SMG IS 223- Midterm Exam Guide - Comprehensive Notes for the exam ( 69 pages long!)

• School: Boston University
• Department: Information Systems
• Course: SMG IS 223
• Professor: Jeff Allen

Document Summary

****metcalf"s law: as more people use it, the value of it raises. Works even when the desired endpoint isn"t known, if there is a basis for determining when one prototype is better than another. Reasons for external acquisition ( purchasing an existing system from an outside vendor : Productivity paradox : cons of it: measurements (somethings can"t be quantified, time lags (benefits could take a while to be realize, redistribution, mismanagement. Core business processes: order to cash, process of selling goods or services and collecting revenue for them, the order-to-cash process includes every aspect of receiving an order, fulfilling it, and receiving payment for the same. Like a cash registure: marketing and sales ii, manufacturing and operations. Accounting and finance: procure to pay, the process of ordering goods or services and paying for them, the procure-to-pay process is the opposite of order-to-cash. Like amazon when they get goods from outside vendors i. ii: manufacturing, make to stock/make to order.