hemantkpatel
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Management Information Systems (MIS), sometimes referred to as Information Management and Systems, is the discipline covering the application of people, technologies, and procedures — collectively called information systems — to solving business problems. Management Information Systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization. Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making, e.g. Decision Support Systems, Expert systems, and Executive information systems.
Background
In their infancy, business computers were used for the practical business of computing the payroll and keeping track of accounts payable and receivable. As applications were developed that provided managers with information about sales, inventories, and other data that would help in managing the enterprise, the term "MIS" arose to describe these kinds of applications. Today, the term is used broadly in a number of contexts and includes (but is not limited to): decision support systems, resource and people management applications, project management, and database retrieval application
Definition
'MIS' is a planned system of collecting, storing and disseminating data in the form of information needed to carry out the functions of management.According to Phillip Kotler "A marketing information system consists of people, equipments, and procedures to gather, sort, analyse, evaluate, and distribute needed, timely, and accurate information to marketing decision makers." (Kotler, Phillip and Keller, Kevin Lane; Marketing Management, Pearson Education, 12 Ed, 2006)
The terms MIS and information system are often confused. Information systems include systems that are not intended for decision making. MIS is sometimes referred to, in a restrictive sense, as information technology management. That area of study should not be confused with computer science. IT service management is a practitioner-focused discipline. MIS has also some differences with Enterprise Resource Planning (ERP) as ERP incorporates elements that are not necessarily focused on decision support.
Professor Allen S. Lee states that "...research in the information systems field examines more than the technological system, or just the social system, or even the two side by side; in addition, it investigates the phenomena that emerge when the two interact." [2].
Marketing information system (MkIS)
- A set of procedures and methods for the regular, planned collection, analysis, and presentation of information for use in making marketing decisions.
Everyone knows ‘MIS’ is a planned system of collecting, storing and disseminating data in the form of information needed to carry out various functions of management. Management Information System (M.I.S.) is basically concerned with processing data into information, which is then communicated to the various departments in an organization for appropriate decision-making.
Data à Information à Communication à Decisions
Data collection involves the use of Information Technology (IT) comprising: computers and telecommunications networks (E-Mail, Voice Mail, Internet, telephone, etc.) Computers are important for more quantitative, than qualitative, data collection, storage and retrieval; Special features are speed and accuracy, and storage of large amount of data.
Telecommunications provide the means for one-way or two-way communication and for the transmission of messages. A combination of IT is used: telephone, computer, processor, printer, etc. A lot of time and money are saved and the security of data and messages is ensured. MIS provides several benefits to the business organization: the means of effective and efficient coordination between Departments; quick and reliable referencing; access to relevant data and documents; use of less labor; improvement in organizational and departmental techniques; management of day-to-day activities (as accounts, stock control, payroll, etc.); day-to-day assistance in a Department and closer contact with the rest of the world. It is important to note that whatever IT is installed must be appropriate to the organization, and to each department (Ref. to ‘Functional Areas’).
MIS is a desired output in any information system that provides clear and relevant direction to decision makers in assessing what is happening in the business. The fact that this information is based on historic transaction data, mapping and linking external available data pertaining to markets, competition and innovation in the business areas is something missing in most forms of MIS generated within organizations. The biggest problem encountered by CIOs in any large organization is how much data is sufficient to predict a market scenario? This issue of over information / insufficiency of information is a challenge not addressed in many BI tools. Startegy based on MIS always tends to be reactive and rarely it has enabled creation of proactive strategies. If businesses have to be ahead of Market- a contant market research endeavour has to be in place in every organization. Without that you will be only reacting to market and never be able to drive the market.
Intended benefits of MIS
· MIS provides managers with information and support for effective decision making, and provides feedback on daily operations
· Output, or reports, are usually generated through accumulation of transaction processing data
· Each MIS is an integrated collection of subsystems, which are typically organized along functional lines within an organization
MIS investments pay off for a company in many ways…….
· Core competency support
· Enhanced distribution channel management.
· Increased brand equity
· Boost production processes
· Impact mass customization production processes
· Leverage learning curve advantages
· Leverage IT investment in computer aided design
· Leverage stability
· Expand E-commerce
· Improve B2B commerce
Five Elements of usable MIS
· Timeliness
· Accuracy
· Consistency
· Completeness
· Relevance
Sources of MIS
Characteristics of a Management Information System
· Provides reports with fixed and standard formats
o Hard-copy and soft-copy reports
· Uses internal data stored in the computer system
· End users can develop custom reports
· Requires formal requests from users
Management Information Systems for Competitive Advantage
· Provides support to managers as they work to achieve corporate goals
· Enables managers to compare results to established company goals and identify problem areas and opportunities for improvement
MIS and Web Technology
· Data may be made available from management information systems on a company’s intranet
· Employees can use browsers and their PC to gain access to the data
Functional Aspects
· MIS is an integrated collection of functional information systems, each supporting particular functional areas.
