management information systems - functional areas of management
DESCRIPTION
Management information systems,MIS,Information system in ManagementTRANSCRIPT
![Page 1: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/1.jpg)
Management Information System
www.themegallery.com
FUNCTIONAL AREAS OF
MANAGEMENT
BY INFOCRATES
![Page 2: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/2.jpg)
LOGO
Functional Areas
Financial Management
Production Management
Marketing Management
Personal Management
![Page 3: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/3.jpg)
www.themegallery.com
SONA SCHOOL OF MANAGEMENT
![Page 4: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/4.jpg)
PERSONAL MANAGEMENT
•Providing suitable manpower with skills as the organization demands.
•Studying people in the organization.
•Placing right people for the right job.SONA SCHOOL OF MANAGEMENT
![Page 5: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/5.jpg)
Input Transaction Documents
Personnel Application forms appointment letter
Attendance and leave recordBiodata,
Self and familyAppraisal form
Production/productivity data on the jobsWage/salary agreement
Record of compliants,grievances,accidentsIndustry data on wage/salary structure
Skills, qualifications
SONA SCHOOL OF MANAGEMENT
![Page 6: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/6.jpg)
APPLICATIONSDatabase viewed by top management, HR departments.
AccountingAttendance
ManpowerSkills
Leave Salary
SONA SCHOOL OF MANAGEMENT
![Page 7: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/7.jpg)
LOGO
Example
Analysis of
Attendance
records.
Qu
ery
& A
nal
ysis Queries are
used for retrieving of data
Sample queries –
Who is who???
Analysis study of data
that is retrievedthrough queries.
SONA SCHOOL OF MANAGEMENT
![Page 8: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/8.jpg)
LOGO
Control
SONA SCHOOL OF MANAGEMENT
![Page 9: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/9.jpg)
ReportREPORTS
Information update
STATUTORY
Operation update
Decision Analysis
Action report
REPORTS
SONA SCHOOL OF MANAGEMENT
![Page 10: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/10.jpg)
• The financial needs of the business, from time to time, by way of providing working capital and long term capital ,to run business with, goal of containing at the minimum.
SONA SCHOOL OF MANAGEMENT
Financial management
![Page 11: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/11.jpg)
Finance Planning & Budgeting
SONA SCHOOL OF MANAGEMENT
• Financial and economic forecasting
• Planning for incoming funds
• Budgeting preparation and operation
• Capital budgeting decision
![Page 12: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/12.jpg)
• Budgetary control• Auditing• Financial health analysis• Profitability analysis and cost control• Product pricing• Financial Modeling• Management Accounting• Expenses Analysis, Auditing and Control• Ratio Analysis• Cost Analysis
Control and Auditing
SONA SCHOOL OF MANAGEMENT
![Page 13: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/13.jpg)
• Sales• Purchase\Salary\wages• Inventory• Expenses• Capital purchase• Fixed Deposit• Share holders• Income tax• Sales tax• Excise Duty• Customs Duty• Consumption Fixed Assets• Budgets
Application-Accounting
SONA SCHOOL OF MANAGEMENT
![Page 14: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/14.jpg)
• Cash Flow analysis.• Sources and uses of funds.• Debtors and Creditors analysis.• Ratio and Budget analysis.• Capital Budgeting and Ranking of investment
alternatives.• Account Receivables and out standings.
Decision analysis
SONA SCHOOL OF MANAGEMENT
![Page 15: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/15.jpg)
TACTIAL SYSTEMSa. Budgeting Preparation and Controlb. Investment Managementc. Capital Budgeting d. Cost Analysis and Controle. Tax Management f. Auditingg. Financial Planning
INTERNAL ENVIRONMENT
Top ManagementOperation/ProductionMarketingHRMEngineering
EXTERNAL ENVIRONMENT
IRSSECVendorsClientsCPA CompaniesSuppliersCustomersBusiness Partners
STRATEGIC SYSTEMSa. Strategic Planning b. Ratios and Financial Healthc. Merger and Acquisition Analysis
OPERATIONAL ANDTRANSACTION PROCESSING
SYSTEMS
a. The General Ledger b. Sales Order Processingc. Accounts Payable and Receivabled. Receiving and Shipping e. Payroll f. Inventory Management g. Periodical Reports & Statements
Managing the Accounting and Finance Systems
SONA SCHOOL OF MANAGEMENT
![Page 16: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/16.jpg)
Strategic SystemsStrategic Systems
Tactical SystemsTactical Systems
Operational and Transaction Processing System
Operational and Transaction Processing System
Internal Environment
Internal Environment
ExternalEnvironment
ExternalEnvironment
Managing the Accounting and Finance Systems
SONA SCHOOL OF MANAGEMENT
![Page 17: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/17.jpg)
ReportREPORTS
Information update
STATUTORY
Operation update
Decision Analysis
Action report
REPORTS
SONA SCHOOL OF MANAGEMENT
![Page 18: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/18.jpg)
• Production management, alternatively referred to as manufacturing management, is required for transforming raw materials and partly, fabricated materials into finished products.
• Production management does not imply management of productive process alone, but it covers all there activities which go into the making of production.
