Friday, December 6, 2019

Business Information Systems Operation of Latrobe Valley Product Gall

Question: Discuss about theBusiness Information Systems for Operation of Latrobe Valley Product Gallery. Answer: Introduction The given case study has demonstrated certain information related to operation of Latrobe Valley Product Gallery (LVPG) who specializes in promoting and selling both (i) stand space at trade fairs and (ii) tickets for visitors to trade fairs in Latrobe Valley, Gippsland area. Based on the given data, an in depth analysis has been done. According to the analysis, it can be said that the organization will earn significant amount of profit from this operation. In this context, if the volume of profit in terms of trade fair type is taken into account, then it can be said that food section has contributed the maximum profit. Again, if the profit generation by sales representative is taken into consideration, then it can be said that Kyile contributes highest profit. The details calculations have shown in table and graphs format in the excel file. Again, it has also seen that the total hours worked during the trade fairs is 62.67 hours. In it, maximum time spent by the sales representative is in food trade fair. Here also Kylie spent the maximum number of time. Like total profit, if the total sales has considered here, then it can be said that total sales is $ 300996. In it, highest contribution in terms of sales is by food trade fair. Here, Shane contributes the highest sales. Further, if the total expenses are taken into consideration, then it can be said that clothing segment contributes highest expenses. On the other hand, furniture segment contributes lowest amount of expenses. Now, if the LVPGs five best and five worst customers by total sales are considered here, then it can be said that the five best customers are Readit, Babies RUs, Bluetailwines, DSEVic and MyGrub. On the other hand, the five worst customers are Allbooz, Red White, BobsBits, Jobsmgtco and Plonk2u. In addition, LVPGs best and worst Trade Fairs by total profit are food and clothing respectively. Again, if LVPGs best and worst sales representatives by total profit are considered here, then it can be said that best is Kylie and worst is Jarrah. It has seen from the analysis that clothing section is one of the segments, where future concern is required. Here, the cost is high but the sales volume is comparatively low. That is why the profit become less. Similarly, if a specific customer is taken into account, then it can be said that Plonk2u is a serious concern here. However, the data file provides detailed information about the operation; still certain information like feedback from the customer would taken into account. This will help to identify the reduction in sales volume. In case of record keeping aspect, it can be said that during data record, there is requiring reorganization of the storage, access control, naming conversation and version rules and a summary document, where brief about the data collected will be mentioned. It has seen that the increases of fees paid to sales representative increases the cost only. There are no certain changes in the sales revenue. Therefore, the profit level will change. So, it depends on effort to increase the sales level. Bibliography Amindoust, A., Shamsuddin, A. Saghafinia, A. (2014). Learning Improvement of DEA Technique in Decision Making for Manufacturing Applications Using DEA Excel-Solver.AMR, 903, pp.425-430. GARCA, J., BORRAJO, F. FERNNDEZ, F. (2012). REINFORCEMENT LEARNING FOR DECISION-MAKING IN A BUSINESS SIMULATOR.Int. J. Info. Tech. Dec. Mak., 11(05), pp.935-960. Hacklin, F. Wallnfer, M. (2012). The business model in the practice of strategic decision making: insights from a case study.Management Decision, 50(2), pp.166-188. Jenson, R. (2011). The Enterprise Resource Planning System In Support Of Business School Curriculum Integration.RBIS, 4(2), p.15. Jung-Lu Shen, (2012). Integrated multi-criteria decision-making (MCDM) method combined with decision making trial evaluation laboratory (DEMATEL) analytic network process (ANP) in food supplier selection.African Journal of Business Management, 6(12). Stone, R. Good, D. (2011). Dimensions of Computer System Success in Business.RBIS, 2(1), p.49. Teirlinck, P. Spithoven, A. (2012). Formal RD management strategic decision making in small firms in knowledge-intensive business services.RD Manage, 43(1), pp.37-51.

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