MIS

An organized approach to the study of the information needs of an organization's management at every level in making operational, tactical, and strategic decisions. Its objective is to design and implement procedures, processes, and routines that provide suitably detailed reports in an accurate, consistent, and timely manner. In a management information system, modern, computerized systems continuously gather relevant data, both from inside and outside an organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose.

 Management Information System

A management information system (MIS) is a broadly used and applied term for a three- resource system required for effective organization management. The resources are people, information and technology, from inside and outside an organization, with top priority given to people. The system is a collection of information management methods involving computer automation (software and hardware) or otherwise supporting and improving the quality and efficiency of business operations and human decision making. 

As an area of study, MIS is sometimes referred to as information technology management (IT management) or information services (IS). Neither should be confused with computer science.Management Information System (MIS)It is important to note that a management information system should not only indicate the status of a business’s conditions, but also indicate why the conditions are improving or deteriorating. For example, an MIS should report performance relative to cost and profitable or unprofitable projects, while identifying individual accountability – both current and past. This can be done only if such reports are based on constantly updated information accessible to those in authority who are responsible for assessing and assuring it is used for timely decision-making.Examples of the broad scope and varied contexts of MISs are:Decision support systems

Enterprise resource planning (ERP)

Supply chain management

Customer relationship management (CRM)

Project management

Executive information systems (EIS)

The term MIS and "information system" are often confused. Information systems, by themselves, are differentiated from the decision-making process. Of course, the data within them may facilitate the decision-making process. Management Information Systems (MIS) is the study of people, technology, and organizations. If you enjoy technology like iPhones, iPods, and Facebook, you have what it takes to major in information systems. All you need is an interest in technology and the desire to use technology to improve people's lives. Many people think that MIS is all programming. However, programming is just a small part of our curriculum and there are many, many jobs in MIS where you do not program.Everyone who works in business, from someone who pays the bills to the person who hires and fires, uses information systems. For example, a supermarket could use a computer database to keep track of which products sell best. And a music store could use a database to sell CDs over the Internet.Information isn’t worth much if it doesn’t serve a purpose. 

MIS students learn how businesses use information to improve the company’s operations. Students also learn how to manage various information systems so that they best serve the needs of managers, staff and customers. MIS students learn how to create systems for finding and storing data and they learn about computer databases, networks, computer security, and lots more.

Below are some common questions to help you find out more about management information systems. 

What’s the difference between MIS and CS (computer science)

It is useful to compare MIS to some of the other fields related to information technology.  There are at least three computer related departments and programs. The table below will help to show the differences.All of these are great majors; however MIS is the ONLY major that focuses on both business processes and information technology. If you are interested in business and technology, like theory but not too much, like technology enough to want to keep up with what's hot but don't want to be writing programs or putting together chips all your life, then MIS is for you.  We believe that the most upwardly mobile career path for those who like to work with business and technology is definitely in MIS.

Traits of MIS Professionals

There are a lot of different profiles, but there are some traits we've found make great MIS professionals. Do these describe you?  If so, then our MIS programs are for you!Are good problem solversLike to work with the people. 

MIS is the Management Information System. MIS is a computerized technology, person, organization, and relationship analysis. Organizations use MIS practitioners to measure the advantages of investing in staff, facilities and procedures. It is a people-oriented practice that encompasses computer techniques and services to interpret and analyse information in such a way that the results are accurate.

MIS is used at large organizations to plan of customer information and other data. MIS professionals are technically skilled and concentrate on company management and information technology. They are trying to maximize the investment.

Job opportunity after MIS

After the study of MIS candidate will have various career opportunity including,

System Analyst

Business Analyst

IT Consultant

System Developer

Business Application Developer

Information System Manage

Business Intelligence Analyst and so on.

Benefits of MIS study

Recognize weaknesses and strengths in the organization.

Act as a planning instrument.

Provide a summary of all the activity of the organization.

Collect and analyse customer knowledge concerning forward correlations.

