Using Information - Essay Example

The operation support system undertakes the monitoring, controlling, analyzing, and management of a computer network. This system is more beneficial as it allows the low-level managers within the bank to monitor the day-to-day running of the operations (Stickney et. al., 2009). As the managers can access vital operational information, it enables them to make sufficient decisions, as the trend of basic operations of the banking clients is easily accessible. The operation support system is gaining advantage today because of its ability to process both financial and non-financial transactions, especially in a banking institution daily.

There are various functional areas within the banking institution. These areas enhance effective and efficient transactions, which lead to profitability, especially in the launch of new products. The sales department uses the information to ascertain the products and services that customers are interested in and therefore, develop and administer an effective selling program. The purchasing department uses information in the acquisition of goods and services that meet the standards set in the organization in order to meet the expected goals.

The manufacturing department uses the information for production scheduling, quality, and inventory control and maintenance of products.The marketing department accesses the information in order to ascertain the company's market by carrying out a market survey, which produces relevant information based on the selling and distribution of products to customers. The finance department uses the information in ascertaining the transactions that contribute to the organization's income as a result, the final output includes the production of a financial report indicating the profitability levels through the sell of products(Stickney et. al., 2009).

The human resource department uses the information in determining the labor employed in an organization as to whether it complements with the production. Therefore, it advocates for either an increase of labor in order to enhance efficiency.The launch of a new product requires the flow of information from one department to another in order to achieve success in the market by achieving consumers’ satisfaction. The marketing department carries out a survey in the market in order to ascertain the consumers’ tastes and preferences thereafter the purchasing department looks out for raw materials to need in production such that the manufacturing department can produce products for mockup marketing (Stickney et. al., 2009).

The human resource department ensures that the labor-capital force in the various departments can effectively sustain the production of a new product. The finance department then fixes up a selling price for the product while the sales department ensures that the products are attracted to the new product and that the firm retains customers.Flow of information