Week 4 Purchasing & Info Technology

WEEK 4

PURCHASING & INFORMATIONTECHOLOGY

INTRODUCTION TO SUPPLY CHAIN MANAGEMENT CAREER

WHAT IS INFORMATION ?

DEFINITION

DATA

INFORMATION

KNOWLEDGE

DEFINITION

DATA

INFORMATION

KNOWLEDGE

Data is unsummarised facts & is the raw material.

Raw facts describings persons, place, things or event that have occurred

or about to take place.They are independent,

unrelated & unlimited in number.

DEFINITION

DATA

INFORMATION

KNOWLEDGE

Information is data that has been

processed into a form that is

meaningful to the person who

received.

DEFINITION

DATA

INFORMATION

KNOWLEDGE

It is that which we come to believe and value, based on the

meaningful organized accumulation of

information through experience &

communication

The relationship :

BEST DEFINE AS

KNOWLEDGE IS WHAT A BUSINESS USES TO

MAKE DECISIONS.

INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT

REALITY.

DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES &

PROCESSES.

BEST DEFINE AS


REALITY. KNOWLEDGE IS WHAT A BUSINESS USES TO

MAKE DECISIONS.

DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES

& PROCESSES.

BEST DEFINE AS

KNOWLEDGE IS WHAT A BUSINESS USES TO

MAKE DECISIONS.


PROCESSES.INFORMATION IS WHAT A

PERSON IS ABLE TO UNDERSTAND ABOUT REALITY.

BEST DEFINE AS


REALITY.


PROCESSES.

KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE

DECISIONS.

INFORMATION CHARACTERISTIC

Accuracy

Completeness Simplicity

Intelligible

Relevance

Economy Timeless

Veracity


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

Error free


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

All required info is available


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

Must not more than the info worth


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity Must be preserved

for other to understand


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

It should be related for recipient to make

decision.


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

It should be simple & not to complex.


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity

The info is available when needed.


Accuracy


Intelligible

Relevance

Economy Timeless

Veracity The info can be

checked for accuracy.

ABSENCE OF THE CHARACTERISTIC

Incomplete data

Lack of accuracy Information overload

Exception to general rule

Narrow knowledge base

Wrongly processed

INFORMATION SYSTEMS

The means by which organisation and people

utilising appropriate technologies gather, process, store, use, and disseminate

decision.

INFORMATION SYSTEMS

Transaction processing system (TPS)

Management reporting system (MRS)

Decision support system (DSS)

INFORMATION SYSTEMS




Requires a record to be

generated for processing in

a data processing

system.

INFORMATION SYSTEMS




This system provides info and support for effective

decision making.

INFORMATION SYSTEMS




Are designed to enable an individual or

group to make

decision by summarising all relevant.

INFORMATION TECHNOLOGY

THE ACQUISITION, PROCESSING, STORAGE, & DISSEMINATION OF VOCAL, PICTORIAL, TEXTUAL & NUMBERIC INFORMATION BY MICROELECTRONICS BASED

COMBINATIONS OF COMPUTING & TELECOMMUNICATIONS.


Data Capture• Barcodes• Digital camera• Electronic point of sale register• Laser scanners• Magnetic stripe card• Questionnaires• Scanner• Voice recognition

TELECOMMUNICATIONS & NETWORKING

Telecommunications is the transmission of information over

distance by such means as electrical signals usually carried over

telephone lines, radio waves or satellite transmission.

TELECOMMUNICATIONS & NETWORKING

E-COMMERCE & E-BUSINESS

E-COMMERCE IS THE EXCHANGE OF INFORMATION ACROSS

ELECTRONIC NETWORKS, AT ANY STAGE OF SUPPLY CHAIN, WITHIN

ORGANIZATION, BETWEEN BUSINESSES AND CONSUMER, PUBLIC AND PRIVATE SECTORS.

The relationship :

WHAT ARE THE IMPACT OF IT ON PURCHASING & SUPPLY ?

Week 4 Purchasing & Info Technology

Education

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