A combination of hardware, software, infrastructure and trained people are organized to facilitate planning, control, coordination, and decision making in an organization. An information system (IS) refers to a collection of multiple equipment’s involved in the spreading the information. Hardware, software, computer system connections and information, information system users, and the system’s housing are all part of an IS. Information is a collection of organized and processed data. On the other hand, a system is a procedure which will take input, process it and provide the output. Any specific information system aims to support operations, management and decision making. Information technology is a very important resource available to executives. …show more content…
You can use such information to prepare cost estimates and forecasts and to analyze how your actions affected the key company indicators. The decision of PantMax Retail to implement information system will definitely help them finding a perfect solution to regain their business in all areas. Information systems used by PantMax can be broken down into different functions: - Input – Input is the data that is collected for processing. Information system will collect all the necessary data depending on the demand of people of different locations/different stores. Storage - The data in storage should be kept safe, but the information also needs to be easily accessible for the organization from different departments/location/stores. IS will allow saving this data in hard disk which can be easily accessed by the employees of PantMax Retail. Processing - This is where the data gets turned into information and makes it meaningful. IS processes all the gathered data and according to the location of shop, the peoples, their choices and needs will create better criteria for producing and selling