What Is a Management Information System?
A management information system (MIS) is a set of systems and procedures that gather information from a range of sources, compile it and present it in a readable format. Managers use an MIS to create reports that provide them with a comprehensive overview of all the information they need to make decisions ranging from daily minutiae to top-level strategy. Today's management information systems rely largely on technology to compile and present data, but the concept is older than modern computing technologies.
A management information system gives the business managers the information that they need to make decisions. Early business computers were used for simple operations such as tracking inventory, billing, sales, or payroll data, with little detail or structure. Over time, these computer applications became more complex, hardware storage capacities grew, and technologies improved for connecting previously isolated applications. As more data was stored and linked, managers sought greater abstraction as well as greater detail with the aim of creating significant management reports from the raw, stored data. Originally, the term "MIS" described applications providing managers with information about sales, inventories, and other data that would help in managing the enterprise.
You Use a Management Information System When You:
Use Facebook or Twitter
Place a call with your cell phone
Make online purchases
Order airline tickets online
Reserve a hotel or car rental online
Plan your vacation online
Make an in-store purchase with your credit card
Use an ATM machine
Types of Management Information ststem(MIS):
MIS is a people-driven integrated man-machine system.It uses computer hardware, software, network communications equipment and other office equipment to collect, transmit,process,storage,maintenance and update theinformation,in order to improve effectiveness and efficiency on supportingthe corporations to make decision on grass-roots operations,middle-level control and high-level decision-making.
Enterprise Resource Planning System(ERP):
Facilitates the flow of information between all business functions inside the boundaries of the organization and manage the connections to outside stakeholders Decision Support Systems (DSS):
DSS are computer program applications used by middle and higher management to compile information from a wide range of sources to support problem solving and decision making.DSS is majorly used for semi-structured and unstructured decision problems.
Executive Information Systems (EIS):
EIS is a reporting tool that provides quick access to summarized reports coming from all company levels and departments such as accounting, human resources and operations.
Marketing Information Systems (MIS):
MIS are Management Information Systems designed specifically for managing the marketing aspects of the business.
Office Automation Systems (OAS):
OAS support communication and productivity in the enterprise by automating work flow and eliminating bottlenecks. OAS may be implemented at any and all levels of management.
School Information Management Systems (SIMS):
cover school administration,and often including teaching and learning materials.
Customer Relationship Management systems(CRMS):
combine data that relates directly to the customer experience.
Operation Information System:
These systems were introduced after transaction processing systems. An operations information system gathers comprehensive data, organizes it and summarizes it in a form that is useful for managers. Most of these systems access data from a transaction processing system and organize it into a form usable by managers. Managers use operations information systems to obtain sales, inventory, accounting and other performance-related information.
Financcial Management Information System:
The financial management information system...
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