WHAT IS A MANAGEMENT INFORMATION SYSTEM?

What is a Management Information System?


A management information system is an information system used to make decisions in a company, and coordinate, control, and analyze information in an organization. The study of management information systems examines people and technology in an organizational context.


A Management Information System (MIS) is a computer system consisting of hardware and software that serves as the backbone of an organization's operations. An MIS collects data from multiple online systems, analyzes information, and reports data to aid management decision-making.


WHAT IS A MANAGEMENT INFORMATION SYSTEM?


The purpose of MIS is to make better decisions, in which accurate data is available on various organizational assets, including:


  • Financials
  • Inventory
  • Personnel
  • Project timelines
  • Manufacturing
  • Real estate
  • Marketing
  • Raw materials
  • R&D

MIS collects data, stores it, and makes it accessible to managers who want to analyze data by running reports.


Needs of MIS


  • Decision-makers need the information to make effective decisions. Management Information System (MIS) makes this possible.
  • MIS systems facilitate communication within and outside the organization - employees within the organization can easily access the information required for day-to-day tasks.
  • Record Keeping - The management information system records all business transactions of an organization and provides a reference point for the transaction.

Components of MIS


The major components of a specific management information system are;


  • People - People who use information systems.
  • Data - The data that the information system records.
  • Business Procedures - Procedures apply to the way data is recorded, stored, and analyzed.
  • Hardware - These include servers, workstations, networking equipment, printers, etc.
  • Software - These are the programs used to handle data. These include programs such as spreadsheet programs, database software, etc.

Types of Information Systems


The type of information system a user uses depends on their level in an organization. The following diagram shows the three major levels of users in an organization and the type of information system they use.


(TPS) (Transaction Processing System)


This type of information system is used to record the daily transactions of a business. An example of a transaction processing system is the Point of Sale (POS) system. POS systems are used to record daily sales.


(MIS) (Management Information Systems)


Management information systems are used to guide strategy managers to make semi-structured decisions. The output from the transaction processing system is used as the input to the MIS system.


Decision Support Systems (DSS)


Decision support systems are used by top-level managers to make semi-structured decisions. The output from the management information system is used as the input to the decision support system. DSS systems also receive data input from external sources such as current market forces, competition, and more.

AKASH TIMES

I AM AN ENGINEER BY PROFESSION BUT BLOGGER IS MY OLD DAYS DREAM TO CREATE MY OWN SITE FOR THOSE WHO ARE CURIOUS ABOUT MY BIRTHPLACE THEN I AM COMING FROM (INDIA). THE CURRENT CITY LIVES IN NAVI MUMBAI, INDIA

Post a Comment

IF YOU HAVE ANY PROBLEM PLEASE FELL FREE TO CONTACT US BY - AKASH TIMES

PREVIOUS POST NEXT POST