(8)What are the areas of applications of Computer based Applications?



Answer: Following are some of the areas of applications of Computer based Applications:

(1)Finance and Accounting:
  • This application helps in planning and monitoring financial budget.
  • It also helps in forecasting revenues, determining the best resources and uses of funds and managing other financial resources.
  • Some sub-applications areas in finance and accounting are financial accounting, asset accounting, cash management, fund management etc.
(2)Marketing and Sales:
  •  The objective of this application is to maximize the sales and ensure customer satisfaction.
  • This application aids in marketing activities, creating new customers and advertising the products.
  • The system may also be used to compute commissions for dealers or salesmen and thus helps the corporate managers to take decisions in many crucial areas. 
(3)Manufacturing:
  • The objective of this application is to support manufacturing activities by optimally deploying man, machine and material to maximize production or service.
  • The system generates production schedules and schedules of material requirements, monitors the product quality, plans for replacement or overhauling the machinery and helps in overhead cost control and waste control.
(4)Inventory Management:
  • The objective of this application is to keep the track of materials in the stores.
  • The system is used to determine the maximum and minimum level of stocks, to give timely alert for re-ordering of materials and to calculate optimal re-order quantity.
  • This application also provides important information for production schedule and marketing/sales strategy.

(5)Human Resource Management:
  • The objective of this application is to ensure effective and efficient utilization of human resources.
  • This application includes details of qualifications, training, area of expertise, experience etc. which helps management for allocating manpower to right activity.  
  • An HRM system may have the following modules – personnel administration, recruitment management, travel management, promotion management etc.