Management Information System (MIS) is a planned system that collects, stores, and disseminates data to carry out management functions. It involves people, technology, and processes working together. There are two main types of MIS - transaction processing systems and decision support systems. The objectives of MIS are to collect, process, store, retrieve, and propagate information. Key characteristics include taking a systems approach, being management oriented, and having a long term perspective. An effective MIS requires qualified staff, computer experts, management support, a common database, and control/maintenance.
6. DEFINITION:-MIS
MIS is a planned system of collecting,storing
and disseminating data in the form of
information carry to out the functions of
management.
To survive in a competitive market it is a
necessary tool
Examples:-government,reliance…..etc
8. Functions of a Management
• PLANNING
• CONTROLLING
• STAFFING
• ORGANIZING
• DIRECTING
9. INFORMATION
• COLLECTION:SOURCES
• RELEVANT ;MONEY
• UNORGANISED &
ORGANISED DATA
• STORAGE
:MEMORY;COMPUTERS;
CENTRAL DATA BASE
• UP TO DATE
INFORMATION
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Sales
10. METHODS OF DATA COLLECTION
• OBSERVATION
• EXPERIMENT
• SURVEY
• ESTIMATION
• PURCHASE FROM OUTSIDE
• SPYING
• GOVERNMENT AGENCIES
DATA
PROCESSING/
INTERPRETATION
INFORMATION
11. CHARACTERISICS OF A GOOD
INFORMATION
• ACCURATE
• TIMELY
• RELEVANT
• JUST SUFFICIENT
• WORTH ITS COST
• VALUE OF INFORMATION=B-E
12. SYSTEM
A system is an orderly grouping of independent
components linked together according to a plan
to achieve a specific objective.
CHARACTERISTICS OF A SYSTEM
-organization
-interaction
-interdependence
-integration
-central structure
13. ELEMENTS OF A SYSTEM
• Outputs and inputs
• Processors
• Control
• Feedback
• Environment
• Boundaries & interfaces
inputs
outputsprocessing
customer
15. APPLICATION
• USING A MOBILE PHONE
• GENERATING ELECTRICITY BILLS
• RESERVING A TRAIN TICKET
OF
• GENERATING BANK STATEMENTS
• SHOPPING WITH CREDIT CARDS
• WITHDRAWING MONEY FROM ATM
MIS
• SURFING THE INTERNET
• PAYING INCOME TAX
• RECEIVING BOARD EXAMINATION RESULT
17. OBJECTIVES OF MIS
• COLLECTION
• PROCESSING
• STORAGE
• RETRIEVAL
• PROPAGATION
COLLECTION PROCESSING STORAGE RETRIEVAL PROPAGATION
18. CHARACTERISTICS OF MIS
• Systems approach
• Need based & exception based
• Management oriented
• Future oriented
• Long term planning
• Sub system concept
• Central database
19. FUNCTIONS OF MIS
• Handling of voluminous data
• Confirmation of validity of information
• Complex processing and multidimensional
analysis
• Quick search and retrieval
• Mass storage
• Communication of information to user on time
• fulfilling the changing needs of the information
• Prediction/forecasting
20. DIFFERENT ORGANIZATION FOR MIS
FINANCIAL PLANNING SYSTEM
HUMAN RESOURCE SYSTEM
BILL PAYMENT SYSTEM
COLLEGE STUDENT INFORMATION SYSTEM
PATIENT MANAGEMENT SYSTEMS
AIRLINE/TRAIN RESERVATION AND TICKETING SYSTEM
FACTORY INVENTORY MANAGEMENT SYSTEM
22. MIS FOR A BUSINESS ORGANIZATION
• DECISION SUPPORT SYSTEM
• ENTERPRISE RESOURCE PLANNING(ERP)
• SUPPLY CHAIN MANAGEMENT
• CUSTOMER RELATIONSHIP MANAGEMENT
• PROJECT MANAGEMENT
• EXECUTIVE INFORMATION SYSTEM
23. REQUIREMENTS FOR AN EFFECTIVE
MIS
• QUALIFIED SYSTEM AND MANAGEMENT STAFF
• SYSTEM AND COMPUTER EXPERTS
• MANAGEMENT EXPERTS
• FUTURISTIC PERSPECTIVE
• SUPPORT OF TOP MANAGEMENT
• COMMON DATABASE
• CONTROL AND MAINTENANCEOF MIS