Management information system (MIS)
- 1. Management Information System Presented by: • Jaisha K J
- 2. •Meaning of MIS •Definition of MIS •Objectives of MIS •Key features of MIS •Advantages of MIS •Limitations of MIS •Types of MIS Management Information System(MIS)
- 3. What is MIS? MIS is basically concerned with processing data into information and is then communicated to the various departments in an organisation for appropriate decision making. • Right information • To the right person • At the right place • In the right form • At the right cost It provides accurate and timely information. To support management in decision making.
- 4. Definition of MIS: • MIS is defined as an integrated system of man and machine for providing the information to support the operations, the management and the decision making functions in the organization. • MIS is defined as a set of related processes interacting together to provide processed data to managers at various level to fulfil various requirements in organisations.
- 5. Objectives of MIS: •It helps manager with accurate and timely information. •It provide best services to customer which helps in competitive advantages. •It provide relevant information for decision making.
- 6. Features of MIS: •Management oriented •Timeliness •Integrated •Simplicity •Reliability
- 7. Advantages of MIS: • It helps companies to highlight their strengths and weaknesses due to the presence of revenue reports, employees performance records etc., • It giving overall picture of the company and acting as a communication and planning tool. • The effective management of customer data can help the company to perform direct marketing and promotion activities. • In competitive world information is an important asset. The consumer buying trends and behaviours can predicate by the analysis of sales and revenue report from each operation region of the company.
- 8. Limitations of MIS: • It is expensive to create and implement. • It is time consuming. • It lacks flexibility. • It capture wrong or incomplete information.
- 9. Various types of MIS • Transaction Processing System(TPS): Management information system(MIS) produce fixed, regularly scheduled reports based on data extracted and summarised from the firms underlying processes transaction processing systems to middle and operational level managers to identify and inform structured and semi- structured decision problems.
- 10. • Decision support system (DSS): DSS are computer program applications used by middle management to compile information from a wide range of sources to support problem solving and decision making. • Executive support system (ESS): ESS is a reporting tool that provides quick access to summarized reports coming from all company levels and departments such as accounting, human resource and operations.
- 11. • Office automation systems(OAS) It support communication and productivity in the enterprise by automating work flow and eliminating bottlenecks. It may be implemented at any and all levels of management. • Marketing information system: They are MIS designed specifically for managing the marketing aspects of the business.
- 12. THANKYOU