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Presentation By:-
Aijaz Ahmed Rather
I.K.G P.T University
What is marketing information
system ?
Marketing information consists of people, equipment
and procedures to gather,sort,analyze,evaluate and
distribute needed, timely and accurate information
to marketing decision makers.
Marketing decision makers use the data to identify
and solve marketing related problems.
Marketing Information system supplies
three types of information.
Recurrent Information
Monitoring Information
Requested Information
•Recurrent Information
This is the data that an MIS supplies periodically
about the market share of a specific product and
customer’s awareness of company’s brands. The data
may be supplied on weekly, monthly or yearly basis.
• Monitoring Information
This is the data obtained from the regular scanning of
certain sources. Marketing managers may need data
related to competition or the industry. It is essential so
that marketing managers can be alert and identify
potential problems
• Requested Information
This information is developed in response to some
specific request by the marketing manager.
Secondary data or primary data through survey
research are collected in response to the specific
request. The MIS supplies the requested information
for decision making.
Marketing Information system
External data
Internal data
Requested
information
Marketing
Research
division
Marketing
Information
system
Marketing
Managers
Division
Sources of Marketing Information .
The MIS information inputs come from different
sources, viz., both within and outside firms . Some
of the commonly used internal sources of
information are:
Sales Analysis- The marketing information system
retrieves sales information and put them in usable
and disaggregated form. It detects various
marketing strengths and weaknesses. Computer
assisted sales analysis uncovers significant details
for management needs.
Cost Analysis-The cost analysis is possible with the
effective accounting system. The classification and
analysis of the cost of production, cost of distribution
and selling may provide adequate information for the
management purposes .
Financial Records- The financial records &
publications may provide adequate opportunities for
management of sales & marketing activities .Many
companies prepare periodical final statement to
observe the balance of each item of financial records.
Why
Information
Is
Needed
Marketing
Environment
Strategic
Planning
Customer
Needs
Competition
Importance of marketing information system
 Anticipation Of Customer Demand-Every
marketer needs up-to-date knowledge about
consumer needs and wants.
 Systematic Approach-Expanding markets and
competitive marketing environment require adequate
market intelligence system.
 Economic indicator-Marketers must have latest
information on the changing trends of supply,
demand and prices
Significance of Analysing Competition-
Marketer cannot survive without having
information regarding nature , character and size of
competition to be met.
Development of Technology-Marketers must
have latest information regarding technological
development.
Understanding the Consumer-Information
system can establish proper two way flow of
information and understanding between marketers
and consumer.
Marketing Planning-Marketing plans and
programmes are based upon information supplied
by economic forecasts and market research.
Conclusion
Marketing information system is an important factor
in a growing business today with increased
competition and environmental changes affecting the
consumer world . It is the marketing information
system that makes or unmakes any organization in the
perspective of marketing strategy .Marketing
information system very aptly called as life blood of
marketing.
Thank You

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USPS® Forced Meter Migration - How to Know if Your Postage Meter Will Soon be...
 

MIS Provides Recurrent Monitoring Requested Marketing Data

  • 1. Presentation By:- Aijaz Ahmed Rather I.K.G P.T University
  • 2. What is marketing information system ? Marketing information consists of people, equipment and procedures to gather,sort,analyze,evaluate and distribute needed, timely and accurate information to marketing decision makers. Marketing decision makers use the data to identify and solve marketing related problems.
  • 3. Marketing Information system supplies three types of information. Recurrent Information Monitoring Information Requested Information
  • 4. •Recurrent Information This is the data that an MIS supplies periodically about the market share of a specific product and customer’s awareness of company’s brands. The data may be supplied on weekly, monthly or yearly basis.
  • 5. • Monitoring Information This is the data obtained from the regular scanning of certain sources. Marketing managers may need data related to competition or the industry. It is essential so that marketing managers can be alert and identify potential problems
  • 6. • Requested Information This information is developed in response to some specific request by the marketing manager. Secondary data or primary data through survey research are collected in response to the specific request. The MIS supplies the requested information for decision making.
  • 7. Marketing Information system External data Internal data Requested information Marketing Research division Marketing Information system Marketing Managers Division
  • 8. Sources of Marketing Information . The MIS information inputs come from different sources, viz., both within and outside firms . Some of the commonly used internal sources of information are: Sales Analysis- The marketing information system retrieves sales information and put them in usable and disaggregated form. It detects various marketing strengths and weaknesses. Computer assisted sales analysis uncovers significant details for management needs.
  • 9. Cost Analysis-The cost analysis is possible with the effective accounting system. The classification and analysis of the cost of production, cost of distribution and selling may provide adequate information for the management purposes . Financial Records- The financial records & publications may provide adequate opportunities for management of sales & marketing activities .Many companies prepare periodical final statement to observe the balance of each item of financial records.
  • 11. Importance of marketing information system  Anticipation Of Customer Demand-Every marketer needs up-to-date knowledge about consumer needs and wants.  Systematic Approach-Expanding markets and competitive marketing environment require adequate market intelligence system.  Economic indicator-Marketers must have latest information on the changing trends of supply, demand and prices
  • 12. Significance of Analysing Competition- Marketer cannot survive without having information regarding nature , character and size of competition to be met. Development of Technology-Marketers must have latest information regarding technological development. Understanding the Consumer-Information system can establish proper two way flow of information and understanding between marketers and consumer. Marketing Planning-Marketing plans and programmes are based upon information supplied by economic forecasts and market research.
  • 13. Conclusion Marketing information system is an important factor in a growing business today with increased competition and environmental changes affecting the consumer world . It is the marketing information system that makes or unmakes any organization in the perspective of marketing strategy .Marketing information system very aptly called as life blood of marketing.