KENNETH JAY L. CHAN, CHRA BSBA-HRDM 4.

MANAGEMENT INFORMATION SYSTEM

QUIZ 1 (FINALS)

Role of Management Information System in Business

1. Enumerate the types of INFORMATION MANAGEMENT SYSTEMS and explain

each type.

Process control - For businesses that have production lines, some

management information systems oversee the many processes that create
products.

Management reporting system -The management reporting system produces

reports for company operations. These can include financial, operational,
attendance, accident and efficiency reports.

Inventory control -helps managers track the current state of a department or

company's inventory. Managers can use inventory control to understand the
impact of any possible spoiling, theft or sale of inventory through a singular
report.

Sales and marketing systems- Sales and marketing systems help managers
keep track of a company's sales and advertising efficiency. Marketing systems
can create reports that help managers improve the quality of products through
customer reviews and feedback.

Human resource systems- Human resource systems allow HR managers to

control information circulating throughout the company. Electronic devices such
as company computers, phones and other machines are part of the company
system.

Accounting and finance systems- Accounting and finance systems help

managers track the investments or assets of a company. Managers can use
accounting or finance systems to perform functions like payroll, federal law
compliance, local taxes, pension funds and state law adherence actions.

Decision support systems -Decision support systems gather information from

both internal and external resources to help managers make decisions for a
business. Internal sources include data from other departments, such as
financial data, inventory data or current sales margins during a quarter.
Expert systems- Expert systems are algorithms that help new employees work
with and design concepts in a particular subject. Professionals in an industry
may build expert systems to help new employees, contractors or other
managers.

Executive information systems- report company data to executives directly.

It can take processing records, financial information and corrective action
summaries and collect them into an easy-to-read report.

Transaction process systems- collect data during an organization's daily

transactional activities. Transaction systems can automate business processes
involving deposits, such as payroll.

School information management systems- help schools and universities

manage daily activities efficiently. These systems handle many potentially
automatic processes, such as attendance, payroll and employee schedules.

Local databases- are community-managed systems that provide information to

an area's residents. They may contain information regarding business listings,
public service offerings, social surveys and public data.

2. What are the roles of MIS in improving decision making?

The organization's ability to accomplish its goals and objectives is substantially

aided by MIS, which supports decision makers by giving the necessary
information at different stages of decision making. MIS provides a crucial
function in a business. This is due to the fact that decisions made by
management and other important stakeholders account for the majority of an
organization's activities. A reliable data system is essential for making
appropriate judgments because decisions are predicated on the information that
is at accessible.

3. What are the opportunities of implementing a Management Information

System?

It is a tool for managing company operations. These systems assist businesses

in monitoring sales, inventories, production, and other critical areas of business
operations. An MIS could be used, for instance, to monitor inventory levels, staff
performance, and client orders. With the use of these data, future estimates
pertaining to demand and business state might be made.
4. What are the challenges 0f using MANAGEMENT INFORMATION SYSTEMS?

Businesses today rely on technology to function. The computer systems that run
everything rely significantly on every customer interaction and internal
procedure. The phrase "management information systems" (MIS) refers to the
broad range of technologies and staff required to oversee them that are being
used in enterprises. Typical issues include failing to plan ahead, fulfilling
organizational requirements, selecting and keeping qualified staff, being up to
date, and integrating all of your technology.