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What Are Management Information Systems?

Management Information Systems (MIS) is focused on integrating computer systems with organizational goals and objectives. MIS assists executives and employees by processing information and producing reports to aid decision making. Key applications of MIS include strategy support through analyzing data and running simulations, fast data processing, and tracking measurable objectives for management by objectives. MIS provides benefits like enhanced understanding of markets and operations, improved supply chain management, and quicker responsiveness to changes.

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63 views

What Are Management Information Systems?

Management Information Systems (MIS) is focused on integrating computer systems with organizational goals and objectives. MIS assists executives and employees by processing information and producing reports to aid decision making. Key applications of MIS include strategy support through analyzing data and running simulations, fast data processing, and tracking measurable objectives for management by objectives. MIS provides benefits like enhanced understanding of markets and operations, improved supply chain management, and quicker responsiveness to changes.

Uploaded by

jsofv5533
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 DOC, PDF, TXT or read online on Scribd
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What are Management Information Systems?

Definition: Management Information Systems (MIS) is the term given to the discipline
focused on the integration of computer systems with the aims and objectives on an
organisation.

The development and management of information technology tools assists executives and
the general workforce in performing any tasks related to the processing of information.
MIS and business systems are especially useful in the collation of business data and the
production of reports to be used as tools for decision making.

Applications of MIS
With computers being as ubiquitous as they are today, there's hardly any large business
that does not rely extensively on their IT systems.

However, there are several specific fields in which MIS has become invaluable.

* Strategy Support

While computers cannot create business strategies by themselves they can assist
management in understanding the effects of their strategies, and help enable effective
decision-making.

MIS systems can be used to transform data into information useful for decision making.
Computers can provide financial statements and performance reports to assist in the
planning, monitoring and implementation of strategy.

MIS systems provide a valuable function in that they can collate into coherent reports
unmanageable volumes of data that would otherwise be broadly useless to decision
makers. By studying these reports decision-makers can identify patterns and trends that
would have remained unseen if the raw data were consulted manually.

MIS systems can also use these raw data to run simulations – hypothetical scenarios that
answer a range of ‘what if’ questions regarding alterations in strategy. For instance, MIS
systems can provide predictions about the effect on sales that an alteration in price would
have on a product. These Decision Support Systems (DSS) enable more informed
decision making within an enterprise than would be possible without MIS systems.

* Data Processing

Not only do MIS systems allow for the collation of


vast amounts of business data, but they also provide a
valuable time saving benefit to the workforce. Where
in the past business information had to be manually
processed for filing and analysis it can now be
entered quickly and easily onto a computer by a data
processor, allowing for faster decision making and
quicker reflexes for the enterprise as a whole.
Management by Objectives

While MIS systems are extremely useful in generating statistical reports and data analysis
they can also be of use as a Management by Objectives (MBO) tool.

MBO is a management process by which managers and subordinates agree upon a series
of objectives for the subordinate to attempt to achieve within a set time frame. Objectives
are set using the SMART ratio: that is, objectives should be Specific, Measurable,
Agreed, Realistic and Time-Specific.
The aim of these objectives is to provide a set of key performance indicators by which an
enterprise can judge the performance of an employee or project. The success of any MBO
objective depends upon the continuous tracking of progress.

In tracking this performance it can be extremely useful to make use of an MIS system.
Since all SMART objectives are by definition measurable they can be tracked through the
generation of management reports to be analysed by decision-makers.

Benefits of MIS

The field of MIS can deliver a great many benefits to enterprises in every industry.
Expert organisations such as the Institute of MIS along with peer reviewed journals such
as MIS Quarterly continue to find and report new ways to use MIS to achieve business
objectives.

Core Competencies

Every market leading enterprise will have at least one core competency – that is, a
function they perform better than their competition. By building an exceptional
management information system into the enterprise it is possible to push out ahead of the
competition. MIS systems provide the tools necessary to gain a better understanding of
the market as well as a better understanding of the enterprise itself.

Enhance Supply Chain Management

Improved reporting of business processes leads inevitably to a more streamlined


production process. With better information on the production process comes the ability
to improve the management of the supply chain, including everything from the sourcing
of materials to the manufacturing and distribution of the finished product.

Quick Reflexes

As a corollary to improved supply chain management comes an improved ability to react


to changes in the market. Better MIS systems enable an enterprise to react more quickly
to their environment, enabling them to push out ahead of the competition and produce a
better service and a larger piece of the pie.

Further information about MIS can be found at the Bentley College Journal of MIS and
the US Treasury’s MIS handbook, and an example of an organisational MIS division can
be found at the Department of Social Services for the state of Connecticut.
DBMS:1)In dbms no relationship concept
2)It supports Single User only
3)It treats Data as Files internally
4)It supports 3 rules of E.F.CODD out off 12 rules
5)It requires low Software and Hardware Requirements.
6)FoxPro, IMS are Examples

RDBMS:
1)It is used to establish the relationship concept between two database objects, i.e, tables
2)It supports multiple users
3)It treats data as Tables internally
4)It supports minimum 6 rules of E.F.CODD
5)It requires High software and hardware requirements.
6)SQL-Server, Oracle are examples

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