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Organizational Information Systems. Executive information system (EIS). Marketing. Manufacturing information system. Financial information system. Information. Human resources information system. resources. information. information. system. system.
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Organizational Information Systems Executive information system (EIS) Marketing Manufacturing information system Financial information system Information Human resources information system resources information information system system
Incorporating Management by Exception • Only when exceptions occur. • Highlight the exceptions. • Group the exceptions together. • Show the variance from the norm.
An Aged Accounts Receivable Report that Groups Exceptions in Columns
Modeling Advantages • The modeling process can be a learning process • The speed of the simulation process enables the consideration of a large number of alternatives by allowing evaluation of the impact of decisions in a short period of time • Models provide a predictive power • Models are less expensive than the trial and error method
Modeling Disadvantages • The difficulty of modeling a business system will produce a model that does not capture all of the influences on the entity • A high degree of mathematical skill is required of individuals who develop more complex models