Shared Flashcard Set

Details

Eras of Data Processing
10/23 Lecture Notes
5
Accounting
Undergraduate 3
12/13/2012

Additional Accounting Flashcards

 


 

Cards

Term
Era 1 of Data Processing (1956-1980)
Definition

Business functions; point solutions

 

- Mainframe technology

- Counting applications

Term
Era 2 (1980-1990)
Definition

Individual, PC, spreadsheet/word processing

 

- Focus on efficiency and effectiveness

Term
Era 3 (1990-1995)
Definition

Add value to organization; databases and marketing

 

- Strategic systems

Term
Era 4 (1995-2005)
Definition

Internal integration between departments and divisions

 

- ERP (enterprise resource planning system; heavy focus on implementing ERP (cost 10x cost of software to install)

Term
Era 5 (2005-present)
Definition

External integration

 

- Customer resource management; ex: Harrah's casinoes

 

- Most valuable customers: ones in the future

 

- Supply chain management

- Zara's: tight supply chain, gap is 6 months

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