What Is Management Information System
What Is Management Information System
What Is Management Information System
The primary goal of this system is to collect and organise all data from various levels of business,
summarise and then facilitate decision making, and improve quality to increase the company’s
productivity and profitability.
Management information systems (MIS) provide information in the form of reports and displays to
managers and many business professionals. For example, sales managers may use their networked
computers and Web browsers to receive instantaneous displays about the sales results of their
products and access their corporate intranet for daily sales analysis reports that evaluate sales made
by each salesperson. Decision support systems (DSS) give direct computer support to managers
during the decision-making process. For example, an advertising manager may use a DSS to perform
a what-if analysis as part of the decision to determine how to spend advertising dollars. A production
manager may use a DSS to decide how much product to manufacture, based on the expected sales
associated with a future promotion and the location and availability of the raw materials necessary to
manufacture the product. Executive information systems (EIS) provide critical information from a
wide variety of internal and external sources in easy-to-use displays to executives and managers. For
example, top executives may use touch-screen terminals to view instantly text and graphics displays
that highlight key areas of organizational and competitive performance.
A management information system (MIS) is a computer system consisting of hardware and software
that serves as the backbone of an organization's operations. An MIS gathers data from multiple
online systems, analyzes the information, and reports data to aid in management decision-making
Information Systems play an integral role in organizations. They enable business transactions, from
Customer Relationship Management to Supply Chain Management, they provide crucial decision-
making information for managers, and enable new types of business models and organization
structures. Today’s information-intensive, complex business environment demands professionals
who have both applied IT experience and management insight. Hope this helps.
Management Information Systems (MIS) is the study of people, technology, and organizations. It
focuses on the management of information systems to provide efficiency and effectiveness of
strategic decision making.
An MIS track takes concepts from computer science, programming, and system analysis & design
and applies them to business needs.
2. What are the components of MIS?
Here are some of the advantages or benefits of using a MIS for management and a company as a
whole.
The system automatically processes incoming data to make administrative tasks more effective and
efficient. And with the support of internet technology, you can also retrieve the required data in the
system in real-time.
2. Facilitate coordination
This system also provides information services that you can use for planning, monitoring and
administrative control. From the resulting information, data can be used by other departments or
departments in need.
Information systems also help management to delegate tasks to other parties easily. Coordination
between departments can also take place quickly without having to meet in person.
Of course, when information data is available accurately and quickly, this will affect the performance
of the company’s human resources.
Like it or not, HR who use this system must adapt their work system to technological advances.
Quality resources will undoubtedly affect the progress of your business development in the future.
4. Reduce operational costs
If MIS has worked for your company, this system will help minimise human error. With a minimal
number of errors, the productivity of existing human resources will also increase. Then at the same
time, conditions like this certainly reduce the company’s operational costs.