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1. MIS

Definitions, Basic concepts

and frameworks

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Definition

MIS is a system that aids managementin making, carrying out and controlling

decisions. MIS consists of people,equipment and procedure to gather,sort, analyze, evaluate and distribute

timely and accurate information to the

decision maker.

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Nature of MIS

Report orientation

Action oriented

Expectation oriented Database oriented

End-user oriented

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A schematic

Corporate

databases

of

internal

data

Databases

of

externaldata

Databasesof

valid

transactions

Operational

databases

Transaction

processing

systems

Management

information

systems

Decision

support

systems

Executive

support

systems

Expert

systems

Businesstransactions

Input and

error list

Drill-down reports

Exception reports

Demand reports

Key-indicator reports

Scheduled

reports

Employees

Corporate

intranet

Application

databases

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Inputs to a MIS

Strategic plan or corporate policies Contains major financial objectives and often

projects financial needs.

Transaction processing system (TPS) Important financial information collected fromalmost every TPS - payroll, inventory control,order processing, accounts payable, accountsreceivable, general ledger.

External sources Annual reports and financial statements of

competitors and general news items.

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Output of a MIS

Scheduled reports Produced periodically, or on a schedule (daily,

weekly, monthly)

Key-indicator report Summarizes the previous days critical activities

Typically available at the beginning of each day

Demand report Gives certain information at a managers request

Exception report Automatically produced when a situation is unusual

or requires management action

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Subsystems of MIS

Financial

Manufacturing

Marketing Human Resources

Geographic MISs

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Difference - DSS & MIS

DSS

High Level

Specific

Last level datamanipulation

Flexible

More advanced and

uses AI (ArtificialIntelligence)

MIS

Mid Low Level

Universal

Mid level datamanipulation

Format oriented

Less advanced and

uses emulatedenvironment

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TPS

A Transaction Processing System is a set ofinformation which processes the data transaction indatabase system that monitors transaction programs.

Features

Rapid response

Reliability

Inflexibility

Controlled processing