BTEC Level 3 Unit 3: Information Systems Mr Satari Lesson 4 & 5
Lesson Aim: Lo1 We are learning about: The purpose of information, information flow and characteristics of good information (reliability). We are learning to be Collaborative and aspirant We are learning to use Literacy skills, fact-finding and team-work
Purpose of information Operational support Analysis Decision making Competitive advantage
Operational support Monitoring and controlling activities Making immediate use of information minute by minute Stock: the things needed based on the sales, employees, resources Price matching with different stores
Analysis Performing data processing Identifying pattern, trends monitor business Compare different stores locally and nationally Analyse sales to predict growth and future revenue, staffing, budgeting and advertising.
Decision making Support decisions when problems / issues arise You can reduce: cost by reducing stock wastage (orders), staff (hours worked) Operational: at branch level Tactical: small groups of branches Strategic: regional or national
Gaining advantage Taking advantage of events locally, as well as internally and externally Business responding to local events, for example a game being played or any other sporting events etc…
Flow of information Upwards
Task 1 (15) For this task, look at either Domino’s Pizza or McDonald’s. Look at how they use information for the following: Operation support Analysis Decision making Competitive advantage
Flow of information Downwards
Flow of information Across
Reliability of data source? What is the most reliable type of information? (Academic databases, Wikipedia, material based on opinion, government) Free data limited Which sources should you use?