MANAGEMENT INFORMATION SYSTEM ASSIGNMENT
The role of management information system in contemporary business/organizations cannot be over emphasized. Discuss
Management Information System (MIS) is a combination of tools, processes, and technologies that an organization deploys in order to gather relevant operating data and gain efficiency in internal processes. The system consists of tools and technologies, such as computer software and hardware, as well as technical personnel.
Organizations * Decision Making Tool
Management information system plays an essential role in corporate decision-making processes in organizations by providing operating data necessary for decision-making; the system helps senior leadership make well-informed decisions, depending on current economic trends, regulatory developments and internal business requirements in the short and long terms.
Also, Accounting Information Systems (AIS) are a subset of a company 's total Management Information Systems aid organizations business decisions and ensure profitable business operations. business report image by Christopher Hall from Fotolia.com * Organizational Layout and Structure Charts
Using an MIS, an organization is able to establish its hierarchical structure and work-flow charts. Every employee in the organization knows the employees he has authority over and to whom he is responsible for work. The work then progresses without glitches. * Planning Purposes
Also organizations use different types of MIS for different needs and scenarios. At a given point of time an organization might be using several types in isolation and in combination. Organizations essentially use the TPS. TPS is the acronym for transaction processing system. The business tabulates all its recurring transactions like inventory and customer orders using TPS. The Operations Information system, or OIS, is used by managers to plan out their production and scheduling