Nostalgic Record Store: Information Systems Proposal This proposal will help to identify what information systems are, identify the systems that can be improved by adding information systems, potential information systems to use, and an overall conclusion on information systems and Nostalgic Record Store. Table of Contents Nostalgic Record Store: Information Systems Proposal ............................................................................... 1 Proposal Introduction ............................................................................................................................... 3 Information System Software Improvements .......................................................................................... 3 Potential Information Systems ................................................................................................................. 4 Conclusion ................................................................................................................................................. 6 References ................................................................................................................................................ 7 Proposal Introduction Records are becoming a new trend again as some audiophile groups believe that they produce the best sound over newer technological advances in music like MP3 players. This means that record stores are becoming more popular again, and competition between record stores will be fierce. This is where information system programs will be necessary for a small, brick and mortar, nostalgic record store. According to Rainer and Cegielski (2011), “A computer based system (CBIS) is an information system that uses computer technology to perform some or all of its intended tasks. The basic components of a CBIS are hardware, software, database(s), telecommunications networks, procedures, and people” (p. 63). This technology, when used correctly, will help to give the store an edge over their competition that does not have a system in place, but using the wrong system or not being trained on it may have a decrease in the effectiveness of the system and impact the business’s bottom-line. Information System Software Improvements There are several processes that can be improved by using an information system software. These include: Tracking Inventory Suppliers Sales Bills, Profits and Budgeting Current and Past Client Information Orders Each of these processes requires a high level of tracking to ensure that the business is running as efficiently as possible. Potential Information Systems The five potential information systems that should possibly be put into place at the Nostalgic Record Store for their everyday operations would be an electronic commerce system, a management information system, a decision support system, transaction processing system and supply chain management. In order to determine if these would be the best fit for the business, it is necessary to examine how useful they will be and then compare the benefits against the drawbacks of the system. The breakdown is provided in the following chart. Information System Evaluated Benefits of Particular Drawbacks that May Occur Information System Electronic Commerce System Online customer sale system This has a drawback of causing problems with the inventory that may show in stock, but has been sold in the store or the other way around. Management Information This is the system that will track Buying trends may be lost in the System the transactions customers make shuffle due to the wide variety of to assist in sourcing inventory. music, old and new offered on vinyl. Decision Support System The decision support system is to A person that cannot use help with the budget information computers well may be unable to that can be used for analysis on read the reports to make the most the inventory decisions and other informed decisions. decisions that managers must make in the day to day business operations. Transaction Processing The transaction process system is May be difficult depending on System to track the data from any how the information is entered business transactions, such as into the system as there is a purchases and sales. possibility for things to be missed during a busy day. Supply Chain Management This is a system to maintain the As records may be purchased System different supplier accounts in a from used sources, it may be database. difficult to keep track of the different suppliers used as some may be a one off situation. Conclusion Most stores are in the business to sell brand new goods, but some niche stores are opening up as sellers understand how popular older used goods can be to a marketplace where buyers are looking for high quality items at a low price. The music industry is no different, and vinyl records are becoming very popular again with new and old music. Nostalgic Record Store is taking advantage of this trend to supply the best collection of records to their customers. In order to remain a customer favorite, it will be important for the manager to utilize information systems for their products. According to Heijden (2009), “So, an information system takes data as input, and processes it into output information for the benefit of decision-making” (p. 3). This will help them to keep track of the various transactions that occur in the day for buying and selling records to understand buying trends, customer information, and suppliers to give the manager an advantage when making decisions. Overall, this prevents a manager from making a blind decision without all the angles. A smaller business like a vintage record store may not require the same amount of record keeping as a corporate giant like Walmart, but it is still vital to have a system in place that keeps detailed records. References Heijden, J. G. (2009). Designing management information systems. Oxford: Oxford University Press. Rainer, R. K., & Cegielski, C. G. (2011). Introduction to information systems (3rd ed.). Hoboken, N.J.: Wiley.