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Transaction Processing Systems ( Tps )

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Transaction processing systems (TPS) provide data collection, storage, processing and outputting functionalities for the core operations of a business. These functions are necessary for operational managers. In that way the data generated by the TPS answers general business questions and to track the flow of transactions throughout the business. TPS can keep track of such systems as payroll, inventory, sales, shipping and other vital business systems. Business intelligence systems have quite a few systems under their umbrella, they can sometimes be very involved as they identify, extract and analyze data for various operational needs, principally for decision-making purposes. These types of information systems may predict future sales patterns, or forecast sales. For example, financial institutions use business intelligence systems to develop credit risk models that analyze the number and extent of lending or credit given to various customers. These systems may use various techniques and formulas to determine the probability of loan defaults.
The first of these systems is the Management information systems (MIS). MIS is a grouping of systems that middle managers utilize to monitor and control the business and predict future performance. These systems along with the information from the TPS produce reports that provide managers with answers to routine questions that have been predetermined. The models that are used are normally simple Decision-support systems (DSS)
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