Ch 10.2 Functional Area Information Systems

Question 1

what is an FAIS

Answer 1

Functional area info system, supports a particular functional area babygirl

IS for marketing, IS for acct/finance

Question 2

IS for
1) financial planning and
2)budgeting

Answer 2

1) forecasting finances! IS allows us to understand the availability of money

2) IS allows management to distribute money better

Question 3

how does IS help with investment managemetn

Answer 3

-> financial analysts use IS to find investing opportunities and manage investments

Question 4

How does IS help control and auditing

Answer 4

-> IS helps budgetary control, comparing budgets is easy

-> IS helps internal auditing

-> IS helps analyze financial ratios

Question 5

How does IS help managing financial transactions

Question 6

How does IS help marketing

Answer 6

IS helps find the right customers

Question 7

How does Is HELP Opertaions management/Production (POM functional area)

Question 8

what are the 4 POM functions in this course

Answer 8

1) in house logistics and material management
2 ) planning produciton and operation (MRP I and II)
3) computer integrated manufacturing
4) product life cycle managemnt

Question 9

how does IS help in house logistics and materials management

Answer 9

IS helps create inventory models, find out when to order and how much to order

IS also helps with quality control

Question 10

how does IS help with planning production and operations

Answer 10

IS helps with material requirements planning (MRP), manuacturing resource planning (MRP II), and enterprise resource planning (ERP)

Question 11

How does IS help computer integrated manufactiring

Answer 11

CIM (digital manufacturing) integrates various automated factory systems

1) to simplify manufacturing tech and techniques
2) to automate the manufacturing process
3) to co-ordinate all aspects of design manufacturying and related functions

Question 12

how does IS help product life cyclle management

Answer 12

helps apply web based collaboration tech to product dev

introduction, growth, maturity, decline

Question 13

How does IS help HR

Answer 13

HRIS bitch <3
-recruitment
-hr dev
-hr planning and management

Question 14

How does IS help recruitment

Answer 14

IS can help find and evaluate people, allso help screen candidates

Question 15

How can IS help HR development

Answer 15

IS can help train candidates

Question 16

How can IS help HR planning and maangement

Answer 16

1) help manage payroll and emplloyee records
2) benefits administration: helps distribute wages, bonuses, rrsp etc
3) help employee relations management: thing like a call centre for employees to discuss concern

Question 17

WHAT DO ALL IS systems produce

Answer 17

REPORTS!!!

Question 18

What are examples of IS systems

Answer 18

TPS

FAIS

ERP

CRM

BI

Question 19

3 categories of reports

Answer 19

1) routine
2) ad hoc
3) exception

Question 20

Routine reports

Answer 20

-produced on a schedule (hourly quality control to daily to whenever)

Question 21

Ad hoc report

Answer 21

• on demand report
  1) drill down report: display a greater level of detail, drillinh down on sales
  2) key indicator report: summarize performance of critical activities
  3) comparative reports: compare perofrmance of different units

Question 22

Exception reports

Answer 22

-reports produced only when info is outside of standards!!!
-THESE ARE USED WHEN MANAGERS ARE MANAGING BY EXCEPTION

Question 23

Management by exception

Answer 23

1) management establishes standards
2) systems are created to monitor performance
3) when data is not up to standard,then the rports are generated and thennnn a manager reads it

Question 24

What is MRP I

Answer 24

Materials resource planning

Question 25

What is MRP II

Answer 25

manufacturing resource planning