MIS

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PowerPoint Presentation:

Free Powerpoint Templates Management Information System (MIS)

Information is Critical :

Information is Critical “The information we have is not what we want ,” “The information we want is not the information we need ,” “The information we need is not available .”

Information is a Resource:

Information is a Resource It is scarce It has a cost It has alternative uses There is an opportunity cost factor involved if one does not process information.

What is MIS?:

What is MIS? Right Information To the right person At the right place At the right time In the right form At the right cost

Definition:-:

Definition:- Management Information Systems (MIS) is a system designed to supply information required for effective management of an organization. A formal structure, generally computerized, for collecting and analyzing information relevant to an organization's operations. Management Information Systems (MIS)

Management Information System:

Management Information System System emphasizing a fair degree of integration and a holistic view; Information stressing on processed data in the context in which it is used by end users; Management focusing on the ultimate use of such information systems for managerial decision making. The three sub-components Management, Information and System - together bring out the focus clearly & effectively.

PowerPoint Presentation:

Management Information System (M.I.S.) is basically concerned with processing data into information. which is then communicated to the various Departments in an organization for appropriate decision-making. Information systems are designed to provide managers with information that can be utilized to make better and more timely decisions. Data Information Communication Decisions

The objects of MIS :

The objects of MIS To make the desired information available in the right form to the right person and at the right time. To supply the required information at a reasonable cost. To use the most efficient methods of processing data. To provide necessary security & the secrecy for important and/or confidential information. To keep the information up-to-date .

Advantages of MIS:

Advantages of MIS the means of effective and efficient coordination between Departments quick and reliable referencing access to relevant data and documents use of less labor improvement in organizational and departmental techniques management of day-to-day activities (as accounts, stock control, payroll etc.); day-to-day assistance in a Department and closer contact with the rest of the organization.

Features of MIS:

Features of MIS 10 On Time As required yet dynamic Crisp yet detailed Accurate Consistent Comprehensive

The Concept of MIS:

The Concept of MIS

Outputs of a Management Information System:

Outputs of a Management Information System Scheduled reports Produced periodically, or on a schedule (daily, weekly, monthly ) Key-indicator report Summarizes the previous day’s critical activities Typically available at the beginning of each day Demand report Gives certain information at a manager’s request Exception report Automatically produced when a situation is unusual or requires management action

PowerPoint Presentation:

An Organization’s MIS Financial MIS Marketing MIS Human Resources MIS Etc. Accounting MIS Drill down reports Exception reports Demand reports Key-indicator reports Scheduled reports Databases of external data Databases of valid transactions Transaction processing systems Business transactions Business transactions Extranet Internet Figure 9.3 Etc. Functional Aspects

Why MIS? It’s Role . . . .:

Why MIS? It’s Role . . . . Increased Business & Management Complexities Technological Revolution Research & Development Explosion of Information Management Science Technologies Decision-making Onset of Computers

Functional Uses of MIS:

Functional Uses of MIS Enhzance : Quality of our operations Quality of our services We achieve : Efficiency Transparency Speedy Decision making

Organizational Systems & MIS:

Organizational Systems & MIS

Typical MIS Systems:

Typical MIS Systems

Management Information Systems:

18 Management Information Systems Levels of Management: In order to understand who the users of an MIS are and what information they need, one must first understand the levels of management and the types of decisions are made at each level.

PowerPoint Presentation:

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Levels of management:

20 Levels of management 1 . Lower level management makes decisions that affect day to day operations. Programmed decisions that are predetermined by rules and procedures. They lead to a desired result. The information needs of lower-level mgrs. can be met by administrative data processing activities.

Levels of management:

21 Levels of management 2. Middle-level mgrs . plan working capital, schedule production, formulate budgets, and make short-term forecasts. Mid-level managers make tactical decisions that usually involve time periods of up to two years. Many Mid-level mgmt decisions are non-programmed decisions. No specific predetermined steps cab be followed to each solution. The information needs of Mid-level mgrs. must be specific.

Levels of management:

22 Levels of management 3. Top-level mgrs. provide direction for the company by planning for the next five years . Top-level mgrs. make strategic decisions that involve a great deal of uncertainty. Top-level mgt. decisions are non-programmed decisions.

Thank You:

Thank You 23 “ Doubt is better than Over-confidence”

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