Sales and Inventory System
Chapter I
INTRODUCTION
Good decision making is important for organizations to survive. In order for good decision making to occur, the proper steps must be taken to ensure accurate information used. Sales and Inventory System (SIS) is a computer-based system that is designed to aid decision makers in making decision that may include multiple attributes, objectives and goals. Good decision making tools are necessary to make good strategic decisions.
Sales and Inventory Systems are used to collect data, analyze and shape the data that is collected, and make sound decisions or construct strategies from analysis. Whether computers, databases, or people are involved usually does not matter.
It is important to note that although computers and artificial intelligence are at work, it is ultimately up to humans to execute these strategies or formulate the data into a usable hypothesis.
The SIS is viewed and used at many levels by management. It should be supportive of the institution's long term strategic goals and objectives. To the other extreme it is also those everyday financial accounting systems that are used to ensure that basic control is maintained over financial record keeping activities.
The framework of the system will provides terminology, concepts and guidelines that are useful to apply the system. A Sales and Inventory System (SIS) is a way to model data and make quality decisions based on it. Making the right decision in business is usually based on data quality and one’s ability to examine through and analyze the data to find trends that solves and gives strategies that can be created from/for. Sales and Inventory Systems are usually computer applications with a human component. They can examine through large amounts of data and pick between the many choices.
This is a big contribution to the Information Communication Technology (ICT) for this help organize many different activities in the business industry and to also have a proper
INTRODUCTION
Good decision making is important for organizations to survive. In order for good decision making to occur, the proper steps must be taken to ensure accurate information used. Sales and Inventory System (SIS) is a computer-based system that is designed to aid decision makers in making decision that may include multiple attributes, objectives and goals. Good decision making tools are necessary to make good strategic decisions.
Sales and Inventory Systems are used to collect data, analyze and shape the data that is collected, and make sound decisions or construct strategies from analysis. Whether computers, databases, or people are involved usually does not matter.
It is important to note that although computers and artificial intelligence are at work, it is ultimately up to humans to execute these strategies or formulate the data into a usable hypothesis.
The SIS is viewed and used at many levels by management. It should be supportive of the institution's long term strategic goals and objectives. To the other extreme it is also those everyday financial accounting systems that are used to ensure that basic control is maintained over financial record keeping activities.
The framework of the system will provides terminology, concepts and guidelines that are useful to apply the system. A Sales and Inventory System (SIS) is a way to model data and make quality decisions based on it. Making the right decision in business is usually based on data quality and one’s ability to examine through and analyze the data to find trends that solves and gives strategies that can be created from/for. Sales and Inventory Systems are usually computer applications with a human component. They can examine through large amounts of data and pick between the many choices.
This is a big contribution to the Information Communication Technology (ICT) for this help organize many different activities in the business industry and to also have a proper