Material movement and cash management are functions of which type of system?

Material movement and cash management are integral components of a Transaction Processing System (TPS). These systems are designed to handle the large volumes of data generated by the day-to-day transactions of a business, facilitating the capturing, storing, and processing of all information related to transactions.

In the context of material movement, a TPS typically tracks the flow of goods and materials through various stages of production and distribution. It records inventory levels, sales orders, purchase orders, and deliveries, ensuring that the right materials are available at the right time for production and fulfillment processes.

Similarly, for cash management, a TPS monitors everyday financial transactions, including sales revenue, expenses, accounts payable, and receivable. This allows businesses to maintain accurate records of cash flow and make informed decisions regarding budgeting and financial planning.

The other systems mentioned serve different functions. An Executive Support System (ESS) focuses on providing top-level management with data summaries and reports for strategic decision-making. A Management Information System (MIS) is more about generating periodic summaries and reports based on data collected, but it does not directly handle transaction details as a TPS does. Decision Support Systems (DSS) assist in problem-solving and decision-making with analytical tools but are not primarily focused on the day-to-day transactions. Therefore,