Management Information Systems Research Paper Example | Topics and Well Written Essays - 1250 words

Management Information Systems - Research Paper Example In this project, the basic idea is to automate the traditional business practices and improve the overall capability and performance of corporation. Business Overview The scenario of the business is that my best friend has bought a small retail business in Central Florida and its name is Bright Moon Store. The business has been doing fairly well but my friend has just found out that the accounting system consists of cash and receipts in a shoe box and there are no reports of anything since everything was kept in the prior owner's head. So in this project, my friend has hired me as a consultant to help him get things organized. Markets The Bright Moon Store deals in general household products that are used in our daily lives. The basic intention of this store is to provide customers with more convenient and easy access to daily used products. Bright Moon Store has a long business history in the market and with the passage of time its overall reorganization has improved. As a result, B right Moon Store wants to improve its overall market reorganization and performance. With the passage of time the business customers are increasing so the business needs to adopt some effective tools and techniques to deal with these growing requirements. Mission/Business Need In order to run its business effectively Bright Moon Store has to fulfill its basic business needs. The effective fulfillment of these needs will effectively support all business areas. In this scenario Bright Moon Store’s basic business needs are outlined below: (Laudon & Laudon, 1999; Turban, Leidner, McLean, & Wetherbe, 2005) Automated product management Rapid management and processing of business resources Staff management Effective supply chain management and automation Efficient and effective customer record management Back-office information management Purchasing management Data security Finance management Data sharing among all store areas like store, purchase counter, etc. Improved inventory ma nagement Timely and accurate business reporting Effective decision support HR management Problems with Current Information Processing Bright Moon Store is currently completing its business tasks using manual ways. In such scenario the overall workload and working style are more rigid, which ultimately causes less effective business performance. The present business data is paper based or semi automated. In this scenario problem is that the amount of data is huge and it cannot be handled without using an appropriate information system. According to (Hoffer, Prescott, & McFadden, 2007; Laudon & Laudon, 1999), â€Å"an information system is a collection of organized components that work collectively, process, store, and distribute information to a variety of departments with the purpose of supporting decision making and control in an organization†. Thus, in the absence of an information system we connect retrieve some valuable information from this data. This data is presently w orthless because the extraction of the valuable facts and figures is much harder. In addition, business of Bright