AN OFFERING AT HIS LOTUS FEET

TOPIC OF PRESENTATION:
MANAGEMENT INFORMATION SYSTEMS

PRESENTED BY BODY-GUARDS:
R. CHARAN TEJA ABHIJAY SITOKE ROHITH SHETTY ADITYA UPADHYAY HARISH. C

AGENDA
BASIC COMPONENTS OF MIS & MANAGEMENT SCIENCE. FEATURES AND IMPORTANCE OF MANAGEMENT WITH RESPECT TO MIS. CONCEPTUAL ANALYSIS OF MIS. LEVELS OF MANAGEMENT AND MIS. ROLE AND EFFECT OF COMPUTERS IN MIS. ROLE OF ERP IN MIS.

Management Information Systems

Management information systems focuses on designing and implementing computer-based information systems for business organizations. An MIS provides managers with information and support for effective decision making, and provides feedback on daily operations.
Output, or reports, are usually generated through accumulation of transaction processing data. Each MIS is an integrated collection of subsystems, which are typically organized along functional lines within an organization.

A management information system

A management information system (MIS) is a tool that provide information to support management and decision making. Management information is an important input at every level in the organization /e.g. for planning, implementation, monitoring and controlling/. The system utilizes computers, manual procedures/ guidelines/ and a database.

A management information system

Good MIS system should meet the following five elements timeliness, accuracy, consistency, completeness, and relevance. Timeliness:- MIS should be capable of providing and distributing current information to appropriate users. Information systems should be designed to speed up reporting. Accuracy:- A sound system of automated and manual internal controls /quality control/ must exist throughout all information processing. /there should be a clear quality assurance methodology and trained quality control staffs/

A management information system

Consistency :- Data should be processed and compiled consistently and uniformly at all level. Variations in data collection and reporting method can distort information. /the time and method of data collection between different VDC or LIU should be the same. Completeness:- Decision makers need complete and pertinent information in a summarized form. /all the necessary data can be collected. Relevance:- Information provided to management must be relevant.

Management Information Systems (MIS)

Problem Solving Approaches

Managers tend to use a qualitative approach to problem solving when

1.The problem is fairly simple. 2.The problem is familiar. 3.The costs involved are not great.

Managers tend to use a quantitative approach when

1.The problem is complex. 2.The problem is not familiar. 3.The costs involved are substantial. 4.Enough time is available to analyze the problem

Quantitative Approach
It includes the application of statistics, optimization models, information models and computer simulations. More specifically, this approach focuses on achieving organizational effectiveness. Three main branches:
Management Science Operations Management and Management Information Systems.

Management Science
It stresses the use of mathematical models and statistical methods for decision-making. Another name is the Operations Research, quantitative management.

The Importance of Management Science

Management science The discipline of applying advanced analytical methods to help make better decisions. Devoted to solving managerial-type problems using quantitative models Applications of management science Forecasting, capital budgeting, portfolio analysis, capacity planning, scheduling, marketing, inventory management, project management, and production planning.

Operations Management
It deals with the effective management
of the production process and the

timely delivery of an organizations

products and services.

Advantages of the Quantitative Approach Directs attention to the essence of an analysis: to solve a specific problem. Improves planning which helps prevent future problems Results in more objective decisions than purely qualitative analysis. Incorporates advances in computational technologies to managerial problem-solving.

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What is MIS
Information Systems components

Hardware desktops, laptops, PDAs Software operating systems, application programs Data facts and figures entered into computers Procedures how the other four components are used People users, technologists, IS support