Production management
SONA SCHOOL OF MANAGEMENT
![Page 19: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/19.jpg)
Production planning and control Maintenance and quality control. Production program Production Schedule Job card Job status advice Quality assurance rating form Finished goods advice Breakdown advice Material Requirement Material Requisition Customer order
Supporting Functions
SONA SCHOOL OF MANAGEMENT
![Page 20: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/20.jpg)
Performed through production planning and control, bill of material processing, drawing and process planning, scheduling and monitoring systems.
Applications
SONA SCHOOL OF MANAGEMENT
![Page 21: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/21.jpg)
Decision Analysis
SONA SCHOOL OF MANAGEMENT
• Make or Buy• Make or Subcontract• User of alternative Material
• User of alternative process• Rescheduling and loading of jobs• Planning and scheduling of jobs
![Page 22: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/22.jpg)
Control
SONA SCHOOL OF MANAGEMENT
Loading the jobs on the machine.
Production capacity.
ProductionProgram.
Utilization of plant,
machinery and labor.
![Page 23: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/23.jpg)
Statutory complianceAn account of raw materials and finished
goods should be submitted to the government
Industries classified under DGTD are required to inform certain data on production and production hours.
Information update Up-to-date information enables managers
to plan production function.Accounting decision analysis & control
applications provide data for use in production management
Reports
SONA SCHOOL OF MANAGEMENT
![Page 24: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/24.jpg)
• These information provide information on day to day events.
• Reporting of highlights – planned versus actual helps in decision making.
Operations update
SONA SCHOOL OF MANAGEMENT
![Page 25: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/25.jpg)
• Provides reports with specific key decisions in the production function
• DSS are extensively used in decision making (strategic and tactical decisions).
Decision analysis
SONA SCHOOL OF MANAGEMENT
![Page 26: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/26.jpg)
Provide information update on the post implementation scenario of decisions.
Action update
SONA SCHOOL OF MANAGEMENT
Facilitates comparison of performance.
![Page 27: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/27.jpg)
ReportREPORTS
Information update
STATUTORY
Operation update
Decision Analysis
Action report
REPORTS
SONA SCHOOL OF MANAGEMENT
![Page 28: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/28.jpg)
www.themegallery.com
MARKETING FUNCTION
To Satisfy “Customers”
![Page 29: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/29.jpg)
Scope
SONA SCHOOL OF MANAGEMENT
IdentificationEvolvingDesigningPositioningSelling
Marketing Research
Consumer survey
Advertising
Interface withProduction
&Function
To Obtain orders from Customers & Fulfill them
![Page 30: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/30.jpg)
Market Function
SONA SCHOOL OF MANAGEMENT
Key Responsibility
Challenging Task
![Page 31: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/31.jpg)
Input Transaction Documents
SONA SCHOOL OF MANAGEMENT
Customer OrderOrder acceptanceDelivery NoteInvoice, Credit note
Data borrowed fromCompanyliterature
Price listsProduct literature
Needs forUpdation
![Page 32: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/32.jpg)
Applications
SONA SCHOOL OF MANAGEMENT
Product Sales
Sales value
Dealer
Distributor
Customer
Export market
Complaints
![Page 33: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/33.jpg)
Query
SONA SCHOOL OF MANAGEMENT
Product
SpecificationsPrice
Discounts Quality
Names & Address of customer
Dealer &
Distributor
Importance for handling CONSUMER COMPLAINTS
![Page 34: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/34.jpg)
Decision Analysis
SONA SCHOOL OF MANAGEMENT
Pricing Order Acceptance Discounts Commission
Price increase or decrease.
Deciding on new product.
ApplicationsBreak even ModelRisk Analysis ModelProduct launch Model Organization will
collect information
On PreferenceBehaviour
Advertising Campaign
Most organization collect from Dealers & Distributors
![Page 35: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/35.jpg)
Control
SONA SCHOOL OF MANAGEMENT
Factors to control for achieving businessgoals
Sales VS BudgetMarketing VS Budgeted Cost
Helps toReportThese
Comparison&
used to bringOut
Abnormal VariationBetween
Actual VS Expected
Helps to takespecific decision
Inarea of
Shortening or failure
![Page 36: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/36.jpg)
www.themegallery.com
ReportREPORTS
Information update
STATUTORY
Operation update
Decision Analysis
Action report
REPORTS
SONA SCHOOL OF MANAGEMENT
![Page 37: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/37.jpg)
Integrating various management systems
Corporate overview
SONA SCHOOL OF MANAGEMENT
![Page 38: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/38.jpg)
LOGOwww.themegallery.com
MARKETING
PRODUCTION
FINANCEEXPENSES
OrderSales
Cost of goods soldFinished goods
Planned productionActual productionCost of production
Raw materials
Current assetCurrent liabilityCurrent ratio
Accounts receivable
Revenue Capital
PaymentMarketing
Corporate overview
![Page 39: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/39.jpg)
LOGO
![Page 40: Management information systems - Functional Areas of Management](https://reader033.vdocuments.site/reader033/viewer/2022061503/55493966b4c9050f4d8b49f9/html5/thumbnails/40.jpg)
QUERIES?