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    Chapter 3: Management Information Systems

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    Kunal Kulkarni
    Management Information Systems (MIS) provide information to support decision making. MIS draws upon concepts from managerial accounting, operations research, organization theory, and computer science. MIS has functional subsystems like marketing, manufacturing, logistics, personnel, and finance that support organizational functions. It also has activity subsystems like transaction processing, operational control, management control, and strategic planning that support managerial activities. MIS provides data and models to support functions like production planning, sales analysis, inventory planning, salary administration, financial analysis, and strategic resource allocation.

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    Chapter 3: Management Information Systems

    Uploaded by

    Kunal Kulkarni
    29 views20 pages
    Management Information Systems (MIS) provide information to support decision making. MIS draws upon concepts from managerial accounting, operations research, organization theory, and computer science. MIS has functional subsystems like marketing, manufacturing, logistics, personnel, and finance that support organizational functions. It also has activity subsystems like transaction processing, operational control, management control, and strategic planning that support managerial activities. MIS provides data and models to support functions like production planning, sales analysis, inventory planning, salary administration, financial analysis, and strategic resource allocation.

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    Management Information Systems (MIS) provide information to support decision making. MIS draws upon concepts from managerial accounting, operations research, organization theory, and computer science. MIS has functional subsystems like marketing, manufacturing, logistics, personnel, and finance that support organizational functions. It also has activity subsystems like transaction processing, operational control, management control, and strategic planning that support managerial activities. MIS provides data and models to support functions like production planning, sales analysis, inventory planning, salary administration, financial analysis, and strategic resource allocation.

    Copyright:

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    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    29 views20 pages

    Chapter 3: Management Information Systems

    Uploaded by

    Kunal Kulkarni
    Management Information Systems (MIS) provide information to support decision making. MIS draws upon concepts from managerial accounting, operations research, organization theory, and computer science. MIS has functional subsystems like marketing, manufacturing, logistics, personnel, and finance that support organizational functions. It also has activity subsystems like transaction processing, operational control, management control, and strategic planning that support managerial activities. MIS provides data and models to support functions like production planning, sales analysis, inventory planning, salary administration, financial analysis, and strategic resource allocation.

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    Chapter 3: Management Information Systems

    MIS
    MIS is a set of organized procedures which when executed provide information to support decision making. MIS is an integrated user-machine system for providing information to support operations, management and decision making functions in an organization.

    Characteristics of MIS
    Many ideas which are part of MIS are found in other academic disciplines. Four major areas are especially significant to MIS concept:
    Managerial accounting Operations Research Organization Theory Computer science

    Managerial accounting
    Field of accounting having two major ares: financial and managerial. Financial: measurement of income for specific period of time as month or year (income statement) and reporting of financial status at the end (balance sheet). Managerial: Determining relevant costs and performing other analysis useful for managerial control & decisions. Focus on preparation of budgets & performance analysis based on budgets. MIS provides data & model support.

    Operations Research
    Operations Research is the application of scientific method and quantitative analysis techniques to management problems. Systematic approaches to business problem solving. Use of mathematical models & procedures in analysis. It has developed procedures for analysis and computer based solutions of decision problems.

    Organization theory
    MIS a support system for organizational functions. It draws upon concepts of organization, organization behavior, management and decision making.

    Computer science
    Computer science is important to MIS as it covers algorithms, computation, software etc. But main field of MIS is not an extension of computer science; it is an extension of management and organizational theory. The emphasis in MIS is on the application of technical capabilities computer science has provided.

    Subsytems of an MIS
    Two approaches to defining subsystems of an MIS are:
    According to organizational functions which they support. According to managerial activities for which they are used.

    Sub-systems of MIS according to organizational functions


    Major functional subsystems Marketing Manufacturing Logistics Some typical uses of MIS Sales forecasting, Sales Planning, Customer and sales analysis Production planning and scheduling, cost control analysis Planning and control of purchasing inventories, distribution

    Personnel

    Planning personnel requirements, analyzing performance,salary administration


    Financial analysis,cost analysis, capital requirements planning. Income measurement. Information system planning, costeffectiveness analysis. Strategic planning, Resource allocation

    Finance and accounting

    Information processing Top management

    Use of MIS in marketing


    Marketing:-Use of MIS

    Use of MIS in Production

    Products ready due to use of MIS in Production

    Use of MIS in Logistics (Inventory planning)

    Use of MIS in Personnel


    Salary analysis required for HR

    Use of MIS in Finance

    Subsystems of MIS according to managerial activities for which they are used.
    Activity subsystems Some typical uses of MIS

    Transaction processing
    Operational control Management control

    Processing of orders, shipments and receipts


    Scheduling of activities and performance reports Formulation of budgets & resource allocation

    Strategic planning

    Formulation of objectives and strategic plans

    Use of MIS in Transaction processing

    Use of MIS in Operational control

    Use of MIS on Management control eg. Resource allocation

    Marketing

    Productio n

    Logistics

    Personnel

    Finance

    IP

    Top management

    Strategic

    Management control Operational control

    Transaction processing

    Database Management System

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