ITM 102 Lecture Notes - Lecture 2: Cash Flow, Management System, Accounts Payable

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Robert Hudyma

Document Summary

The manner in which work is organized, coordinated and focused to produce a valuable product of service. May be tied to functional area or be cross-functional. Businesses: can be seen as a collection of business processes. How information technology improves business processes: increasing efficiency of existing processes. Automating steps that were manual (e. g. inventory management: enabling entirely new processes that are capable of transforming the businesses. Change flow of information (e. g. online sales) Eliminate delays in decision making (e. g. automatic triggers) Perform and record daily routine transactions necessary to conduct business, e. g. sales order entry, payroll, shipping. Allow managers to monitor status of operations and relations with external environment. Serve predefined, structured goals and decision making. Business intelligence: data and software tools for organizing, analyzing, and providing access to data to help managers and other enterprise users make more informed decisions. Pro(cid:448)ide reports o(cid:374) fir(cid:373)"s (cid:272)urre(cid:374)t perfor(cid:373)a(cid:374)(cid:272)e, (cid:271)ased o(cid:374) data fro(cid:373) tp .