Management Information System

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Management Information System Introduction At the start, in businesses and other organizations, internal reporting was made manually and only periodically, as a by-product of the accounting system and with some additional statistics, and gave limited and delayed information on management performance. In their infancy, business computers were used for the practical business of computing the payroll and keeping track of accounts payable and accounts receivable. As applications were developed tha
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  Management InformationSystem  Introduction At the start, in businesses and other organizations, internalreporting was mademanuallyandonly periodically, as a by-product of  the accounting system and with some additional statistics , and gavelimitedanddelayed informationon management performance. In their infancy, business computers were used for the practicalbusiness of computing the payrolland keeping track of accounts payableandaccounts receivable. As applications were developed that provided managers withinformation about  sales , inventories , and other data that would helpin managing the enterprise, the term MIS arose to describe thesekinds of applications. Today, the term is used broadly in a number of contexts and includes (but is not limited to): decision support systems, resource and people management applications, project management and database retrieval application.  D efinition According to Philip Kotler A marketinginformation system consists of people, equipment, andprocedures to gather, sort, analyze, evaluate, and distributeneeded, timely, and accurate information to marketingdecision makers.   E lements to Management Information Systems  DATA -The data input to the system must be as accurate as it can be, subject to its costsand timescales for capture. It should then be stored in the most logical way. This oftendiffers from how the data is input. The data then needs to be summarized to createinformation in a way that best meets the needs of the systems users -this may not necessarily be the most logical way or the easiest or cheapest for the IT team.  PEOPLE -People are involved both in capturing the data and in exploiting theinformation. It is important to motivate those who capture the data by highlighting thevalue that the exploited data brings to the organization.  H  ARDWAR E -In a small organization, the MIS may run on just the sales or financedirectors PC. In larger businesses, it usually runs on a server, shared or dedicated, withInternet or intranet access for those who need it. It is unusual to require specializedsoftware.  S OF TWAR E -The simplest MIS can be built using standard software. However, most MISuse specialized software, which has the most common features of an MIS already built in.The developer configures this by describing the database and its structure, where thedata comes from, how to summarize the data and what standard queries will berequired.
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