Sunday, May 19, 2019

Decision Support Systems

A decision support system (DSS) is a computer program which is developed with a specific purpose of analyzing business information and presenting it to users to enable them make business decisions easily. It is different with other applications because of its readiness to analyze business data and it is therefore an informational application.It can therefore be used in analyzing gross sales figures within a given period, projecting revenue collections within a specific period of prison term among others.A decision support system has the ability to present information in a graphical carriage for ease of understanding and it can also incorporate an expert system or artificial intelligence.A numeric model is a mathematical representation of some kind of reality which is used to detect more than details about it. Mathematical model can be used to find a resolution to a decision problem and assist in planning, it can also be used to find a relationship among the input variables and establish the meaning of a particular set of data (Silver, 1991). Mathematical model can take the form of dynamic systems, differential equations, statistical models etc.This is a case claim of Decision Support System called ACRPLAN which Bayer Cooperation installed to assists it with fiscal planning and budgeting. Some of the problems that the caller-out was encountering during budgeting planning be slow budgeting process, difficulties in obtaining financial data to use in budgeting.This was a problem because all the callers data were stored in various computers and obtaining them in all the companys department was quite difficult. There was also inefficient in communication methods between the different departments of the company.There was no single individual who could understand the whole companys data from all the departments and present it to the budgeting personnel to assist with budgeting purposes. The company was also set about with another problem of generating several budgets hence creating redundant data during budget generation. These close to of the redundant data occupied the companys resources and were never used.The management of the company was also faced with another problem of lack of sufficient data for decision making. The budgeting process was tedious and time consume so the managers had to wait for all the companys data to be gathered and the budget be drawn.The company was previously using surmount worksheets which required manual input of data and this process increase the companys budgeting costs since it had to hire data entry clerks to enter data to the excel worksheets. The excel worksheet was sophisticated and required a lot of training.The company was growing at a very mettlesome rate and this was creating problems to the budgeting team because they could not accommodate all the requirements of the extraordinary growth of the company. The other problem was combine the companys business processes and the planning process which were increasingly becoming complicated (Gachet, 2004).The volume of data that the company was generating was also high and analyzing this data for financial planning purposes was quite difficult. Most of the companys personnel were doctors, sales people, and research scientist who had little knowledge of financial planning and budgeting.This created problems because the companys financial data was quite complex and the company had to hire a financial expert to analyze the data and generate the companys budget.

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