This document discusses objectives and concepts related to information, data, and effective presentation. It covers classifying and characteristics of information, data capture and accuracy, and the needs and uses of information for management and decision making. Key points include how information can be classified by source, nature, level, time, etc. and the importance of relevant, accurate, and timely information for planning and decision making. It also addresses translating data prior to entry, ensuring data quality, and audit mechanisms for data capture.
Information system by jayant nannore & sanjay sahuJayant Nannore
This document discusses different aspects of technology information. It defines technology information as information on technology and defines data, information, and knowledge. It categorizes information based on its source, nature, level, time, frequency, form, and type. It discusses the need for information in organizations for planning, achieving objectives, and decision making. It also discusses different levels of information and major types of systems in organizations. Finally, it provides examples of sources of technology information like government organizations, patents, and industrial associations.
This document discusses key concepts related to data, information, knowledge, and decision making. It defines data as raw facts or observations, information as processed data that provides meaningful context, and knowledge as the combined result of experiences and information possessed. The document also describes attributes of information quality, types of managerial decisions as structured, unstructured, or semi-structured, and levels of decision making as strategic, tactical, or operational. Overall, the document provides an overview of fundamental concepts for understanding information use in decision making.
This document discusses key concepts related to data, information, knowledge, and decision making. It defines data as raw facts, information as processed data that provides meaningful context, and knowledge as the combined result of experiences and information. The document also describes different types of decisions, levels of decision making, attributes of information quality, and sources of formal and informal information.
The document discusses various topics related to information and data collection methods. It begins by defining information and how data becomes meaningful information when interpreted and organized purposefully. It then discusses different types of primary and secondary data collection methods. Primary methods involve directly collecting raw data through surveys, interviews, experiments, etc. Secondary methods involve using already existing data published in sources like reports, journals, records. The document provides examples and details of various qualitative and quantitative collection techniques for gathering primary data, and discusses merits and limitations of primary versus secondary data.
The document discusses management information systems (MIS) and how they can support decision making in organizations. It defines MIS as an integrated system that provides information to support operations, management, and decision making. MIS deals with systematically collected data stored in databases. This information helps managers with planning, organizing, staffing, coordinating, directing and controlling organizational operations. The document then discusses how MIS is used in different functional areas like finance, accounting, sales, marketing, manufacturing, and services. It also outlines frameworks for strategic planning, management control, operational control, and decision making in organizations.
This presentation discusses formal and informal information systems. Formal systems have clear workflows, communication flows downward, and authority levels. Information flows from bottom to top management. There are three categories of formal information: strategic, managerial, and operational. Informal systems are employee-based and designed to meet personal needs and solve work problems. They funnel information upward through indirect channels like conversations, rumors on social media, and lunch discussions. The main differences are that formal systems are organizationally represented with documented procedures, while informal systems are employee-based and revealed through observation.
This document discusses the development of management information systems (MIS) in various contexts. It begins by introducing MIS and the role of the MIS manager. It then discusses key aspects of developing MIS, including planning, providing support for management, and addressing issues like information quantity, analysis, availability, accuracy, and system security. The document also summarizes the development of MIS in specific areas like human resources, products, sales, advertising, information technology, and administration.
MIS applications are used in various industries like hospitals, hotels, banking, and manufacturing to support decision making under uncertainty. Hospital information systems integrate various components like clinical, financial, laboratory, and pharmacy systems to efficiently manage patient and administrative information. Hotel information systems provide benefits like improved performance, efficiency, control, and security. Decision making involves gathering information, identifying alternatives, evaluating choices, and selecting the best option to solve problems under uncertainty. Management information systems and decision support systems help managers in decision making processes.
Information system by jayant nannore & sanjay sahuJayant Nannore
This document discusses different aspects of technology information. It defines technology information as information on technology and defines data, information, and knowledge. It categorizes information based on its source, nature, level, time, frequency, form, and type. It discusses the need for information in organizations for planning, achieving objectives, and decision making. It also discusses different levels of information and major types of systems in organizations. Finally, it provides examples of sources of technology information like government organizations, patents, and industrial associations.
This document discusses key concepts related to data, information, knowledge, and decision making. It defines data as raw facts or observations, information as processed data that provides meaningful context, and knowledge as the combined result of experiences and information possessed. The document also describes attributes of information quality, types of managerial decisions as structured, unstructured, or semi-structured, and levels of decision making as strategic, tactical, or operational. Overall, the document provides an overview of fundamental concepts for understanding information use in decision making.
