ADMS 2511 Chapter Notes - Chapter 8: Capital Budgeting, Cash Flow, Manufacturing Resource Planning

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Published on 18 Apr 2013
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Chapter 8 Organizational Information Systems
8.1 Transaction Processing System
Transaction
- is any business event that generates data worthy of being captured and stored in a database
- Examples include products manufactured, service sold, person hired, and payroll cheque
Transaction processing systems
- Monitor, collect, store, and process data generated from all business transactions
- Data are inputs to the organizational database as well as functional information systems,
decision support systems, customer relationship management, knowledge management,
and e commerce
- Must avoid errors and downtime, record results accurately and securely, and maintain
privacy and security
How TPS manages data
- Data collected by people or sensors and are entered into the computer via an input device
- System processes data in one of two basic ways: batch processing or on-line processing
Batch processing
- firms collect data from transactions as they occur, placing them in groups or batches
- the system then prepares and processes the batches periodically
Real time transaction processing
- business transactions are processed online as soon as they occur
- example when we purchase an item, inventory goes down, cash increases etc
8.2 Functional Area Information Systems
Functional area information systems
- provide information primarily to lower and middle level managers in the various
functional areas
- managers use this information to help plan, organize, and control operations
Information Systems for Accounting and Finance
- manage money flows into, within, and out of the organization
- information systems are very diverse and comprehensive
Financial planning
- availability and cost of money
- cash flow projection are important b/c they tell organizations what funds they need and
when, and how to acquire them
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Document Summary

Is any business event that generates data worthy of being captured and stored in a database. Examples include products manufactured, service sold, person hired, and payroll cheque. Monitor, collect, store, and process data generated from all business transactions. Data are inputs to the organizational database as well as functional information systems, decision support systems, customer relationship management, knowledge management, and e commerce. Must avoid errors and downtime, record results accurately and securely, and maintain privacy and security. Data collected by people or sensors and are entered into the computer via an input device. System processes data in one of two basic ways: batch processing or on-line processing. Batch processing firms collect data from transactions as they occur, placing them in groups or batches the system then prepares and processes the batches periodically. Business transactions are processed online as soon as they occur example when we purchase an item, inventory goes down, cash increases etc.

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