Professional Documents
Culture Documents
Database
Accounting Applications
Query Applications
Analysis Applications
Control Application
Print Process
Screen Display
Statutory Compliance
Knowledge Update
Operation Update
Decision Analysis
Action Update
Personnel Management
Personnel management function has the primary objective of providing suitable manpower in number and with certain ability, skills, and knowledge, as the business organization demands from time to time. Its goal is to control personal cost through continuous increase in manpower productivity by resorting to the following techniques: 1. Human Resource Development through training and upgrading the skills; 2. Motivating through leadership and job enrichment; 3. Promotion and rewards through performance appraisal; 4. Grievance handling; 5. Structuring the organization.
Financial Management
Provides financial information to all financial managers within an organization. Financial management has a primary objective of meeting the financial needs of the business from time to time, by way of providing working capital and long-term capital to run the business with the goal of containing the cost of capital at the minimum. It performs the following activities:
Provides financial information to all financial Managers within an organization Profit/Loss and Cost Systems Auditing
Accounting
The system accounts for all money transactions which have taken place, directly and indirectly, and which affect the company. The money transaction may affect several aspects of the business such as Sales, Production, Purchase, Travel, shareholding, etc. The financial management system accounts typically for the following:
Capital Purchase
Fixed Deposit Income Tax Sales Tax Excise Duty Customs Duty Octroi and other Local taxes Consumption Budget
Fixed Assets
Outputs
Statutory reports : Sales tax, excise and tax returns or any other tax details. Providing reports to other financial institutions. Giving reports to the shareholders annually. Decisional reports : Break even analysis for cost and price decision. ROI for choice investment. Trend analysis to make decision for alternative material or suppliers. Sources and usage of funds. Knowledge updates : Stock valuation. Monthly trial balance, balance sheet and profit and loss account. Cash position. Expenses on major accounts. Overall business achievements in major links of business. Operations updates : Statutory payments such as Advance Tax, Sales Tax, Octroi etc. Filling of statutory returns and reports. Transactions executed and accounted in the systems. Reports on finished goods, dispatches and invoicing.
Production Management
The objective of Production management function is, to provide manufacturing services to the organisation. This involves the manufacture of products of a certain specified quality and within certain costs in a stipulated time fulfilling the promise given to the customer. The production management is conducted through innumerable transactions. They relate to planning, issuing and controlling the various tasks involved in the course of production.
Transactions
1.
2.
3. 4. 5. 6. 7.
Purchase requisition Purchase order Receipt of goods Return of goods to supplier Issue for production Return from production Certification of bill for payment
APPLICATIONS
The materials management function is conducted through several administrative and management systems. It has following system1. 2. 3. 4. 5. 6.
7.
8.
Forecasting and planning Procurement Purchase ordering Goods receipt Inspection Issuing the material Processing the returns Bill passing and control
A) Accounting
1. 2. 3. 4.
5.
6. 7. 8.
Purchase quantity Issue quantity Stocks Goods returns Rejections Performance Value of purchase Average or standard rate of accounting
MARKETING MANAGEMENT
The marketing management deals with satisfying the consumer. The scope of function starts from identifying the need of consumer, evolving product concept, designing the product, positioning the product in the market and selling at appropriate price.
Customer order Order acceptance Delivery note Invoice, credit note, debit note
APPLICATIONS
1.
a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p.
Accounting
Product sale Product family Sales value Sales tax Dealer Distributor Customer Excise duty Zone Area Inventory Receivables Market segment Exports market Returns complaints
APPLICATIONS
2. Query 3. Decision Analysis 4. Control
i. sales versus budget ii. Marketing cost versus Budgeted Cost iii. Product sale versus target fixed for Market Segments iv. Planned sales programme versus actual sales versus competitors sales
REPORTS
1. 2.
i. ii. iii. iv. v. vi. vii. viii. ix.
ii.
iii. iv.
v.
vi.
Order book Despatch book Inventory Invoice Customer complaints Complaints disposed
4. Decision analysis
REPORTS
5. Action update i. Sales versus budget ii. Expenses versus sales iii. Sales growth versus sales objective iv. Sales versus market segment versus budget v. Stock versus budgeted stock levels vi. Complaints versus number of complaints serviced.
An Executive Information System (EIS) is a type of management information system intended to facilitate and support the information and decision-making needs of senior executives by providing easy access to both internal and external information relevant to meeting the strategic goals of the organization. It is commonly considered as a specialized form of a Decision Support System (DSS) The emphasis of EIS is on graphical displays and easy-to-use user interfaces. They offer strong reporting and drill-down capabilities. In general, EIS are enterprise-wide DSS that help top-level executives analyze, compare, and highlight trends in important variables so that they can monitor performance and identify opportunities and problems. EIS and data warehousing technologies are converging in the marketplace.
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