This document discusses key concepts related to data, information, knowledge, and decision making. It defines data as raw facts, information as processed data that provides meaningful context, and knowledge as the combined result of experiences and information. The document also describes different types of decisions, levels of decision making, attributes of information quality, and sources of formal and informal information.
The document discusses various topics related to information and data collection methods. It begins by defining information and how data becomes meaningful information when interpreted and organized purposefully. It then discusses different types of primary and secondary data collection methods. Primary methods involve directly collecting raw data through surveys, interviews, experiments, etc. Secondary methods involve using already existing data published in sources like reports, journals, records. The document provides examples and details of various qualitative and quantitative collection techniques for gathering primary data, and discusses merits and limitations of primary versus secondary data.
The document discusses management information systems (MIS) and how they can support decision making in organizations. It defines MIS as an integrated system that provides information to support operations, management, and decision making. MIS deals with systematically collected data stored in databases. This information helps managers with planning, organizing, staffing, coordinating, directing and controlling organizational operations. The document then discusses how MIS is used in different functional areas like finance, accounting, sales, marketing, manufacturing, and services. It also outlines frameworks for strategic planning, management control, operational control, and decision making in organizations.
This presentation discusses formal and informal information systems. Formal systems have clear workflows, communication flows downward, and authority levels. Information flows from bottom to top management. There are three categories of formal information: strategic, managerial, and operational. Informal systems are employee-based and designed to meet personal needs and solve work problems. They funnel information upward through indirect channels like conversations, rumors on social media, and lunch discussions. The main differences are that formal systems are organizationally represented with documented procedures, while informal systems are employee-based and revealed through observation.
This document discusses the development of management information systems (MIS) in various contexts. It begins by introducing MIS and the role of the MIS manager. It then discusses key aspects of developing MIS, including planning, providing support for management, and addressing issues like information quantity, analysis, availability, accuracy, and system security. The document also summarizes the development of MIS in specific areas like human resources, products, sales, advertising, information technology, and administration.
MIS applications are used in various industries like hospitals, hotels, banking, and manufacturing to support decision making under uncertainty. Hospital information systems integrate various components like clinical, financial, laboratory, and pharmacy systems to efficiently manage patient and administrative information. Hotel information systems provide benefits like improved performance, efficiency, control, and security. Decision making involves gathering information, identifying alternatives, evaluating choices, and selecting the best option to solve problems under uncertainty. Management information systems and decision support systems help managers in decision making processes.
This document outlines an assessment involving research to identify suitable locations for a bank's roadshow targeting young professionals. It provides a scenario where the student must research census data and use a spreadsheet to analyze locations with substantial numbers of young professional workers. The student must then produce: 1) Notes on the selected dataset; 2) A report identifying potential locations using management information from their analysis; 3) A document validating their findings; and 4) An email to their team justifying the information. The document provides guidance on selecting UK census data from NomisWeb to complete the tasks.
The document discusses various types of information systems that support decision making. It describes management information systems that provide routine operational reports, decision support systems that help with semi-structured tactical decisions through modeling and analysis, and executive information systems that provide customized insights to top executives. The document also covers data warehousing, data mining, expert systems, and emerging trends like personalized decision support and what-if scenario analysis.
1. The document discusses different types of information needed at various levels of management, including operational, tactical, strategic, and statutory information.
2. It also describes the different levels of management in a hierarchy and the types of information required at each level, from highly detailed reports needed by line managers to condensed strategic information for top managers.
3. The key types of information systems are also outlined, including business data processing systems, management information systems, and decision support systems.
The document discusses various aspects of management and information systems. It defines management as comprising processes like planning, organizing, controlling and decision making. It then outlines the key components of an information system, including mission, objectives, goals, strategies, policies, programs, procedures and how they relate to management functions. Finally, it describes different types of information systems like transaction processing systems, office automation systems, decision support systems, management information systems and executive support systems.
Management Information Systems (MIS) use data from transaction processing systems to create useful information for management. There are three main types of information systems: transaction processing systems that handle day-to-day operations; information systems that analyze transaction data; and management information systems that use sales data to aid strategic decisions like marketing campaigns. MIS provide both internal data on company operations and external data from competitors and markets to help managers with planning, organizing, decision-making, and controlling activities. The success of an MIS depends on factors like adequate analysis, management involvement, an emphasis on the information needs of managers rather than just data processing, and professional teamwork.
This document provides an overview of information systems and their components and roles. It discusses different types of information systems like transaction processing systems, management support systems, and enterprise collaboration systems. It also covers information system frameworks, concepts, and trends. Key points discussed include the components of an IS, types of management support systems, roles of IS in supporting business processes and decision making, and how IS can provide competitive advantage.
