Executive Summary

Executive Summary

As we are currently investing in a small building to open a record store called, Your Tunes. What makes our record store unique in comparison to our competitors is that we offer a large diversity of music ranging from big name to underground and local artists of all genres. Another exclusive offer for our customers is the ability to buy, sell or trade actual cds. Customers will also have ability to bring in a music player device (IPod, Zune, MP3 player, computer or phone) to download and store any music they want with a new music software program.

As for the business plan of the record store the ideas are already set and in place. However, my partner is lacking the experience with information systems and the technology the store will be using to perform. What she needs to make clear of the situation is information systems that will be descriptive, evaluate benefits, and drawbacks for the Your Tunes Record Store.

In order for the record store to operate and make better sense of the systems we must first list the types of functions that Your Tunes will carry out daily. These functions include:

* Creating action reports.

* Being able to process and trace credit/debit card transactions.

* Manage the process of accounting, payroll, and company budgets.

* Maintaining inventory, data, and software.

The different types of information systems that will support the functions listed above are: Executive Dashboard, Expert System, and Management Information System.

Information's Systems Table/Chart

The chart below is to illuminate the benefits and disadvantages of the selected information systems that might help. The table will also show the method we possibly will apply the information and technology to build up Your Tunes store and safeguard our data and business records.

Type Function Benefits Drawbacks Example

Executive Dashboard Presents controls, data, summary information which is significant to executives Creates greater business insight, helps identify problems, eliminations of duplicate data entry, Increase Revenue Limitation of functionality, High costs of implementation, system may become slow Ability to track the sales by the inventory and product

Expert System Is a replica of human knowledge in a certain area and leads to making decisions Reliable, expandable, conversational much like human brain so the need for updating, operating is simple May have low success, may work poorly, does not interpret logic Processing and approving credit/debit analysis

Management information systems Creates reports from current data and transaction information Helps decision making, collects data, good memory, and minimizes info. over

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