i) Sales and marketing
- Transaction Processing Systems (TPS) – Recording cash sales.
- Management Information System – Production of exceptional report, for example, when sales go below the normal average.
- Decision Support System – Designing a marketing strategy. For example, through advertising, product differentiation etc.
- Execute Information Systems – Determining competitor‘s strategies.
- Expert systems – solving marketing problems for example the most feasible marketing method.
ii) Finance
- Transaction Processing Systems – solutions to short-term sources of finance for example, bank overdraft, or short-term loans.
- Management Information Systems (MIS) – Provision of information regarding the various sources of finance available to a business. These may include commercial papers, debentures corporate bonds etc.
- Decision Support System – evaluation of the cheapest sources of finance so as to undertake a given project.
- Executive Information System – Evaluation of the date of return of a project and measuring it against the company‘s cost of capital.
- Expert Systems – Solution to financing problems and projects selection. For example, the system will determine projects with the highest present values.
Wilfykil answered the question on March 1, 2019 at 08:11
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