Post on 01-Nov-2014
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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
INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT
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.
DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES &
PROCESSES.INFORMATION IS WHAT A
PERSON IS ABLE TO UNDERSTAND ABOUT REALITY.
BEST DEFINE AS
INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT
REALITY.
DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES &
PROCESSES.
KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE
DECISIONS.
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
Error free
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
All required info is available
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
Must not more than the info worth
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity Must be preserved
for other to understand
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
It should be related for recipient to make
decision.
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
It should be simple & not to complex.
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
Intelligible
Relevance
Economy Timeless
Veracity
The info is available when needed.
INFORMATION CHARACTERISTIC
Accuracy
Completeness Simplicity
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
Transaction processing system (TPS)
Management reporting system (MRS)
Decision support system (DSS)
Requires a record to be
generated for processing in
a data processing
system.
INFORMATION SYSTEMS
Transaction processing system (TPS)
Management reporting system (MRS)
Decision support system (DSS)
This system provides info and support for effective
decision making.
INFORMATION SYSTEMS
Transaction processing system (TPS)
Management reporting system (MRS)
Decision support system (DSS)
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.
INFORMATION TECHNOLOGY
INFORMATION TECHNOLOGY
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 ?
WHAT ARE THE IMPACT OF IT ON PURCHASING & SUPPLY ?
WHAT ARE THE IMPACT OF IT ON PURCHASING & SUPPLY ?
WHAT ARE THE IMPACT OF IT ON PURCHASING & SUPPLY ?