Marketing Information System Begins and Ends with Information Users: Interacts with information users to assess information Develops needed information from internal and external sources Helps users analyze information for marketing decisions Distributes the marketing information and helps managers use it for decision making
Definition By Philip Kotler 'MKIS' is a planned system of collecting, processing, storing and disseminating data in the form of information needed to carry out the functions of management. According to Phillip Kotler "A marketing information system consists of people, equipment, and procedures to gather, sort, analyses, evaluate, and distribute needed, timely, and accurate information to marketing decision makers."
The Marketing Information System Marketing Information System Developing Information Information Analysis Internal Databases Marketing Research Marketing Intelligence Distributing Information Assessing Information Needs Marketing Managers Marketing Environment Marketing Decisions and Communications
Developing Marketing Information Internal data is gathered via customer databases, financial records, and operations reports. Advantages include quick and easy  access to information. Disadvantages stem from the incompleteness or inappropriateness of data to a particular situation. Internal data Marketing intelligence Marketing research Sources of Info
Developing Marketing Information Marketing intelligence  is the systematic collection and analysis of publicly available information about competitors and trends in the marketing environment. Competitive intelligence gathering activities have grown dramatically. Many sources of competitive information exist. Internal data Marketing intelligence Marketing research Sources of Info
Developing Marketing Information Marketing research  is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization. Internal data Marketing intelligence Marketing research Sources of Info
FUNCTIONS OF MKIS Classification  Measurement and Analysis Decision Models Reporting system Information retrieval system
Components of an MKIS Internal Reports System Marketing Intelligence System Marketing Decision Support System (DSS) Marketing Research System
Components of MKIS
The Marketing Research Process Defining the  problem and research  objectives Developing the research plan for collecting information Implementing the research  plan -- collecting  and analyzing  the data Interpreting  and reporting  the findings
The Marketing Research System has a role in MIS because… It gathers information not gathered by the other MIS component subsystems. Marketing research studies are conducted for a specific situation facing the company.  Marketing research projects unlike other MIS components are not continuous – they have a beginning and an end.
Cost-Benefit Aspects of MKIS  Marketing firm should continue to collect and store information up to the point where the marginal cost of information equals the marginal value.
Advantages Substantial cost saving are realized   Marketer’s understanding of their decision environment is increased   Decision making effectiveness is upgraded   Information value is improved
Why don ’ t more firms have an MKIS?
 
FISH
Problems Faced are: Poor Planning Lack of staff and expertise to develop the System.
Fisheries Development Authority of Malaysia (FDMA) It designed the MKIS structure in 1985 Its MKIS is divided into four sub-modules: Market Operation System (MOS) Marketing Monitoring System (MMS) Complex Management System (CMS) Trade Promotion System (TPS)
 
PALM  OIL
The two major institutions involved in marketing information are: PORLA KLCE Functions of these institutions are: Provide Hedging to reduce prices and risk to Industry Participants. Provide information on the current supply situation of Palm Oil Products
Ensures efficient marketing for Palm Oil by means of Market Monitoring. Collects data on Price, Product, Export & Import. Collects data on Production & Stock of Processed Palm Oil.
 
VEGETABLES
FAMA Role of MKIS IBM 4331-L02 10 Micro Computers TELITA FAMA tends to commercialize
 
ACKNOWLEDGEMENT We, the members of Group 3, would like to take this opportunity to thank Prof. Jaishankar Ojha for giving us such an interesting topic for our presentation which has enlightened our knowledge on Marketing Information System (MKIS). You have always being a source of inspiration and have always guided us throughout the presentation. We have learnt some good skills of presentation and hope that this will be helpful to us in our near future.  Thank you sir for all your support provided to us.
Thank You

