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I.T. PROJECT

MIS 01

ENROLLMENT NUMBER:-1548

DIV :-C

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Management information system

`

A management information system (MIS) is a systemthat provides information needed to manage organizations

effectively.

` Management information systems involve three primary

resources: technology, information, and people.

` It's important to recognize that while all three resources

are key components when studying management

information systems, the most important resource is

people.

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Who What Why

Operational level Foremen or

supervisor

Automate routine and

repetitive activities

and events

Improve

organizational

efficiency

Managerial level Middle level

managers andfunctional managers

Automate the

monitoring andcontrolling of

operational activities

Improve

organizationaleffectiveness

Executive level Executive level

managers

Aggregate summaries

of past organizational

data and projectionsof the future

Improve

organizational

strategy and planning

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Accounts and finance

` Financial Planning availability and cost of money.` Budgeting allocates financial resources among participants and

activities.

` Capital Budgeting - financing of assets acquisitions,

` Managing Financial Transactions

` HandlingMultiple Currencies` Payroll,

` Virtual Close ability to close books at any time on short notice,

` Investment management managing organizational investments instocks, bonds, real estate, and other investment vehicles,

`

Budgetary Control monitoring expenditures and comparing againstbudget,

` Auditing ensuring the accuracy and condition of financial health ofthe organisation.

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Marketing

` Carrying out market research to obtain feedback onpotential and existing products and/or services

` Analyzing market research responses and advising senior

managers of the results and implications

` Customer Relations know who customers are and treat

them like loyalty,

` Customer Profiles And Preferences,

` Sales Force Automation using software to automate the

business tasks of sales, thereby improving the productivity

of salespeople,

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Human Resource

` It refers to the intersection between Human resource andIT.

` Information system provides managers with support fordecision that emphasize allocation of resources.

` Recruitment finding employees, testing them , anddeciding which ones to hire,

` Performance Evaluation - periodic evaluation bysuperiors,

` Training

` Employee Records

` Benefits Administration medical, retirement, disability,unemployment, etc.

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Roles of individuals

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DSS- Decision Support System

` It provide computer-based support for complex, non-routine decisions primarily for middle managers and

knowledge workers.

` It is a collection of integrated software applications and

hardware that form the backbone of an organizationsdecision making process.

` They are of two types : Business Intelligence, Data mining

` They can examine numerous alternatives very quickly.

` They can provide a systematic risk analysis.

` They can be integrated with communications systems and

databases.

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DSS- In marketing

` DSS for marketing activity consists of informationtechnology, marketing data and modelling capabilities

that enable the system to provide predicted outcomes

from different scenarios and marketing strategies

` A manager uses DSS to learn about the changing

trends in the marketing situations and take actions

accordingly.

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DSS- In Finance

` A decision system has great impact on the profits of the company. Itforces the management to rationalize the depreciation, inventory andinflation policies. It warns the management against impending crisesand problems in the company. It specially helps in following areas:

` CLIENTS USE DSS TOMANAGE CREDIT RISK, PREVENTFRAUD,TARGETMARKETING OFFERS ANDAUTOMATED

ECISIONM

AKING.THEY ALSO PROVID

E A RANGE OFANALYTICAL SOLUTIONS.

` A decision system allows for careful financial planning and taxplanning. Profits go up, non cash outlays are controlled, tax liabilitiesare minimized and cash flows are maintained positive throughout.

` As a result of all the above effects the value of the company grows and

its shares appreciate.` The decision system is an integral part of financial management in the

West. It is completely compatible with western accounting methods andderives all the data that it needs from information extant in the company.

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DSS- In Human Resource

` Recruitment

` Industrial negotiations: An HRDSS has the potential to

save an enormous amount of time in industrial

negotiations and facilitate discussion between parties with

different sets of values

` Retention

` Competency/Needs Analysis

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ESS- Executive Support system

` A ESS is a software system under control of one of manydecision-makers that assists in their activity of decision making

by providing and organised set of tools intended to improve the

ultimate effectiveness of the decision outcome.

`

An ESS focuses more in the end-user requirements ofmaximum interactivity and user-friendliness.