Mis assignment types of management information systems
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Usman Abdul Rashid's assignment discusses the four main types of management information systems (MIS) in order of increasing sophistication: 1. Transaction processing systems (TPS) are designed to handle high volumes of routine transactions like payroll, orders, and inventory tracking. TPS produce information for other systems and are used by operational and supervisory personnel. 2. Management information systems (MIS) provide structured information to help middle managers ensure smooth operations by comparing current and past performance. MIS include sales, inventory, budgeting and personnel systems. 3. Decision support systems (DSS) provide managers interactive tools to make intelligent decisions. DSS have databases, models, and interfaces to support semi-structured
Mis assignment types of management information systems
- 1. Student Name: Usman Abdul Rashid Class: MBA 3rd (evening)Hamdard University Islamabad Assignment Topic: Types of MIS Submitted to: Ma'am Alyiaa Mir Types of Management Information Systems A management information system (MIS) is a computer-based system that provides the information necessary to manage an organization effectively. An MIS should be designed to enhance communication among employees, provide an objective system for recording information and support the organization's strategic goals and direction. There are four types of MIS that will be introduced in ascending order of sophistication. 1.Transaction Processing Systems These systems are designed to handle a large volume of routine, recurring transactions. They were first introduced in the 1960s with the advent of mainframe computers. Transaction processing systems are used widely today. Banks use them to record deposits and payments into accounts. Supermarkets use them to record sales and track inventory. Most managers use these systems to deal with tasks such as payroll, customer billing and payments to suppliers. Some examples of TPS Payroll systems Order processing systems
- 2. Reservation systems Stock control systems Systems for payments and funds transfers The role of TPS Produce information for other systems Cross boundaries (internal and external) Used by operational personnel + supervisory levels Efficiency oriented 2.Management Information System For historical reasons, many of the different types of Information Systems found in commercial organizations are referred to as "Management Information Systems". However, within our pyramid model, Management Information Systems are management-level systems that are used by middle managers to help ensure the smooth running of the organization in the short to medium term. The highly structured information provided by these systems allows managers to evaluate an organization's performance by comparing current with previous outputs. Some examples of MIS Sales management systems Inventory control systems Budgeting systems Management Reporting Systems (MRS) Personnel (HRM) systems The role of MIS Based on internal information flows
- 3. Support relatively structured decisions Inflexible and have little analytical capacity Used by lower and middle managerial levels Deals with the past and present rather than the future Efficiency oriented? 3.Decision Support Systems (DSS) A DSS is an interactive computer system that can be used by managers without help from computer specialists. A DSS provides managers with the necessary information to make intelligent decisions. A DSS has three fundamental components: 1. Database management system (DBMS): Stores large amounts of data relevant to problems the DSS has been designed to tackle. 2. Model-based management system (MBMS): Transforms data from the DBMS into information that is useful in decision making. 3. Dialog generation and management system (DGMS): Provides a user-friendly interface between the system and the managers who do not have extensive computer training. Some examples of DSS Group Decision Support Systems (GDSS) Computer Supported Co-operative work (CSCW) Logistics systems Financial Planning systems Spreadsheet Models? The role of DSS
- 4. Support ill- structured or semi-structured decisions Have analytical and/or modelling capacity Used by more senior managerial levels Are concerned with predicting the future Are effectiveness oriented? 4.Expert Systems and Artificial Intelligence These systems use human knowledge captured in a computer to solve problems that ordinarily need human expertise. Mimicking human expertise and intelligence requires that the computer (1) recognize, formulate and solve a problem; (2) explain solutions and (3) learn from experience. These systems explain the logic of their advice to the user; hence, in addition to solving problems they can also serve as a teacher. They use flexible thinking processes and can accommodate new knowledge. Some examples of EIS Executive Information Systems tend to be highly individualized and are often custom made for a particular client group; however, a number of off-the-shelf EIS packages do exist and many enterprise level systems offer a customizable EIS module. The role of EIS Are concerned with ease of use Are concerned with predicting the future Are effectiveness oriented Are highly flexible Support unstructured decisions Use internal and external data sources
- 5. Used only at the most senior management levels