T P S

By: A Elizabeth Jones

What are TPS’s?A) Temporarily Protected Systems

B) Transaction Protected Systems

C) Transaction Processing Systems

D) Temporary Processing Systems

What are TPS’s?A) Temporarily Protected Systems

B) Transaction Protected Systems

C) Transaction Processing Systems

D) Temporary Processing Systems

What are TPS’sTransaction- the action of conducting business

Process(ing)- a series of actions focused to achieve a certain outcome

System- a group of mechanisms that act together to attain a certain outcome

The Purpose of a TPSA TPS is an Information System that collects and stores data as well as retrieves it.

TPS processes a company's business transactions within the business or between the business and outside establishments. Thus aiding the procedures of an organization

When? What?The foundations for TPS began as early as the 1970’s, actual applications became available in the 80’s.

Examples of Transaction Processing Systems would be airline reservation systems and payroll processing systems.

Why a TPS?Characteristics that warrant a business to get a TPS:

Large volume of transactions Analogous transactions Means for collecting, managing, and

exhibiting data must be well comprehended

Where are TPS’s used?Common uses for TPS:

Bank Deposits Billing Ordering

Evolution from then… Transaction Processing originally took place in batch mode system where the transactions were stored and then executed later.

to Evolution now…

Technology is always growing and changing, now TPS’s can produce responses immediately in real-time.

What is SOP?A) Standard Operation Procedure

B) Standard Order Procedure

C) Service Operation Procedure

D) Service Order Procedure

What is SOP?A) Standard Operation Procedure

B) Standard Order Procedure

C) Service Operation Procedure

D) Service Order Procedure

SOP’s & Benefits Standard Operating Procedures are the redundant steps of collecting and storing data. SOP’s make the retrieval of data quick and efficient without human error.

The Benefits Transactions are either not approved,

pending (if requirements are being verified), or approved where it will then be stored.

Most TPS’s have software to prevent theft of information

Also TPS’s usually come with recovery software in case data is lost or corrupted.

The Benefits continued

Since TPS has been around for quite some time, developers of the system have had time to create reliable software to make them run quickly, accurately, and safely!

Industry StructurePorter’s Five Forces Competition from substitutes Competition from new competitors Competition from existing rivals Bargaining power of suppliers Bargaining power of customers

Five Forces examined Substitution- one thing acting in the place of

another; with there being so many different types of TPS’s substitutes constantly popping up risk is moderate, but most business’ stick with reputable companies for security reason.

New Competitors- with growing technology new competitors with updated products do occur, but since basic business functions are already covered due the how long TPS’s have been around switching is not a necessity so the risk is moderate

Five Forces examined cont->

Existing Rivals- this threat is strong, there are multiple high level companies who have been in the business of producing TPS’s for quite some time with very reputable and satisfactory products.

Power of Suppliers- threat is low due to the wide variety of TPS’s out there, the more reputable the company the more power they have

Five Forces examined cont->

Power of customers- the threat is moderate because of high level of competition in the market, all the options to choose from give the consumer power, yet bigger companies have more power than small businesses, considering the value of their business.

“Competition is the keen cutting edge of business” ~Henry Ford

Competitive Strategy- a strategy where an organization chooses a path where it is most likely to succeed in its industry.

Competitive StrategyTPS’s allow any business to focus on their competitive strategy by taking care of the basic functions of that business. Online transactions and/or reservations

would allow businesses’ differentiation. Some companies can cut costs of basic

transactions with TPS (both time and money).

Competitive StrategiesIn conclusion TPS’s enable companies to pick different systems to support whichever competitive strategy they are implementing.

Off The ChainValue Chain processes that are improved by TPS’s: Inbound Logistics ↓

Due to the fact that TPS’s collect, store, and retrieve data about transactions it would improve in time, ease and

accuracy of logistics. Outbound Logistics ↑

Off The Chain cont->

Sales and Marketing- TPS’s allow consumers to purchase products with more ease and in safer ways.

Customer Service- TPS’s allow customer and product records to be accessed quickly and efficiently for purchasing, shipping, use and returning of goods.

Happily Ever AfterIn conclusion, Transaction Processing systems have been around for a while, and will continue to evolve to help the business world. They are a vital role in everyday tasks of the modern business.

References Transaction Processing Cheat Sheet

http://www.cbare.org/writing/Transactions/transactions.htmlBy: J. Christopher Bare, September 2005

Transaction Processing Systemhttp://www.transactionprocessingsystem.org/  Chapter 9:Transaction Processing and Management Reporting Systems

http://www.umsl.edu/~joshik/msis480/chapt09.htm

Charnov, Bruce H. and Montana, Patrick J. Management. eBook. 3rd ed. P.457-458.

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