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Electronic Data Interchange (EDI) The Role of Supply Chain Management (SCM) Supply chain management (SCM), which optimizes the flow of products, services, information, and funds, is essential to the seamless operation of e-businesses. In e-business, SCM plays the following crucial roles: Inventory Management It guarantees that stock levels are tracked in real time and optimized … Read more
Meaning of Enterprise Resource Planning (ERP) Enterprise Resource Planning (ERP) is a kind of software that businesses use to integrate and manage the fundamental operations processes. Accounting, supply chain management, human resources, inventory management, customer relationship management, and other domains are all included in these procedures. Benefits of Enterprise Resource Planning (ERP) ERP systems can … Read more
E-Business System – Cross functional Enterprise Applications E-Business System – Enterprise Application Architecture E-Business System – Enterprise Application Integration E-Business System – Transaction Processing System Transaction Processing Cycle Transaction processing is of several basic activities. E- Business System – Enterprise Collaboration Systems Tools for Enterprise Collaboration Functional Business System Marketing system Some of the marketing … Read more
Components of a Customer Relationship Management System Some major application components of a CRM system are: Contact and Account Management Sales Marketing and Fulfilment Customer Service and support Retention and Loyalty Program Three Phases of Customer Relationship Management CRM can be viewed as an integrated system of web-enabled software tools and databases accomplishing a variety … Read more
Computer based information system that provides interactive information support to managers and business professionals during the decision making process is Decision Support System.It use analytical models, specialized databases, a decision maker’s own insight and judgements, and an interactive computer based modeling process to support semi structured business decision.Decision support system are able to support directly … Read more
About Data Resource Management The process of organizing, storing, and managing data to guarantee its security, accuracy, and accessibility is known as Data Resource Management or DRM. Data Resource Management includes methods, resources, and guidelines for efficiently gathering, preserving, and applying data as a useful organizational resource. Data Resource Management facilitates decision-making, boosts operational effectiveness, … Read more
Telecommunication and Network are the systems and technology that make it possible for information to be shared across long distances. Transmitting data, sound, and video through cables, satellites, and wireless systems is known as telecommunication. Data transport, resource sharing, and internet connectivity are made possible via networks, which are interconnected systems like Local Area Networks … Read more
Objectives of MIS Characteristics of Management Information System (MIS) Application of Management Information System (MIS) Benefits of Management Information System (MIS) Limitation of Management Information System (MIS) Approach of Management Information System (MIS) development A systematic strategy is required during the creation of a Management Information System (MIS) to guarantee that it successfully satisfies organizational … Read more
A structured framework known as an Information System (IS) gathers, organizes, stores, and disseminates data to facilitate coordination, analysis, control, and decision-making within a company. It combines processes, people, and technology to efficiently manage data. Data Unit of information in raw or unorganized forms (such as alphabets, numbers, or symbols) that refers to, or represent, … Read more
Memory: Stores data and instructions for processing. Types: RAM (temporary) and ROM (permanent). CPU (Central Processing Unit): The “brain” of the computer; processes instructions and performs calculations. Input Devices: Tools for entering data into a computer, e.g., keyboard, mouse, microphone. Output Unit: Displays or outputs processed data, e.g., monitor, printer, speakers. Software: Programs and operating … Read more