Question
1. What is a decision support system? What advantages does a decision support system have for a business like the Harvard Cooperative Society? 2. How
1. What is a decision support system? What advantages does a decision support system have for a business like the Harvard Cooperative Society?
2. How would the decision support system of a business like the Harvard Cooperative Society differ from that of a major corporation?
3. Briefly outline the components of the Harvard Cooperative Society's decision support system.
4. Look up some archival data on the development of department stores. How have department stores changed over the past 50 years regarding number of stores, store size, customer base, etc.?
5. How might the Harvard Cooperative Society use the iBeacon technology?
Case 2.1. Harvard Cooperative Society From his office window overlooking the main floor of the Harvard Cooperative Society, CEO Jerry Murphy can glance down and see customers shopping. They make their way through the narrow aisles of the crowded department store, picking up a sweatshirt here, trying on a baseball cap there, checking out the endless array of merchandise that bears the Harvard University insignia. PHOTODISC GREEN/GETTY IMAGES Photodisc Green/Getty Images Watching Murphy, you can well imagine the Coop's founders, who started the store in 1882, peering through the tiny window-panes to keep an eye on the shop floor. Was the Harvard Square store attracting steady traffic? Were the college students buying enough books and supplies for the Co-op to make a profit? Back then, it was tough to answerbooks and supplies for the Coop to make a profit? Back then, it was tough to answer those questions precisely. The owners had to watch and wait, relying only on their gut feelings to know how things were going from minute to minute. Now, more than a hundred years later, Murphy can tell you, down to the last stock keeping unit, how he's doing at any given moment. His window on the business is the notebook computer that sits on his desk. All day long it delivers uptotheminute, easyto read electronic reports on what's selling and what's not, which items are running low in inventory, and which have fallen short of forecast. In a matter of seconds, the computer can report gross margins for any product or supplier, and Murphy can decide whether the margins are fat enough to justify keeping the supplier or product on board. \"We were in the 18003, and we had to move ahead,\" he says of the $55 million business. Now, he considers investing in iBeacon and/or other NFC technology as a way of directing customers toward purchases as they browse through the storeStep by Step Solution
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