MARKETING INFORMATION SYSTEM

  • 1.
  • 2.
    Marketing Information SystemBegins and Ends with Information Users: Interacts with information users to assess information Develops needed information from internal and external sources Helps users analyze information for marketing decisions Distributes the marketing information and helps managers use it for decision making
  • 3.
    Definition By PhilipKotler 'MKIS' is a planned system of collecting, processing, storing and disseminating data in the form of information needed to carry out the functions of management. According to Phillip Kotler "A marketing information system consists of people, equipment, and procedures to gather, sort, analyses, evaluate, and distribute needed, timely, and accurate information to marketing decision makers."
  • 4.
    The Marketing InformationSystem Marketing Information System Developing Information Information Analysis Internal Databases Marketing Research Marketing Intelligence Distributing Information Assessing Information Needs Marketing Managers Marketing Environment Marketing Decisions and Communications
  • 5.
    Developing Marketing InformationInternal data is gathered via customer databases, financial records, and operations reports. Advantages include quick and easy access to information. Disadvantages stem from the incompleteness or inappropriateness of data to a particular situation. Internal data Marketing intelligence Marketing research Sources of Info
  • 6.
    Developing Marketing InformationMarketing intelligence is the systematic collection and analysis of publicly available information about competitors and trends in the marketing environment. Competitive intelligence gathering activities have grown dramatically. Many sources of competitive information exist. Internal data Marketing intelligence Marketing research Sources of Info
  • 7.
    Developing Marketing InformationMarketing research is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization. Internal data Marketing intelligence Marketing research Sources of Info
  • 8.
    FUNCTIONS OF MKISClassification Measurement and Analysis Decision Models Reporting system Information retrieval system
  • 9.
    Components of anMKIS Internal Reports System Marketing Intelligence System Marketing Decision Support System (DSS) Marketing Research System
  • 10.
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    The Marketing ResearchProcess Defining the problem and research objectives Developing the research plan for collecting information Implementing the research plan -- collecting and analyzing the data Interpreting and reporting the findings
  • 12.
    The Marketing ResearchSystem has a role in MIS because… It gathers information not gathered by the other MIS component subsystems. Marketing research studies are conducted for a specific situation facing the company. Marketing research projects unlike other MIS components are not continuous – they have a beginning and an end.
  • 13.
    Cost-Benefit Aspects ofMKIS Marketing firm should continue to collect and store information up to the point where the marginal cost of information equals the marginal value.
  • 14.
    Advantages Substantial costsaving are realized Marketer’s understanding of their decision environment is increased Decision making effectiveness is upgraded Information value is improved
  • 15.
    Why don ’t more firms have an MKIS?
  • 16.
  • 17.
  • 18.
    Problems Faced are:Poor Planning Lack of staff and expertise to develop the System.
  • 19.
    Fisheries Development Authorityof Malaysia (FDMA) It designed the MKIS structure in 1985 Its MKIS is divided into four sub-modules: Market Operation System (MOS) Marketing Monitoring System (MMS) Complex Management System (CMS) Trade Promotion System (TPS)
  • 20.
  • 21.
  • 22.
    The two majorinstitutions involved in marketing information are: PORLA KLCE Functions of these institutions are: Provide Hedging to reduce prices and risk to Industry Participants. Provide information on the current supply situation of Palm Oil Products
  • 23.
    Ensures efficient marketingfor Palm Oil by means of Market Monitoring. Collects data on Price, Product, Export & Import. Collects data on Production & Stock of Processed Palm Oil.
  • 24.
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  • 26.
    FAMA Role ofMKIS IBM 4331-L02 10 Micro Computers TELITA FAMA tends to commercialize
  • 27.
  • 28.
    ACKNOWLEDGEMENT We, themembers of Group 3, would like to take this opportunity to thank Prof. Jaishankar Ojha for giving us such an interesting topic for our presentation which has enlightened our knowledge on Marketing Information System (MKIS). You have always being a source of inspiration and have always guided us throughout the presentation. We have learnt some good skills of presentation and hope that this will be helpful to us in our near future. Thank you sir for all your support provided to us.
  • 29.