MGSC 300 quiz 5
BMS, FBS - ANS-types of info systems
designed to support planning + implementing process across entire organization -
ANS-business management system (BMS)
designed to improve efficiency + performance of a specific functional area within the
organization - ANS-functional business systems (FBS)
info processing divided into distinct operations called transactions - ANS-transaction processing
system (TPS)
supply chain management - ANS-SCM
inbound logistics, inventory control, outbound logistics, etc - ANS-logistics management
minimize total cost of inventory while maintaining optimal inventory levels - ANS-inventory
control systems
extra inventory to reduce risk of stockouts - ANS-safety stock
inventory shortage - ANS-stockouts
attempts to minimize holding costs by not taking inventory until needed in production process -
ANS-just in time (JIT) inventory management
ordering costs, carrying costs, stockout costs - ANS-inventory costs
custom software that controls day to day shop floor activities - ANS-computer integrated
manufacturing (CIM)
extensible business reporting language - ANS-XBRL
reporting system designed by SEC to eliminate document searching difficulties (finding financial
info across platforms) - ANS-extensible business reporting language
large scale application software package that supports business processes, reporting and data
analytics in complex organizations - ANS-enterprise system
ERP, SCM, CRM, enterprise social platforms - ANS-4 types of enterprise system
BMS, FBS - ANS-types of info systems
designed to support planning + implementing process across entire organization -
ANS-business management system (BMS)
designed to improve efficiency + performance of a specific functional area within the
organization - ANS-functional business systems (FBS)
info processing divided into distinct operations called transactions - ANS-transaction processing
system (TPS)
supply chain management - ANS-SCM
inbound logistics, inventory control, outbound logistics, etc - ANS-logistics management
minimize total cost of inventory while maintaining optimal inventory levels - ANS-inventory
control systems
extra inventory to reduce risk of stockouts - ANS-safety stock
inventory shortage - ANS-stockouts
attempts to minimize holding costs by not taking inventory until needed in production process -
ANS-just in time (JIT) inventory management
ordering costs, carrying costs, stockout costs - ANS-inventory costs
custom software that controls day to day shop floor activities - ANS-computer integrated
manufacturing (CIM)
extensible business reporting language - ANS-XBRL
reporting system designed by SEC to eliminate document searching difficulties (finding financial
info across platforms) - ANS-extensible business reporting language
large scale application software package that supports business processes, reporting and data
analytics in complex organizations - ANS-enterprise system
ERP, SCM, CRM, enterprise social platforms - ANS-4 types of enterprise system
