Core Concepts in Information Systems
- 1. Unit I Core Concepts in Information Systems
- 2. What is MIS? An information system designed by an organization to collect collect, manipulate, and disseminate data or information on a program. Includes hardware, software, people, communications systems, and data. Allows managers to plan, monitor, and evaluate operations and performance of an activity Designed and used for administrative purposes
- 3. Role of MIS in Business Roles: support of business operations support of managerial decision making support of strategic competitive advantage ‘In an organization, information is the blood and MIS is the heart’.
- 4. Subsytems and Supersystems of IS I Organization: - business process - people - data - strategy ISITITInformation Technology Information Systems Business Environment
- 5. Progress in MIS IN REAL TIME AT VERY LOW COST Information can be created in multimedia Information can be stored Information can be retrieved Information can be shared Information can be distributed Information can be processed Information can be transmitted
- 6. Enabling Role of Information Technology Old Business Rule Technology intervention New Business Rule Information can appear only at one place Shared databases Information appears simultaneously Only experts can perform complex jobs Expert Systems Generalists can act as experts Businesses must choose between centralization and decentralization Telecommunication networks Centralization and decentralization possible Managers make all the decisions Software tools Decision making is part of everyone’s job
- 7. Enabling Role of Information Technology Old Business Rule Technology intervention New Business Rule Field persons need offices Wireless/internet/lapt ops Field offices can be virtual Personal contacts Internet / email Effective contacts Find out the information Enterprise software Information comes to you Plans get revised periodically On line computing Plans get revised instantly
- 8. Impact of MIS and IT on an Organization As transactional Information Systems: enables enterprise-wide shared and integrated databases through : i. improved decision making ii. improved MIS reporting enables enterprise-wide cross functional work flow automation through : i. improving Intra-organizational transactions ii. reducing in business processes lead times iii. improved inventory and working capital management iv. improved financial reconciliation
- 9. Impact of MIS on an organization Improves business process performance through: automation of business processes simplification of business processes elimination of non value adding business processes reengineering of business processes
- 10. Impact of MIS on an organization MIS as a coordination and planning information system results in: improved coordination among sales, production stores, purchase, and accounts due to close loop systems and online data. dynamic scheduling of production and purchase based on feedback from sales and visa versa
- 11. Sales Order Processing Fin. Accounting Hist./Stats. Sales Quotations Sales Contracts EDI Manually Order entry Invoicing Delivery Close Order Dispatch List Dispatch Notes Consignment Notes Invoice Margin Control Customer Monitoring Inventory Check Additional Costs Installments Sales Order/ Quotation Existence Margin Control Customer Monitoring Inventory Check Additional Costs Installments Sales Order/ Quotation Existence Sales Order Order Acknowledgment Picking Lists
- 12. Sales Statistics Display codes Period Codes Layout Codes Sales Budget Sorting CodesParameters group 1 budget sales col.1 diff. group 2 budget sales col.2 budget sales difference from/till group 1 group 2
- 13. The Competitive Edge • To be competitive today you need: the flexibility to take on new business opportunities as they arise a business framework that lets you i. optimize business processes ii. cut costs ii. improve customer service iv. shorten your time to market comprehensive decision support tools to provide up-to-date information on revenues, budget performance, sales, and cash-flow • E-business can help provide the competitive edge you need
- 15. What is E-Business? • E-business is a new way of conducting, managing, and executing business transactions using IT and telecommunications networks (Internet and Extranet) • E-business is remaking the business world by: - redefining virtually every business process and function - changing conventional concepts and rules about strategic alliances, outsourcing, competition, industry specialization, and customer relationships - creating a wealth of information about customers, enabling businesses to anticipate and satisfy individual needs with pinpoint precision - blurring the lines between industries - challenging every business to reinvent itself • It provides companies with new, more cost and time-efficient means for working with customers, suppliers, and development partners