resource Planning - Why ERP? 11 ERP Overview 12 Why ERP 14 Selection Criteria of ERP 14 Implementation of ERP 15 CMMS 16 Work orders and CMMS 16 Inventory control and CMMS 17 Functions of CMMS 19 CMMS process flow 19 The maintenance processes 20 Stores Requisitioning, Stock Control and Purchasing 24 WARRANTY MANAGEMENT 25 What is Warranty? 25 STORES 27 What is a corporate store? 27 Stock classification 28 ABC 28 Disadvantage of ABC classification 29 XYZ 29 Criticality analysis 30 Consignment stock 32 STORES MODULES 32 REPORTING 34 Maintenance Reporting Requirements 35 OPEN APPLICATION INTERFACE 35 OPEN APPLICATION INTERFACE DIAGRAM 36 CUSTOMER MIGRATION 38 Computerized maintenance management or CMMS 39 Old methods provide limited benefits 46 Safety FACTORS Plans 49 ISO FACTOR 50 The Productivity Factor 51 The Cost Factor 52 7 Cost factors to CMMS Configurability 53 Areas of saving 54 Maintenance Efficiency 54 Increased...
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...FIRST QUARTER 2007 PREDICTIVE ANALYTICS Extending the Value of Your Data Warehousing Investment By Wayne W. Eckerson Research Sponsors MicroStrategy, Inc. OutlookSoft Corporation SAS SPSS Sybase, Inc. Teradata, a division of NCR www.tdwi.org PREDICTIVE ANALYTICS Extending the Value of Your Data Warehousing Investment By Wayne W. Eckerson Table of Contents Research Methodology and Demographics . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 What Is Predictive Analytics? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 The Business Value of Predictive Analytics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Measuring Value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 How Do You Deliver Predictive Analytics? . . . . . . . . .. . . . . . . . . . . . . . . . . . . . 11 The Process of Predictive Modeling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1. Defining the Project. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 2. Exploring the Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3. Preparing the Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
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...10Resources Needed by the Project 12 1.1.11 Project Success Criteria 12 1.1.12 Project Feasibility Report 12 1.1.13 Project Scope Statement 14 CHAPTER # 2 PROBLEM DESCRIPTION 15 2.1 Problem Background in a Non-Ambiguous Manner 15 2.1.1 Elaboration of the problem 15 2.2 Proposed Solution 16 2.2.1 Conclusion drawn from the Problem Area Discussed 19 2.3 Why the Problem should be studied? 19 2.4 Importance of Identified Problem 19 2.5 Nature of Challenges and Learning Capabilities 20 2.5.1 Domain challenge 20 2.5.2 Technical challenges 21 CHAPTER # 3 LITERATURE REVIEW 23 3.1. Domain Research 23 3.1.1 Commodity Trading 23 3.1.2 Algorithmic Trading 24 3.1.3 Advantage of using Algorithms in Algorithmic Trading 25 3.1.4 Web Application 25 3.2 Market Research 26 3.2.1 Similar Web Based Systems in the Market 27 3.2.1 Conclusions Derived from Market Research 29 3.2.2 Benefits of the Proposed System over Similar System Implemented 29 3.3 Services and Technology Growth in India 29 3.3.1 Internet Growth in India 30 3.2 Critical Evaluation of the Literature Review 30 CHAPTER # 4 RESEARCH METHODS 32 4.1 Primary Search 32 4.1.2 Questionnaires 32 4.1.2 Interview 37 4.2 Secondary Research 38 4.2.1 Research of Methodology Selection 39 4.2.2 Research of Web Application Development Platform 42 4.2.3 Database Research 44 4.2.4 System Architecture Research 47 CHAPTER # 5 (Part 1) ANALYSIS AND DESIGN 49 5.1 Analysis 49 5.1.1 Primary...
