Question

Case Study Scenario Analysis

Scenario: In recent years, sea-ice melting has enabled arctic routing of vessels (the so-called "Northwest Passage") to begin on more predictable and practical schedules. Likewise, the widening of the Panama Canal has enabled larger vessels to transit that isthmus, providing additional options for moving cargo between Caribbean and Pacific waters. These developments have opened competitive opportunities that make previous decisions on terminal locations, vessel types, trip schedules, and pricing somewhat obsolete. Management wants to be able to evaluate, model, and redevelop overall strategies for our cargo business to make major changes like these into account.

Question

Question

Document a list of Management Information System (MIS) functions of the Cargo Management System would need to support the organization's strategic direction to evaluate options and opportunities that arise within the above scenario (i.e., business intelligence analytics, cargo/shipment simulation tools, shipper-consignee traffic network analysis tools) Your list should include any core operational system functions that would likely be needed or implicated in such an analysis, particularly any informatics or simulation functions included in the system.

Answer 1

The Management information system is very effective in supporting the organization’s strategic decision and also provide direction in order to evaluate the option as well as the opportunity to implement business intelligence analytics, simulation tools to look after the progress and position of the cargos. The MIS can help the business in making valid decisions thereby providing accurate and proper information and also helps in performing the analytics.

Through MIS, it can be used as an important decision-making tool such that business can able to track down the cargo that are being shipped and that it can be helpful for the organization to track down and keep a record with themselves. Thus, managing the whole thing in an easy way. Moreover, there are tools available in the market that are based on the MIS technology and will provide you the feature to perform analysis of the data present in their data warehouse. So, as per the scenario, the business can implement this tool in their business which will certainly make their business more profitable and also can take better decisions in tough scenarios.