Analytical Report Decision Support System

Question: Describe the purpose of the Decision Support System? Answer: Introduction The analytical report is describing the purpose of the Decision Support System (DSS). The Decision Support System is used to analyse sales trends for the business to determine the future actions for the business. If we work with the Decision Support System, the data can be easily displayed in the report format. And the mark up charges, freight charges, purchase expenses can be easily defined in the excel sheet. That is very necessary for analysing the future grown of the business. Many companies are doing main focus on freight charges today, so it can be easily notified by the Decision Support System. Decision Support System The Decision Support System (DSS) is a knowledge based system that supports the decision making activities of the business. It helps in making the decisions for the future growth of the business. It serves all the operations and planning of any business or organization. Decision Support System helps managers to solve their work and jobs. There are two types of Decision Support Systems- Programming Decision Support System Non Programming Decision Support System There are following components which make the Decision Support System- Database Management System Model Management System Support Tools There are many factors which should be considered before choosing the Decision Support System (DSS). Some of them are following- Cost Reliability Support Scalability Security Flexibility Cost The cost of the Decision Support System should be main factor before choosing the Decision Support System. MS Excel is the best choice in the Decision Support System. It is free piece of software. Anyone can download, install and run the Microsoft Office without paying any thing for the software and license fee and can access MS Access, but if any small or medium organization wants to use Microsoft Office and wants the support of Microsoft Office, then the organization has to pay some amount and it would be very small amount like few hundred dollars a year. Scalability Scalability is the most important factor before choosing the Decision Support System. The Decision Support System should be able to grow with our needs. The Decision Support System should be capable to support large number of courses and modules. In starting the organization can use the Decision Support System on a very small scale but later if the organization wants to grow the Decision Support System according to its needs, the Decision Support System should be capable to grow with the demand of organization. Support Support is also the most important and very crucial factor to choose the Decision Support System for any organization. If the organization can install the Decision Support System on its own then its good but if the organization wants the good technical team for support, then its very necessary that the Decision Support System team should supply the good support. Sometimes the user needs the help but there is no technical team to support, so the support should be very good and should be checked by the company before choosing the Decision Support System. It is the best option for the Dr George Martinis existing project. There are many fields in different worksheets which affects the other worksheets. And it can be easily seen, analysed and maintained by the Decision Support System e.g. the changes in the mark up type affects the cost price. So in Decision Support System, the changes in the data of the recommended fields and the resultant fields can be easily compared. And it is the best feature of the Decision Support System. The markup analysis is very essential for the pricing of products in any business. To set the prices of products, it is very crucial to set the proper mark ups that are currently used in the market. In our project there are mark ups standard Store and Suppliers. Store is the best appropriate markup for our business because the business is small and in the growing condition at this time. (About.com 2013) Markup is the amount that is added to the cost price of the product to get the selling price. The selling price depends upon the percentage of the markup that is defined by the business owner. That is why the customers choice depends upon the markup indirectly because the customers choice depends upon the quality and price of the product. (About.com 2013) Most Appropriate Freight The Hammer Freight type is the most appropriate for our business because it is the cheapest freight now a day. The Hammer Freight is expanding rapidly because of its low cost airlines. It establishes the new routes also to save the money. That is why the Hammer Freight type is the best for the business. (Airport News 2010) If the cost is transferred to the business instead of the customer, it will lead the business in the low exposure. It is not good for the future prospective to transfer the cost to the business instead of the customer. There should be balance between them of some percentage. Most Appropriate Country for the Business to Import Mexico is the most appropriate for the business to import from now a day because Mexico is increasingly growing its business market and the Mexico is doing very many efforts in the partnership with other countries. Important Factors for Import The following factors are very important while import in the business Shipping Charges Product Cost Freight Charges Personnel Relationship All the above factors do heavily impact on the business. That is why all these are very important before choosing the country for import. Conclusion In this way, the Decision Support System (DSS) is the best knowledge system that is most important for the future growth of the business. It helps in finding the freight charges, mark up types etc. it helps in setting the product pricing. References [1] Airport News 2010, EU-US Security agreement allows cheaper and faster air cargo operations, Viewed on 29 Jan 2015 https://airport-shuttle-services.blogspot.in/2012/06/eu-us-security-agreement-allows-cheaper.html [2] About.com 2013, General Retail Business Issues/ Markup and Suppliers, Viewed on 29 Jan 2015 https://en.allexperts.com/q/General-Retail-Business-2223/2012/2/markup-suppliers.htm