A Management Information System, or MIS, is a system that provides information for effective organization management. It is the system that helps people make decisions and provides them with information about how the organization works. The three fundamental resources of MIS are people, technology, and information.
Benefits of MIS MIS offers numerous advantages to organizations:
• Facilitates effective departmental coordination.
• The cost of labor is lower.
• Relevant data and documents can be accessed quickly and easily.
• Making decisions is simple and quick.
• Everyday activities are looked at and handled.
• It saves time.
• Revenue reports and employee performance records enable the business to highlight its strengths and weaknesses.
There are four types of management information systems that are used to manage the organization in an efficient and effective manner.
1. Systems for managing recurring transactions are referred to as transaction processing systems. Today, Transaction Processing Systems are widely used in Supermarkets and banks to monitor sales and inventory levels and to keep track of customer accounts. Additionally, these systems are assisting managers in the management of crucial tasks like supplier payment, billing, and payroll, among others. Choice Emotionally supportive networks
As name recommends, these are the frameworks which help in settling on Smart Choices . Managers can use this basic data to make necessary decisions. The fact that these systems can be utilized without the assistance of specialists is the best feature of them. Decision Support Systems is made up of three main parts:
• The Data Base Management System (D.B.M.S.) is the primary component that is utilized for the systematic storage of a significant quantity of essential data. The D.B.M.S. system stores data in rows and columns that can be easily accessed by users.
•The second part converts the stored data into information that can be used to make decisions. Model Based Management System (M.B.M.S.) is responsible for this data transformation.
• Since managers typically do not have computer training, DSS users As a result, they require a user-friendly interface to develop their insight. The Dialogue Generation and Management System (D.G.M.S.) is the third DSS component developed for this purpose. Managers and the system can communicate easily with this system. The primary goal of D.G.M.S. is to make it easier for users to benefit from D.S.S. 3. After the introduction of Transaction Processing Systems, Operation Information Systems were developed. These systems help managers by organizing the data from Transaction Processing Systems in a way that is useful. Using these systems, managers can monitor things like sales, performance, inventory, and other operations.
4. Artificial Intelligence and Expert Systems These systems use human expertise to make decisions based on the captured data. Expert systems imitate experts’ decision-making skills. For complex problems, these systems use flexible thinking processes. By demonstrating the logic behind their recommendations, these systems can also function as teachers.
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