Mis model

A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company. It is usually also possible to obtain special reports from the system easily. The main purpose of the MIS is to give managers feedback about their own performance; top management can monitor the company as a whole. Information displayed by the MIS typically shows "actual" data over against "planned" results and results from a year before; thus it measures progress against goals. The MIS receives data from company units and functions. Some of the data are collected automatically from computer-linked check-out counters; others are keyed in at periodic intervals. Routine reports are preprogrammed and run at intervals or on demand while others are obtained using built-in query languages; display functions built into the system are used by managers to check on status at desk-side computers connected to the MIS by networks. Many sophisticated systems also monitor and display the performance of the company's stock.

1. MANAGEMENT INFORMATION SYSTEM MODEL Dr.SNS RAJALAKSHMI COLLEGE OF ARTS AND SCIENCE COIMBATORE-49 (AUTONOMOUS) Accredited by NAAC (Cycle-III) with ‘A+’ Grade

2. CONTENTS Introduction MIS MODEL Components OF MIS Conclusion 2

3. Define: An integrated user-machine system for providing information to support operations, management and decision making functions in an organization. The system utilizes computerized and manual procedures; models for analysis, planning, control and decision making; and a database.” 3 INTRODUCTION of MIS

4. Decision makers need information to make effective decisions.   MIS systems facilitate communication within and outside the organization. Record keeping 4

5. 5 MIS MODEL

6. 6 Define the problem and the factor that influence it. Select criteria to guide the decision and establish objectives. Formulate a model that helps management to understand the relationships between the influence factors and the objectives the firm is trying to achieve. Collect the relevant data while trying to avoid the incorporation of superfluous information into the model. Identify and evaluate the alternatives. Select the best alternative. Implement the alternative. Steps of Model Construction

7. 7

8. 8 Components of MIS Model Organizational Problem Solvers: Outputs are used by persons who are responsible for solving the firm’s. Database: It’s contents are used by software that produces report as well as mathematical model. Mathematical Model: It produces information as a simulation of firm’s operation. Report Writing Software: It produces both periodic and special report. Environment: The environment is of great importance to the firm. It is the very reason of the firm’s existence.

9. 9 Advantages: Can be a learning experience. Provides predictive power. Less expensive than trial and error method. Speed allows consideration of more options. Disadvantages: Difficult to model a business system. High degree of mathematical skills required.

10. 10 MIS flexible enough to deal with changing information needs of the organization. The designing of such a system is a complex task. It can be achieved only if the MIS is planned. We understand this planning and implementation in management development process. CONCLUSION

11. 11 THANKS! Any questions? You can find me at: @username [email protected]