CS507 information system IDEA Solution

ASSIGNMENT OF INFORMATION SYSTEM

Information’s are required in almost every walk of life .It has different impacts on the different fields of the business.

FINANCE

Finance is the backbone of any venture. Information system plays a vital role in establishment of a business regarding finance.

• It enables a firm to aware of the financial needs.
•   It also tells us about financial structure of a business i.e. debt equity ratio. It also gives information about all ratios of finance.
•  How much fund will be required initially to run the business and what would be future requirements and how better, hey can be managed.
• The cheapest availability of the funds is only possible, if we have an effective and efficient information system.
• 
  

MARKETING

• The marketers have a better knowledge of the unfulfilled and under fulfilled needs of the customers.
• Through the information system ,they look for the opportunities in the market , and try to fully capitalize the opportunity .
• If  a company have a better information system , it can easily create and manage the customer data base , that ultimately guide them to the full satisfaction of the customers ,which is the ultimate objective .
• It saves the cost of the research .With the readily available information’s the need for the hectic research is not much emphasized.
• The advertisement and sales promotion activities can easily be run through this system, by keeping the desires of the customers in view.

 

PRODUCTION / OPERATONS

• The most important decision about the location of the plant, can be reached most efficiently through the information's available.
• The design and capacity of the plant, keeping in view the requirements of the customers .
• The availability of the latest technology , to be competitive in the market .
• The source of cheaper procurement of the raw material , for the quality production .
• How better scheduling can be done .
• Efficient  supply chain management system can be devised , and managed , because , this gives the company competitive edge in  the market place .
• The management of the lean and peak selling times can be actively managed .

 HUMAN RESOURCE  MANAGEMENT  DEPARTMENT

·         Human resource management has gained tremendous importance in the modern world of business.

·         Information system help the management  in determining the need of the work force required  .

·         The required qualification is very important for the department to be effective .

·         The skills of the work force to do the required job in a much better way to deliver the quality products and services , can only be traced through information system .

·         To retain the good people , is a uphill task , which is to be achieved through the research of the competitors , which can only be analysed  with a effective information system in place .

·         The future need of the executives and the workforce is calculated and forecasted through this IS , and only then their training programmer is undertaken  .

join My FB Group