This document discusses the use of management information systems in the banking sector. It describes several key information systems used by banks, including management information systems, customer relationship management systems, transaction processing systems, decision support systems, and enterprise resource planning systems. These systems support business processes, decision making, and competitive advantage. They help banks effectively manage customer relationships, transactions, strategic decisions, and resources.
This document discusses Management Information Systems (MIS). It defines MIS as systems that produce information for management at different levels to support operations, planning, control, and decision making. While computers are not essential for MIS, they have made it possible to handle large data volumes quickly and accurately. The document also discusses the difference between data and information, with information being relevant knowledge produced from processed data. It provides examples of different types of information systems like Transaction Processing Systems, Management Information Systems, and Decision Support Systems that support different management levels.
This document discusses management information systems and decision support systems. It defines management information as data that has been processed for decision making purposes. It also discusses the different components and structures of management information systems, including physical components like hardware and software, information processing functions like transaction processing and report generation, different levels for decision support, and how MIS can be structured according to organizational functions. The goal of MIS is to provide relevant information to managers at different levels to aid in decision making.
Transaction processing systems (tps) in Management information systems (MIS)Mathivanan Mba
This document discusses transaction processing systems (TPS). It summarizes that a TPS is designed to process routine business transactions through automating repetitive operations in large volumes, focusing on accounting and finance transactions. Examples provided include airline reservation systems and bank account processing systems. The document notes that a TPS processes large amounts of internal data on a regular basis, requiring large storage capacity and high processing speeds. Accuracy, integrity, security, and reliability are important aspects of a TPS.
1) MIS in human resources manages employee records, aids in recruitment and promotion, supports training programs, facilitates performance evaluations, and handles compensation and benefits administration.
2) MIS in marketing integrates disparate marketing data, provides information continuously to all management levels, collects internal and external information, and supports timely decision-making.
3) MIS in finance automates accounting tasks, enables cash management and budget planning, ensures financial reporting compliance, and gathers transactional and forecasting data.
4) MIS in production schedules operations, identifies bottlenecks, supports strategic decisions like plant location, and provides information for tactical and operational levels.
The document proposes a new IT system for Isuru Travels & Tours (Pvt) Ltd, a growing car rental company. The proposed system aims to: 1) Provide interfaces for upper management, employees, and the warehouse to efficiently enter and access business information; 2) Enable real-time vehicle tracking to monitor fuel usage and activities; and 3) Generate automated reports for improved monitoring and decision making. The current system is time-consuming and lacks remote access and integration with key customers. The new system would address these issues to help the company compete effectively.
A Management Information System (MIS) is defined as an integrated user-machine system that provides information to support operations, management, analysis, and decision-making. An MIS utilizes computer hardware, software, databases, and manuals to provide managers with reports, outputs from mathematical models, and access to information on demand. An effective MIS is management-oriented, business-driven, integrated, provides common data flows, and is flexible and easy to use.
This document provides information about an Information Systems course. The course is taught by Lecturer Tahzeeb-ul-Hassan Chis and covers topics such as why study information systems, the objectives and synopsis of the course, introduction to information systems, data vs. information, system concepts, and system performance and standards. The course aims to help students understand basic IT concepts, participate in developing IS solutions to business problems, and understand real-world IS applications and their advantages.
Lesson 6 value & importance of informationOneil Powers
This document discusses the importance and value of information. It notes that information is a valuable resource for organizations, just like capital and people. It is essential for organizations to collect and analyze information on things like market trends, customer preferences, and buying behaviors in order to make strategic decisions. For information to be useful, it needs to be accurate, complete, and up-to-date. Maintaining high quality information involves costs and overhead related to collection, storage, processing, and updating the data.
The document discusses foundational concepts in management information systems, including:
- Information needs depend on factors like the user's activities, organization level, and profession. Top management needs summarized reports while lower levels need detailed internal information.
- An information system takes in data, analyzes it using computer hardware and software, displays useful information as output, and uses feedback to act on the environment.
- Information can be classified by management level as operational, tactical, or strategic. Operational information is highly detailed and internal, tactical provides summaries for control, and strategic looks externally for long-term predictive insights.
