Management Information Systems (mis)
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¥An MIS provides managers with information and support for effective decision making, and provides feedback on daily operations ¥Output, or reports, are usually generated through accumulation of transaction processing data ¥Each MIS is an integrated collection of subsystems, which are typically organized along functional lines within an organization
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Scheduled reports Produced periodically, or on a schedule (daily, weekly, monthly
Key indicator report Summarizes the previous dayÑs critical activities Typically available at the beginning of each day
Demand report Gives certain information at a managerÑs request
Exception report Automatically produced when a situation is unusual or requires management action
Scheduled Report Example
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It Facilitates planning In Minimizes information overload MIS Encourages Decentralization It brings Co ordination It makes control easier MIS assembles, process , stores , Retrieves , evaluates and Disseminates the information
Management Information Systems for Competitive Advantage
¯ Provides support to managers as they work to achieve corporate goals 2 Enables managers to compare results to established company goals and identify problem areas and opportunities for improvement
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Financial statements ses and management of funds Financial statistic for control
Profit/loss and cost systems Auditing Internal auditing External auditing ses and management of funds
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Marketing research Product development Promotion and advertising Product pricing
¯ 2
uman resource planning Personnel selection and recruiting Training and skills inventory Scheduling and job placement age and salary administration
3 4 5
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Scheduled reports Produced periodically, or on a schedule (daily, weekly, monthly
Key indicator report Summarizes the previous dayÑs critical activities Typically available at the beginning of each day
Demand report Gives certain information at a managerÑs request
Exception report Automatically produced when a situation is unusual or requires management action
Scheduled Report Example
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}
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}
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}
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Õ
Õ
= = =
}
!
}
"
!
}
}
}
}
}
}
=
Å
It Facilitates planning In Minimizes information overload MIS Encourages Decentralization It brings Co ordination It makes control easier MIS assembles, process , stores , Retrieves , evaluates and Disseminates the information
Management Information Systems for Competitive Advantage
¯ Provides support to managers as they work to achieve corporate goals 2 Enables managers to compare results to established company goals and identify problem areas and opportunities for improvement
¯ 2
3
¯
2 3 4 5
Financial statements ses and management of funds Financial statistic for control
Profit/loss and cost systems Auditing Internal auditing External auditing ses and management of funds
¯ 2 3 4
Marketing research Product development Promotion and advertising Product pricing
¯ 2
uman resource planning Personnel selection and recruiting Training and skills inventory Scheduling and job placement age and salary administration
3 4 5
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