· Scheduled reports
o Produced periodically, or on a schedule
o (daily, weekly, monthly)
· Key-indicator report
o Summarizes the previous day’s critical activities
o Typically available at the beginning of each day
· Demand report
o Gives certain information at a manager’s request
· Exception report
o Automatically produced when a situation is unusual or requires management action
Scheduled Report Example
Key Indicator Report Example
Demand Report Example
Exception Report Example
Outputs of Management Information System
hi dear, can u upload the complete document.. thnks
Background
In their infancy, business computers were used for the practical business of computing the payroll and keeping track of accounts payable and receivable. As applications were developed that provided managers with information about sales, inventories, and other data that would help in managing the enterprise, the term "MIS" arose to describe these kinds of applications. Today, the term is used broadly in a number of contexts and includes (but is not limited to): decision support systems, resource and people management applications, project management, and database retrieval application
Definition
'MIS' is a planned system of collecting, storing and disseminating data in the form of information needed to carry out the functions of management.According to Phillip Kotler "A marketing information system consists of people, equipments, and procedures to gather, sort, analyse, evaluate, and distribute needed, timely, and accurate information to marketing decision makers." (Kotler, Phillip and Keller, Kevin Lane; Marketing Management, Pearson Education, 12 Ed, 2006)
The terms MIS and information system are often confused. Information systems include systems that are not intended for decision making. MIS is sometimes referred to, in a restrictive sense, as information technology management. That area of study should not be confused with computer science. IT service management is a practitioner-focused discipline. MIS has also some differences with Enterprise Resource Planning (ERP) as ERP incorporates elements that are not necessarily focused on decision support.
Professor Allen S. Lee states that "...research in the information systems field examines more than the technological system, or just the social system, or even the two side by side; in addition, it investigates the phenomena that emerge when the two interact." [2].
Marketing information system (MkIS)
- A set of procedures and methods for the regular, planned collection, analysis, and presentation of information for use in making marketing decisions.
Everyone knows ‘MIS’ is a planned system of collecting, storing and disseminating data in the form of information needed to carry out various functions of management. Management Information System (M.I.S.) is basically concerned with processing data into information, which is then communicated to the various departments in an organization for appropriate decision-making.
Data à Information à Communication à Decisions
Data collection involves the use of Information Technology (IT) comprising: computers and telecommunications networks (E-Mail, Voice Mail, Internet, telephone, etc.) Computers are important for more quantitative, than qualitative, data collection, storage and retrieval; Special features are speed and accuracy, and storage of large amount of data.
Telecommunications provide the means for one-way or two-way communication and for the transmission of messages. A combination of IT is used: telephone, computer, processor, printer, etc. A lot of time and money are saved and the security of data and messages is ensured. MIS provides several benefits to the business organization: the means of effective and efficient coordination between Departments; quick and reliable referencing; access to relevant data and documents; use of less labor; improvement in organizational and departmental techniques; management of day-to-day activities (as accounts, stock control, payroll, etc.); day-to-day assistance in a Department and closer contact with the rest of the world. It is important to note that whatever IT is installed must be appropriate to the organization, and to each department (Ref. to ‘Functional Areas’).
MIS is a desired output in any information system that provides clear and relevant direction to decision makers in assessing what is happening in the business. The fact that this information is based on historic transaction data, mapping and linking external available data pertaining to markets, competition and innovation in the business areas is something missing in most forms of MIS generated within organizations. The biggest problem encountered by CIOs in any large organization is how much data is sufficient to predict a market scenario? This issue of over information / insufficiency of information is a challenge not addressed in many BI tools. Startegy based on MIS always tends to be reactive and rarely it has enabled creation of proactive strategies. If businesses have to be ahead of Market- a contant market research endeavour has to be in place in every organization. Without that you will be only reacting to market and never be able to drive the market.
Intended benefits of MIS
· MIS provides managers with information and support for effective decision making, and provides feedback on daily operations
· Output, or reports, are usually generated through accumulation of transaction processing data
· Each MIS is an integrated collection of subsystems, which are typically organized along functional lines within an organization
MIS investments pay off for a company in many ways…….
· Core competency support
· Enhanced distribution channel management.
· Increased brand equity
· Boost production processes
· Impact mass customization production processes
· Leverage learning curve advantages
· Leverage IT investment in computer aided design
· Leverage stability
· Expand E-commerce
· Improve B2B commerce
Five Elements of usable MIS
· Timeliness
· Accuracy
· Consistency
· Completeness
· Relevance
Sources of MIS
Characteristics of a Management Information System
· Provides reports with fixed and standard formats
o Hard-copy and soft-copy reports
· Uses internal data stored in the computer system
· End users can develop custom reports
· Requires formal requests from users
Management Information Systems for Competitive Advantage
· Provides support to managers as they work to achieve corporate goals
· Enables managers to compare results to established company goals and identify problem areas and opportunities for improvement
MIS and Web Technology
· Data may be made available from management information systems on a company’s intranet
· Employees can use browsers and their PC to gain access to the data
Functional Aspects
· MIS is an integrated collection of functional information systems, each supporting particular functional areas.
· Scheduled reports
o Produced periodically, or on a schedule
o (daily, weekly, monthly)
· Key-indicator report
o Summarizes the previous day’s critical activities
o Typically available at the beginning of each day
· Demand report
o Gives certain information at a manager’s request
· Exception report
o Automatically produced when a situation is unusual or requires management action
Scheduled Report Example
Key Indicator Report Example
Demand Report Example
Exception Report Example
Outputs of Management Information System
hi dear, can u upload the complete document.. thnks
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