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Management Information System

Management Information System

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Published by Gokul Chandrappa

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Categories:Types, Business/Law
Published by: Gokul Chandrappa on Jul 07, 2010
Copyright:Attribution Non-commercial

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04/19/2012

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Management InformationSystem
 
Introduction
At the start, in businesses and other organizations,
internalreporting
was mademanuallyandonly periodically, as a by-product of  the
accounting system
and with some
additional statistics
, and gavelimitedanddelayed informationon management performance. In their infancy, business computers were used for the practicalbusiness of computing the payrolland keeping track of accounts payableandaccounts receivable. As applications were developed that provided managers withinformation about 
sales
,
inventories
, and
other data
that would helpin managing the enterprise, the term
"MIS"
arose to describe thesekinds of applications. Today, the term is used broadly in a number of contexts and includes (but is not limited to):
decision support systems, resource and people management applications, project management and database retrieval application.
 
D
efinition
According to Philip Kotler "A marketinginformation system consists of people, equipment, andprocedures to gather, sort, analyze, evaluate, and distributeneeded, timely, and accurate information to marketingdecision makers."

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