[AIIM16] How Regulatory Data Can Set the Narrative for an Analytics OpportunityAIIM International
The document discusses how regulatory data can be used to create analytics opportunities. It defines regulatory data as structured data that firms are required to retain for compliance purposes. There are two main types of regulatory data: customer communications data like statements and reports, and transaction reporting data like logs and ledgers. The document argues that while this data is currently used only for compliance, it can be analyzed to create value for businesses and customers by transforming static documents into interactive experiences through personalized and predictive analytics. This allows firms to enhance customer relationships and better meet evolving customer expectations.
This document discusses different types of data used in marketing research, including primary and secondary data. Primary data is original data collected directly from relevant respondents specifically for the research problem. It is more reliable but also more expensive and time-consuming to collect. Secondary data is published data collected previously for other purposes that can be used to support primary data. Common sources of both primary and secondary data are also outlined.
The document discusses various methods for collecting primary and secondary data for research purposes. It describes primary data collection methods like observation, interviews, schedules, and questionnaires which involve directly gathering original data from respondents. It also explains secondary data research which uses already existing data collected by others. Some key secondary data sources mentioned include internal organizational records, government data, publications, and electronic databases. The characteristics of useful data like relevance, quality, timeliness and completeness are also summarized.
The document provides information on management information systems. It discusses different types of information systems including transaction processing systems, management information systems, decision support systems, executive information systems, and personal and organizational dimensions of information. It also covers topics like business intelligence, Porter's five forces model, generic strategies to manage competitive forces, the impact of the internet, value chain model, and value web.
This document outlines an assessment involving research to identify suitable locations for a bank's roadshow targeting young professionals. It provides a scenario where the student must research census data and use a spreadsheet to analyze locations with substantial numbers of young professional workers. The student must then produce: 1) Notes on the selected dataset; 2) A report identifying potential locations using management information from their analysis; 3) A document validating their findings; and 4) An email to their team justifying the information. The document provides guidance on selecting UK census data from NomisWeb to complete the tasks.
The document discusses various types of information systems that support decision making. It describes management information systems that provide routine operational reports, decision support systems that help with semi-structured tactical decisions through modeling and analysis, and executive information systems that provide customized insights to top executives. The document also covers data warehousing, data mining, expert systems, and emerging trends like personalized decision support and what-if scenario analysis.
1. The document discusses different types of information needed at various levels of management, including operational, tactical, strategic, and statutory information.
2. It also describes the different levels of management in a hierarchy and the types of information required at each level, from highly detailed reports needed by line managers to condensed strategic information for top managers.
3. The key types of information systems are also outlined, including business data processing systems, management information systems, and decision support systems.
The document discusses various aspects of management and information systems. It defines management as comprising processes like planning, organizing, controlling and decision making. It then outlines the key components of an information system, including mission, objectives, goals, strategies, policies, programs, procedures and how they relate to management functions. Finally, it describes different types of information systems like transaction processing systems, office automation systems, decision support systems, management information systems and executive support systems.
Management Information Systems (MIS) use data from transaction processing systems to create useful information for management. There are three main types of information systems: transaction processing systems that handle day-to-day operations; information systems that analyze transaction data; and management information systems that use sales data to aid strategic decisions like marketing campaigns. MIS provide both internal data on company operations and external data from competitors and markets to help managers with planning, organizing, decision-making, and controlling activities. The success of an MIS depends on factors like adequate analysis, management involvement, an emphasis on the information needs of managers rather than just data processing, and professional teamwork.
This document provides an overview of information systems and their components and roles. It discusses different types of information systems like transaction processing systems, management support systems, and enterprise collaboration systems. It also covers information system frameworks, concepts, and trends. Key points discussed include the components of an IS, types of management support systems, roles of IS in supporting business processes and decision making, and how IS can provide competitive advantage.
This document discusses the use of management information systems in the banking sector. It describes several key information systems used by banks, including management information systems, customer relationship management systems, transaction processing systems, decision support systems, and enterprise resource planning systems. These systems support business processes, decision making, and competitive advantage. They help banks effectively manage customer relationships, transactions, strategic decisions, and resources.
This document discusses Management Information Systems (MIS). It defines MIS as systems that produce information for management at different levels to support operations, planning, control, and decision making. While computers are not essential for MIS, they have made it possible to handle large data volumes quickly and accurately. The document also discusses the difference between data and information, with information being relevant knowledge produced from processed data. It provides examples of different types of information systems like Transaction Processing Systems, Management Information Systems, and Decision Support Systems that support different management levels.
This document discusses management information systems and decision support systems. It defines management information as data that has been processed for decision making purposes. It also discusses the different components and structures of management information systems, including physical components like hardware and software, information processing functions like transaction processing and report generation, different levels for decision support, and how MIS can be structured according to organizational functions. The goal of MIS is to provide relevant information to managers at different levels to aid in decision making.