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...reasons. First among these was that it was simply so difficult and expensive to track and keep the high volume of records needed accurately and constantly update them. In the last several years, however, newer software systems and advanced tracking features have vastly improved CRM capabilities and the real promise of CRM is becoming a reality. As the price of newer, more customizable Internet solutions have hit the marketplace; competition has driven the prices down so that even relatively small businesses are reaping the benefits of some custom CRM programs. 1.2 In the beginning… The 1980’s saw the emergence of database marketing, which was simply a catch phrase to define the practice of setting up customer service groups to speak individually to all of a company’s customers. In the case of larger, key clients it was a valuable tool for keeping the lines of communication open and tailoring service to the clients needs. In the case of smaller clients, however, it tended to provide repetitive, survey-like information that cluttered databases and didn’t provide much insight. As companies began tracking database information, they realized that the bare bones were all that was needed in most cases: what they buy regularly, what they spend, what they do. 1.3 Advances in the 1990’s In the 1990’s companies began to improve on Customer Relationship Management by making it more of a two-way street. Instead of simply gathering data for their own use, they...
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...thing that came to mind, without any research or too much thinking about it. I found the responses interesting, amusing, and sometimes rather disturbing. Some answers were overly complicated and highly technical: n T n n n n “Representation of behaviour/real-world observations through mathematical approach designed to anticipate range of outcomes.” “A set of structured calculations, written in a spreadsheet, used to analyse the operational and financial characteristics of a business and/or its activities.” “Tool(s) used to set and manage a suite of variable assumptions in order to predict the financial outcomes of an opportunity.” “A construct that encodes business rules, assumptions, and calculations enabling information, analysis, and insight to be drawn out and supported by quantitative facts.” “A system of spreadsheets and formulas to achieve the level of record keeping and reporting required to be informed, up-to-date, and able to track finances accurately and plan for the future.” Some philosophical: n “A numerical story.” Some incorrect: n n n “Forecasting wealth by putting money away now/investing.” “It is all about putting data into a nice format.” “It is just a mega huge spreadsheet with fancy formulas that are streamlined to make your life easier.” Some ridiculous: n “Something to do with money and fashion?” 1 2 Some honest: n USING EXCEL FOR BUSINESS ANALYSIS “I really...
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...authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, (317) 572-3447, fax (317) 572-4447, e-mail: permcoordinator@ wiley.com. Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates in the United States and other countries, and may not be used without written permission. SAP® NetWeaver. All other trademarks are the property of their respective owners. Wiley Publishing, Inc., is not associated with any product or vendor mentioned in this book. GENERAL DISCLAIMER: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE...
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...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 Design for the...
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...Chapter 1 Evolution of Human REsouRcE managEmEnt and Human REsouRcE infoRmation systEms The Role of InfoRmaTIon Technology Mohan ThiTe, Michael J. Kavanagh, and RichaRd d. Johnson EDITORS’ NOTE The purpose of this chapter is to provide an introduction to the fields of human resource management (HRM) and information technology (IT) and to the combination of these two fields into human resource information systems (HRIS). The history of the field of HRM and the impact of computer technology on HRM will be covered, as well as the advent of using a human resource information system and the subsequent effects on both HR and IT professionals. The different types of HR activities will be discussed as well as the different types of information systems used in HRIS. A central focus of this chapter is the use in managerial decision making of results and reports from an HRIS. The development of the HRIS field has been seen to have a significant impact on the emergence of strategic human resource management (Strategic HRM), as is discussed in this chapter. This first chapter will lay the groundwork for the remainder of this book, and, consequently, it is important to understand thoroughly the concepts and ideas it presents. This chapter contains definitions for a number of terms in common use in the HRM, IT, and HRIS fields. (Note that a glossary defining these terms is also provided at the back of this book.) The central themes 2 Chapter 1 Evolution of Human Resource Management...
