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8/12/2019 MIS 1 Intro
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Basics of Information Systems
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CONTENTS Information ConceptsCharacteristics of Information
What is Information System?What is MIS?Functional Aspects of MIS
Outputs of MISCharacteristics of MIS
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Information Concepts: Data, Information, and Knowledge
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Data : raw facts Alphanumeric, image, audio, and video
Information : collection of facts organized in such a waythat they have additional value beyond the value of thefacts themselves
Value of Information is directly linked to how ithelps decision makers achieve their organizations goalsand can be measured in time required to make a decision Increased profits to the company
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Figure 1.2: The Process of Transforming Data into Information
Data, Information, and Knowledge
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The Characteristics of ValuableInformation
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Table 1.2: Characteristics of Valuable Information
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The Characteristics of ValuableInformation (continued)
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Table 1.2: Characteristics of Valuable Information (continued)
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What Is an Information System?
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Figure 1.3: The Components of any Information System
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Management Information System
MIS is a communication process which enables flow of information to berecorded, stored and retrieved for decisions on planning, operating theOrganization.
Input Processor Output
ReportsDecisions
InformationRecorded
StoredRetrievedProcessed
SummarisedClassified
Information
To plan,Operate& controlsystems
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Management information system (MIS)
An MIS provides managers with information and support for effectivedecision making, and provides feedback on daily operations.
Output or reports, are usually generated through accumulation oftransaction processing data.
Used for generating reports including inventory status reports,financial statements, performance reports etc.
Reports are essential for analyzing different aspects of business.
Help to answer 'what-if' questions like what would be the effect oncash flows of a company if the credit term is changed for its customersetc.
Each MIS is an integrated collection of subsystems, which are typically
organized along functional lines within an organization.
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Functional Aspects of MIS
MIS is an integrated collection of functional information systems, eachsupporting particular functional areas.
An Organizations MIS
MarketingMIS
Human
ResourcesMIS
AccountingMIS
Exception reports
Demand reportsKey-indicator reports
Scheduled reportsDatabasesof
external
data
Databasesof
validtransactions
Transactionprocessing
systems
Businesstransactions
Businesstransactions
Production& operation
MIS
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Outputs of a Management Information System
Scheduled reportsProduced periodically, or on a schedule (daily, weekly, monthly)
Key-indicator reportSummarizes the previous days critical activities Typically available at the beginning of each day
Demand reportGives certain information at a managers request Exception report
Automatically produced when a situation is unusual or requiresmanagement action.
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FunctionalBusinessSystem
Customer relationshipmanagementInteractive marketing
Sales force automation
Manufacturingresource planningManufacturingexecution systems
Process control
Compensation analysisEmployee skillsinventoryPersonnelrequirements
forecasting
Order processingInventory controlAccounts receivableAccounts payablePayrollGeneral ledger
Cash managementCredit managementInvestment managementCapital budgetingFinancial forecasting
Marketing
Human ResourceManagement
Production Operations
AccountingFinance
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Characteristics of MIS1. Comprehensive2. Integrated3. Co-ordinated
4. Transformation of Data into Information5. Relevant Information6. Conforming with ManagersStyles/Characteristics
7. Selective Sharing of Data8. Feedback
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