The Total of the Students:
The Process of the Students
Wednesday, 9 August 2017
Lo4. BE ABLE TO USE IT TOOLS TO PRODUCE MANAGEMENT INFORMATION.
4.1 Tools
4.1.1 Database
A database is a collection of information that is organized so that it can be easily accessed, managed and updated.
4.1.2 Artificial intelligence
Artificial Intelligence is a way of making a computer, a computer-controlled robot, or a software think intelligently, in the similar manner the intelligent humans think.
4.1.3 Spreadsheets
A spreadsheet is a sheet of paper that shows accounting or other data in rows and columns.
4.1.4 Internet
4.2 Gather information
4.2.1 Define the requirement
A requirement some quality or performance demanded of a person.
4.2.2 Establish sources of information
we need to interviewing the people or searching to internet.
4.2.3 Define other factor to be considered
Outsourcing considerations
-Coordination, information exchange, and paperwork problems
Globalization
-Use internet to find information systems of supplier and customs located around the world
-Companies can now focus on their core competencies - quality and delivery.
4.2.4 Select information
mean we need to select information form were we need to search information.
4.3 Analyse information
4.3.1 Quality of information
Quality of information is an important concept.
4.3.1.1 Validity of information
For information to be valid, it must be both accurate and reliable.
4.3.1.2 Accuracy of information
is the correctness of the information. Normally, the higher the accuracy of the information, the better is its quality.
4.3.1.3 Currency of information
Currency is all about context, and it’s important to think about whether the publication date makes sense in relation to your argument.
4.3.1.4 Relevance of information
data that applies to the situation or problem that can help towards finding a solution
4.4 Management information
4.4.1 Report
4.4.1.1 Sales Report (Example)
4.4.1.2 Population statistics (Example)
A population is a complete set of individual, objects, and measurements having some common characteristics
4.4.1.3 Marking Analysis (Example)
is an assessment, which allows you to determine how suitable a particular market is for your industry.
4.1.1 Database
A database is a collection of information that is organized so that it can be easily accessed, managed and updated.
4.1.2 Artificial intelligence
Artificial Intelligence is a way of making a computer, a computer-controlled robot, or a software think intelligently, in the similar manner the intelligent humans think.
4.1.3 Spreadsheets
A spreadsheet is a sheet of paper that shows accounting or other data in rows and columns.
4.1.4 Internet
A means of connecting a
computer to any other computer anywhere in the world is along as dedicated on routers and
servers.
4.2 Gather information
4.2.1 Define the requirement
A requirement some quality or performance demanded of a person.
4.2.2 Establish sources of information
we need to interviewing the people or searching to internet.
4.2.3 Define other factor to be considered
Outsourcing considerations
-Coordination, information exchange, and paperwork problems
Globalization
-Use internet to find information systems of supplier and customs located around the world
-Companies can now focus on their core competencies - quality and delivery.
4.2.4 Select information
mean we need to select information form were we need to search information.
4.3 Analyse information
4.3.1 Quality of information
Quality of information is an important concept.
4.3.1.1 Validity of information
For information to be valid, it must be both accurate and reliable.
4.3.1.2 Accuracy of information
is the correctness of the information. Normally, the higher the accuracy of the information, the better is its quality.
4.3.1.3 Currency of information
Currency is all about context, and it’s important to think about whether the publication date makes sense in relation to your argument.
4.3.1.4 Relevance of information
data that applies to the situation or problem that can help towards finding a solution
4.4 Management information
4.4.1 Report
4.4.1.1 Sales Report (Example)
A record of calls made and products sold during a particular time
frame kept by a salesperson or their management.
A population is a complete set of individual, objects, and measurements having some common characteristics
4.4.1.3 Marking Analysis (Example)
is an assessment, which allows you to determine how suitable a particular market is for your industry.
EasyBib Blog. (2017). How do you evaluate currency in your research. [online] Available at: http://www.easybib.com/guides/students/writing-guide/how-do-you-evaluate-currency/ [Accessed 10 Aug. 2017].
Ecomputernotes.com. (2017). What is Quality of Information?. [online] Available at: http://ecomputernotes.com/mis/what-is-mis/quality-of-information [Accessed 10 Aug. 2017].
