Fundamental Concepts of MIS

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Slide 1:

Fundamental Concepts of MIS

Meaning of MIS :

Meaning of MIS Management Information System (MIS) is a term used to refer to a class of information systems, that provides the management with the information required for decision making.

Slide 3:

Three words which constitute MIS are Management Information System

Management:

Management Unseen force Lifeblood The most important task that managers perform is the task of taking decisions.

Information :

Information key ingredient. improves the quality of decision making. Information is created after processing data, mostly transaction – level data. This transaction – level data has to be captured , stored and then processed to create any meaningful information for managers.

System :

System A system can be defined as a set of interacting entities having interrelation, interconnections with each other, forming an integrated whole. A system means a process(technology - enabled) for capturing data , storing it and then processing / analyzing it to provide information.

Slide 7:

Information systems that help a management in taking decisions are called management information systems. MIS consists of a set of information systems working towards the common goal of achieving greater efficiency in decision- making at each level of management.

Slide 8:

MIS deals with internally- generated information. The in – house data is processed (summarized/aggregated) to create reports , which helps a management at different levels in taking decisions. MIS is designed in order to achieve information flow , which is based on the ‘need to know’ principle.

Slide 9:

E.g. for MIS Enterprise Resource Planning System.(ERP) Customer Relationship Management System(CRM) Supply Chain Management System(SCM)

Slide 10:

MIS is a set of systems , which helps the management of an organization at different levels to take better decisions by providing the necessary information. MIS is not a monolithic entity but a collection of systems , which provides a user with a monolithic feel.

Slide 11:

The different subsystems working in the background have different objectives, but work in concert with each other to satisfy the overall requirement of managers for good quality information .

Slide 12:

The decision taken by the managers differ in terms of Complexity Information requirement for taking the decision. Relevance Effect on the organization Degree of structured behavior of the decision – making process.

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