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Decision support systems help managers analyze information within the organization. Based on this information, managers can make better decisions about pricing and profitability.

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What are the types of Decision Support Systems?

A Decision Support System is a computer-based information system that assists business or organizational decision-making activities. DSSs serve the management, operations, and planning levels of an organization and help to make decisions, which may be rapidly changing and not easily specified in advance.


What is the role of diploma holder in IT company?

A diploma holder in an IT company typically serves as a technical support specialist, software developer, or system analyst, depending on their area of expertise. They assist in maintaining and troubleshooting software and hardware, developing applications, or analyzing systems to improve efficiency. Their role often involves collaborating with senior staff and contributing to projects, ensuring that they align with the company's technical objectives. Additionally, they may be involved in user training and documentation to support end-users effectively.


How does Management information system help in decision making?

if all the persons of the organization havin' all the information about company than company easily find a perfect dicision for the company.


What are the a army signal company METL?

The Mission Essential Task List (METL) for an Army Signal Company typically includes tasks related to establishing and maintaining communication networks, providing secure and reliable voice and data communications, and ensuring information systems support for command and control operations. Other key tasks may involve troubleshooting and repairing communication equipment, training personnel on communication systems, and conducting exercises to validate operational readiness. The METL is designed to ensure the unit is prepared to support its higher command's mission effectively.


What is loop loss?

Loop loss refers to the financial losses incurred by a company due to inefficiencies or errors in operational processes, particularly in supply chain management or inventory control. It can occur when products are returned, damaged, or when there’s excessive inventory that cannot be sold. This type of loss affects a company's profitability and can arise from poor forecasting, mismanagement, or logistical challenges. Addressing loop loss typically involves improving processes and systems to enhance efficiency and reduce waste.

Related Questions

profitability ratios?

these are ratios which analyze profitability of a company. higher ratios imply higher profitability and value of a company.


Is Working capital is a measure of a company's profitability?

No, working capital is not a direct measure of a company's profitability. Instead, it represents the difference between current assets and current liabilities, indicating a company's short-term financial health and liquidity. While sufficient working capital can support operations and indirectly contribute to profitability, it does not directly assess a company's overall profitability, which is typically measured by metrics like net income or return on equity.


What is a profitability index?

Profitability index is the "rolling forward" of indices of profitability. For example, a company has a turnover of


How well did Snyder's information systems support its business?

Snyder's information systems effectively supported its business by streamlining operations, enhancing communication, and improving decision-making processes. The integration of advanced data analytics allowed for better inventory management and demand forecasting, which optimized supply chain efficiency. Additionally, the systems facilitated real-time reporting, enabling quicker responses to market changes and customer needs. Overall, these tools contributed to increased productivity and profitability for the company.


How information systems support business operation business decision making strategic advantage an e-business enterprise and electronic commerce at a company?

In a manager take a decision correctly and he get achieve our goals in a right time.we have customer satisfaction and motivate employees.


Is accrual accounting more closely related to a company's goal of profitability or liquidity?

Profitability


Is accrual accounting more closely related to a company’s goal of profitability or liquidity?

Profitability


What is produced by the IT company Nomis Systems Ltd?

Nomis Systems Ltd are a company based in Newcastle Upon Tyne in the UK. They offer IT systems support and also will work with customers to design systems to maximize their use.


How can information systems support a company 's business operations?

Information systems support a company's business operations by streamlining processes, enhancing communication, and enabling data-driven decision-making. They facilitate the automation of routine tasks, improving efficiency and reducing errors. Additionally, these systems provide valuable insights through data analysis, helping companies identify trends, optimize resources, and respond swiftly to market changes. Ultimately, effective information systems contribute to improved productivity and competitiveness.


What are the functions of executive support system?

Executive Support System (ESS) is software for businesses. The functions include turning the company's data into summarized reports from various departments. The executives of the company can quickly look over up-to-date data regarding billing, staffing, cost analysis, and more.


When did Middle East Airlines restructured a plan that returned the company to profitability?

the Middle East Airlines restructured a plan that returned the company to profitability in 2008.


Must a company that is targeted for acquisition have a current record of profitability to be of strategic value to a potential acquiring company?

Yes, according to Mutual Investors capital management it is imperative that the company has profitability.