Use of computers and information technology in management control

This presentation discusses about use of computers and information technology in management control in Principles of Management

1. USE OF COMPUTERS AND IT IN
MANAGEMENT CONTROL
R.Arun Kumar, AP/Mech, RIT

2. USEOFCOMPUTERS INMANAGEMENT CONTROL :
1.Salesforecastandcontrol
SFAandCRM AfterSalesService
ExpenseManagement Payroll
R.Arun Kumar, AP/Mech, RIT

3. USEOFCOMPUTERS INMANAGEMENT CONTROL :
2.Accounting
R.Arun Kumar, AP/Mech, RIT

4. USEOFCOMPUTERS INMANAGEMENT CONTROL :
3.Personnelmanagementinformation
R.Arun Kumar, AP/Mech, RIT

5. USEOFCOMPUTERS INMANAGEMENT CONTROL :
4.Inventorycontrol
e.g.ChemistretailSoftware
R.Arun Kumar, AP/Mech, RIT

6. USEOFCOMPUTERS INMANAGEMENT CONTROL :
5.Banking
e.g.NationalElectronicFundTransfer
R.Arun Kumar, AP/Mech, RIT

7. USEOFITINMANAGEMENT CONTROL :
1.Management InformationSystem(MIS):
MISisusedfordecisionmakinginvariousfunctionalareasof
business.
R.Arun Kumar, AP/Mech, RIT

8. USEOFITINMANAGEMENT CONTROL :
MISisdefinedas‘asystemofobtaining,abstracting,storingand
analyzingdatatoproduceeffectiveinformationfortheusein
planning,controllinganddecisionmakingprocess’.
R.Arun Kumar, AP/Mech, RIT

9. USEOFITINMANAGEMENT CONTROL :
ObjectivesofMIS:
Providingrightinformationatrighttime
R.Arun Kumar, AP/Mech, RIT

10. USEOFITINMANAGEMENT CONTROL :
ObjectivesofMIS:
Toallocateappropriateresources
R.Arun Kumar, AP/Mech, RIT

11. USEOFITINMANAGEMENT CONTROL :
ObjectivesofMIS:
Toprovidesalesforecasting,planningandbettercontrolling
R.Arun Kumar, AP/Mech, RIT

12. USEOFITINMANAGEMENT CONTROL :
ObjectivesofMIS:
Toprovideinformationconfidentially
R.Arun Kumar, AP/Mech, RIT

13. USEOFITINMANAGEMENT CONTROL :
ObjectivesofMIS:
Toprovideadequateinformationforbettermanagerial
activities.
R.Arun Kumar, AP/Mech, RIT

14. USEOFITINMANAGEMENT CONTROL :
Pre–requisitesofMIS:
Informationmustbeclearandconcise.
R.Arun Kumar, AP/Mech, RIT

15. USEOFITINMANAGEMENT CONTROL :
Pre–requisitesofMIS:
Informationmustberelevanttobusinessorganization.
R.Arun Kumar, AP/Mech, RIT

16. USEOFITINMANAGEMENT CONTROL :
Pre–requisitesofMIS:
Informationmustbesimpleandunderstandable.
R.Arun Kumar, AP/Mech, RIT

17. USEOFITINMANAGEMENT CONTROL :
Pre–requisitesofMIS:
Informationmustfacilitatedecisionmakingandtaking
correctiveactions.
R.Arun Kumar, AP/Mech, RIT

18. USEOFITINMANAGEMENT CONTROL :
Pre–requisitesofMIS:
Informationmusthelpinsolvingcomplicatedproblems.
R.Arun Kumar, AP/Mech, RIT

19. USEOFITINMANAGEMENT CONTROL :
NeedforMIS:
1.Internalfactors:
Providesinformationaboutresourceavailability.
Providesinformationforpreparingbudgets,salesforecast,
marketingstrategies,etc.
Playsvitalroleinevaluatingtheoverallperformance.
R.Arun Kumar, AP/Mech, RIT

20. USEOFITINMANAGEMENT CONTROL :
NeedforMIS:
2.Externalfactors:
Providesinformationaboutgovernmentalpolicies,laws,etc.
Providesinformationabouteconomicscenario.
Providesinformationaboutrecenttechnologicalupgradation.
R.Arun Kumar, AP/Mech, RIT

21. USEOFITINMANAGEMENT CONTROL :
ResourcesusedinMIS:
R.Arun Kumar, AP/Mech, RIT

22. USEOFITINMANAGEMENT CONTROL :
InstallationofMIS:
Data collection
Data feeding
Data storage and retrieval
Data analysis
Output
Decision making
Implementation
R.Arun Kumar, AP/Mech, RIT

23. USEOFITINMANAGEMENT CONTROL :
FunctionsofMIS:
1.Determinationofinformationneed:
MISdetermines,kindofinformationrequired.
Identifiesthepersonwhorequirestheinformation.
Informationneededforvariousfunctionsoforganization
(planning,performanceevaluation,etc.)
R.Arun Kumar, AP/Mech, RIT

24. USEOFITINMANAGEMENT CONTROL :
FunctionsofMIS:
2.Informationgathering:
Internalsources:Documents,surveys,observation,operational
manual,etc.
Externalsources:Referencejournals,newspapers,surveillance,
etc.
R.Arun Kumar, AP/Mech, RIT

25. USEOFITINMANAGEMENT CONTROL :
FunctionsofMIS:
3.Processing:
Processingincludesevaluation,abstraction,dissemination
andstorage.
R.Arun Kumar, AP/Mech, RIT

26. USEOFITINMANAGEMENT CONTROL :
FunctionsofMIS:
4.Informationusage:
Usagedependsonfactorslikeaccuracy,timelysupplyand
format.
R.Arun Kumar, AP/Mech, RIT

27. USEOFITINMANAGEMENT CONTROL :
ToolsofMIS:
Speechrecognitionsoftware
Networkserver
R.Arun Kumar, AP/Mech, RIT

28. USEOFITINMANAGEMENT CONTROL :
RoleofMISinmanagement:
1.Strategicplanning:
R.Arun Kumar, AP/Mech, RIT

29. USEOFITINMANAGEMENT CONTROL :
RoleofMISinmanagement:
2.Tacticalplanning:
R.Arun Kumar, AP/Mech, RIT

30. USEOFITINMANAGEMENT CONTROL :
RoleofMISinmanagement:
3.Operationalplanning:
R.Arun Kumar, AP/Mech, RIT

31. USEOFITINMANAGEMENT CONTROL :
ApplicationsofMIS:
1.Marketing
Salesplanningandforecasting.
R.Arun Kumar, AP/Mech, RIT

32. USEOFITINMANAGEMENT CONTROL :
ApplicationsofMIS:
2.Manufacturing
Productionplanningandcostcontrol.
R.Arun Kumar, AP/Mech, RIT

33. USEOFITINMANAGEMENT CONTROL :
ApplicationsofMIS:
3.Logistics
Inventorycontrol.
R.Arun Kumar, AP/Mech, RIT

34. USEOFITINMANAGEMENT CONTROL :
ApplicationsofMIS:
4.Financeandaccounting
Revenueandexpendituredetails.
R.Arun Kumar, AP/Mech, RIT

35. USEOFITINMANAGEMENT CONTROL :
ApplicationsofMIS:
5.Topmanagement
Policyformulation,resourceallocation.
R.Arun Kumar, AP/Mech, RIT