gh raisoni mba 1st year class3
TRANSCRIPT
Unit 3: Introduction to Information Systems and MIS
Revision :
• What is ISs?• What is TPS?• What is OAS?• What is DSS?• What is ESS/EIS?• Difference between MIS,DSS&ESS?
Agenda• MIS in functional areas like : Production, HR, Finance and
Marketing.
MIS in functional areas like :• Production• HR• Finance • Marketing.
Overview
Report Generator
Finance Department
HR Department
Marketing Department
Production Department
Before moving further
Lets understand it by practically
Practiced in class
MIS in Production• Production means transformation of Raw
materials into finished products for sale.
• According to E. L. Brech “Production Management is the process of
effective planning and regulating the operations of that section of an enterprise which is responsible for the actual transformation of materials into finished products”.
ROLE OF MIS IN PRODUCTION
OPERATIONAL
TACTICAL
STRATEGIC
Strategic Information This type of information is required at the top or senior manager level.
A strategic decision by the production function of the management is a New Plant Location.
A strategic decision for the marketing function is a survey of competition and the resulting strategy of gaining market share.
Tactical information: This type of information is required at the middle level or the
managerial level. this level is responsible for taking certain management related decisions.
At the tactical one could visualize a production bottleneck analysis in a manufacturing environment. such analysis would call for senior management involvement by people with years of experience.
Operational or Lower Level Information
This information is required at the lower level of an organization.
Lower level means the clerical staff of the organization.
Daily scheduling refers to assignment of jobs.
Production Control It has to be ensured that plant , machines and equipment
that have high investment are fully utilized.
There are always some jobs which have to be pushed through the production programmed by way of scheduling and loading the job on machines.
What is Finance• Art and Science of managing money• Finance is concerned with the process, institutions,
markets and instruments involved in the transfer of money among and between individuals, business and governments
• It can be subcategorized into 3 types:– Personal Finance– Corporate Finance– Public Finance
Uses of MIS in Finance• General Ledger• Cash Management• Budget Planning• Financial Reporting
General Ledger• Automatically updates all the transactions in the
General Ledger• Simultaneous updating of accounts such as sales,
inventory and accounts receivable, reduces errors
• Also provides an accurate and permanent record of all historical transactions
Cash Management• Cash Management refers to the control, monitoring and
forecasting of cash for financing needs• Accurate records also help in monitoring cost of goods sold• Can help pin point areas that eat up cash flow such as
inventory costs, high raw material costs or unreliable sales
Budget Planning• Financial budget planning uses proforma or projected
financial statements that serve as formal documents of management's expectations regarding sales, expenses and other financial transactions.
• MIS in finance helps organizations evaluate "what if" scenarios.
• It is helping in choosing appropriate financial goals
Financial Reporting• Enables companies to generate multiple financial reports
accurately and consistently
• Compliance with Government regulations as well as auditing requirements is also easier.
Source of Financial Data in MIS• Transactional Data
– (This data is captured through TPS.)• Forecasting Data
– (which can be used to compare the actual transaction with the anticipated as per the forecast)
• Strategic Plans– (measurement scale for any kind of financial
transactions)• Financial Intelligence Data
– (to gather data from the financial community, like banks, Government, stock market, etc. )
Human Resource Management• Human resource management has become more
complex due to the fast growth in specialized occupations
• The need to train and promote highly skilled employee and the growing variety of benefit program
• HRIS aids in integrating the information generated by various departments of the organizations.
HRMIS Classifications• Employee Record Management• Promotion and Recruitment• Training• Evaluation• Compensation and benefit management
Employee Record management• ISs facilitate employee record management.
• HRD must keep employee personal record to satisfy both external and internal regulation
Promotion and Recruitment• To select the best qualified person for the
position, (among applicants and existing employee)
• The company uses software that searches the web for resume and then matches qualified candidate with job opening.
Training• Improving Employee skills
• Training at each stage of development
Evaluation• Supervisor must periodically evaluate the
following– Technical ability– Communication skill– Professional conduct– General behavior of employee
Compensation and benefit management
• Program can easily calculate weekly ,monthly and hourly pay (salary)
• Special software help HR department manage benefits such as – Health insurance– Life insurance– Retirements plan– Sick and leave days
MIS in Marketing
• Designed specifically for managing the marketing aspects business
• Intended to bring together disparate items of data into a coherent body of information
Feature of MIS in Mktg• Continuous System
• Permanent and continuous system of collecting information
• Basic Objective• To provide the right information at
the right time to the right people to help them take right decisions
Feature of MIS in Mktg• Used by all levels
• Used by all three levels of management
• Sources• Collects information from both
internal and external sources
Feature of MIS in Mktg• Collects Marketing Information
• Information about consumer competition, marketing environment, etc.
• Helps in Decision-Making• Supplies up-to-date and accurate
information that helps take quick and right decisions
Q & A
Now you can answer• Describe MIS in HR ?• Describe MIS in Marketing?• Describe MIS in Finance?• Describe MIS in Production?