• Save
Management information systems (mis)
Upcoming SlideShare
Loading in...5

Management information systems (mis)






Total Views
Views on SlideShare
Embed Views



0 Embeds 0

No embeds



Upload Details

Uploaded via as Microsoft PowerPoint

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
Post Comment
Edit your comment

    Management information systems (mis) Management information systems (mis) Presentation Transcript

    • Copyright © Wondershare Software
    • To provide lower and middle management withprinted or electronic reports with inquirycapabilities so that they can control, organize andplan more effectively and efficiently.Computerized MISs typically extract andsummarize data from TPSs to allow managers tomonitor and direct the organization Copyright © Wondershare Software
    • Copyright © Wondershare Software
    • Internal Data Sources Organization’s TPS and ERP systems Related Databases.External Data Sources Customers. Suppliers. Competitors and stock holders (not already captured by TPS). Internet and Extranets. Copyright © Wondershare Software
    • MIS uses the input data and processesit into information for the use ofmanagers primarily in the form of pre-determined reports. Copyright © Wondershare Software
    • Collection of reports (scheduledreports, key-indicator reports anddemand reports, exception reports anddrill-down reports.) that are distributedto managers. Copyright © Wondershare Software
    • Provide reports with fixed and standardformats.Produce hard-copy and soft-copy reports.Use internal data stored in the computersystem.Allow end users to develop their own customreports.Require user requests for reports developedby systems personnel. Copyright © Wondershare Software
    • Scheduled (Periodic) reports :- Reports producedperiodically (daily, weekly or monthly etc) depending on thedecision making need.For Examples:-Daily or weekly sales analysis reportsMonthly financial reports.Key-indicator reports :- Provide a summary of the previousday’s critical activities and typically available at the beginningof each work day. They summarize inventory levels,production activity, sales volume etc. Copyright © Wondershare Software
    • Demand reports :- Reports or screen outputs developed togive relevant information at someone’s request (adhoc).Suppliers & customers use demand reports.Example :-Inventory level of certain productException reports :- Reports which are automaticallyproduced when a situation is unusual or requires managementaction.Drill-down reports :- Reports which provide detail data abouta situation.Demand Report Push Reporting Copyright © Wondershare Software
    • Financial MIS :- Provides financial information to accountants, broader setof people who need to make better decisions on a daily basis.Financial MISs perform the following functions.Integrate financial and operational information from multiple sources,including the Internet, into a single system.Provide easy access to data for both financial and non financial users.Make financial data immediately available to shorten analysis turnaroundtime.Enable analysis of financial data among multiple dimensions-time,geography, product, plant, customerAnalyze historical and current financial activity. Monitor and control theuse of funds over time Copyright © Wondershare Software
    • Copyright © Wondershare Software
    • Profit/Loss and Cost systems :- Organize revenue and cost data forthe company. The internal input to the MIS. Profit center :- Department within an organization that tracks total expenses and net profits. Example - investment division of a large insurance company. Revenue center :- Division within a company that tracks sales or revenues. Example - marketing or sales department Cost center :- Division within a company that does not directly generate revenue. Example - manufacturing, research and development Copyright © Wondershare Software
    • Auditing :- Analyzing the financial condition of an organization anddetermining whether financial statements and reports produced byfinancial MIS are accurate.Types of auditing are Internal auditing :- Auditing performed by individuals within the organization. External auditing :- Auditing performed by an outside group. Copyright © Wondershare Software
    • Funds Usage and Management :- Assist with funds usage andmanagement.. Internal uses of funds Purchasing additional inventory and machinery Hiring new employees Buying new office equipment Increasing marketing and advertising Investing in new products Increasing research and Development. External uses of funds They are typically investment (investing in banks, stocks, bonds, bills, notes, futures, foreign currency) related Copyright © Wondershare Software
    • A marketing MIS supports managerialactivities related to productdevelopment, distribution, pricingdecisions, promotions, and salesforecasting. Copyright © Wondershare Software
    • Overview of a marketing MIS Copyright © Wondershare Software
    • Market research :- Market research is a formal study of themarket and customer preferences. Tools used for marketresearch include surveys, questionnaires, pilot studies andinterviews.Product development :- This involves the conversion of rawmaterials into finished goods and services.Promotion and advertising :- To improves their sales. Richness and reach are important measures of effective advertising.Product pricing :- Product or service pricing is anotherimportant and complex marketing function. With relation to aproduct, retail price, whole-sale price, and price discounts mustbe set. Copyright © Wondershare Software
    • A human resource MIS, also called thepersonnel MIS, is concerned withactivities related to employees andpotential employee of the organization. Copyright © Wondershare Software
    • Activities performed :- Workforce analysisand planning, hiring, training, job and taskmanagement, other personnel related issues.Outputs :- Some organizations havecomputer systems to assist with humanresource planning, hiring, training, skillsinventorying, wage and salary administration. Copyright © Wondershare Software
    • Human resource planning :- Overall purpose: Put the right number andkinds of employees in the right jobs when they are needed.Personnel selection and Recruiting :- If the human resource planreveals that additional personnel are required, the next step is to recruit andselect personnel. Management information systems can also be used tohelp rank and select potentialEmployees Training and skills inventory :- For some jobs very specifictraining should be given to new employees. Other jobs may require generaltraining about the organizational culture, orientation, dress standards andthe expectations of the organization.Employee schedules :- developed for each employee, showing his/herjob assignment over the next week or month.Job placements :- often determined based on skills inventoryreports, which show which employee might be best suited to a particular job.Wage and salary administration :- This MIS subsystem involvesdetermining wages, salaries and benefits (medical payments, savingplans, retirement accounts).Outplacement :- Employees leave companies for various reasons. Copyright © Wondershare Software
    • Copyright © Wondershare Software
    • Design and engineering.Master production schedule and inventorycontrol.Process control.Quality control and testing. Copyright © Wondershare Software
    • Accounting MISs :- An information systemprovides aggregate information on accounts payable,accounts receivable, payroll and many otherapplications.Geographical Information Systems :- A computersystem is capable of assembling, storing,manipulating and displaying geographicallyreferenced information, that is data identifiedaccording to its location. Copyright © Wondershare Software
    • Copyright © Wondershare Software