Using IS to Stitch Competitive Edge in

SewWorld

MIS300-1203A-01

Phase 1 Individual Project

Sabrina Mergenthaler

Colorado Technical University Online

Professor Michael Pelosi

July 16, 2012

What is Data?• Raw Facts• Including:

-Alphanumeric -images- audio-video

What is Information?• collection of data organized in

such a way that they provide meaningful and useful content

• The value of information is directly Related to how it assists decision makers in achieving the goals of the company.

What is Knowledge?• Achieved through comprehension of information• New learning• Development of concepts, theories, and ideas based on information

Data, Information, and Knowledge (Oh My!)

KnowledgeComplex cognitive theories, know-how,

ideas, and concepts formulated from information

Information:Collected Data organized in such a way that is meaningful and useful to parties receiving it

DataLetters, numbers, graphics…

Representing reality and knowledge

Increasing Competitive Edge with IS

Goals of Implementing an Information System•Collect Data•Convert data into Information•Covert information in knowledge•Use knowledge to make decisions about company

Effective Decisions Lead to Competitive Advantage

•Provides support to complete a task faster, more cheaply, & with greater accuracy and consistency through automation•Provides support to improve day-to-day operations by creating, acquiring, and transferring knowledge •Supports the design of effective strategies to accomplish specific company goals.

Creating Competitive Advantage begins with Knowing

what Data to Collect

Products

CostQualityQuantit

yTimeProfit

ProcessesSpeed

EfficiencyInput/Output

CostsBarriers

PeopleEmployee InformationConsumer information

NamePurchase information

LocationBuying preference (online/in-store)

Frequency of purchases

Goal of Product Data•Create new products or services•Enhances current products or services•Differentiate products or services Goal of Process Data

•Lock in consumers and suppliers•Raise barriers to market entry•Establish alliances•Reduce costs

Goal of People Data•Protect private employee/ consumer information•Generating Job functions•Generate marketing information•Develop target market

Recommending an ERP

•What is an ERP?-Enterprise resource planning (ERP) software: software programs that manage a company’s vital business operations and integrates core business areas such as manufacturing, distribution, financials and human resources offered by vendors such as SAP, Oracle, and PeopleSoft •Benefits •Disadvantages

•Right for SewWorld -Based on Transaction Processing System, Management Information System, and Executive Information System

References

Kroenke, D. (2010). MIS Essentials. Upper Saddle River, New Jersey: Prentice Hall.

Information Systems in Business. (n.d.). M.U.S.E. Introduction to Information Systems. Colorado Technical University. Retrieved from https://campus.ctuonline.edu/courses/MIS300/p1/hub1/33485.pdf

Laudon, K.,& Laudon, J. (2010). Management information systems: Managing the digital firm. (11th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.

ERP Software Systems Index for Manufacturing. (n.d.). Top10ERP. Retrieved from http://www.top10erp.org/sap-business-all-in-one-products-10