Online processing refers to a method of transaction where companies can use an interface, usually through the Internet, to take product orders and handle payments from customers. Online processing is very popular because it can increase the efficiency of a company's sales operations and allow users to communicate with the online interface for their own needs.Know More
Online processing can be very costly, however. If the system crashes, for instance, the downtime can cost companies their sales operation and greatly affect business.
Online processing is actually one of three processes that businesses can use, the other two being batch processing and real-time processing. Batch processing is when a certain number of jobs or tasks are processed by a computer program all at once instead of being handled individually. Batch processing is commonly used for producing utility bills, payroll statements and credit card processes.
Real-time processing is very similar to online processing, but it differentiates in that it uses sensors rather than human input in order to obtain and process its data. This type of processing is commonly used with control systems and can be very useful in that it operates without delays. This type of processing can be found on aircraft warning systems, guided missiles, burglar alarms and flood warning systems.Learn more about Business Resources
Manual data processing refers to data processing that requires humans to manage and process the data throughout its existence. Manual data processing utilizes non-technological tools, which include paper, writing utensils and physical filing cabinets.Full Answer >
Publicly traded companies are businesses with shares that may be distributed to the general public when purchased on the stock market. The shares are displayed on the market where they can be bought and sold by individual investors, and the companies must provide corporate financial information to their shareholders.Full Answer >
Companies in the United States reach Fortune 500 status after reaching the profit generation threshold, which changes annually. Companies must surpass a certain financial threshold for inclusion in the Fortune 500 listing; this listing bases exclusively on profits and revenue, but companies making the list, and especially repeat organizations, share several common traits, making them more successful than their peers. The 2013 threshold was slightly more than $4.8 billion, according to Fortune.Full Answer >
Third-party logistics providers (3PL) provide logistics and supply chain management to customers, while fourth-party logistics providers (4PL) integrate the resources of all components of the supply chain in order to build improvements and provide expertise to the entire supply chain management function.Full Answer >