SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES

MANAGEMENT INFORMATION SYSTEMS Semester 2 Backlog Assignment

SUBMITTED BY: Ashna Srivastava CLASS: 2E PRN NO: 10020441011 ROLL NO: 15 Operations Marketing

promotional effectiveness and sales forecasting. Additionally. management information systems can be used strategically. pricing decisions.MANAGEMENT INFORMATION SYSTEMS IN DIFFERENT DEPARTMENTS OF AN ORGANIZATION Management information systems provide decision-makers information and feedback on daily operations. distribution. Overview of Marketing Management Information System (MIS) Inputs to Marketing MIS y y y Strategic plan and corporate policies The TPS (Transaction Processing Systems) External sources: o The competition o The market Marketing MIS Subsystems and Outputs y y y y Marketing research o Web based market research Product development Promotion and advertising Product pricing . often incorporating Web technology. Marketing MIS: Marketing Management Information System (MIS) supports managerial activities in product development.

Geographic information systems (GISs) o Enables managers to pair pre-drawn maps or map outlines with tabular data to describe aspects of a particular geographic region. and other applications.Human Resources MIS: Human Resource Management Information System (MIS) is concerned with all of the activities related to employees and potential employees of the organization. . payroll. Overview of Human Resource MIS Inputs to the Human Resource MIS y y y Strategic plan or corporate policies The TPS: o Payroll data o Order processing data o Personnel data External sources Human Resource MIS Subsystems and Outputs y y y y y Human resource planning Personnel selection and recruiting Training and skills inventory Scheduling and job placement Wage and salary administration Other MISs y y Accounting MISs o Provides aggregated information on accounts payable. accounts receivable.

high raw material costs or unreliable sales. It also provides an accurate and permanent record of all historical transactions.These systems are credited with increasing financial transparency. Use of MIS in Finance helps companies track the flow of cash through accounts receivable and accounts payable accurately. management can foresee the effects of various scenarios on the financial statements.o Uses of Management Information System in Finance Finance MIS Management Information Systems (MIS) in Finance have been widely adopted both by corporations as well as governments. General Ledger o The main use of a management information System (MIS) in finance is that it automatically updates all the transactions in the General Ledger. inventory and accounts receivable. Simultaneous updating of accounts such as sales. Budget Planning o Financial budget planning uses proforma or projected financial statements that serve as as formal documents of management's expectations regarding sales. planning and decision making processes. expenses and other financial transactions. . Increasingly they are also used to support budgetary. MIS thus serves as a decision making tool. The General Ledger is the core component of all financial information systems. monitoring and forecasting of cash for financing needs. organize and access financial information easily. Related Searches: y y Finance Companies Finance 1. MIS in finance helps organizations evaluate "what if" scenarios. By modifying the financial ratios. helping in choosing appropriate financial goals. Cash Management refers to the control.. This can help pin point areas that eat up cash flow such as inventory costs. reduces errors. They are information systems with capacity to maintain large data bases enabling organizations to store. Financial transactions are simultaneously posted on the various accounts that comprise the organization's "Chart of Accounts". Cash Management o Cash flow management is an important use of MIS in Finance. Thus financial budgets are tools used both for planning as well as control. These systems are primarily used for accounting operations and generation of financial reports. Accurate records also help in monitoring cost of goods sold. . efficiency and accountability.

Financial Modeling o A financial model is a system that incorporates mathematics. Compliance with Government regulations as well as auditing requirements is also easier because the records are accurate and provide a permanent historical map of transactions that can be verified. MIS in Finance enables organizations to store a large amount of data.Financial Reporting o The use of MIS systems in Finance enables companies to generate multiple financial reports accurately and consistently. Generation of financial statements both for internal reports as well as for shareholder information takes less effort because of the automatic updating of the General Ledger. The model is used to manipulate the financial variables that affect earnings thus enabling planners to view the implications of their planning decisions. logic and data in the form of a large database. . This helps managers develop accurate models of the external environment and thus incorporate realistic "what if" scenarios into their long-range planning goals.

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