Transaction processing systems (tps) in Management information systems (MIS)Mathivanan Mba
This document discusses transaction processing systems (TPS). It summarizes that a TPS is designed to process routine business transactions through automating repetitive operations in large volumes, focusing on accounting and finance transactions. Examples provided include airline reservation systems and bank account processing systems. The document notes that a TPS processes large amounts of internal data on a regular basis, requiring large storage capacity and high processing speeds. Accuracy, integrity, security, and reliability are important aspects of a TPS.
1) MIS in human resources manages employee records, aids in recruitment and promotion, supports training programs, facilitates performance evaluations, and handles compensation and benefits administration.
2) MIS in marketing integrates disparate marketing data, provides information continuously to all management levels, collects internal and external information, and supports timely decision-making.
3) MIS in finance automates accounting tasks, enables cash management and budget planning, ensures financial reporting compliance, and gathers transactional and forecasting data.
4) MIS in production schedules operations, identifies bottlenecks, supports strategic decisions like plant location, and provides information for tactical and operational levels.
The document proposes a new IT system for Isuru Travels & Tours (Pvt) Ltd, a growing car rental company. The proposed system aims to: 1) Provide interfaces for upper management, employees, and the warehouse to efficiently enter and access business information; 2) Enable real-time vehicle tracking to monitor fuel usage and activities; and 3) Generate automated reports for improved monitoring and decision making. The current system is time-consuming and lacks remote access and integration with key customers. The new system would address these issues to help the company compete effectively.
A Management Information System (MIS) is defined as an integrated user-machine system that provides information to support operations, management, analysis, and decision-making. An MIS utilizes computer hardware, software, databases, and manuals to provide managers with reports, outputs from mathematical models, and access to information on demand. An effective MIS is management-oriented, business-driven, integrated, provides common data flows, and is flexible and easy to use.
This document provides information about an Information Systems course. The course is taught by Lecturer Tahzeeb-ul-Hassan Chis and covers topics such as why study information systems, the objectives and synopsis of the course, introduction to information systems, data vs. information, system concepts, and system performance and standards. The course aims to help students understand basic IT concepts, participate in developing IS solutions to business problems, and understand real-world IS applications and their advantages.
Lesson 6 value & importance of informationOneil Powers
This document discusses the importance and value of information. It notes that information is a valuable resource for organizations, just like capital and people. It is essential for organizations to collect and analyze information on things like market trends, customer preferences, and buying behaviors in order to make strategic decisions. For information to be useful, it needs to be accurate, complete, and up-to-date. Maintaining high quality information involves costs and overhead related to collection, storage, processing, and updating the data.
The document discusses foundational concepts in management information systems, including:
- Information needs depend on factors like the user's activities, organization level, and profession. Top management needs summarized reports while lower levels need detailed internal information.
- An information system takes in data, analyzes it using computer hardware and software, displays useful information as output, and uses feedback to act on the environment.
- Information can be classified by management level as operational, tactical, or strategic. Operational information is highly detailed and internal, tactical provides summaries for control, and strategic looks externally for long-term predictive insights.
[AIIM16] How Regulatory Data Can Set the Narrative for an Analytics OpportunityAIIM International
The document discusses how regulatory data can be used to create analytics opportunities. It defines regulatory data as structured data that firms are required to retain for compliance purposes. There are two main types of regulatory data: customer communications data like statements and reports, and transaction reporting data like logs and ledgers. The document argues that while this data is currently used only for compliance, it can be analyzed to create value for businesses and customers by transforming static documents into interactive experiences through personalized and predictive analytics. This allows firms to enhance customer relationships and better meet evolving customer expectations.
This document discusses different types of data used in marketing research, including primary and secondary data. Primary data is original data collected directly from relevant respondents specifically for the research problem. It is more reliable but also more expensive and time-consuming to collect. Secondary data is published data collected previously for other purposes that can be used to support primary data. Common sources of both primary and secondary data are also outlined.
The document discusses various methods for collecting primary and secondary data for research purposes. It describes primary data collection methods like observation, interviews, schedules, and questionnaires which involve directly gathering original data from respondents. It also explains secondary data research which uses already existing data collected by others. Some key secondary data sources mentioned include internal organizational records, government data, publications, and electronic databases. The characteristics of useful data like relevance, quality, timeliness and completeness are also summarized.