DP(Data Processing)

The full form of DP is Data Processing. DP is a technology that involves a computer program to process and organize data, typically a large volume of numerical data. It can also be used for handling, analyzing, measuring, sorting, and storing data. Simply put, it is the transformation of raw data into usable information via a mechanism involving computer networks, software and so on.

In general, organizations utilize computer devices and applications to conduct a set of activities by manipulating raw data to obtain details. It presents the insightful output data in the form of diagrams, documents and graphics and so on. A broad range of applications for processing the data is commercially available. A few are MS Excel and Word, PowerPoint and so on.

Some processes include data processing.

Validation – A method guarantees the safe, accurate and usefulness of the data supplied.

Sorting – it’s being used to organize increasing or decreasing objects in some series.

Summary – Used to minimize the comprehensive data to its key points.

Aggregation – It combines several pieces of information.

Analysis – It uses advanced and very accurate algorithms and mathematical calculations.

Classification – Used to classify data into various groups.

Management Information System (MIS)

Emerging Digital FirmA digital form is one in which nearly all of the organization's significant business relationships withcustomers, suppliers and employers are digitally enabled and mediated. Core business processes areaccomplished through digital networks spanning the entire organization or linking multiple organizations.

Management Information System is the information system at the management level of anorganization that senses the function of planning, controlling and decision making by providing routinesummary reports and exception reports. MIS helps management level of organization by providing requiredreports and in some cases online access to the organization current performance and historical records.

MIS is the study of people, technology organization and the relationships among them.

Objectives of MIS

• For efficient and effective planning and controlling function
• To generate summary reports and exception reports
• To control the cost
• Making comparison between actual performance and standard performance.
• Identifying organizational strength.
• To generate reports on production statistics

Limitations of MIS

• Expensive
• Need of employee training
• Inflexible in nature
• Information flows

An information system is a system that gathers data and disseminates information with the sole purpose ofproviding information to its users.

Management Information System MIS

A MIS is an information system that evaluates, analyzes, andprocesses an organization's data to produce meaningful and useful information based on which managementcan take right decisions to ensure future growth of the organization.

Management: Management covers the planning, controlling and administration of the operations of aconcern. The top management handles planning; the middle management concentrates on controlling and thelower management is concerned with actual administration.

Information: Information is the processed data that helps the management in planning, controlling andoperations. Data means all the facts arising out of the operations of a concern. Data is processed i.e.recorded, summarized, compared and finally presented to the management in the form of MIS report.

System: Data is processed into information with the help of a system. A system is made up of inputs,processing, output and feedback or control.Thus, MIS means a system for processing data in order to give proper information to themanagement for performing its functions.

Management Information System

MIS can be defined as a formal method of collecting timely information in a presentable form in order to facilitate effective decision making and implementation in order to carry out organizational operations for the purpose of achieving the organizational goal. A management information system is a system design to provide selected decision – orientation information needed by management plan, control and evaluate the activities of the corporation. It is designed within the frame work that emphasizes profit, planning, performance planning and control at all levels. It complements the ultimate integrationof required business information sub system both financial with in the company.

According to Philip kolter- A marketing information system consist of people, equipment and procedures together, sort, analyse, evaluate and distribute the needed timely and accurate information and marketing decision makers.

Professor Allen S. Lee states that research in the information system field examines more than the technological system,or just the social system or even the two side by side in addition it investigates the phenomena that emerge when the two interact.An information system can be any organized combination of people, hardware, software, communication network and data resources that collects, transforms and disseminates information in an organization.

Purpose of Management Information System 

Information processing is a major social activity. A significant part of an individual’s working and personal time is spent in recording, searching for, and absorbing information, as much as 80% of a typical executive’s time is spent on processing and communication information. Their duties involve the production and use of information outputs documents, reports, analysis, plans,etc. 

The system provides information on past, present, and project future and on relevant events inside and outside the organization in the society it may be define as planned and integrated system for gathering relevant data,coverting it in to right time. The main purpose of management information system is to provide the right and correct information to the right people at right time.

