Management Information System

(MIS)

Presented By:

Mehedi Hasan, FBA USTC

MIS – Definition and ConceptA management information system (MIS) is system of

collecting, processing, storing, disseminating and utilizing data in the form of information needed to carry out the functions of management.

Today, the term is used broadly in a number of contexts and includes (but is not limited to):  Decision support systems, Resource and people management applications,  Enterprise Resource Planning (ERP),  Supply Chain Management (SCM),  Customer Relationship Management (CRM),  project management and database retrieval applications.

Management Information System

Serve middle management Structured and semi-structured decisions Provide reports on firm’s current performance, based

on data from TPS Past and Present Data Internal Orientation Provide answers to routine questions with predefined

procedure for answering them Typically have little analytic capability

MIS – Functional View

Accounting Information

Systems

Accounting Information System( ...)cont

Record and report business transactions and other economic events

Online Accounting Systems

Accounting Information System( ...)cont

Why Information System…!

Information system is instrument for creating value

Investments in information technology will result in superior returns:

◦ Productivity increases◦ Revenue increases◦ Superior long-term strategic positioning

How MIS Obtain Data from How MIS Obtain Data from TPS:TPS:

In the system illustrated by this diagram, three TPS supply summarized transaction data to the MIS reporting system at the end of the time period. Managers gain access to the organizational data through the MIS, which provides them with the appropriate reports.

A Networked Information System: Three-Tier Architecture

Business information – value chain

Raw data acquired and transformed through stages that add value to that information

Value of information system determined in part by extent to which it leads to better decisions, greater efficiency, and higher profits

Business perspective: Calls attention to organizational and managerial nature of information systems

Business information – value chain

Thank You