Management Information Systems

Submitted by:Nahidh N.A S1 MBA

 A management information system (MIS) is a system that provides information needed to manage organizations effectively. Management information systems involve three primary resources: technology, information, and the most important resource is people. 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 business-wide strategy. MIS are distinguished from regular information systems in that they are used to analyze other information system applicable in operational activities in the organization.

TYPES OF MANAGEMENT INFORMATION SYSTEMS

There are mainly four types of information management systems such as:
Transaction Processing Systems

Management Information Systems

DecisionSupport Systems Executive Support Systems

1. TRANSACTION PROCESSING SYSTEMS (TPS)

TPS collect and record the routine transactions of an organization.

The examples for such systems are sales order entry, hotel reservations,payroll,employee record keeping, and shipping.

2. MANAGEMENT INFORMATION SYSTEMS(MIS)

MIS produce fixed, regularly scheduled reports. Based on data extracted and summarized from the

firms underlying transaction processing systems

(TPS) to middle and operational level managers to provide answers to structured and semi-structured decision problems.

3. DECISION_SUPPORT SYSTEMS (DSS)

o DSS are computer program applications used by middle management to compile information from a wide range of sources to solve problems and make

decisions

4. EXECUTIVE SUPPORTSYSTEMS (ESS)

It is a reporting tool that provides quick access to

summarized reports coming from all company and departments such as accounting, human resources and

operations

ADVANTAGES OF MANAGEMENT INFORMATION SYSTEMS

Some of the benefits that can be attained for the different types of information management systems are: The company is able to highlight their strength and weaknesses due to the presence of revenue reports, employee performance records etc. The identification of aspects can help them the company to im prove their business processes and operations. .

The availability of the customer data and feedback can help the company to align their business

processes according to the needs of the customers.

The effective management of customer data can help the company to perform direct marketing and

promotion activities.
Information is considered to be an important asset for any company in the modern competitive world. The consumer buying trends and behaviors can be predicted by the analysis of sales and revenue

reports from each operating region of the company