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    The document discusses key concepts related to management information systems (MIS). It defines MIS as a combination of people, computers, and procedures for collecting, processing, storing, and disseminating data to facilitate decision making. The document outlines different types of MIS like transaction processing systems, operations information systems, and decision support systems. It also discusses enterprise resource planning (ERP) systems, vendor managed inventory, business intelligence, radio frequency identification (RFID), and benefits of these systems.

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    4m Net

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    Archita Sarma
    167 views20 pages
    The document discusses key concepts related to management information systems (MIS). It defines MIS as a combination of people, computers, and procedures for collecting, processing, storing, and disseminating data to facilitate decision making. The document outlines different types of MIS like transaction processing systems, operations information systems, and decision support systems. It also discusses enterprise resource planning (ERP) systems, vendor managed inventory, business intelligence, radio frequency identification (RFID), and benefits of these systems.

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    The document discusses key concepts related to management information systems (MIS). It defines MIS as a combination of people, computers, and procedures for collecting, processing, storing, and disseminating data to facilitate decision making. The document outlines different types of MIS like transaction processing systems, operations information systems, and decision support systems. It also discusses enterprise resource planning (ERP) systems, vendor managed inventory, business intelligence, radio frequency identification (RFID), and benefits of these systems.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    167 views20 pages

    4m Net

    Uploaded by

    Archita Sarma
    The document discusses key concepts related to management information systems (MIS). It defines MIS as a combination of people, computers, and procedures for collecting, processing, storing, and disseminating data to facilitate decision making. The document outlines different types of MIS like transaction processing systems, operations information systems, and decision support systems. It also discusses enterprise resource planning (ERP) systems, vendor managed inventory, business intelligence, radio frequency identification (RFID), and benefits of these systems.

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    12/08/2021 MFM, Semester-II 1

    12/08/2021 MFM, Semester-II 2


    • Refers to information that is timely, accurate and relevant
    in relation to a particular situation.
    • Helps managers decide what to do in a particular situation.

    • Made up of interdependent components that form a whole


    system.
    • Each component serves a specific purpose & at the same time
    interacts with other components to pursue a common goal.
    12/08/2021 MFM, Semester-II 3
    • An MIS can be defined as a combination of people,
    computers and procedures for collecting and organizing
    information to facilitate decision making

    • An 'MIS' is a planned system of the collecting, processing,


    storing & disseminating data in the form of information
    needed to carry out functions of management.

    12/08/2021 MFM, Semester-II 4


    12/08/2021 MFM, Semester-II 5
    • Transaction Processing Systems

    • Operations Information Systems

    • Decision Support Systems (DSS)

    • Expert Systems and Artificial Intelligence

    12/08/2021 MFM, Semester-II 6


    • Core Competencies

    • Enhance Supply Chain Management

    • Quick Reflexes

    12/08/2021 MFM, Semester-II 7


    • MIS Expense

    • Employee Training

    • MIS Flexibility

    • Information Flaws

    12/08/2021 MFM, Semester-II 8


    12/08/2021 MFM, Semester-II 9
    12/08/2021 MFM, Semester-II 10
    • ERP is principally an integration of business
    management practices and modern technology.

    • ERP is an amalgamation of three most important


    components:
    •
    1. Business Management Practices,
    2. Information Technology
    3. Specific Business Objectives.

    12/08/2021 MFM, Semester-II 11


    ERP is a massive software architecture that supports the
    streaming and distribution of geographically scattered
    enterprise wide information across all the functional units of
    a business house.

    12/08/2021 MFM, Semester-II 12


    • Vendor Managed Inventory is a continuous
    replenishment program that uses the exchange of
    information between the retailer and the supplier to
    allow the supplier to manage and replenish
    merchandise at the store or warehouse level.

    • In this program, the retailer supplies the vendor with the


    information necessary to maintain just enough
    merchandise to meet customer demand.

    12/08/2021 MFM, Semester-II 13


    • Reduced inventory •Improved visibility results
    in better forecasting
    • Reduced stock-outs •Reduces PO errors &
    potential returns
    • Reduced forecasting &
    •Improvement in SLA
    purchasing activities
    •Encourages supply chain
    • Increase in sales cooperation
    12/08/2021 MFM, Semester-II 14
    12/08/2021 MFM, Semester-II 15
    Business Intelligence (BI) refers to skills, processes,
    technologies, applications and practices used to support
    decision making.

    BI uses technologies, processes, and applications to analyze


    mostly internal, structured data and business processes
    while competitive intelligence, is done by gathering,
    analyzing and disseminating information with or without
    support from technology and applications

    12/08/2021 MFM, Semester-II 16


    12/08/2021 MFM, Semester-II 17
    • Includes wireless data capture and transaction
    processing.
    This technology provides additional functionality& benefits
    for product authentication.
    RFID applications include:
    . Inventory management (raw materials, work in progress,
    and finished goods)
    . Improved efficiencies in the shipping and receiving of goods
    . Reduction in 'shrinkage' (loss of goods or assets)
    . Reducing 'out of stock' situations
    . Asset and resource tracking proving quality control
    . Improving quality control
    12/08/2021 MFM, Semester-II 18
    12/08/2021 MFM, Semester-II 19
    12/08/2021 MFM, Semester-II 20

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