As mentioned above, there is a need to have the infrastructure necessary in order to facilitate the smooth operation of an ecommerce platform. However, the platform will require an information system in order to be complete. An information system is a system that is organized for the purposes of collection, organization and storage of information which is used in communication. The main components in an information system are people and computers systems that process and interpret information. An information system can also be said to be the software that helps in the organization and analysis of data.
In order for an information system to be functional it requires to have the following in order to be operational.
Protocols: These are descriptions
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They also support the decision making process and the development of customer and supplier relations. In addition, information systems are crucial to the efficiency in business operations which is an important aspect in creating a competitive advantage (Kakar, 2016:43).
• What are the types of Information Systems for the company to consider in order to implement a successful E-Commerce solution?
As Essig, Glas and Gutsmiedl (2015: 386) state, and considering that Fresh & Go Ltd does not have a tangible system, it is important for the directors to understand the various information systems available and their use in a business organization. There are different types of information systems that differ with the type of industry and their purposes. For example, a database management system commonly referred to as DBMS is used on the organization of date in a wide range of industries or sectors. Additionally, different levels of management in a business use different information systems. In the top level of executives, there is the executive information system (EIS), senior managers require a decision support systems (DSS), and the middle level managers use the management information systems (MIS. ) finally, there are workers on the ground who use the transaction processing systems (TPS) (Steiner,
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The transaction processing system will help it to compete in the same league with bigger retailers and chart its way for growth. Of great importance in any organization are the middle level managers because they are in touch with both the customers and management. This calls for the significance of a management information system. The MIS is important in processing information take up by the TPS as well as creation of reports which are important in enhancing managerial
A management information system (MIS) is an information collection and analysis system that facilitates access to program and participant information."(mays.tamu.edu, 2013) This system is usually computerized. Businesses use MIS at all levels of operation to collect, process and store data. Management uses this data in the form of information needed to carry out the daily operations of the business. Everyone who works in business, from someone who pays the bills to the person who makes employment decisions, uses MIS. In fact, many (if not most) companies concentrate on the alignment of MIS with business goals to achieve competitive advantage over other companies. "The major components of the MIS are the database, the model base, and the user interface. The database is used to store important data, the model base has the required statistical models in order to analyze the large amounts of data, and the user interface allows the user of the software to navigate through it and use it with ease."(mays.tamu.edu, 2013)
John Lewis businesses needs multiple of information systems so that they can perform effectively. There are 4 type of information systems such as: Executive information system, Decision support system, Management information system, Transaction processing system
O'Brien, James A., and George M. Marakas. 2011. Management information systems / James A. O'Brien, George M. Marakas. n.p.: New York, NY: McGraw-Hill/Irwin, 2011., 2011.
This assignment will focus on the importance of information systems for running and managing a business today. An information system is an integrated set of components for collecting, storing, and processing data and for providing information, knowledge, and digital products. Business firms and other organizations rely on information systems to carry out and manage their operations, interact with their customers and suppliers, and compete in the marketplace. Information systems are used to run interorganizational supply chains and electronic markets. Encyclopaedia Britannica. (2017). information system. [online] Available at: https://www.britannica.com/topic/information-system [Accessed 20 Nov. 2017]. The purpose of information systems can
Information is the meaningful data in a right structure that present to the recipient. information inserts to knowledge and have related for the situation. Data become information when information alteration to Communicate meaning suggestion or knowledge, or conclusions. information is an important managerial skills. the characteristics of the information are: structure, accuracy ,time, possibility , and originality. Information has been frequently defined as interpreted data (callaos 2002) . Information is a generally established variable of organizational effectiveness in addition information is one of the parts of a method that direct to the organization, and recover and use organizational information, which in turn leads to decision making which provides customers with services (Porter, & Millar, 1985)
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows:
The term `Management Information System` (MIS) refers to the data, equipment and computer programs that are apply to create information for managerial use.
Information system, an integrated set of components for the gathering storage and processing of data and for transport information, knowledge and digital goods. Business enterprises and other organizations rely on information systems to accomplish and manage their operations, to act together with their customers and suppliers, and compete in the marketplace.
Next, the management information systems are business functions like accounting and human resources, which moves information about people, products, and processes across the company which facilitates decision making and problem solving (Baltzan, p.14) Electronic communications such as Facebook and Twitter have provided many new tools to ...
Therefore, the benefits of good management information are huge for any organization. Information becomes part of the chain of added value. An information management value chain increases the usefulness of information to users permitting them to make better decisions. The value of the MIS in the organization corresponds to the better profits coming from the better decisions the system permits (Cisco and Strong, 1999). Below schematic shows the process and different elements of information value chain (Phillips,
In this context, management of organizations needs efficient information systems to improve competitiveness by cost reduction and better logistics. It is universally recognized by large and small-to-medium-size enterprises (SME) that the capability of providing the right information at the right time brings tremendous rewards to organizations in a global competitive world of complex business practices.
Management information system is nowadays the most important element of an organization to work effectively and efficiently.
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
Information Systems is an academic study of systems with a specific reference to information and the complementary networks of hardware and software that people and organizations use to collect, filter, process, create and also distribute data. An emphasis is placed on an information system having a definitive boundary, users, processors, storage, inputs, outputs and the aforementioned communication networks
Laudon C. & J. Laudon (2003: 5th edition) Essentials of Management Information Systems. London: Prentice Hall International Limited