Information System And Management Function
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An information system collects, stores, processes, and reports data from various sources to provide managers with necessary information for decision making. Management information systems help establish organizational structure, document procedures, simplify audits, and maintain large financial databases. They are also used for accounting, generating financial reports, budgeting, planning, and decision making. Human resource management systems deal with activities like attendance tracking and payroll as well as maintaining employee data. Information systems allow effective marketing by collecting, sharing, and using information to promote brands through coordinated communication across departments.
Information System And Management Function
- 1. INFORMATION SYSTEM AND MANAGEMENT FUNCTION “An information system (IS) is a formalized computer information system that can collect, store, process and report data from various sources to provide the information necessary for managerial decision making.”(Hicks 1993)
- 2. MANAGEMENT INFORMATION SYSTEM • Using an MIS, an organization is able to establish its hierarchical structure and work-flow charts. Every employee in the organization knows the employees he has authority over and to whom he is responsible for work. • The company’s operating and procedures are listed by an MIS. The preparation of audits also gets simplified. • Types of mis are TPS ,OIS and DDS
- 3. Management Information System in Finance • Management Information Systems (MIS) in Finance have been widely adopted both by corporations as well as governments. • They are information systems with capacity to maintain large data bases enabling organizations to store, organize and access financial information easily. • These systems are primarily used for accounting operations and generation of financial reports.. Increasingly they are also used to support budgetary, planning and decision making processes.
- 4. Management Information System in Human Resource • MIS in human resource function deals with routine activities like attendance recording and payroll calculations. • maintenance of employee related data and generating appropriate reports are the crucial aspects of any organization. So most of the organizations are adopting computer based human resource management systems (HRMS).
- 5. Information systems in marketing • Managing marketing information by means of IT has become one of the most vital elements of effective marketing. • By collecting and sharing marketing information and by using it to promote corporate and brand image. • Information systems allow dynamic marketing communication between personnel in corporate planning, accounting, advertising and sales promotion, product management, channels of distribution and direct sales.