The document provides information on management information systems. It discusses different types of information systems including transaction processing systems, management information systems, decision support systems, executive information systems, and personal and organizational dimensions of information. It also covers topics like business intelligence, Porter's five forces model, generic strategies to manage competitive forces, the impact of the internet, value chain model, and value web.
This document discusses the relationship between data and information. It defines information as meaningfully interpreted data. An information system is defined as a system that gathers data and disseminates information to provide information to users. The main differences between data and information are discussed, with information being interpreted, organized data. Several techniques for collecting data and characteristics of useful information are outlined. The types of information needed at different management levels and sources of information are also summarized.
Management information systems (MIS) help organizations make the most of their resources through technology and data-driven insights. An MIS integrates hardware, software, databases, telecommunications, manual procedures, and data to provide managers with tools to analyze data, make decisions, and manage departments efficiently. It allows companies to track key metrics like revenues, employee performance, and customer feedback to identify strengths, weaknesses and gain competitive advantages. Examples of MIS tools include systems for managing salaries, generating reports on financial data and key performance indicators.
This document discusses various types of management decision making and information systems that support decision making. It describes strategic, tactical and operational decision making levels and different decision making models. It also summarizes transaction processing systems, decision support systems, executive support systems, group decision support systems, data mining, knowledge management systems and enterprise information portals that help managers at different levels make effective decisions. The document also provides an example of how Hertz Corp. used an executive support system to make real-time marketing decisions.
This document defines key concepts related to information systems. It distinguishes between data and information, noting that information involves processed data that is meaningful. It also categorizes different types of information systems, including transaction processing systems, knowledge work systems, office automation systems, management information systems, decision support systems, and executive information systems. Finally, it provides examples of information systems that various organizational functions may use at different levels, from operational to strategic.
The document discusses the importance of marketing information systems for companies in today's changing marketing environment. It outlines three key changes driving the need for real-time market data: from local to global marketing, from buyer needs to wants, and from price to non-price competition. It then describes the components of a modern marketing information system, including internal records, marketing intelligence, marketing research, and how they are used to assess needs, develop information, distribute it to decision makers. Effective MIS allows companies to quickly understand customer preferences and respond to market changes.
This document discusses sources of data for business decisions. It outlines primary and secondary sources of data. Primary data is collected directly through observation, surveys, or experiments. Secondary data comes from internal sources like sales reports or external sources like government publications, industry associations, and international organizations. Some advantages of secondary data are that it is economical, time-saving, and helps improve understanding. However, disadvantages are that the data may not exactly fit the study, accuracy is unknown, and it could be outdated.
The Records and Information Management Program document outlines the key components of a RIM program including records storage, retention and destruction, compliance, active and inactive records management, and protecting vital records. It describes the various aspects of these components such as records retention schedules, compliance with laws and regulations, electronic document imaging, inactive records storage, and disaster prevention and recovery plans. The document also discusses records audits, preparing a RIM manual, and knowledge management as responsibilities of a RIM program.
An information system is a set of interrelated components that collect, manipulate and disseminate data and information to meet an objective. We interact with many information systems daily both personally and professionally like ATMs, checkout systems, and the internet. Information systems turn raw data into useful information through organization and relationships. They have inputs, processing, outputs, and feedback. Computer-based information systems use hardware, software, databases, networks, people, and procedures. Organizations use different types of information systems like transaction processing, workflow, ERP, MIS, and DSS systems to support various functions and decision making.
The document discusses the role of information technology (IT) in supply chain management. It makes several key points:
1) Information is crucial to supply chain performance as it allows processes and decisions to be coordinated across the supply chain.
2) IT consists of the hardware, software, and people that gather, analyze and use information to help management make decisions.
3) Successful companies like Amazon and Walmart rely on the availability and analysis of supply chain information.
The document then goes on to describe frameworks for IT in areas like customer relationship management, internal supply chain management, and supplier relationship management. It also discusses principles of supply chain information and how IT can help with integration.
Information Systems in Global Business Today.pptxRoshni814224
The document discusses the role of information systems in business today. It describes how information systems are transforming business through emerging technologies like mobile platforms, big data, and cloud computing. Information systems help businesses achieve strategic objectives like operational excellence, new products/services, customer intimacy, improved decision making, competitive advantage and survival. The growth of information technology investment from 32% to 52% of capital between 1980-2009 is also noted. Key topics covered include digital business processes, strategic uses of information systems, and how systems and business capabilities are interdependent.
