Decision Support Information
Most of the information required by the middle and the top
management is for decision making. The information does not act to a direct
input to the decision making procedure or formula but supports the manager in
the efforts of decision making.
Information is used in a decision support system for model
building and problem solving. The
support may act in two ways, one for justifying the need of a decision, and the
other as an aid to decision making.
For example, the information on the non-moving inventory
justified the decision of the disposal at throwaway prices. The demand forecasts
information aids in the decision on determining the economic order quantity for
production or a sale.
The decision support information can be determined for the
company at the entity level leaving its use to the decision makers in a suitable
manner. The source of this information could be internal or external to the
organization. It can be determined by identifying the tools, techniques, models
and procedures, used by the managers in the decision making.
