Group 4

Management information system

A management information system is a system that has important tools to supports, analyze, deliver and add reliability to any organization. Also this helps to solve business problems.

Decision Making
Decision making can be regarded as the mental processes resulting in the selection of a course of action among several alternative scenarios.

Objectives of MIS related to decision making

1.Deliver the right information to the right people,at the

right time,with the right form.Ultimately, MIS should improve the workers productivity. 2. To standardize the system of obtaining reports and statistical information from the various hierarchical levels on top, middle as well as lower level people. 3.To record such information on CDs or drives on an organization and send to BODs for budgeting, information storage, analysis and retrieval purposes. 4.To ensure that such information are accurate and timely. 5.To organize information for planning, budgeting and decision making.

How MIS helps in Decision making

Collects and dispatches appropriate information

to the decision makers. Satisfies diverse needs through a variety of systems. Helps Clerical personnel in the transactions. Helps junior management personnel. Helps middle management personnel Helps the top management.

Also..
The MIS plays the role of information generation,

communication, problem identification which helps in the process of decision making.

DECISION SUPPORT SYSTEM(DSS)

Decision Support Systems (DSS) are a specific class of computerized information system that supports business and organizational decision-making activities.

 Helps

in saving time. Improves efficiency. Boosts up interpersonal communication. Provides competitive advantage. Helps in reducing costs. Supports learning