IMPORTANCE OF MIS
Management information system is nowadays the most important element of an organization to work effectively and efficiently.
It is set of interrelated components which collect, process, store and distribute the information to a support decision making in an organisation.
MIS are distinct from other information systems as they are used for analysis and facilitation of strategic and operational activities.
The major components of a MIS are:
MIS caters across all the functional business processes of an organization:
Manufacturing and production Assembling product, quality check, BOM
Sales and marketing Identify customers, awareness/selling of product …show more content…
As a better flow of information helps in a better and timely manufacturing/handles inventory/distribution/deliveries.
2) CRM- Customer relationship management is also enhanced by a proper ERP system installed in an organisation. As it helps in feedbacks from customers/ marketing/sales force automation. (It focuses on “customer satisfaction”)
ERP helps and supports centralization by enforcing uniform data standards and business processes throughout a company and a single unified technology platform. ERP systems can be either; Customised or Configured
Leading ERP software vendors:
• Oracle ( with its acquisition of PeopleSoft)
• Infor Global Solutions
COMPANY VISITED – ROCKLAND HOSPITALS
Rockland group of hospitals provide international standards, seamless & integrated healthcare services across all the units through a network of specialised healthcare facilities across Delhi, Manesar, Dwarka and Noida (planned on …show more content…
TPA Name Company Name Patient Name D.O. A Room No. Alloted Bed Type LOS (Days) Total Bill Amount DEPOSIT AMOUNT
2) Statistical Report:
STATISTICAL REPORT 07.08.14 PAYERWISE DISTRIBUTION OF PT 07.08.14 Doctor wise Inpatient No. Of patients Under Doctor ADMITTED HOSPITAL STAFF
3) Unbilled Data:
Sl IP Patient Doctor Room LOS Panel Comp. Pay Patient Pay Deposit Comp. Bal. Patient. Bal.
4) Doctor wise discharge report:
Doctor Wise Discharge Report 07.08.2014
Sl. Bill IP Patient Doctor Payer Panel Mode Revenue
5) Summary Report:
DAILY REVENUE REPORT SNAP SHOT 01-Aug 02-Aug 03-Aug 04-Aug 05-Aug 06-Aug 07-Aug MTD/Act
GROSS REVENUE (B9+B10)
NET REVENUE (B2-B3)
1a. Decision Support Systems generally provide support for disorganized decisions. DSS problems are often characterized by unfinished or questionable information, or the use of qualitative data. DSS includes modeling tools where different sequence of events can be modeled and compared. Investment decisions are an example of what might be supported by Decision Support Systems. Management Information Systems are generally more refined reporting systems built on existing transaction processing systems. MIS is often used to support structured decision making and will typically support tactical level management, but sometimes are used at other levels. Examples of structured decisions supported by Management Information Systems may include determining
The most common purpose for (BI) systems is to aid in the decision making process. BI systems collect data, store the gathered information in data warehouses, analyze the data and then present the data in easy to understand applications for the decision making process. The following studies research the role that BI systems play in the decision making process.
The objective of this paper is to have a critical assessment of what are Decision Support Systems, particularly in the Organizational context, historical genesis of these systems and the latest trends in this sub field of MIS. Along with the above mentioned objectives, we have tried to explore, by way of examples, the relevance and importance of DSS in large, complicated decision making settings. We also will attempt to visualize, how DSS’s may evolve 20 years from now in a vastly connected world and which type of problems it could help solve efficiently
Information system, an integrated set of components for the gathering storage and processing of data and for transport information, knowledge and digital goods. Business enterprises and other organizations rely on information systems to accomplish and manage their operations, to act together with their customers and suppliers, and compete in the marketplace.
It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (Asemi, Safari & Zavareh, 2011). The information in MIS accounts for what happened in the past, what is currently happening and what will occur in the future. The information conducted by MIS are made available in forms or periodic reports, special reports and the output of mathematical simulations. When managers make decisions to solve issues within their company, they use the information output source (Asemi, et. Al.,
Ackoff identifies five assumptions commonly made by designers of management information systems (MIS). With these assumptions, Ackoff argues that these assumptions are in most cases not justified cases, and often lead to major deficiencies in the resulting systems, i.e. "Management Misinformation Systems." To overcome these assumptions and the deficiencies which result from them, Ackoff recommends that management information system should be imbedded in a management control system.
MIS stands for Management Information System; it plays a crucial part in the business because it allows the flow of information between all levels of management as well as the different functional areas of the company. MIS is made out of the Decision support systems, Knowledge management systems, office automation systems, Transaction Processing Systems and the executive support system.
Information system has become as universal in our daily business activities as human resource management, marketing, finance or any other major business functions. Information system play vital role to provide management with control over their data and to operate successful businesses. They make up a significant field of study in business administration and management, and this is the most business imperatives that include in a course in information system. If we want to understand information system and functions, first we need to be sure on the concepts of a system. A good foundation of understanding is to give a clear definition: Information system is defined technically as a set of organized components which collect, store distribute , process, transform the information to approval decision making and control in an organization. Information system can also help managers and workers to understand problems, analyze complex subjects and prepare new products. Today, the basic focus of companies is to be globally competitive by using the capabilities of modern information system and communication technologies.
Information Systems is an academic study of systems with a specific reference to information and the complementary networks of hardware and software that people and organizations use to collect, filter, process, create and also distribute data. An emphasis is placed on an information system having a definitive boundary, users, processors, storage, inputs, outputs and the aforementioned communication networks
Computer based information systems are an important part of the world today. We use them to make educated decisions that would have been just plain guesses in years past. We use them to collect data from all sorts of different sources and to turn all that raw data into useful information. The information that is created is shown to us in many ways. It can be in the form of reports, graphs, images, or even sounds. They can even help an organization gain a competitive edge on their rivals. Organizations can use computer based information systems to gather consumer data to judge which of their products is selling the best to get a feel for what they should be working on next. Or they can use it to keep track of how fast a product is selling to judge what their production rate for that product should be to keep up with consumer demand.