biz test 2

Blockchain

"fancy database" instead of being highly protected its wide open, wouldnt be able to commit fraud, any that arent the same is wrong

information systems business strategy

A decision involves choosing a course of action from several alternatives and carrying out the corresponding tasks. When you have accurate, up-to-date information, you can make the choice with confidence.

information systesm framework

A framework is a conceptual model for organizing thought and discussion about information systems

ISO 9000

A globally recognized family of standards for quality management systems

Fishbone Analysis

A technique to organize the elements of a problem or situation to aid in the determination of the causes of the problem or situation. The analysis relates the effect of the environment to the several possible sources of the problem. people, process, equipment, materials, environment, management

Schein's 3 levels of culture

Artifacts- observable products Values- Norms about what is right and wrong important and unimportant underlying assumptions- taken-for-granted, shared beliefs. These are social schemas that underlie organization culture.

core framework

Business Strategy, infromation systems, organization (in a continuous circle)

ch15.7

Distributed ledger technologies and block chain in particular can help business overcome the limitaiton of each party in a business relationship havings its own transactional ledger.

ch9.7

Industry 4.0 refers to the digital transformation of manufacturing, moving from automated factories to smart factories.

Information systems- Organization

Information systems gain their importance by processing the data from company inputs to generate information that is useful for managing your operations. To increase the information system's effectiveness, you can either add more data to make the information more accurate or use the information in new ways.

Ritz carlton who

Pat Mene, vice president of quality

Ritz Carlton why

The brand needs to address the biggest problems (using pareto chart) and then start their and begin to fix the problem and meet their high standards to keep customers happy and coming back, biggest problem room not being clean

kindy bis what

They put out a cheap sock but are not happy w quality and so they are looking for a cheaper way to produce quality socks

Coda Coffee who

Tim and Tommy thwaits of Coda coffee & Dan Jones (Bext 360)

Pareto Chart

a bar graph whose bars are drawn in decreasing order of frequency or relative frequency. 80/20 rule, to find the 80% vital few and 20% the trivial many

Six Sigma

a rigorous statistical analysis process that reduces defects in manufacturing and service-related processes

Blockchain

a type of distributed ledger in which each new transaction is captured in a block which is then appended to the previous block in a continuous chain

Machine Vision

able to search things through images; able to track each individual coffee bean and evverything thats unique bout it. is the technology and processes used to make image based decisions in code.

kindy bis

customers care more about low prices over quality

Threats(SWOT)

external, have negative impact on ur business that are out of your control, like potential negative weather or

Opportunity(SWOT)

external, positive aspects of your organization, like funding or maybe you have a good product that can save water when there is a droubt for example

kindy bis what are they trying to do (why)

increase profit margin by lowering production costs

Weaknesses (SWOT)

internal limitations that may interfere with a company's ability to achieve its objectives

Strengths (SWOT)

internal, postive factors, capabilities that may help a company reach its objectives

smart factories

link manufacturing components that previously stood alone and are also referred to as digital factories, computer-integrated manufacturing, flexible manufacturing systems, advanced manufacturing technology, or agile manufacturing

ch9.4

major decisions in operations management includes facility location, forecasting and capacity planning to match resource demands, scheduling, lean systems design to reduce waste and delays, and the choice of mass production, customization production

Multi-atribute decisions

making preference decisions (such as evaluation, prioritization, selection) over the available alternatives that are characterized by multiple, usually conflicting, attributes

Distributed Ledger

method of verifying and recording transactions that replaces the individual ledgers of market participants with a shared ledger that everyone can access

kindy bis key take aways

multi atribute analysis; deciding between Poland Portugal and Turkey to outsource. (purchase price, long term, cost of labor, transports $, communication)

LSFF why

need a new ERP system.It was going to be either Barnes and Co. - Sage ERP X3 or The Underwood Group - Microsoft Dynamics NAV

ch9.6

quality is the degree to which a product or process meets the reasonable of agreed-on expextations. four tools of quality- continuous process improvement, statistical process control, six sigma (program which eliminates deviation between actual and desired performance), ISO 9000

adding IS...

reduce costs, add value, manage risks, create new reality

ch16.7

smart contracts are digital agreements that execute if certain predetermined conditions are met

Kindy bis Who

sock brand

SWOT analysis

strengths, weaknesses, opportunities, threats

ch9.3

supply chain management combines business procedures and policies w information systems. SCM helps manage risks, respond to costomer needs, manage business relationships, promote sustainability throughout their supply chains

ch9.1

system perspective involves looking at a business as a series of interdependent systems rather than as many individual activities and events.

ch9.5

the delivery of services presents a number of unique challenges; perishability, location contraints, scalability, perfromance and quality, customber invovlement and service provider interaction

ch9.2

the value chain includes all the elements and processes that add value as input materials are transformed into the final products made available to the ultimate customers. how offshoring works

Ritz carlton what

there is problems with the quality and standards of the Ritz and not meeting those standards, service is the most important qualtiy to customers

LSFF key take aways

they should choose Barnes and co because it is easy to use and is specified for their size of company

kindy bis why

they want to increase profit, but also the french labor force are saying they will go on strike (probably because they are getting paid less)

Coda coffee why

to ensure quality, it is important technology that ensure quality throughout the process, the brand wants show that their customers are paying for what the quality

How to create the ideal culture in your co.

visions, co. values, people, community, communication, employee performance.

Internet of Things

web connectivity happening in the world; Alexa and how its applied to everything

Leslie stowe fine foods what

were a catering co. then introduced their Raincoast crisps and went into a production co. where the cracker was its main emphasis, medium sized production needed.

ritz carlton key take aways

what is quality

Coda Coffee what

whether they are going to partner up with Bext 360, through BLOCK CHAIN it would allow customers to see where the beans come from and what they go through, every step of the process is documented