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A Management Information System

A management information system (MIS) provides managers with information from other systems to help manage an organization effectively. It analyzes operational systems and uses data to generate reports on things like sales, inventory, and performance. An MIS involves collecting, processing, storing, and sharing necessary data in the form of information to support management functions and decision making through systems like decision support, resource planning, and customer relationship management. It should integrate with a business's long-term plan and provide real-time performance reporting to help optimize processes.

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48 views

A Management Information System

A management information system (MIS) provides managers with information from other systems to help manage an organization effectively. It analyzes operational systems and uses data to generate reports on things like sales, inventory, and performance. An MIS involves collecting, processing, storing, and sharing necessary data in the form of information to support management functions and decision making through systems like decision support, resource planning, and customer relationship management. It should integrate with a business's long-term plan and provide real-time performance reporting to help optimize processes.

Uploaded by

rashmiseshadri2
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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A management information system (MIS) is a system that provides information needed to

manage organizations effectively [1]. Management information systems are regarded to be a


subset of the overall internal controls procedures in a business, which cover the application of
people, documents, technologies, and procedures used by management accountants to solve
business problems such as costing a product,service or a business-wide strategy. Management
information systems are distinct from regular information systems in that they are used to
analyze other information systems applied in operational activities in the organization.[2]
Academically, the term is commonly used to refer to the group of information management
methods tied to the automation or support of human decision making, e.g. Decision Support
Systems, Expert systems, and Executive information systems.[2]

Overview

Initially in businesses and other organizations, internal reporting was made manually and only
periodically, as a by-product of the accounting system and with some additional statistic(s), and
gave limited and delayed information on management performance. Previously, data had to be
separated individually by the people as per the requirement and necessity of the organization.
Later, data was distinguished from information, and so instead of the collection of mass of data,
important and to the point data that is needed by the organization was stored.

Earlier, business computers were mostly used for relatively simple operations such as tracking
sales or payroll data, often without much detail. Over time, these applications became more
complex and began to store increasing amount of information while also interlinking with
previously separate information systems. As more and more data was stored and linked man
began to analyze this information into further detail, creating entire management reports from the
raw, stored data. The term "MIS" arose to describe these kinds of applications, which were
developed to provide managers with information about sales, inventories, and other data that
would help in managing the enterprise. 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.

An 'MIS' is a planned system of the collection, processing, storage and dissemination of data in
the form of information needed to carry out the management functions. In a way, it is a
documented report of the activities that were planned and executed. According to Philip Kotler
"A marketing information system consists of people, equipment, and procedures to gather, sort,
analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision
makers." [3]

The terms MIS and information system are often confused. Information systems include systems
that are not intended for decision making. The area of study called MIS is sometimes referred to,
in a restrictive sense, as information technology management. That area of study should not be
confused with computer science. IT service management is a practitioner-focused discipline.
MIS has also some differences with ERP which incorporates elements that are not necessarily
focused on decision support.
Any successful MIS must support a business's Five Year Plan or its equivalent. It must provide
for reports based upon performance analysis in areas critical to that plan, with feedback loops
that allow for titivation of every aspect of the business, including recruitment and training
regimens. In effect, MIS must not only indicate how things are going, but why they are not going
as well as planned where that is the case. These reports would include performance relative to
cost centers and projects that drive profit or loss, and do so in such a way that identifies
individual accountability, and in virtual real-time.

Anytime a business is looking at implementing a new business system it is very important to use
a system devlopment method such as System Development Life Cycle. The life cycle includes
Analysis, Requirements, Design, Development, Testing and Implementation.

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