This document discusses the development of long-range plans for management information systems (MIS). It begins by explaining the importance of planning for information as a key organizational resource. It then outlines various components that should be included in an MIS plan, such as goals and objectives, development strategies, system architectures, and hardware/software plans. The document contrasts business plans with MIS plans and describes different types of information that may be required, including organizational, functional, knowledge, decision support, and operational information. It also discusses methods for determining information requirements, such as interviews, analyzing existing systems, critical success factors, and experimentation/modeling. Finally, it briefly introduces the prototype and lifecycle approaches to information system development and implementation.
2. Objectives: Information
• Understand management information needs: the concept
of relevance and methods of interpretation.
• Understand that information has many characteristics and
can be classified in many ways.
• Examples include:
– Source - internal, external, primary, secondary
– Nature - quantitative, qualitative, formal, informal
– Level - strategic, tactical, operational
– Time - historical, current, future
– Frequency - real-time, hourly, daily, monthly
– Use - planning, control, decision
– Form - written, visual, aural, sensory
– Type - disaggregated, aggregated, sampled.
3. Objectives: Information
• Discuss the value of information in aiding the
decision making process.
• Understand the difference between internal and
external information requirements.
• Describe the characteristics of good information
and delivery, e.g. relevant; accurate; complete;
user confidence; to right person; at right time; in
right detail; via correct channel of
communication; understandable.
• Describe the advantages and characteristics of
good information within an applications context.
4. Objectives: Data
• Understand that data may require translation or
transcription prior to entry into the system. This
can affect the accuracy of the data.
• Discuss the impact of quantity and quality of
data on the method of data capture together with
the control and audit mechanisms required to
manage data capture.
5. Objectives: Effective Presentation
• Understand the effect that the method and style
of presentation has upon the message/design in
relation to the intended audience.
6. Management Needs
• Managers need information relevant to their
needs, for planning, controlling and decision
making.
• The information needed by managers will come
in a different form for different purposes.
• The type of information needed will depend on
the level of the manager as well as the particular
task to be completed.
7. Classification of Information
• Information is classified according to:
– Source - internal, external, primary, secondary
– Nature - quantitative, qualitative, formal, informal
– Level - strategic, tactical, operational
– Time - historical, current, future
– Frequency - real-time, hourly, daily, monthly
– Use - planning, control, decision
– Form - written, visual, aural, sensory
– Type - disaggregated, aggregated, sampled.
8. Source: Internal / External
• A source document is the original document that
brings information in.
• Internal source information; comes from within
the organisation; e.g.
– Staff duty rotas, holiday dates
– Profit forecasts
• External source information; comes from outside
the organisation; e.g.
– Marketing information results from a questionnaire
– Tax changes to entitlements
• The point of view is important, a telephone bill is
an internal source to the telephone company but
an external source to an organisation that use
the telephone.
9. Source: Primary / Secondary
• A primary source of information is collected
directly from an information source, i.e. the
company’s loyalty card.
• A secondary source of information from the
loyalty card would be e.g.
– The frequency of shopping
– The time of the day it took place
– The different types of food bought.
10. Nature: Quantitative / Qualitative
• Quantitative information is measured in
numerical terms, e.g.
– Sales total
– Profit or loss totals
• Qualitative information cannot usually be
measured numerically and has to be described
differently, e.g.
– Staff concerns over the latest sales figures
– Customer satisfaction and loyalty
• A computer system is able to deal with
quantitative information much better than
qualitative information.
11. Nature: Formal / Informal
• Formal information is generated from the
organisation’s own MIS in the form of reports.
These reports influence the decisions made on
the running of the organisation.
• Formal information may also be in the form of a
memo, an agenda, minutes, or a newsletter.
• Informal information is generated from
conversations, telephone calls, notes, and
memo’s.
• E-mail could be considered either Formal or
Informal depending upon the information it
contains and the circumstances.
12. Level of Information
• Strategic Information: used by senior managers
and the board of directors for strategic decisions,
e.g. a new product, a new factory, number of
staff employed.
• Tactical Information: used by middle managers
and is more detailed than strategic, is used for
short term planning.
• Operational Information: used by junior
managers for the day to day running of the
organisation. Information is detailed and precise,
and in most cases routine.
13. Time Period
• Historical Information: kept as a reference, used
in the process of planning and making
comparisons, e.g. a yearly sales record is used
to make a prediction for the coming year.
Organisations have to keep records of past
dealings for accounting and tax purposes.
• Current Information: is being received all of the
time, written information is better than aural as
there is a record of it.
• Future Information: is a forecast of the results of
events that will occur, it is useful for planning but
is the least accurate form of information.
14. Frequency of Supply
• Different information is reported on at different
intervals, such as hourly, daily, weekly, monthly
or annually.
