CS1004: Block 3 - System Development Methodologies

Private Sector

Part of the economy run for private profit and not controlled by the government.

Public Sector

Involves the production, delivery, and allocation of goods and services by the government.

Co-operatives

Firms owned by staff members who share profits and losses.

Non-profit Organisation

Uses surplus funds to pursue goals, like charities that do not aim to generate profits.

Business Sectors

Can belong to the Industrial Sector (e.g., car manufacturer) or the Service Sector (e.g., law firm).

Business Sizes

Classified as small (<=10m), medium (<=50m), or large enterprises.

SME

Refers to Small and Medium Enterprises.

Supply Chain

Involves organizations, people, technology, and activities moving products/services from supplier to customer.

Benefits of Supply Chain Management

Focus on core activities, outsource, satisfy customer demand, ensure inventory visibility, and speed.

Supply Chain Management

Involves managing, coordinating, and integrating activities within and across businesses.

SCM Systems

Manage activities from customer requirement processing to supplier management.

Information System Outsourcing

Outsourcing information system services to other organizations, raising legal, ethical, and financial issues.

Value Chain Model

Identifies activities adding value to the final product and providing a competitive advantage.

Primary Activities

Directly generate the organization's output to customers, including operations, logistics, marketing, sales, and service.

Support Activities

Contribute to the operation of primary activities, such as organizational infrastructure, HR management, technology, and procurement.

ERP Systems Characteristics

Integrated system with applications for each business function, common database, and consistent look and feel.

SWOT Analysis

Reviews projects or business decisions based on Strengths, Weaknesses, Opportunities, and Threats.

Porter's 5 Forces

Analyzes the bargaining power of suppliers/customers, substitute products, new entrants, and competitive rivalry.

PEST Analysis

Focuses on external environmental factors like Politics, Economics, Society, and Technology.

Advantages of ERP Systems

Common platform, improved information flow, one vendor, reduced maintenance costs.

Disadvantages of ERP Systems

Limited customization, business changes to fit the system, expensive, reliance on the vendor, extensive training.

EDI

Electronic Data Interchange involves computer-to-computer exchange of business transactions.

Business Strategy Importance

Aligns departments towards common objectives and guides major resource allocation decisions.

Business Strategy Leadership

Led by the needs of the business.