Information and Organizational knowledge slp - Assignment Example
Though arguably, it is a proven fact that businesses in the modern world cannot thrive successfully without the use of information system. As a result, information system has become part and parcel of good businesss operational component. This is proven by the fact that, information system has lots of benefits to any organization that one even wonders what could become of such an entity without it.
Some of the benefits of an information system in an organization include the fact that, its use leads to higher satisfaction in customers due to service delivery by organizations. Information system also helps organizations to access wider range of information, deal with the changes in business at a greater speed, and also increase the workers productivity. It is, for this reason, expected that an effective information system should exceed the expectation of customers and meet most of the needs of the business.
We tend to use information system in most of our day-to-day activities sometimes knowingly while sometimes we apply it without knowing. For example, we use production and purchasing system that help us with calculating the required amount of raw material for a particular bunch of products (Jim, 2012). At the same time, we use billing systems after production as supplies, to send invoices to customers informing them on how much the goods supplied to them costs for them to pay. The employees who helped in the production system of these products also need to be paid. Some are paid on a daily basis, weekly and even monthly basis. Their payroll needs to be developed. All these functions are examples of information system that fall under the Transaction Processing Systems.
After the transaction is completed, there are reports that are obtained. These reports can bear the details of materials that were used for production such as the number of materials used, cost, description,
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