ADMS 2511 Study Guide - Material Requirements Planning, Manufacturing Resource Planning, Financial Ratio

• School: York University
• Department: Administrative Studies
• Course: ADMS 2511
• Professor: Cristobal Sanchez- Rodriguez

Document Summary

Transaction processing systems a transaction is a business even that generates data worthy of being captured and stored in a database. Tpss collect and store data generated from transactions. Tpss must handle both low and high volume data and maintain privacy and security. Organizations try to automate tps due to the large volume of data involved, a process called source data automation. Data is processed via batch processing, in which data is placed in batches. The other method is online processing or oltp, where processing happens as soon as transactions occur. Functional area information systems fais provide information to lower and middle level managers in various functional areas. The information is used to organize and plan operations. Information systems for accounting and finance these systems are diverse and comprehensive due to the amount of money flow in and out of organizations. Knowledge about money is a key ingredient in financial planning.