Management information systems
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Management Information System (MIS) is an integrated information system used by managers to perform operations and make decisions. MIS applies to all management levels, is linked to an organization's subsystems, and provides knowledge to support change. It must perform functions like data capturing, processing, storage, retrieval, and dissemination of information to managers. Types of information systems include office information systems, transaction processing systems, management information systems, decision support systems, executive information systems, and expert systems.
Management information systems
- 1. Management Information Systems in Digital World Dheeraj Singh Negi
- 2. What is MIS? • Management of Information System ? • System of Information Management? • Information System for Management?
- 3. Management information system Management Information System (MIS) is an integrated information system used by the managers to perform their operations and functions. It helps management in their Decision Making.
- 4. MIS: experts view According to Raymond J. Coleman and M. J. Riley, “MIS applies to all management levels; is linked to an organization’s sub-systems; it functions to measure performance, monitors progress, evaluates alternatives or provides knowledge for change or corrective action; and is flexible, both internally and externally”. G. B. Davis defines management information system as “an integrated man/machine system for providing information to support the operations, management and decision-making functions in an organization”.
- 6. MIS Function MIS is set up by an organization with the prime objective to obtain management information to be used by its managers in decision making. Thus, MIS must perform the following functions in order to meet its objectives. 1. Data Capturing 2. Processing of Data 3. Storage of Information 4. Retrieval of Information 5. Dissemination of Information
- 7. INFORMATION SYSTEM An information system can be any organized combination of people, hardware, software, communications networks, data resources, and policies and procedures that stores, retrieves, transforms and disseminates information in an organization.
- 8. Components of an IS 8
- 9. Roles of Information system 1. Data Processing: 1950s-1960s 2. Management Reporting: 1960s-1970s 3. Decision support: 1970s-1980s 4. Strategic and End User Support: 1980s-1990s 5. Global Internetworking: 1990s-2000s
- 10. Types of Information Systems There are six types of information systems: 1. Office Information System 2. Transaction Processing System 3. Management Information System 4. Decision Support System 5. Executive Information System 6. Expert System
- 11. Office information system An office information system, or OIS, is an information system that uses hardware, software and networks to enhance work flow and facilitate communications among employees. An office information system, also described as office automation; employees perform tasks electronically using computers and other electronic devices, instead of manually.
- 12. Transaction processing system A transaction processing system (TPS) is an information system that captures and processes data generated during an organization’s day-to-day transactions. A transaction is a business activity such as a deposit, payment, order or reservation. Clerical staff typically performs the activities associated with transaction processing.
- 13. Management information system Management information systems often are integrated with transaction processing systems to: • Extract and summarize data from TPSs • Allow managers to monitor & direct the organization • Provide accurate feedback • Provide pre-specified reports on a scheduled basis
- 14. Decision support system An interactive information system that provides information, models, and data manipulation tools to help make decisions in semi-structured and unstructured situations. A sales manager, for example, might need to determine how high to set yearly sales quotas based on increased sales and lowered product costs.
- 15. Executive information system A special type of DSS, called an executive information system (EIS), is designed to support the information needs of executive management. • Use both internal and competitive information • User-friendly interface
- 16. Expert system An expert system is an information system that captures and stores the knowledge of human experts and then imitates human reasoning and decision- making processes for those who have less expertise.
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- 23. 1. Enhanced global competitiveness 2. Capture market opportunities 3. Support corporate strategy 4. Enhance worker productivity 5. Improve quality of goods and services Opportunities
- 24. Conclusion An information system(IS) is typically considered to be a set of interrelated elements or components that collect(input), manipulate(processes), and disseminate (output) data and information and provide a feedback mechanism to meet an objective.