Student ID: 11204-00048 Subject: MIS What is IS? 1. Information is a system which helps organizations to Create Store Process Generate information on time to make decision.
2. IS also will help organizations to Focus on their business Reduce the price in business Make process effective in business Abroad technology use in business Importance of IS Information systems are important because they help organizations have easier work in things like monitoring employees, sending information or coordinating activities in the work place. They are also important because they create a value chain between dealers, manufacturers, marketers and suppliers. It also help the organizations to make a correct decision on a perfect time. How IS help organization to get in more profit in market There are 5 major types in Information System 1. ESS-Executive Support System 2. DSS-Decision Support System 3. MIS-Management Information System 4. KWS-Knowledge Work System 5. TPS-Transaction Process System Executive Support System An Executive Support System (ESS) is software that allows users to transform enterprise data into quickly accessible and executive-level reports, such as those used by billing, accounting and staffing departments. An ESS enhances decision making for executives. CEO, Managing Director, Managers of an organization will be the main user of this system. It helps to make a long term plan report. It also will give some ideas to the manager about the organizations improvements in market. Decision Support System A decision support system (DSS) is a computer- based application that collects, organizes and analyzes business data to facilitate quality business decision-making for management, operations and planning. A well-designed DSS aids decision makers in compiling a variety of data from many sources: raw data, documents, personal knowledge from employees, management, executives and business models. DSS analysis helps companies to identify and solve problems, and make decisions. DSS will help managers to make correct decision about the current market strategies. Management Information System A Management Information System (MIS) is a broadly used and applied term for a three- resource system required for effective organization management. The resources are people, information and technology, from inside and outside an organization, with top priority given to people. The System is a collection of information management methods involving computer automation (software and hardware) or otherwise supporting and improving the quality and efficiency of business operations and human decision making. Knowledge Work System A knowledge work system (KWS) is a system for applying and using knowledge management principles. These include data-driven objectives around business productivity, a competitive business model, business intelligence analysis and more. A knowledge work system is made up of different software modules served by a central user interface. Some of these features can allow for data mining on customer input and histories, along with the provision or sharing of electronic documents. Knowledge management systems can help with staff training and orientation, support better sales, or help business leaders to make critical decisions. Transaction Process System A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data. Characteristics of a TPS include performance, reliability and consistency. TPS is also known as transaction processing or real-time processing.
Supply Chain Management SCM will start from searching for the raw materials until the delivery of product, The Pathways are: Search Raw Material Order raw material Delivery of raw material Production of product Market for product Selling and promotion of product Delivery to customer Payment of product
Customer Relationship Management Customer relationship marketing (CRM) is a business process in which client relationships, customer loyalty and brand value are built through marketing strategies and activities. CRM allows businesses to develop long-term relationships with established and new customers while helping streamline corporate performance. CRM incorporates commercial and client-specific strategies via employee training, marketing planning, relationship building and advertising. Summary An organization can easily capture or shows their improvement in market by following or using all the information systems. Information systems is the only system which help the organizations to make a good profit in market. All the managers also should consider and make the use of IS compulsory in their organization.