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An MIS gathers data from multiple online systems, analyzes the information, and reports data to aid in management decision-making. The purpose of an MIS is improved decision-making, by providing up-to-date, accurate data on a variety of organizational assets, including:. The MIS collects the data, stores it, and makes it accessible to managers who want to analyze the data by running reports.
The goal of an MIS is to be able to correlate multiple data points in order to strategize ways to improve operations. For example, being able to compare sales this month to sales a year ago by looking at staffing levels may point to ways to boost revenue.
Or being able to compare marketing expenditures by geographic location and link them to sales can also improve decision-making. But the only way this level of analysis is possible is due to data that is compiled through an MIS. That feature, however, comes with a significant cost. In other words, MIS should not merely provide past or historical information; rather it should provide information, on the basis of projections based on which actions may be initiated.
Integration is a necessary characteristic of a management information system. Integration is significant because of its ability to produce more meaningful information. For example, in order to develop an effective production scheduling system, it is necessary to balance such factors as setup costs, Workforce, Overtime rates, Production capacity, Inventory level, Capital requirements and Customer services.
MIS is developed over relatively long periods. Such a system does not develop overnight. A heavy element of planning is involved. The MIS designer must have the future objectives and needs of the company in mind. The process of MIS development is quite complex and one is likely to lose insight frequently. Thus, the system, though viewed as a single entity, must be broken down into digestible sub-systems which are more meaningful at the planning stage.
A central database is a mortar that holds the functional systems together. Each system requires access to the master file of data covering inventory, personnel, vendors, customers, etc. It seems logical to gather data once, validate it properly and place it on a central storage medium, which can be accessed by any other subsystem. A good management information system can be used not only for the storage of electronic data alone but must be able to support the analysis required by management.
There are many advantages of MIS which are utilised by manager to achieve organization goal. The following are some of the benefits of a good MIS. A management information system MIS plays an important role in business organizations.
Management Information System MIS plays a significant role in the decision-making process of any organization. In any organization, a decision is made on the basis of relevant information which can be retrieved from the MIS.
Management Information System satisfy multiple need of an organization across the different functional department. As we know that MIS provides relevant information about every aspect of activities.
Hence, if any mistake is made by the management then MIS, information will help in finding out the solution to that problem. MIS store all past data and information in its Database. That why the management information system is very useful to compare business organization performance.
Today each business is running in a competitive market. An MIS supports the organization to evolve appropriate strategies for the business to assent in a competitive environment. These are briefly discussed below:. Development of new computerized based information system is a problem for the organization due to the cost factor and it creates problems because with the change of time there is need of up-to-date of the information system.
Employees should have the capacity of learning of the information system with the changing competitive and business environment; otherwise it will be difficult for the organization to stay in the market.
Sometimes a problem arises due to server crash and website crash. Sometimes it leads to the loss of information. So, maintenance cost is needed to tackle the above problem. Even though MIS has many benefits but it also has its limitations. Limitations of MIS are discussed below:. Management Information Systems MIS , referred to as Information Management and Systems, is the discipline covering the application of people, technologies, and procedures collectively called information systems, to solving business problems.
Got to Topic: 1. MIS Definition 3. Paint program in c language. A few thoughts on work life-balance. Related Books Free with a 30 day trial from Scribd. Dry: A Memoir Augusten Burroughs. Related Audiobooks Free with a 30 day trial from Scribd. The decision to acquire the computer hardware or software must be handled in the same way as any other business decision. Define system capabilities. Specify magnitude of the problem. How big the problem is.
Assess the competence the in- house staff. Develop time frame for the selection process. Hardware software should be considered as a package. The selection process should be viewed as a project and a project team should be formed with the help of the management. The selection process consists of several steps which are discussed below. The selected venders are invited to give their presentations of their system. Software selection is a critical aspect of system development.
Today there is great demand for these packages because they are quite cheap. The criteria for software selection should be based on following points:- o Reliability o Functionality o Capacity o Flexibility o Usability o Security o Performance o Serviceability o Ownership o Minimal costs. It is important to the professional user. It brings up the concept of modularity, or the ease which a package can be modified.
CAPACITY — Capacity refers to the capability of the software package to handle the users requirements for size of files, number of data elements, and reports.
All limitations should be checked. One feature of flexibility is adaptability. Additional points considered here are portability and understandability.
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