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...This page intentionally left blank Download at www.Pin5i.Com Essentials of Systems Analysis and Design Download at www.Pin5i.Com Editorial Director: Sally Yagan Editor in Chief: Eric Svendsen Executive Editor: Bob Horan Editorial Assistant: Ashlee Bradbury Director of Marketing: Patrice Lumumba Jones Executive Marketing Manager: Anne Fahlgren Senior Managing Editor: Judy Leale Production Project Manager: Kelly Warsak Senior Operations Supervisor: Arnold Vila Operations Specialist: Cathleen Petersen Creative Director: Blair Brown Senior Art Director/Design Supervisor: Janet Slowik Text Designer: Michael Fruhbeis Creative Director/Cover: Jayne Conte Cover Designer: Suzanne Duda Cover Art: Fotolia/3d mosaic/©Redshinestudio Manager, Rights and Permissions: Hessa Albader Media Project Manager: Lisa Rinaldi Media Editor: Denise Vaughn Full-Service Project Management: Tiffany Timmerman/S4Carlisle Publishing Services Composition: S4Carlisle Publishing Services Printer/Binder: Courier/Kendallville Cover Printer: Lehigh-Phoenix Color/Hagerstown Text Font: ITCCentury Book Credits and acknowledgments borrowed from other sources and reproduced, with permission, in this textbook appear on appropriate page within text. Microsoft® and Windows® are registered trademarks of the Microsoft Corporation in the U.S.A. and other countries. Screen shots and icons reprinted with permission from the Microsoft Corporation. This book is not sponsored or endorsed by or affiliated with the Microsoft...
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...Chapter 1 | Foundations of Information Systems in Business The Fundamental Roles of IS in Business Support of Business Processes and Operations . As a consumer, you regularly encounter information systems that support the business processes and operations at the many retail stores where you shop. For example, most retail stores now use computer-based information systems to help their employees record customer purchases, keep track of inventory, pay employees, buy new merchandise, and evaluate sales trends. Store operations would grind to a halt without the support of such information systems. Support of Business Decision Making . Information systems also help store managers and other business professionals make better decisions. For example, decisions about what lines of merchandise need to be added or discontinued and what kind of investments they require are typically made after an analysis provided by computer-based information systems. This function not only supports the decision making of store managers, buyers, and others, but also helps them look for ways to gain an advantage over other retailers in the competition for customers. Support of Strategies for Competitive Advantage . Gaining a strategic advantage over competitors requires the innovative application of information technologies. For example, store management might make a decision to install touch-screen kiosks in all stores, with links to the e-commerce Web site for online shopping. This offering might attract...
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...2011 download.benjaminsommer.com Benjamin Sommer [SOFTWARE ENGINEERING LECTURE NOTES] Brief and detailed notes from lectures held at the Ludwig-Maximilian-University, Faculty of Computer Science in Germany. This document neither claims completeness, nor correctness of the presented topic. Please let me know in case of errors or missing information: contact.benjaminsommer.com [SOFTWARE ENGINEERING LECTURE NOTES] October 21, 2011 OVERVIEW SOFTWARE PROCESSES SOFTWARE PROCESS MODELS PROCESS ACTIVITIES COPING WITH CHANGE THE RATIONAL UNIFIED PROCESS AGILE SOFTWARE DEVELOPMENT AGILE METHODS PLAN-DRIVEN AND AGILE DEVELOPMENT EXTREME PROGRAMMING AGILE PROJECT MANAGEMENT SCALING AGILE METHODS REQUIREMENTS ENGINEERING FUNCTIONAL AND NON-FUNCTIONAL REQUIREMENTS THE SOFTWARE REQUIREMENTS DOCUMENT REQUIREMENTS SPECIFICATION REQUIREMENTS ENGINEERING PROCESSES REQUIREMENTS ELICITATION AND ANALYSIS REQUIREMENTS VALIDATION REQUIREMENTS MANAGEMENT SYSTEM MODELING CONTEXT MODELS INTERACTION MODELS STRUCTURAL MODELS BEHAVIORAL MODELS MODEL-DRIVEN ENGINEERING ARCHITECTURAL DESIGN ARCHITECTURAL DESIGN DECISIONS ARCHITECTURAL VIEWS ARCHITECTURAL PATTERNS APPLICATION ARCHITECTURES DESIGN AND IMPLEMENTATION OBJECT-ORIENTED DESIGN USING THE UML DESIGN PATTERNS IMPLEMENTATION ISSUES OPEN SOURCE DEVELOPMENT SOFTWARE TESTING DEVELOPMENT TESTING TEST-DRIVEN DEVELOPMENT RELEASE TESTING download.benjaminsommer.com | 1 3 5 5 7 10 13 16 16 17 17 19 20 21 21 23 24 25 26 29 30 31 32 32 33 34 35 37 38 39...
