The Five Components Of Management Information Systems

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Management Information Systems is an extremely vital element of any company that treasures the usefulness of information as an essential method for organisation rivalry and technology or uncommon information systems as fundamental authoriser of information movement inside of the various operational segments. The key incentive for organisations to utilise Management Information Systems surrounded by their company value chains is to guarantee that there is systematic and success in the various operation procedures internally and externally of the company. This is accomplished by making certain that information circulates to assist important decision-making inside of the establishment. To have a clearer understanding of MIS, I am going to outline…show more content…
It becomes interpretable when we are told that; • 2,4,6,8 are all the answers to the first four in the 2 times table. • Carrot, cucumber, tomato, and lettuce is a list of a few vegetable items found in households. 2. Components of an Information System A management information system consists of five paramount elements, i.e. people, business process, data, hardware, and software. Every single one of the elements must collaborate with each other to attain company purpose. 2.1 People: these are the employees who utilise the information system to keep track of everyday company activities or proceedings. 2.2 Business procedures: Business procedures are concurred upon finest applications that conduct the users and all alternatives on how to act logically. Business procedures are evolved by the people, for example, users, consultants, managers, etc. 2.3 Data: the indication of everyday company proceedings. For example, a bank, FNB in this example, will accumulate data from ventures such as deposits, withdrawals,…show more content…
The software is divided into two main groups, firstly system software and secondly, applications software. System software applies to operating systems, for example, Chrome OS, Microsoft Windows, Mac OS, etc. Whereas application software applies to software for achieving organisational tasks, for example, word processing, PowerPoint presentations, spreadsheets, etc. 3. Types of Information Systems There are five types of information systems: 3.1 Transaction processing systems (TPS) Created to process standard transactions systematically and correctly. An organisation can have a number of TPS, for example: • A sale item in the retail outlet • Invoicing systems to dispatch statement of charges to customers • Systems to work out wages, salaries and levy remittance • Manufacturing and buying systems to work out unprocessed material essentials 3.2 Management information systems (MIS) MIS is essentially associated with interior sources of information. MIS captures data from the TPS and sums it up into a sequence of administrative records. Intermediate level management and operational directors mostly use MIS records. 3.3 Decision support systems
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