3.4.1 Management information systems
A management information system (MIS) is
a computerized database of financial information organized and programmed in
such a way that it produces regular reports on operations for every level of
management in a company.
Marketing Information system
-The results of marketing research that are used to plan for future marking or product development activities.
Financial Information system
-A financial information system is a type of business
software used to input, accumulate, and analyze financial and accounting data. It
produces report such as accounting report, cash flow statements, and financial statement.
The output produced helps in making good financial management decisions thus
helping the managers run the business effectively.
-The Human Resource
Information System (HRIS) is a software or online solution for the data entry,
data tracking, and data information needs of the Human Resources, payroll,
management, and accounting functions within a business. It is useful for all
processes that you want to track and from which you hope to gather data.
3.5 Management information systems (MIS)
3.5.1 Features;
- MIS is permanent and continuous system.
- its basic objective is to provide right information
- it is a computer based system.
3.5.2 Benefits;
- MIS increases productivity
- MIS enhances the quality of decision-making
- MIS improves communication and helps develop team work
3.5.3 Effectiveness criteria e.g accuracy, sustainability, response, times, confidence
- Accuracy – it must be as accurate as any other source
- Sustainability- the information must be reliably
- Response Times- It needs to have specific time when the days starts
- Confidence- there must be confidence so faults must be corrected quickly and the users need to be informed of upgrades
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