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...branches which keeps its customer details which include: • Customer names • Addresses of the customers • The purchases of the type of travel they will be choosing for their travels. • The date on they will be travelling Even the staffs of each branch should have the details of any sales which includes the names of customers and their address. These data will get transmitted to the central account department. The printed documents of the travel details and customer details will be handed over to the head office at the end of each day as a result by using the confirmation of the details given by the head office will be used to type out the customer’s name and address onto a stencil on a small manual type writer. This stencil can be used to be put in a small hard machine which will stamp the name and address on an envelope. By using the stencil method there will be a communication between the branches and their customers and also can be used for mailing of brochure which describes the services of the company. For the purposes of gathering the statistics from the customer’s information the director had an idea of automating this details and the mailing lists. By looking at the mail merge facility in the word processing package on his secretary’s machine and thought of using that system which will be a cheap and a quick job and also can gain benefits by increasing the sales. The director suggested developing this project to the management consultant. ...
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...Challenges Business Applications Module I Development Processes Information Technologies Foundation Concepts FOUNDATIONS OF INFORMATION SYSTEMS IN BUSINESS Ch apt er Highligh t s L ea r n i n g O bj ect i v e s Section I Foundation Concepts: Information Systems in Business 1. Understand the concept of a system and how it relates to information systems. 2. Explain why knowledge of information systems is important for business professionals, and identify five areas of information systems knowledge that they need. 3. Give examples to illustrate how the business applications of information systems can support a firm’s business processes, managerial decision making, and strategies for competitive advantage. 4. Provide examples of several major types of information systems from your experiences with business organizations in the real world. 5. Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business. 6. Provide examples of the components of real world information systems. Illustrate that in an information system, people use hardware, software, data, and networks as resources to perform input, processing, output, storage, and control activities that transform data resources into information products. 7. Demonstrate familiarity with the myriad of career opportunities in information systems. The Real World of Information Systems Real World...
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...Images Lower right image: © David Oliver/Getty Images Additional photo credits are listed on page 516. Copyright © 2008 by Houghton Mifflin Company. All rights reserved. No part of this work may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying and recording, or by any information storage or retrieval system without the prior written permission of Houghton Mifflin Company unless such copying is expressly permitted by federal copyright law. Address inquiries to College Permissions, Houghton Mifflin Company, 222 Berkeley Street, Boston, MA 02116-3764. Printed in the U.S.A. Library of Congress Control Number: 2007924351 Instructor’s exam copy : ISBN-13: 978-0-618-83347-4 ISBN-10: 0-618-83347-1 For orders, use student text ISBNs: ISBN-13: 978-0-618-74163-2 ISBN-10: 0-618-74163-1 1 2 3 4 5 6 7 8 9—CRK—11 10 09 08 07 BRIEF CONTENTS PREFACE xi PART ONE THE ENVIRONMENT OF MANAGING NOW 1 2 3 4 MANAGING AND THE EVOLUTION OF MANAGEMENT ETHICAL AND SOCIAL ISSUES 29 MANAGING IN A GLOBAL ENVIRONMENT 59 MANAGING ENTREPRENEURSHIP AND INNOVATION 1 1 89 PART TWO INFORMATION AND DECISION MAKING NOW 5 INFORMATION AND KNOWLEDGE MANAGEMENT 6 DECISION MAKING NOW 144 116 116...
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