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A large financial organization is considering the installation of document management systems and workflow systems. The organization deals with many thousands of transactions each day, including those received on paper, electronically and as a result of telephone calls.
[a] Describe the main features of a document management system.
[b] Describe the main features of a workflow system.
[c] Using examples, explain how a combination of document management systems and workflow systems could improve productivity in the large organization described above.
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A paint store in Rolla sells a specific paint. The monthly demand of this paint follows a normal distribution with mean of 100 and variance of 144. The excess demand can be backordered. It takes the paint store one month to receive the order it place..
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