Management Information Systems is a system comprising of software and hardware used for processing information automatically. Generally, In a organizations MIS System enables individuals access and make changes to information. In almost all the organizations, the MIS mainly performs tasks in the backend, and the users are rarely associated or fully aware of the operations that are performed by the MIS. From a business point of view MIS and the information generated from it enables the organisation in making decisions and are considered important components
What is a management system?
A Management System is a framework established on a structured integration of best practice into operating systems – frequently built around the Plan, Do, Check, Act cycle.
The business works with a shared vision as a unit, allowing them to transfer information, share date, creating benchmark, working as team and with an object of excellent quality and environmental principles. So the management system allows the organization to reach these targets by means of processes optimization, managing focus and discipline of management thinking.
BSI Management Systems is a system that offers registration allowing organizations to attain performance improvements continuously in the various sectors of risk management and business performances; this can be done by registering the organisation management systems.
Five Attributes for Management Information System
Fixed and standard formats reports
Reports consisting Hard copies and soft copies
Usage of internal data saved in the system
Allowing the end users to develop or modify custom reports
Users requires to send request
What is Information system and Why to use Management Information System?
Processing business orders by using computer system or application can be considered a management information system because it is allowing or helping the system users in processes of orders automatically.
Many examples of management information systems like websites that enable and performs transactions for organizations or helping users as a support for requests. A simple example of a management information system can be the companies’ website for a product can be a MIS as it communicates or builds a platform for transferring information to the end user after the user updates input in the system
Management Information Systems consists of its own support system delivering function and also maintain systems, updating and implement the new technologies in a company. These positions are specialised and allowing a group to focus on various sectors within the computer system.
Many colleges and universities have started offering programs related to management information systems.
Types of Management Information System
Transaction-Processing Systems (TPS)
Transaction-processing systems handle recurring transactions in a large volume. It was first introduced in the 1960s with the approach of mainframe computers. Transaction-processing systems used widely today.
TPS is used in maintaining record of accounts deposits and payments of bank. In a supermarket it is used to maintain record of inventory sales and track. For managers it is used as systems to deal with tasks as payroll, customer billing and payments to suppliers.
Operations Information Systems (OPS)
Operations information systems were introduced later after the transaction-processing systems. Gathering comprehensive data and organising it and summarising it in a useful form suitable for managers. Accessing data from a transaction-processing system and into a usable form. Obtain sales, accounting, inventory and other performance-related information is useful for managers by means of operations information systems.
Decision Support Systems (DSS)
Manager’s uses DSS as an interactive computer system without a need of computer specialists. It enables the managers with the required information to make an informed and appropriate decision.
A DSS has three components
Database management system (DBMS), is designed to tackle, and stores large amounts of data relevant to problems.
Model-based management system (MBMS), transforming data from the DBMS into information helping in decision-making.
Dialog generation and management system (DGMS), which provides a platform and a user-friendly interface for the managers and the systems ,basically useful for a manager who don’t have advanced computer training.
Expert Systems and Artificial Intelligence (ESA)
Expert systems and artificial intelligence is information solving problems captured human knowledge that involves human expertise. The following has to be followed with mocking human expertise and intelligence: recognizing the computer is required, formulating, and solving a problem; explanation for solutions; and learning from experience. User is provided with the advice by the systems explaining the logic; hence, in enabling the users to solve problems they also serving as a teacher. Hence offering flexible processes thinking and new knowledge.
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With use of processing of information and use of electronic communication is a loss to human element now a days it has be become a problem. At times, information is complex; an MIS report may not give effective results it further leading to inappropriate summarizing. To run a enterprise rich and high quality information is needed for coordination, quantifying a specific information is not possible. For example, employee’s performance cannot be to evaluated only based on numbers given by an MIS. A face-to-face meeting is more effective while numbers can only gauge performance related issue, more importance should be given t to discussing the root cause of the problem.
Nature of Management Information System
Its very nature, management information is introduced to meet the specific
needs of individual and organisations. Resulting in requirements of information
depending on the size and complexity of the operations.
Systems used for small projects will not necessarily be perfect for larger institutions. However, regardless of size information needed or requirements are more or less same in almost all financial institutions. Complexity to support the decision-making processes
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