Brick & Mortar, Nostalgic Record Store is offering music for every genre to include tracks, cassette tape, vinyl records and CD’s. With information systems rapidly growing this will allow our business to rapidly grow with convenience as business owners and to our customers. “Information Systems are combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization” (Information Systems, 2013).
These systems will provide customers the choice of how they would like their music formatted, for example an online download or on a track player.
Information systems will help our business develop a plan, and manage the daily operations of the company. In using information systems these types of information systems will be essential to our business: a functional area IS system, office automation system, management information system, transaction processing system, executive dashboard and, a supply chain information system. These functions will help with the internal part of the business like processing payroll, accounting, activity reports and with external parts of the business like tracking credit card sales and cash sales.
Using many types of information systems will help us produce new products, analyze, to customer satisfaction to our day to day functions of the business. Types of Organizational Information Systems Table 1 Information Systems Functions Payroll processing Office automation system Microsoft Management information system Summarize transaction data like daily sales Transaction processing system Completing sales during the checkout process Executive Dashboard Will help present the dynamics of the company Supply Chain Management System Manufactures to suppliers Benefits of the Information Systems
The Business plan on Cash Flow Financial Information Business
The financial statements are suggested as the intermediate component between the reporting entity and report users in the reporting process. The major objective is argued as to provide useful information about the reporting entity'I 1/4 financial performance and financial position to a wide range of users. Thus they can make economic decisions as well as assess the stewardship of the entity'I 1/4 ...
Brick & Mortar, Nostalgic Record Store will benefit due to the systems automatically organizing information, saving time, having happy customers, and accuracy customers to the elimination of many repetitive and inaccurate processes. Drawbacks of the Information Systems Table 2 Disadvantages System crashes Costly Less jobs User Error – Inaccuracies Finding the right information systems for your business can be costly especially if you have a system that is specialized for your field of work. The systems can also run slow or go down in the time of need so you have to make sure you have back-up and your information is secured.
User error like typos or over charging can result inaccurate data or reimbursing, so you always need a backup/resolution. Being able to edit and have trained staff that knows how these systems work. Having an information system that automatically updates data will save you on overhead but reduce the amount of hands help you will need. Proposed Actions Getting Brick & Mortar, Nostalgic Record Store up and running the proposed action is include the transaction processing system and the office automation system for the initial set-up of information systems.
The transaction processing system can assist with hiring, inventory, sales and daily transactions. Having the office automation system in the initial set-up will also be beneficial because of the already made templates and examples. These two will be highly beneficial in the set-up phase and the rest can come later once these two have been established. Closing Information systems are crucial in the business environment today because of the instant saving while maintaining resourcefulness and accuracy. The advantages of information systems defiantly outweigh the disadvantages even when your systems fail time to time.
The Term Paper on Information Systems in Business
List of the databases in which data about you exists •Flat- file data bases. The flat file databases are used to store small amounts of data that is required to be edited by the hand. They are made up of files strings that combine one or more files and they are effective in storing simple data lists but they become complex if the data structures are replicated. Flat file databases require a simple ...
Keeping advace of all updates and a backup plan will keep your business running smooth with information systems. Brick & Mortar, Nostalgic Record Store will be a successful business due to the quality of information systems used. References Rainer, R. K. , Jr. , & Turban, E. (2009).
Introduction to information systems: Supporting and transforming business (3rd ed. ).
Hoboken, NJ: Wiley Information Systems. (2013).
In Business Dictionary. Retrieved from http://www. businessdictionary. com/definition/information-system. html