• Company accounts may be generated either
quarterly or annually.
• Salary information may be generated monthly.
• Stock flow information may be generated daily or
weekly.
• Many systems now operate in real time with the
data being added as soon as a transaction has
taken place, such as an airline booking process.
The information from these transactions is
always up to date.
15. Use: Planning, Control, Decision
• Information is used for planning, e.g. a new
product will be aimed at targeted market sectors.
• Information is used to monitor and control work
that is done e.g. the sales manager may use this
information to find sales staff that are under
performing.
• Information is used for decision making, e.g. to
decide where to market the new product, or to
decide whether to change or sack staff.
16. Form
• Visual: Charts, graphs, images.
• Written: forms, reports, tables, letters, provides
physical evidence.
• Aural: by word of mouth, direct and faster.
• Sensory: touch, taste, smell, in wine making,
cookery, etc.
17. Type
• Detailed Information: used at operational level,
e.g. stock inventory.
• Aggregated Information: where detailed
information is summed together e.g. all the sales
from all of the departments.
• Sampled Information: where a sample only is
required to represent the whole.
18. The Characteristics of Good
Information
• Relevant for its purpose.
• Accurate for its purpose.
• Complete enough for its purpose.
• Reliable from a source in which the user has
confidence.
• Presented to the right person.
• Presented in time for its purpose.
• Contains the right level of detail.
• Presented through the correct channel of
communication.
• The meaning is clear and in an understandable
format.
19. • Relevance: Information relevant to the
required purpose, the receiver should not
have to spend time extracting what they
want.
• Accurate: Information has to be accurate
for decision making, it may be possible to
use incomplete information if it is accurate.
• Completeness: Information for decisions
should be complete or complete enough.
At operational level it must be complete, a
business cannot sell stock it has just run
out of.
20. • Confidence: Information has to have the
user’s confidence, if mistakes are spotted
they may not be able to use the
information at all.
• The Right Person: Information should only
be passed to those who can use it, and
not to everyone in the organisation.
• Right Time: Information that is to be
discussed and decisions made needs to
be available before these meetings and
not after. Decisions can then be made
appropriately.
21. • Right Detail: Information sometimes only
needs to be presented in overview, other
time it needs to be in detail, different levels
of management need different levels of
detail.
• Channel of Communication: Information
should travel a well managed channel
between people, includes the type of
format, and internal/external.
• Understandable: Information should be
presented clearly to the user, fully
understandable and unambiguous.
22. Data Capture
• Data capture involves getting data into a
form that can be processed by the
computer.
• The ideal scenario would be:
– Accurate, Fast, Automatic and Cheap.
• Methods include:
– Keyboard, MICR, OCR, OMR, and voice
recognition.
23. Data Capture
• Data can be transferred from one method
to another, eliminating human
involvement, reduces greatly the chances
of error.
• Special documents are designed to collect
data in a form that is easily transferred into
an input document (data capture form).
24. Accuracy
• Audit checking of transactions are
necessary to ensure the results are correct
and not interfered with.
• Audit trails can be processed as a trace of
the processing of data throughout the
whole automated process.
• This can prevent fraud.
25. Accuracy
• Verification of input data;
– Double checking, or comparing the input
with the source document, or two
operators inputting the same data one
checked against the other.
– The source document may have been
completed incorrectly!
26. Validation
• A computerised check that data meets
certain criteria.
• Range check: pre-programmed upper and
lower boundaries of acceptable data which
is checked against for each entry, e.g.
only dates between today and a month
ahead may be allowed.
• Data Type check: pre-programmed data
type to ensure the correct data type, e.g. a
name is not entered into a date field.
27. Validation
• Existence check: pre-programmed to force
acceptance of data, e.g. account number.
• Consistency check: pre-programmed so
that data entered is checked against it
being present, e.g. enter a stock number
that already exists in a database.
28. Effective Presentation of
Information
• Database Reports:
– Use of selective information, not
complete tables.
– Logical groupings, sorted, easy to read.
– Printed as a report using standard
consistent formatting.
29. • Different types of report are:
– Operational: daily work, weekly sales
etc,
– Summary: summarised the high volume
of data,
– Exception: trends, unusual figures, up to
date and not waiting for the regular
reports.
30. • Presentational Graphics:
– Text charts: brief, handouts for
presentations,
– Graph charts: column, pie, for displaying
numerical information,
– Slide show: series of slides, can be
printed for handouts,
– Pictures: alongside slides or text to
illustrate, use of photographs, clip art,
company logos etc are useful.