BUS 201: Introduction to Business Fundamentals of Management Information Systems (MIS)

What is MIS? Management Information Systems (MIS) is a discipline that teaches us how management, organization, and technology create information systems to solve business problems/challenges in an organization.

This is how MIS supports an organization For Example: Business Challenges: Registration in open credit system is a business problem for IUB. If this registration were done manually, it would be almost impossible to complete it successfully for employees. An employee has to check lot of issues before allocating a course to student e.g. prerequisites, course level, time clash, class capacity, room capacity, dues and many more. These issues if checked manually would make the registration process very time consuming and erroneous. MIS: MIS studied the problem, proposed a solution to the problem, and finally, deployed IRAS which is an information system to solve the problem. Results: IRAS system does this registration within 1-2 days, checking all above issues simultaneously for many students. Thus, IRAS reduces registration time, number of employees, and error rate for IUB. This is how MIS supports an organization

Information Systems (IS) Information Systems (IS ) is a collection of people, hardware, software, data, and telecommunication technologies that work together to collect, process, store, and disseminate information in an organization.

Components of Information Systems People Resources: end users and IS specialists, system analyst, programmers, data administrators etc. Hardware Resources: Physical computer equipments and associate devices, machines and media. Software Resources: programs and procedures. Data Resources: Customers records and employee files. Networks Resources: Communications media and Communication processors.

Fundamental Roles of IS Three major roles of the business applications of information systems include: Support Business Processes- involves dealing with information systems that support the business processes and operations in a business. Support Decision Making- helps decisions makers to make better decisions and attempt to gain a competitive advantage. Support Competitive Advantage- helps decision makers to gain a strategic advantage over competitors requires innovative use of information technologies.

Functional Business Systems Many organizations are structured based on functional areas. Typically, functional areas include the following: Accounting Finance Marketing Human resource management Production and Manufacturing Many of these functional areas have their own Information System.

IT in Business

Marketing Systems A marketing system supports activities throughout the many activities of marketing departments. Some of the marketing functions that are supported by marketing systems are: marketing research, product development and delivery, promotion and advertising, product pricing and sales analysis etc.

Manufacturing Information Systems Supports the production/operations functions Includes all activities concerned with planning and control of the processes producing goods or services provides information on production /operation activities of an organization and thus facilitates the decision-making process of production managers of an organization.

Human Resource Management Systems This functional information system supports the functions of human resource management of an organization. Human Resource Management System supports the following activities of HRM:  Workforce planning Staffing Training and development Performance evaluation etc.

Accounting Information Systems The oldest and most widely used information system in business. Records and reports business transactions and economic events Produces financial statements Forecasts future conditions etc.

Financial Management Systems A financial system provides financial information for managers to make daily decisions on operations within the organization. Most systems provide these functions: Integrate financial information from multiple sources Provide easy access to financial information in summarized form Enable financial analysis using easy-to-use tools Compare historic and current financial activity etc.

Functions of IS Input captures or collects raw data from within the organization or from its external environment. Processing converts this raw input into a meaningful form. Output transfers the processed information to the people who will use it or to the activities for which it will be used. Information systems also require feedback, which is output that is returned to appropriate members of the organization to help them evaluate or correct the input stage.

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