Nostalgic Record Store: Information Systems Proposal

advertisement
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.
Download