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Unit 1 2 Content

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Naman
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Unit 1: Management Information Systems (MIS)

1. Definition and Purpose of MIS


o MIS stands for Management Information Systems, a tool aiding managers in making quick, data-
driven decisions.
o Key challenges for managers include handling large volumes of information and making timely
decisions.
2. Basic Management Functions (POSDC)
o Planning: Deciding actions, timeline, and responsibilities.
o Organizing: Structuring activities and delegating duties.
o Staffing: Assigning the right people to the right jobs.
o Directing: Providing guidance and leadership.
o Controlling: Monitoring progress and correcting deviations.
3. Levels of Management
o Top Level: Focuses on strategic planning.
o Middle Level: Handles managerial control and decision rules.
o Lower Level: Ensures operational activities align with goals.
4. Information Characteristics and Economics
o Information should be relevant, timely, and cost-effective.
o There are costs associated with information systems: hardware, software, and operation costs.
5. Types of Information
o Environmental Information: Includes government policies, economic trends, and technological
changes.
o Competitive Information: Examines industry demand and competitors’ strategies.
o Internal Information: Data from within the organization, such as financial plans and supply
factors.
6. Classification of Information
o Action vs. Non-action, Documentary vs. Non-documentary, Internal vs. External.
7. Characteristics of MIS
o Management-oriented, directed, integrated, with a strong planning element, flexible, and easy to
use.
8. Applications and Benefits of MIS
o Applications: Strategic support, management by objectives, data processing.
o Benefits: Aids in decision-making, improves planning and control, enhances supply chain
management, and creates core competencies.

Unit 2: Functional Areas in MIS

1. Accounting Information Systems


o Types: Financial, Management, and Cost Accounting Systems.
o Key elements: Journals, ledgers, trial balance, profit and loss accounts.
2. Human Resource Information Systems (HRIS)
o Manages recruitment, training, payroll, and performance evaluations.
o Vital for payroll and employee information management.
3. Inventory Information Systems
o Ensures optimal stock levels for raw materials and finished goods.
o Key inputs include vendor and buyer data, while outputs include purchase orders, inventory
reports, and analysis reports.
4. Manufacturing Information Systems
o Supports functions like production scheduling and inventory management.
o Emphasizes agility to quickly adapt to changing production needs.
5. Marketing Information Systems
o Manages data for the marketing mix (product, promotion, place, and price).
o Outputs include product planning, sales forecasts, and budget allocations.
6. Quality Information Systems
o Supports quality goals, often embedded within other systems.
o Promotes quality certification and improvement through monitoring and reporting.
7. Research and Development (R&D) Information Systems
o Vital for creating innovative products and processes.
o Often classified as a strategic MIS, aimed at gaining competitive advantage.

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