Use of computers and information technology in management control
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The document discusses the use of computers and information technology (IT) in management control. It describes how IT systems like Management Information Systems (MIS) are used to provide information for strategic planning, tactical planning, and operational planning. MIS helps management with decision making in key areas like marketing, manufacturing, logistics, finance, and top management functions. The document outlines the objectives, prerequisites, need for, and functions of MIS. It also gives examples of tools and applications of MIS.
Use of computers and information technology in management control
- 1. USE OF COMPUTERS AND IT IN MANAGEMENT CONTROL R.ArunKumar,AP/Mech,RIT
- 2. USE OF COMPUTERS IN MANAGEMENT CONTROL: 1. Sales forecast and control SFA and CRM After Sales Service Expense Management Payroll R.ArunKumar,AP/Mech,RIT
- 3. USE OF COMPUTERS IN MANAGEMENT CONTROL: 2. Accounting R.ArunKumar,AP/Mech,RIT
- 4. USE OF COMPUTERS IN MANAGEMENT CONTROL: 3. Personnel management information R.ArunKumar,AP/Mech,RIT
- 5. USE OF COMPUTERS IN MANAGEMENT CONTROL: 4. Inventory control e.g. Chemist retail Software R.ArunKumar,AP/Mech,RIT
- 6. USE OF COMPUTERS IN MANAGEMENT CONTROL: 5. Banking e.g. National Electronic Fund Transfer R.ArunKumar,AP/Mech,RIT
- 7. USE OF IT IN MANAGEMENT CONTROL: 1. Management Information System (MIS): MIS is used for decision making in various functional areas of business. R.ArunKumar,AP/Mech,RIT
- 8. USE OF IT IN MANAGEMENT CONTROL: MIS is defined as ‘ a system of obtaining, abstracting, storing and analyzing data to produce effective information for the use in planning, controlling and decision making process’. R.ArunKumar,AP/Mech,RIT
- 9. USE OF IT IN MANAGEMENT CONTROL: Objectives of MIS: Providing right information at right time R.ArunKumar,AP/Mech,RIT
- 10. USE OF IT IN MANAGEMENT CONTROL: Objectives of MIS: To allocate appropriate resources R.ArunKumar,AP/Mech,RIT
- 11. USE OF IT IN MANAGEMENT CONTROL: Objectives of MIS: To provide sales forecasting, planning and better controlling R.ArunKumar,AP/Mech,RIT
- 12. USE OF IT IN MANAGEMENT CONTROL: Objectives of MIS: To provide information confidentially R.ArunKumar,AP/Mech,RIT
- 13. USE OF IT IN MANAGEMENT CONTROL: Objectives of MIS: To provide adequate information for better managerial activities. R.ArunKumar,AP/Mech,RIT
- 14. USE OF IT IN MANAGEMENT CONTROL: Pre – requisites of MIS: Information must be clear and concise. R.ArunKumar,AP/Mech,RIT
- 15. USE OF IT IN MANAGEMENT CONTROL: Pre – requisites of MIS: Information must be relevant to business organization. R.ArunKumar,AP/Mech,RIT
- 16. USE OF IT IN MANAGEMENT CONTROL: Pre – requisites of MIS: Information must be simple and understandable. R.ArunKumar,AP/Mech,RIT
- 17. USE OF IT IN MANAGEMENT CONTROL: Pre – requisites of MIS: Information must facilitate decision making and taking corrective actions. R.ArunKumar,AP/Mech,RIT
- 18. USE OF IT IN MANAGEMENT CONTROL: Pre – requisites of MIS: Information must help in solving complicated problems. R.ArunKumar,AP/Mech,RIT
- 19. USE OF IT IN MANAGEMENT CONTROL: Need for MIS: 1. Internal factors: Provides information about resource availability. Provides information for preparing budgets, sales forecast, marketing strategies, etc. Plays vital role in evaluating the overall performance. R.ArunKumar,AP/Mech,RIT
- 20. USE OF IT IN MANAGEMENT CONTROL: Need for MIS: 2. External factors: Provides information about governmental policies, laws, etc. Provides information about economic scenario. Provides information about recent technological up gradation. R.ArunKumar,AP/Mech,RIT
- 21. USE OF IT IN MANAGEMENT CONTROL: Resources used in MIS: R.ArunKumar,AP/Mech,RIT
- 22. USE OF IT IN MANAGEMENT CONTROL: Installation of MIS: Data collection Data feeding Data storage and retrieval Data analysis Output Decision making Implementation R.ArunKumar,AP/Mech,RIT
- 23. USE OF IT IN MANAGEMENT CONTROL: Functions of MIS: 1. Determination of information need: MIS determines, kind of information required. Identifies the person who requires the information. Information needed for various functions of organization (planning, performance evaluation, etc.) R.ArunKumar,AP/Mech,RIT
- 24. USE OF IT IN MANAGEMENT CONTROL: Functions of MIS: 2. Information gathering: Internal sources: Documents, surveys, observation, operational manual, etc. External sources: Reference journals, newspapers, surveillance, etc. R.ArunKumar,AP/Mech,RIT
- 25. USE OF IT IN MANAGEMENT CONTROL: Functions of MIS: 3. Processing: Processing includes evaluation, abstraction, dissemination and storage. R.ArunKumar,AP/Mech,RIT
- 26. USE OF IT IN MANAGEMENT CONTROL: Functions of MIS: 4. Information usage: Usage depends on factors like accuracy, timely supply and format. R.ArunKumar,AP/Mech,RIT
- 27. USE OF IT IN MANAGEMENT CONTROL: Tools of MIS: Speech recognition software Network server R.ArunKumar,AP/Mech,RIT
- 28. USE OF IT IN MANAGEMENT CONTROL: Role of MIS in management: 1. Strategic planning: R.ArunKumar,AP/Mech,RIT
- 29. USE OF IT IN MANAGEMENT CONTROL: Role of MIS in management: 2. Tactical planning: R.ArunKumar,AP/Mech,RIT
- 30. USE OF IT IN MANAGEMENT CONTROL: Role of MIS in management: 3. Operational planning: R.ArunKumar,AP/Mech,RIT
- 31. USE OF IT IN MANAGEMENT CONTROL: Applications of MIS: 1. Marketing Sales planning and forecasting. R.ArunKumar,AP/Mech,RIT
- 32. USE OF IT IN MANAGEMENT CONTROL: Applications of MIS: 2. Manufacturing Production planning and cost control. R.ArunKumar,AP/Mech,RIT
- 33. USE OF IT IN MANAGEMENT CONTROL: Applications of MIS: 3. Logistics Inventory control. R.ArunKumar,AP/Mech,RIT
- 34. USE OF IT IN MANAGEMENT CONTROL: Applications of MIS: 4. Finance and accounting Revenue and expenditure details. R.ArunKumar,AP/Mech,RIT
- 35. USE OF IT IN MANAGEMENT CONTROL: Applications of MIS: 5. Top management Policy formulation, resource allocation. R.ArunKumar,AP/Mech,RIT