Nostalgic Records Proposal

Partner, Melody Nostalgic Records March 16, 2013 Proposal Number 014298B TABLE OF CONTENTS 1. Company OverviewPage 4 2. Company Information SystemsPages 5-6 3. Table of Benefits & DrawbacksPage 8 4. Projected SalesPage 9 5. ReferencesPage10 COMPANY OVERVIEW Melody Nostalgic Records will have its grand opening on May 1, 2013. We are a small, brick n’ mortar, nostalgic record store located in downtown San Antonio, Texas. We will be providing a variety of music arrangements in the form of compact discs, vinyl records, cassette tapes, and 8 tracks.This will ensure we have products for all age ranges of customers. Along with music, we will also sell music products such as headphones, posters, t-shirts and other related items. In order to meet the needs of customers, we will need to have various information systems in place so we will be able to meet the needs of the customers as well as the needs of the company. Information Systems are integrated sets of components for collecting, storing, and processing data and for delivering information, knowledge, and digital products (Encyclopedia Britannica, Inc.   2013). COMPANY INFORMATION SYSTEMS In order to ensure success in our business and customer satisfaction, utilization of the following five types of information systems will be conducted. * Functional Area IS * Executive Dashboard * Electronic Commerce System * Supply Chain Management System * Decision Support System COMPANY INFORMATION SYSTEMS Functional Area IS This system will support, plan and organize particular functional areas in our business.For example, this system will enable us to effectively conduct payroll and have an overview of sales management with cost and pricing analysis, inventory control, our overall spending and budget. With the information gathered, we will perform an evaluation of weekly, monthly, quarterly and annual reports. Executive Dashboard This is a tool for data management. It will allow us to identify operational efficiencies , apply preventative measures and recognize the health of our organization through a visual presentation of critical information.Through these reports we will be able to improve any processes that are lacking in our business (â€Å"Executive Dashboard†, 2007). Electronic Commerce System A website of our products will be generated and correlated into our business to meet the needs of consumers who enjoy shopping from home and expanding our client base throughout the nation. This system will eventually allow us to increase our profits. COMPANY INFORMATION SYSTEMS Supply Chain Management System This will enable our company to monitor products, information and financial flow.This system will allow us to oversee our inventory and to also guarantee that we have enough products to meet the demand of our customers (â€Å"Supply Chain Management†,2010). Decision Support System This will enable our managers and company to compile useful information from raw data, documents, pers onal knowledge, and/or business models to identify and solve problems and make decisions on comparative sales figures and projected revenue (â€Å"Decision Support Systems†, 1996-2012). BENEFITS AND DRAWBACKS OF INFORMATION SYSTEMS Information System| Benefit| Drawback|Functional Area IS| Company Organization| Security and hacking issues| Executive Dashboard| Ability to produce reports from collected data| Requires person with extensive knowledge of Dashboard system| Electronic Commerce System| Ability to sell products online and expand clients| Possible online theft| Supply Chain Management| Ability to track inventory to ensure products are available on demand| Requires person with prior inventory record keeping | Decision Supports System| Ability to identify and solve problems| Identified problems may not always be accurate| Terms Expressed in Thousands REFERENCES Decision Support Systems. 1996-2012). Retrieved from http://www. informationbuilders. com/decision-support-syst ems-dss Encyclopedia Britannica, Inc.. (2013). Encyclopedia Britannica . Retrieved from http://www. britannica. com/EBchecked/topic/287895/information-system Executive Dashboard. (2007). Retrieved from http://www. iexecutivedashboard. com/ Rainer, R. K. & Cegielski, C. G. (2011). Introduction to Information systems: Supporting and Transforming Business. Chapter 2, Information Systems, Concepts and Management. Supply Chain Management. (2010). Retrieved from http://searchmanufacturingerp. techtarget. com/definition/supply-chain-management