560 Flashcards
(176 cards)
Big Data
datasets whose size and speed are beyond the ability of typical database software tools to capture, store, manage, and analyze.
Data Analytics
the use of software and statistics to find meaningful insight in the data, or better understand the data.
Data Visualization
Tools that make it easier to understand data at a glance by displaying data in summarized formats.
Dashboards and maps
Supply Chain
All businesses involved in the production and distribution of a product or service.
Dashboards
data visualizations that display the current status of key performance indicators in easy to understand formats
Internet of Things
a set of capabilities enabled when physical things are connected to the internet via sensors
Machine to Machine technology
enables sensor embedded products to share reliable real time data via radio signals
Unstructured Data
Do not have a predictable format
Data Science
involves managing and analyzing massive sets of data for purposes such as marketing, trends, etc.
Business Processes
Series of steps by which organizations coordinate and organize tasks to get work done.
Formal Processes
documented and have well-established steps. Taking a CC pmt
Standard Operating Procedures
Who performs, What materials, where
Business Process Re-engineering
Methods and efforts to eliminate wasted steps within a process
Agility
being able to respond quickly
Responsiveness
that IT capacity can be easily scaled up or down as needed, which requires cloud computing.
Flexibility
having the ability to quickly integrate new business functions or easily reconfigure software or apps
Rules of SWOT
Be realistic about strengths and weaknesses
Also about size of Ops + Threats
Specific and keep analysis simple
Evaluate strengths + weaknesses
Expect conflicting views, SWOT is subjective
Five Industry Forces
Threat of entry new competitors
Bargaining power of suppliers
Bargaining power of customers or buyers
Threat of substituting products or services
Competitive rivalry among existing firms in the industry
5 Primary Activities
Inbound logistics- acquiring and receiving of raw materials and other inputs
Operations - manufacturing and testing
Outbound Logistics - packaging, storage, delivery, distribution
Marketing and Sales - customers
Services - customer services
Support Activities
Primary Activities rely on them. Infrastructure, accounting, finance HR R&D Procurement or purchasing
Data Governance
is the control of enterprise data through formal policies and procedures
Enterprise Architecture
guides the evolution and expansion of information systems, digital technology, and business processes.
Customer Centeric
best suited for the cutomer
Touchpoint
any influencing action initiated through communication, human contact or physical or sensory interaction