MIS (Management Information System)
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Defination:

*A Management Information System is an integrated user-machine system, for providing information, to support the operations, management, analysis & decision-making functions in an organization.
* The System utilizes computer hardware & software, manual procedures, models for analysis, planning, control & decision making and a database.

Management Reporting Alternatives:

MIS provide a variety of information products to managers which includes 3 reporting alternatives:

Periodic Scheduled Reports: E.g. Weekly Sales Analysis Reports, Monthly Financial Statements etc.

Exception Reports: E.g. Periodic Report but contains information only about specific events.

Demand Reports and Responses: E.g. Information on demand.

MIS Model

wrong path

MIS Characteristics:

Management Oriented/directed

Business Driven

Common Data Flows

Heavy Planning Element

Subsystem Concept

Flexibility & Ease of Use

Distributed Systems

Information as a Resource

MIS Support for Decision Making:

Structured / Programmable Decisions:

Decisions that are repetitive, routine and have a definite procedure for handling them.
For e.g. Inventory reorder formula, Rules for granting Credit.

Unstructured / Non-Programmable Decisions:

Non-routine decision in which the decision maker must provide judgment, evaluation, and insights into the problem definition.

Semi-Structured Decisions:

Decision where only part of the problem has a clear cut answer provided by an accepted procedure

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