Sherwood Store is a retail grocery store chain with a central distribution center and 14 retail stores in a major metropolitan area. Managers at all levels at the headquarters office, at the distribution center, and in the retail stores use reports generated from various information systems. One of the important information systems is the inventory system that keeps track of physical inventory by product line. Sales information gathered at point-of-sale checkout terminals is used to update inventory levels. At the end of each day, the store manager receives a reorder report indicating which items in inventory have reached their reorder point and need to be reordered from the distribution center. The inventory system also includes a report of items on order by product line, prices, and expected delivery dates. Each department manager within each store develops a sales plan that indicates the expected sales volume for each item for the subsequent week. Actual sales for each item are compared with the planned sales activity on a weekly basis, and a sales analysis summary report is generated, which provides information on planned versus actual sales for each item. Department managers in each store use this report to develop a new weekly sales plan. All orders from the local stores are filled from the central distribution center. At the central distribution center, a purchasing system is used daily to generate purchase orders for stock. One byproduct of this purchasing system is a purchasing order due-in report that indicates when shipments are scheduled to arrive, the shipper, and the warehouse location for the shipped merchandise. Another report helps monitor the performance of various suppliers by providing information on planned versus actual shipment dates and on the quality of the shipped merchandise. E.g. if six cases of eggs are damaged in shipment, the damage is indicated on the shipment report. Sherwood Store has 24 trucks making deliveries to local stores daily. An information system provides drivers with a computerized schedule of store deliveries. Distribution managers develop standards for truck loadings based on shipment quantity and weight. Actual delivery data are compared with delivery standards in reports to distribution managers. Finally, planners on the headquarters staff use external market data and demographic data to forecast sales trends in various regions. They build these data into reports that analyze the sales potential of alternative store sites. Store site selection is an important issue for top managers at Sherwood Store because they would like to expand the number of stores from 14 to 24 within the next three to five years. The information systems at Sherwood Store are essential to its ability to control inventories, manage the distribution process, and analyze sales trends affecting various product lines and store sites. From the above description, identify eight different information systems by briefly describing the business objectives/functions done by each information system.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
Sherwood Store is a retail grocery store chain with a central distribution center and 14 retail stores in a major metropolitan area. Managers at all levels at the headquarters office, at the distribution center, and in the retail stores use reports generated from various information systems.
One of the important information systems is the inventory system that keeps track of physical inventory by product line. Sales information gathered at point-of-sale checkout terminals is used to update inventory levels. At the end of each day, the store manager receives a reorder report indicating which items in inventory have reached their reorder point and need to be reordered from the distribution center. The inventory system also includes a report of items on order by product line, prices, and expected delivery dates.
Each department manager within each store develops a sales plan that indicates the expected sales volume for each item for the subsequent week. Actual sales for each item are compared with the planned sales activity on a weekly basis, and a sales analysis summary report is generated, which provides information on planned versus actual sales for each item. Department managers in each store use this report to develop a new weekly sales plan.
All orders from the local stores are filled from the central distribution center. At the central distribution center, a purchasing system is used daily to generate purchase orders for stock. One byproduct of this purchasing system is a purchasing order due-in report that indicates when shipments are scheduled to arrive, the shipper, and the warehouse location for the shipped merchandise. Another report helps monitor the performance of various suppliers by providing information on planned versus actual shipment dates and on the quality of the shipped merchandise. E.g. if six cases of eggs are damaged in shipment, the damage is indicated on the shipment report.
Sherwood Store has 24 trucks making deliveries to local stores daily. An information system provides drivers with a computerized
Finally, planners on the headquarters staff use external market data and demographic data to
- From the above description, identify eight different information systems by briefly describing the business objectives/functions done by each information system.
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