As one of a variety of new tools coming out of modern computing and data modeling, DSS is getting a lot of attention from many ...
As one of a variety of new tools coming out of modern computing and data modeling, DSS is getting a lot of attention from many businesses as a way to promote better projections, management and analysis within a company or business. DSS comes in many forms, and the term basically refers to a computer-aided system that helps managers and planners make decisions. DSS combines the power of human thought with the power of modeling systems to get optimal, informed decision making.
That said, there are a lot of different ways managers can use decision support software to their advantage if they are open to exploring decision support systems (DSS) applications and uses. Typically, business planners will build a DSS system according to their needs and use it to evaluate specific operations, including:
1. A large stock of inventory, where decision support system applications can provide guidance on establishing supply chain movement that works for a business.
2. A sales process, where decision support systems software is a "crystal ball" that helps managers theorize how changes will affect results.
3. Other specialized processes related to a field or industry.