Another important purpose of management information system is that it is needed by all business organization because of increased complexity and rate of change of today’s business environment for example marketing manager needs information about sales performance and trends financial manager needs information on returns, production manager needs information analyzing resources requirement and workers productivity and personnel manager needs information analyzing resources requirements and workers productivity and personnel manager needs information concerning employee compensation and professional development. thus effective managers with the specific marketing,financial,production and personnel information, and products they require to support their decision making responsibilities.

Management information system concept is a vital to effective computer use in business of two or major reason:

• It serves as a system framework for organizing business computer applications. business application of computer should be viewed as interrelated and integrated computer based information system and not as independent data processing job.
• It emphasized the management orientation of electronics information processing in business the primary goal of computer based information should be the processing of data generated by business operations.

Advantages of Management Information System

1. Management information system helps the managers to make planning and control decision.
2. Facilitated planning- management information system improves the quality of plants by providing relevant information for sound decision making due to increase in size and complexity of organization managers have lost personal contact with the scenes of operations.
3. Minimize information overload- management information system changes the larger amount ofdata into summarized form and thereby avoids the confusion which may arise when manager areflooded with detailed facts.
4. Bring coordination-management information system facilities integration of specialized activities by keeping each department aware of the problem and requirement of their department. it connect all decision centers in the organization.
5. Make control easier-it serves as a link between managerial planning and control. It improves the ability of management to evaluate and improve performance. The use of computers has increased the data processing and storage capability and reduces the cost.
6. Management information system assembles, processes.stores, retrie, evaluate, and disseminate the information.
7. It insure that appropriate data is collected from the various sources, processed, and sent further to all the needy destinations.
8. Management information system helps in strategic planning, management control, operational control and transaction processing.
9. It helps the clerical personnel in the transaction processing and answer their queries on the data pertaining to the transaction the status of a particular record and reference on a variety of documents.

Objectives of Management Information System

1. Management information system main objective is to attain the transaction processing of data of an organization effectively. Transaction processing is applied in conversion and analysis of raw data.
2. Management information system is the management of marketing, fiancé, production, and the personnel becomes better trained which result in his efficiency.
3. Management information system is in making the forecasting and long term prospective planning more effective.
4. It tries to create a structured database in knowledge base for all the people in the organization.

Models/ Types of Management Information Systems

1. Accounting management information systems - All levels of accounting managers share all accounting reports. 
2. Financial management information systems - It provide financial information to all financial managers within an organization include the chief financial officer. The chief financial officer. The chief financial officer analyzes historical and current financial activity.
3. Manufacturing management information systems - More than any functional area great advancein technology have impacted operations, as a result manufacturing operations have changed. Forinstance, inventories are provided just in time so that great amounts of money are not spent for warehousing huge inventories in some instance raw material are even proceeds on rail load cars waiting to be sent directly to the factory thus there is no need for warehousing.
4. Marketing management information system - A marketing management information system support managerial activity in the area of product development, distribution, pricing decision, promotional effectiveness and sales forecasting more than any other functional area.
5. Human resource management information system - It concern with activity related workers, managers and other individual employed by an organization because the personnel function relates to all other areas in business the human resource management information system playa a valuable role in ensuring organization system include work-force analysis and planning, hiring, training, and job assignment.
6. Structure of management information system - The management information system has been described in terms of support for decision making management activity and organization functions.
7. Conceptual structure - The conceptual structure of a management information system is defined as a federation of functional subsystem each of which is divided into four major information processing components transaction processing, operational control information system support, managerial control information system, managerial control information system and strategic planning information system which has some unique data files which are used by only that sub system.
8. Physical structure - The physical structure of an management information system would be identical to the conceptual structure of all applications consisting of completely separate programs used by only one function but this is frequently not the case substantial information can be achieved from

1 - Integrated processing

2 - Use of common modules 

Integrated processing is achieved by designing several related applications as a single system in order to simplify the interconnection and reduce the duplication of input. A good example is an order entry system. The recording of an order initiates a sequence of processing. Each step usingnew data but also most of the data from prior processing. In other words, an integrated order entry system crosses functional boundaries.