ADMS 2511 Lecture Notes - Lecture 8: Manufacturing Resource Planning, Quality Control, Call Centre

• School: York University
• Department: Administrative Studies
• Course: ADMS 2511
• Professor: Mariovalteinos

Document Summary

Transaction: any business event that generates data worthy of being captured and stored in a database. Source data automation: organizations try to automate the tps data as much as possible because of large volume. Batch processing: firm collects data from transactions as they occur placing them in groups. The system then prepares and processes the batches periodically. Real-time transaction processing: aka online transaction processing; business transactions are processed as soon as they occur online. Financial and economic forecasting: knowledge about the availability and cost of money is a key ingredient for successful financial planning. Cash flow projections are important because they tell the organization what funds they need and when, and how they will acquire them. Budgeting: budget allows management to distribute resources in the way that best supports the organization"s mission and goals. Global stock exchange: electronic stock exchanges that use the internet both to buy and sell and broadcast real time prices.