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Checks the impact of a change in an assumption on the proposed solution |
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Estimating seat demand for flights, whether in landing conditions, and estimates for growth or reduction in air travel are all included in forecasting |
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The management of systems or processes that convert or transform resources ( including human resources) into goods and services- Responsible for managing the core processes used to manufacture goods and produce services |
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3 OM strategic business systems |
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1. Materials Requirement planning systems 2. Global inventory planning systems 3. Inventory Management and Control Systems |
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Often referred to as the technical core, especially in manufacturing organizations, and is the actual conversion of inputs to outputs |
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The term used to describe the difference between the cost of inputs in the value of price of outputs |
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Model information to support managers and business professionals during the decision-making process |
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Executive Information System |
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A specialized DSS that supports senior-level executives within the organization |
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The use of the day-to-day procedures for performing work, including scheduling, inventory, and process management |
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Materials Requirement Planning |
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The primary system used for strategic planning, it uses sales forecast to make sure that needed parts and materials are available at the right time and place in a specific company |
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Consists of all parties involved, directly or indirectly, in the procurement of a product or raw material |
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Involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability |
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Supply chain management components |
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Logistics Partners Strategy Operation |
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The product delivery processes and elements including orders, where houses, carriers, defective product returns, and invoicing |
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The partners chosen to deliver finished products, raw materials, and services including pricing, delivery, and payment processes along with partner relationship monitoring metrics |
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The schedule for production activities including testing, packaging, in preparation for delivery. Measurements for this component include productivity and quality |
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The strategy for managing all resources required to meet customer demand for all products and services Competitive priorities |
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Customer Relation Management |
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Involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention in an organization's profitability |
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3 phases of CRM evolution |
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Reporting Analyzing Predicting |
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The 3 primary operational CRM technologies a customer service department can and implement to increase customer satisfaction |
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Contact Center Web-Based Self-Service Call Scripting System |
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Where customer service representatives answer customers inquiries and respond to problems through a number of different customer touch points |
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Allows customers to use the web to find answers to their questions were solutions to their problems |
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Access organizational databases that track similar issues or questions and automatically generate the details of the CSR who can then relay them to the customer |
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Supports back-office operations and strategic analysis and includes all systems that do not deal directly with customers |
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Enterprise Resource Planning–Integrates all departments and functions throughout an organization into a single IT system ( or integrated set of IT systems) so that employees can make decisions by viewing enterprisewide information on all business operations |
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The traditional components included in most ERP systems and they primarily focus on internal operations |
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3 main Core ERP components |
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accounting and finance production and materials management human resources |
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