Communications Driven and Group Decision Support System
February 12, 2025
Australia has a peculiar economic history amongst the developed nations. Whereas all other developed countries have faced some economic downturn in the past few years, Australia has avoided recession for 25 years now! This is a record of sorts wherein a developed economy has been continually growing for such a long period of time. The […]
During 1990s’, the popular method of exchanging information between trading partners were Electronic Data Interchange (EDI) and all major ERP vendors added EDI facilities to their products. However, EDI did not achieve its desired outcome as each organization needs its customized EDI (to account for its unique data format), high set up cost (requiring privately […]
What is the American Dream and why was it so Good while it Lasted? For a long time, the United States was seen as the Land of Milk and Honey where anyone and everyone with some talent, lots of hard work, sheer grit, and dogged determination could make a career for themselves and raise a […]
Business Process Improvement projects are undertaken by Organizations from time to time to improve their internal performance and operational efficiencies. Success of BPI project depends largely upon two factors: First and foremost, the BPI project depends upon its sponsors who should ideally be drawn from the Management and the Business Unit Heads. Sponsorship and facilitation […]
While inventory classification of raw materials for Inventory Management purposes follows ABC Classification, Finished Goods inventory is classified under additional categories based on various attributes including sales volumes/patterns, functional attributes and operational requirements. Stock Category depending upon Sales Channels Finished Goods at the very basic level is manufactured and stocked separately depending upon the Business […]
Decision support systems have been incorporated into businesses to support human intelligence for years. However, these systems are not perfect. Although DSSs stop a decision maker from promoting a bias, they simply aid in decision making by offering useful insights into easily consumable bites. The idea is to present all tangible information in the forms of graphs, pictures or text, so that you don’t overlook facts.
Depending too much on a decision support system and placing an unusual amount of trust in it is not a healthy sign. A lot of uncertainties are associated with DSS, such as:
Besides limitations, decision support systems also have some disadvantages, such as:
While a large number of organizations have already incorporated DSS into business decision making, a lot are still resistant to integrate it. There may be a number of factors why they are still hesitant in adopting a DSS. These may include:
A proper address from the managers and C-suite can help employees overcome the fear and resistance to using new technology.
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