Basic Business Systems Transactions

loutclankedAI and Robotics

Nov 13, 2013 (3 years and 9 months ago)

54 views


Basic Business Systems

Transactions


Chapter 13


Basic





Basic Business Systems






are



in major functional areas

Accounting/Finance

Sales/Marketing


Human Resources


Major Functional Areas

may have

several

basic business
systems


These Systems

supply

detailed

data



to operate,



to monitor, and



to control the process
.

Examples

of
basic

manufacturing/production systems

are
:


materials purchasing


receiving


shipping


process control


numerical control


equipment


quality control


labor costing


robotic systems


Example of a Basic

System:
A
Tracking System

Reduces
costs

because
precise



information

is available about

1. location


2. contents


3. returns


4.

number items


that are in the warehouse.

Example: Point
-
of
-
Sale

is

a Basic
System for

Sales/Marketing



Repetitive data

such as


locating customers


offering goods and services


processing sales and orders


authorizing purchases


order processing




Basic business systems
support

Accounting/Finance


by



recording the flow of funds in the firm


tracking the firm's use of funds


and


producing financial statements
.


accounts receivable


accounts payable


general ledger


payroll


cash management


loan processing


check processing


securities trading


Examples

of Basic
Accounting/Financial systems

:

Basic Business Systems
support
Human Resources


in



recruitment



placement



performance evaluation



compensation



career development


of the firm's employees.


Human Resources Systems

Examples are:



personnel record keeping



applicant tracking



positions



training/skills



benefits systems



How A Major Business Uses A Basic
Business System


Compaq Computers' Employee Self
-
Service Personnel System


Employees can use the system to help
them decide on the
best combination

of benefits for their personal situations.
The system can
reduce some of the
inefficiencies

and
expense

associated
with the selection of flexible benefits.