BUSİNESS INFORMATİON SYSTEMS - Deneme Sınavı - 2

The purchasing process involves some set of events. These events are
• Analysing inventories
• Preparing purchase orders
• Receiving goods
• Making the payments
• Purchase returns and allowances
• Preparing reports

The transaction processing system deals with converting economic events into financial transactions; recording financial transactions into journals and ledgers, and communicating financial information to information users to support their daily operations

General ledger/financial reporting system handles the data received from the transaction cycles. GL system, updates the general ledger accounts while financial reporting systems prepar the financial reports especially for the external users.

Management reporting system creates reports for the internal decision makers. Especially the reports about costs of the business, budgets, and cash flows are created by management reporting system.

The sales process begins with receving customer order and also this is the triggering event for all the transactions within the business.

Capital budgeting, cash management, profit planning, financial forecasts, credit management are the functions of finance information systems.

Credit management policy of a business involves three steps

• Establishing credit standards

• Establishing credit terms

• Establishing collection policy

Manufacturing systems management (MSM) here is defined as a functional domain that involves all of the activities, such as design, implementation, operations and monitoring, etc., that are needed to regulate and optimise a manufacturing system as it progresses through its life cycle.

ERP is the technological backbone of e-business, an enterprisewide transaction framework with links into sales order processing, inventory management and control, production and distribution planning, and finance.

Supply chain management is as much a philosophical approach as it is a body of tools and techniques, and typically requires a great deal of interaction and trust between companies to work. However, three major developments brought SCM to the forefront of management’s attention:
• The information revolution

• Increased competition and globalization in today’s markets

• Relationship management

Customer relations management is a designed process to collect data related to customers, to get features of customers, and to apply those qualities in activities.

Computer-integrated manufacturing (CIM) is the usage of computer-controlled machineries and automation systems in manufacturing products.

e-manufacturing integrates information and decision making among data flow, information flow and cash flow. It is a business strategy and a core competency for companies to compete in this highly competitive markets

e-manufacturing integrates information and decision making among data flow, information flow and cash flow. It is a business strategy and a core competency for companies to compete in this highly competitive markets. e-manufacturing gives the opportunity of higher level of automation of manufacturing business information and improves the information flow and work flow throughout organization.

Up-selling is the aim of selling higher-value goods or services with the hope of existing customer’s buying intention.