Management information systems are those systems that allow managers to make decisions for the successful operation of businesses. Management information systems consist of computer resources, people, and procedures used in the modern business enterprise. The term MIS stands for management information systems. MIS also refers to the organization that develops and maintains most or all of the computer systems in the enterprise so that managers can make decisions. The goal of the MIS organization is to deliver information systems to the various levels of corporate managers. MIS professionals create and support the computer system throughout the company. Trained and educated to work with corporate computer systems, these professionals are responsible in some way for nearly all of the computers, from the largest mainframe to the desktop and portable PCs.
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows:
Accounting management information systems: All accounting reports are shared by all levels of accounting managers.
Financial management information systems: The financial management information system provides financial information to all financial managers within an organization including the chief financial officer. The chief financial officer analyzes historical and current financial activity, projects future financial needs, and monitors and controls the use of funds over time using the information developed by the MIS department.
Manufacturing management information systems: More than any functional area, operations have been impacted by great advances in technology. As a result, manufacturing operations have changed. For instance, inventories are provided just in time so that great amounts of money are not spent for warehousing huge inventories. In some instances, raw materials are even processed on railroad cars waiting to be sent directly to the factory. Thus there is no need for warehousing.
Marketing management information systems: A marketing management information system supports managerial activity in the area of product development, distribution, pricing decisions, promotional effectiveness, and sales forecasting. More than any other functional area, marketing systems rely on external sources of data. These sources include competition and customers, for example.
Human resources management information systems:Human resources management information systems are concerned with activities related to workers, managers, and other individuals employed by the organization. Because the personnel function relates to all other areas in business, the human resources management information system plays a valuable role in ensuring organizational success. Activities performed by the human resources management information systems include, work-force analysis and planning, hiring, training, and job assignments.
importance of MIS in the present scenario
what is the importance of strategic planning in mis?
I need the mis case study with answers
Pitfalls in MIS Development • Organization does not have a reliable management system • Organization has not defined its mission clearly • Organization's objectives have not been specified • Management lacks interest in MIS development process & relies solely on MIS development's specification. • Communication gap exists between MIS development team and the management • MIS development team is incompetent
evolution of MIS or Management Information System: The MIS is an evolving concept. When the concept of of MIS was first introduced, many proponents envisioned a single, highly integrated system that would bring together processing for all organisation functions. Its evolution start with the INFORMATION. Decision sport system was one of the important contributor to the life of MIS. THE EDP IS ALSO IMPORTANT IN INFORMATION MANAGENMENT.........
1) Accounting MIS 2) Financial MIS 3) Manufacturing MIS 4) Marketing MIS 5) HR MIS
1) Accounting MIS 2) Financial MIS 3) Manufacturing MIS 4) Marketing MIS 5) HR MIS
"MIS 'lives' in the space that intersects technology and business. MIS combines technology with business to get people the information they need to do their jobs. rubiconn.com
Some disadvantages of Management Information Systems (MIS) include high initial setup costs, potential for data security breaches, and the need for ongoing maintenance and upgrades, which can be resource-intensive. Additionally, MIS may lead to information overload if not managed effectively, impacting decision-making processes.
Some challenges of managing information systems include ensuring data security and privacy, managing complex technology infrastructures, and staying updated with rapidly evolving technology trends. Additionally, balancing the costs of technology investments with the potential benefits and maintaining alignment with organizational goals can also be challenging.
MIS cycle ?
An MIS Executive is responsible for managing and analyzing an organization's data to provide insightful reports and assist in decision-making processes. They typically use various software tools to collect, organize, and interpret data to help improve operational efficiency and effectiveness within the organization. MIS Executives often work closely with different departments to understand their data needs and provide relevant information.
What are the essencial componants of an effective mis and why
ess in mis which means Management Information Systems,
The prefix is 'mis' meaning bad, lack of, or incorrect.
An application in a management information system can be a database. The database stores information the business uses to make decisions.
the thrre types of tools are MIS, TPS and DSS