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The use of software to aid decision making.

Extracts from this essay...

Introduction

2.4 The use of software to aid decision making The achievement of Kool keyrings will depend on the effectual and accurate production of goods and services. However the speed and efficiency of the products is also a great factor that must be considered. Today businesses totally depend on electronic devices to help them through out their regular day for example a bank has an automatic calculator to calculate to avoid wasting staff times and to also speed up the process of the bank. To make it easier for our business we will also use a range of technology. We have decided this because it will increase the phase of productivity and also increase the amount of production and will be less time consuming and more cost effective. "Computers have led to a worldwide information network available to everyone. Hand held apparatus means anyone can communicate with anyone from anywhere at any time as well as with any of the 3,000,000 public databases available worldwide". http://atschool.eduweb.co.uk/girvanac/Millium/techset.htm the information above shows that computers are a great source of communication and the internet is a foundation for communication as it will provide me with data and clear information of themes, types of products and other information. We will be using various different Microsoft Office Packages and below are some main advantages: 1.

Middle

If we get to sell less keyrings than the predicted amount then our net profit will increase therefore the pie chart below will have to change again however this will be easy for us as we will have the data stored. Another software that we had used was Microsoft Word Microsoft Word allows a business to do several things, firstly they are able to extract, manipulate and change text. They can also type up this like a legal document such as the memorandum of association shown below. We used Microsoft to create our posters as we could add fancy text from word art. Many business use Microsoft Word to produce Memo's and other important documents such as minutes. However these are our long term targets to note down minutes and also to create memo's instead of verbally calling for a meeting. Example of a Memo Example of report The Microsoft document allows me to do various things as it has a lot of useful toolbars. The main options I used were: 1. New page - this was when I opened a new page even though I was doing other work. 2. Open button- this allows me to open any documents that are saved. 3. insert a box, arrow or any other object 4.

Conclusion

Data must be protected with suitable security against unauthorised view. To make sure these rules are met and not broken we will monitor them individually. How Kool Keyrings will use software to aid decision making Our business Kool Keyrings has applied all the information above in the business. Overall we will be using Microsoft word to produce letters if we need to get premises permission or need to write a letter to the investor or loan giver we can easily write a professional letter. We will also be using spreadsheet to create financial information such as the Cash Flow Forecast, Gantt chart etc. When we start selling our product we can use this to see whether we are making a loss or profit. We will also use the internet to check upon our competitors to deduce their strengths and weaknesses and to take their weaknesses in our hand. We will also use the internet to gain secondary research to back up our primary research. In the long term we may wish to set up an online business as this will increase our market and profit. We may use to the internet to advertise our product in the future. We will also e-mail will increase communication between members and other people linked to our business e.g. Investor. To further increase our business we may consider using Front page or Dream weaver to create a professional website to sell our products. Anisa Bibi Mrs Younas

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