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These decisions are usually aimed at a farther sighted goal than those of Operational managers and often need more intelligence pulled from data systems in order to reach these objectives.Middle managers might be more concerned with how to improve yearly gains and may use systems that will deliver more detailed information about specific locations of factories or retailers in certain states.The systems they use might include the stock market, which tracks the progress of a lot of businesses.
Financial Institutions are an example of this type of system; it is used to create credit risk models that study the number and amount of lending given to the sectors.
Knowledge management systems organize the knowledge within an organization and then share it.
KMS brings innovation, top quality performance, integration, and knowledge to an organization.
Small and large enterprises can benefit from this type of system.
Business owners view this system as a valuable attribute to their company because it provides quick responses to their customers and partner questions.
There are systems implemented in many institutions (ex.
These usually involve transaction systems such as point-of-sales or warehouse systems that record stock and inventory.
Operational managers such as supervisors or foremen use separate information systems designed to meet short term goals and gains.
There are many different types of information systems.
Even though there are many systems, the four that will be elaborated are the following: transaction processing systems, customer relationship management systems, business intelligence systems, and knowledge management systems.