Management Information Systems 1122022 1 Learning Objectives Describe

Management Information Systems 1/12/2022 1

Learning Objectives Describe MIS as a system which allows managers to access and analyse data. Explain briefly operational management. Explain briefly strategic management. 1/12/2022 2

Management Information System Software that allows the managers within a company to access and analyse data. The management within a company or organisation, works on two levels. May be different levels of management or the same people but with two different tasks. 1/12/2022 3

Operational Level Report Condition driven report, automatic reporting that some parameter has been breached. Day-to-day management n E. g. Keeping track of invoices. Ensuring that the business has enough stock. n A certain item is reported to be low in stock by the system, requiring a decision to be made as to whether to reorder and how many to reorder Outstanding account reported to elicit production of letter to customer Arranging for the workers to be paid. … 1/12/2022 4

Strategic Level Reports Collating and selectively abridging the large amount of data collected during normal operations; used to inform wider decision making. n Inform the executives who need to decide the strategy that the company is to follow. E. g. n n n n 1/12/2022 What items of stock to keep and which should be discontinued? What new items to stock? What to discontinue? Which areas of the business are doing well and which are not? Which workers are having to do a lot of overtime and so should there be an increase staff in that sector? Volume of outstanding accounts to enable a decision to be made as to appropriate level of penalties to be used. … 5

Plenary What is MIS? n Software that allows the managers within a company to access and analyse data. What is operational management? n n Condition driven report, automatic reporting that some parameter has been breached. Day-to-day management What is strategic management? n n 1/12/2022 Collating and selectively abridging the large amount of data collected during normal operations; used to inform wider decision making. Deciding the strategy that the company is to follow. 6