ONLINE TRANSACTION PROCESSING [OLTP]

Online transaction processing is carried in a client/server system. In today’s competitive environment, information at right time plays a great role in controlling costs of various resources and providing best possible services to the customers. In other words, business environment has been characterized by growing competition, shrinking cycle time and accelerating pace of technology innovations and companies have to focus on better information management. Better information means right information at right time.

OLTP are being adopted in wider scale to have the following advantages:

 It can serve multiple users at a point of time.

 Technology serves the facilities to collect information from multi-
locations.

 Inquiry handling
 Quotation preparation
 Receiving order from customers
 Checking availability of materials/products
 Scheduling delivery
 Monitoring sales transactions
 Invoicing
 Managing bills receivables etc

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