Activites Supported By Functional Area Information Systems

Accounting and Finance
* Financial planning
- availability and cost of money

* Budgeting
- allocates financial resources among participants and activities

* Capital budgeting
- financing of asset acquisitions

* Managing financial transactions
* Handling multiple currencies



* Virtual close
- ability to close books at any time on short notice

* Investment management
- managing organizational investments in stocks, bonds, real estate, and other investment vehicles

* Budgetary control
- monitoring expenditures and comparing against budget

* Auditing
- ensuring the accuracy and condition of financial health of organization payroll


* * * * *

Marketing and Sales
* Customer relations
- know who customers are and treat them like royalty

* Customer profiles and preferences

* Sales force automation
- using software to automate the business tasks of sales,
thereby improving the productivity of salespeople

* * * * *

Production/Operations and Logistics
* Inventory management
- how much inventory to order,
how much inventory to keep, and when to order new inventory

* Quality control
- controlling for defects in incoming material and defects in goods produced

* Materials requirements planning
- planning process that integrates production, purchasing and inventory management of interdependent items (MRP)

* Manufacturing resource planning
- planning process that integrates an enterprise's production, inventory management, purchasing, financing, and labor activities (MRP II)

* Just-in-time systems

- principle of production and inventory control in which materials and parts arrive precisely when and where needed for production (JIT)

* Computer-integrated manufacturing
- manufacturing approach that integrates several computerized systems,
such as computer-assisted design (CAD), computer assisted manufacturing (CAM), MRP, and JIT

* Product life cycle management
- business strategy that enables manufacturers to collaborate on product design and development efforts, using the Web

* * * * *

Human Resource Management
* Recruitment
- finding employees, testing them, and deciding which ones to hire

* Performance evaluation
- periodic evaluation by superiors

* Training
* Employee records

* Benefits administration
- medical, retirement, disability, unemployment, etc.



Source:
Introduction to Information Systems - Third Edition
Enabling and Transforming Business
By R. Kelly Rainer, Casey G. Cegielski
Page 290