2. TPS
• Stands for Transaction Processing System
• Type of information system that collects, stores, modifies and
retrieves data transaction of an enterprise
• Transactions are events that occur as part of doing business,
such as sales, purchases, deposits, withdrawals, refunds and
payments
• For example: McDonald’s sells a large number of hamburgers
every day, orders raw materials from it’s suppliers. Each time
the company places an order with a supplier, a transaction
occurs and a transaction system records relevant
information, such as the supplier’s name, address, quantity
of items purchased
3. Objectives of TPS
• Process data generated by and about transactions
• Maintain a high degree of accuracy
• Ensure data information integrity and accuracy
• Produce timely documents and reports
• Increase labour efficiency
• To build and maintain customer loyalty
4. MIS
• Stands for Management Information System
• Is the study of people, technology, organizations and
relationships between them
• Is the system or process that provides the information
necessary to manage an organization
• Is the system where the data is the input, which is processed
to provide output in the form of information reports,
summaries which aid the manager’s decision making
6. Characteristics of MIS
• should be based on long term plannnig
• should provide the holistic view and structure of the
organization
• Should be planned in a top down way, so that decision makers
provide clear direction at the development stage of MIS
• should also take care of exceptional situations by reporting
such situations
