Mis Master Study Guide
By: Mike • Study Guide • 381 Words • November 16, 2009 • 1,362 Views
Essay title: Mis Master Study Guide
MIS Master Study Guide
Why would management want a financial statement?
-to know whether/not you can pay fees
Why would you want a report for investors?
-to know what they’re investing in
-follow rules of the SEC
Budgeting Applications aka “financial plan”
Functional Systems = ISOLATED; solution = cross-purpose, integrated systems
Transition from functional to integrate is difficult because…
-departments need to coordinate activities
-expensive
Cash management?
-deals with cash payments, receipts, and planning—cash flows
-cash needs vs. availability of cash
Treasury Applications:
-deals with management and investment of organization’s cash
What is the purpose of Sales & Marketing Systems?
-store data about potential customers
-used so data mining can occur
-want to know interests of customers (who are contacted by the salesperson)
Why do you need to predict territories?
-to make sure your reaching out to the right clientele
-ex) donut shop in healthy area
*Sales management uses projections to predict co. operations*
Purpose of Customer Management Systems?
-stay in contact with customers so they come back
*Tracking past audits is used track customers buying history*
How does a customer differ from a lead?
-both customer and lead data usually run in a single system
Operating systems – merged into – manufacturing systems
Why would inventory be an asset?
-if you have a large inventory, you don’t have to restock, which is more efficient and less disruptive to operations
Why would inventory be a liability?
-if you don’t sell it, it becomes outdated and customers won’t want it (i.e. electronics)
What’s the purpose of an order entry?
-record customer purchases and keep in contact with them
What