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Business systems planning ( BSP) is a method of analyzing, defining and designing the information architecture of organizations. It was introduced by IBM for internal use only in 1981, [1] although initial work on BSP began during the early 1970s. BSP was later sold to organizations. [2] It is a complex method dealing with interconnected data ...
A management information system (MIS) is an information system [1] used for decision-making, and for the coordination, control, analysis, and visualization of information in an organization. The study of the management information systems involves people, processes and technology in an organizational context.
Information Technology Planning (ITP) is a critical topic in the large field of information technology and information systems management. ITP's major goal is to streamline IT investment and decision-making planning procedures, resulting in a more flexible, adaptive, and tightly linked process. According to Architecture and Governance Magazine ...
Enterprise resource planning ( ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software —typically a suite of integrated applications —that an organization can use to collect, store, manage and interpret ...
An enterprise planning system covers the methods of planning for the internal and external factors that affect an enterprise . These factors generally fall under PESTLE. PESTLE refers to political, economic, social, technological, legal and environmental factors. Regularly addressing PESTLE factors falls under operations management.
An information system ( IS) is a formal, sociotechnical, organizational system designed to collect, process, store, and distribute information. [1] From a sociotechnical perspective, information systems are composed by four components: task, people, structure (or roles), and technology. [2] Information systems can be defined as an integration ...
Business management tools are all the systems, applications, controls, calculating solutions, methodologies, etc. used by organizations to be able to cope with changing markets, ensure a competitive position in them and improve business performance. [1] [2]
Integrated business planning. Integrated business planning ( IBP) is a process for translating desired business outcomes into financial and operational resource requirements, with the overarching objective of maximizing profit and / or cash flow, while cutting down risk. The business outcomes, on which IBP processes focus, can be expressed in ...
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