Google.com.bn. (2017). other factor to be considered information - Carian Google. [online] Available at: https://www.google.com.bn/search?rlz=1C1LENP_enBN726BN726&biw=1440&bih=794&tbm=isch&sa=1&q=other+factor+to+be+considered+information+&oq=other+factor+to+be+considered+information+&gs_l=psy-ab.3...72352.74472.0.76667.13.13.0.0.0.0.112.1104.5j6.11.0....0...1.1.64.psy-ab..2.0.0.1Om7TzlRdtI#imgrc=pBQ3ZUQpEyDFeM: [Accessed 10 Aug. 2017].
Study.com. (2017). What is Market Analysis? - Definition & Examples - Video & Lesson Transcript | Study.com. [online] Available at: http://study.com/academy/lesson/what-is-market-analysis-definition-examples.html [Accessed 10 Aug. 2017].
Wednesday, 2 August 2017
Lo3 MIS Company
Soundside Software
Co-Founder and Lead Technologist of Soundside Inc.,
David Horowitz, is an industry veteran with over 30 years of experience
servicing clients and fulfilling their needs, providing custom development and
integration solutions using a wide array of technologies. Key clients include
companies such as Siemens Healthcare, Adobe Systems and Avid Technology. David
specializes in Microsoft technologies including solutions for Microsoft Office
(VBA and VSTO for Word, Excel, Access, PowerPoint, Outlook), .NET and SQL
Server, and also including Siebel Proposals, MySql, PostgreSQL, Oracle, Java,
Node.js, Angular, C#, VB.NET, ASP.NET, and C++.
http://www.soundsidesoftware.com/about/
Lo3 Know the features and functions of information systems part 2
3.4 Types of information system
3.4.1 Management information systems
3.4.2 Other
Marketing Information system
-The results of marketing research that are used to plan for future marking or product development activities.
Financial Information system
Human resources Information system
3.5 Management information systems (MIS)
3.5.1 Features;
3.5.2 Benefits;
3.5.3 Effectiveness criteria e.g accuracy, sustainability, response, times, confidence
3.4.1 Management information systems
A management information system (MIS) is
a computerized database of financial information organized and programmed in
such a way that it produces regular reports on operations for every level of
management in a company.
Marketing Information system
-The results of marketing research that are used to plan for future marking or product development activities.
Financial Information system
-A financial information system is a type of business
software used to input, accumulate, and analyze financial and accounting data. It
produces report such as accounting report, cash flow statements, and financial statement.
The output produced helps in making good financial management decisions thus
helping the managers run the business effectively.
-The Human Resource
Information System (HRIS) is a software or online solution for the data entry,
data tracking, and data information needs of the Human Resources, payroll,
management, and accounting functions within a business. It is useful for all
processes that you want to track and from which you hope to gather data.
3.5 Management information systems (MIS)
3.5.1 Features;
- MIS is permanent and continuous system.
- its basic objective is to provide right information
- it is a computer based system.
3.5.2 Benefits;
- MIS increases productivity
- MIS enhances the quality of decision-making
- MIS improves communication and helps develop team work
3.5.3 Effectiveness criteria e.g accuracy, sustainability, response, times, confidence
- Accuracy – it must be as accurate as any other source
- Sustainability- the information must be reliably
- Response Times- It needs to have specific time when the days starts
- Confidence- there must be confidence so faults must be corrected quickly and the users need to be informed of upgrades
Inc.com. (2017). Management Information Systems (MIS). [online] Available at: https://www.inc.com/encyclopedia/management-information-systems-mis.html [Accessed 2 Aug. 2017].
BusinessDictionary.com. (2017). What is marketing information? definition and meaning. [online] Available at: http://www.businessdictionary.com/definition/marketing-information.html [Accessed 2 Aug. 2017].
university of education, L. (2014). Financial Information System. [online] Slideshare.net. Available at: https://www.slideshare.net/inam12/financial-information-system-31999556 [Accessed 2 Aug. 2017].
The Balance. (2017). What, Exactly, Is a Human Resources Information System?. [online] Available at: https://www.thebalance.com/human-resources-information-system-hris-1918140 [Accessed 2 Aug. 2017].
Smallbusiness.chron.com. (2017). Characteristics of a Good Management Information System. [online] Available at: http://smallbusiness.chron.com/characteristics-good-management-information-system-59060.html [Accessed 2 Aug. 2017].
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