Decision Support System

Write an essay on Decision Support System.

 

Introduction

The essay is describing the all features and importance of decision support system. It is the best data management system that is being used to manage the large database now a day. It diminishes the workload of employees as it solves the large number of calculations within a second.

Every topic is being discussed in the essay that is important for the implementation of this assignment e.g.-

• Importance of Decision Support System
• Mark-Up Type
• Effects of Mark-Up
• Suitable Freight
• Effect of Discount

Decision Support System

There are different Decision Support Systems in the industry now a day which are very attractive and easy to handle. Every person can interact with the Decision Support System without extreme technical knowledge. It helps in resolving the issues that occur in maintaining the large data and makes the perfect calculations.

(TechTarget. 2016)

Suitability of Decision Support System

 

It is the most suitable tool for every organization from small to large. It is suitable in the situations where the data is need to be analysed from different tables and need to be summarised at one place by collecting from different sources. It provides the programming solution to that is very easy to learn.

(techonthenet.com. 2016)

Overall, it is the best tool that can be implemented in every type of organization.

Best Mark-up Type

The Store and Supplier mark ups are being used in this assignment. Every mark-up has its own conditions. The default mark-up that is being used in this assignment is ‘Store’. The exchange rate, freight cost etc. depends upon the mark-up type also, that is why; it should be very good. The chosen type of mark-up depends upon the need of the customer.

Mark-up affects the Customer’s Decision

The mark-up affects the customers decision to a great extent and it should be clearly chosen so that it may fulfil the needs of the customers. It affects the profit, price and product sale. That is why; it directs impacts the decision of customers.

Effect of Discount on Business Profit

The business profit is the main factor in all businesses. It is not the single term it is the term that is affected by so many terms like freight cost, mark-up type, offered discounts etc. The business owner generally gives discount upon the items which are not being sold since a long time and in that case it increases the business profit. If the discount is given on the new arrivals, then it is not good for the business point of view.

Recommended Freight Type                                                        

The freight is the main factor that affects the business to a great extend and this is the reason that it should be chosen very wisely. It affects the cost price of products and that is why affects the sale price and customer decisions. The ‘Johannes Kepler Freight’ is the default chosen freight in the assignment but it can be changes according to the distance of the customer.

Effect of Freight Type

It affects the cost price of products and that is why affects the sale price and customer decisions also. The customer always choose the best products from the quality and cost wise and that is why; it is the main factor that throws the great impact on the business.

Best Import Country

The business should always be done by taking one factor that is profit and reputation. That is why; the best country should be chosen to import the data. The country that takes fewer charges and is the nearest country and the most important thing is that the country has good reputation, should be chosen for import. The Luxembourg country is the best choice at this time.

Important Issues for the Import Country

Following things are advisable to think about the import country

1. Product Cost
2. Freight Charges
3. Reputation

Conclusion

The Decision Support System is the best tool that helps in taking the wise decision in the critical circumstances. It helps to the top level management in analysing the large data without any delay and minimizes the workload of the employees also.

It works best in the situations where large data handling is the most critical task and a small error may be the reason of huge loss.

References

[1] techonthenet.com. (2016), Excel Functions, [Online]. Available: http://www.techonthenet.com/excel/formulas/. [Accessed: 28-July-2016]

[2] TechTarget. (2016), decision support system (DSS), [Online]. Available: http://searchcio.techtarget.com/definition/decision-support-system. [Accessed: 28-July-2016]