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WEEK 4 PURCHASING & INFORMATION TECHOLOGY
WHAT IS INFORMATION  ? INTRODUCTION TO SUPPLY CHAIN  MANAGEMENT CAREER
DEFINITION DATA INFORMATION KNOWLEDGE
DEFINITION 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. DATA INFORMATION KNOWLEDGE
DEFINITION Information is data that has been processed into a form that is meaningful to the person who received. DATA INFORMATION KNOWLEDGE
DEFINITION It is that which we come to believe and value, based on the meaningful organized accumulation of information through experience & communication DATA INFORMATION KNOWLEDGE
The relationship :
BEST DEFINE AS DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES & PROCESSES. INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT REALITY. KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE DECISIONS.
BEST DEFINE AS DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES & PROCESSES. INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT REALITY. KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE DECISIONS.
BEST DEFINE AS DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES & PROCESSES. INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT REALITY. KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE DECISIONS.
BEST DEFINE AS DATA IS THE REALITY THAT A COMPUTER RECORDS, STORES & PROCESSES. INFORMATION IS WHAT A PERSON IS ABLE TO UNDERSTAND ABOUT REALITY. KNOWLEDGE IS WHAT A BUSINESS USES TO MAKE DECISIONS.
INFORMATION CHARACTERISTIC Accuracy  Relevance Completeness  Simplicity  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance Error free  Completeness  Simplicity  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance All required info is available  Completeness  Simplicity  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance Completeness  Simplicity  Must not more than the info worth  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance Completeness  Simplicity  Economy Timeless  Must be preserved for other to understand Intelligible  Veracity
INFORMATION CHARACTERISTIC It should be related for recipient to make decision. Accuracy  Relevance Completeness  Simplicity  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance It should be simple & not to complex. Completeness  Simplicity  Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance Completeness  Simplicity  The info is available when needed. Economy Timeless  Intelligible  Veracity
INFORMATION CHARACTERISTIC Accuracy  Relevance Completeness  Simplicity  Economy Timeless  The info can be checked for accuracy. Intelligible  Veracity
ABSENCE OF THE  CHARACTERISTIC Incomplete data  Narrow knowledge base Lack of accuracy  Information overload Wrongly processed Exception to  general rule
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)  Requires a record to be generated for processing in  a data processing system. Management reporting system (MRS)  Decision support system (DSS)
INFORMATION SYSTEMS Transaction processing system (TPS)  This system provides info and support for effective decision making. Management reporting system (MRS)  Decision support system (DSS)
INFORMATION SYSTEMS Transaction processing system (TPS)  Are designed to enable an individual or group to make decision by summarising all relevant. Management reporting system (MRS)  Decision support system (DSS)
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 ,[object Object]
 Digital camera
 Electronic point of sale register
 Laser scanners
 Magnetic  stripe card
 Questionnaires
 Scanner
 Voice recognition,[object Object]
TELECOMMUNICATIONS & NETWORKING

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Week 4 Purchasing & Info Technology