Thursday, April 19, 2012

Management Information System (MIS) in our life


Definition of MIS
MIS is closely associated with technological. MIS using information technology as a tool of data processing, speed of data processing depends on the technology and the credibility of its users. This will facilitate companies in making decisions that positively impact on the continuity of the company and to achieve company goals effectively and efficiently.
A management information system (MIS) provides information that is needed to manage organizations efficiently and effectively.  Management information systems involve three primary resources: people, technology, and information or decision making.

Simple Example of MIS in Daily Life
Nowadays in global era we can find the application of MIS in many aspect. For example in process of borrowing books at the library, the first is make library card or use KTM (Student Identity Card) then registration, after that we can borrow which books we need. And when we use ATM or we use internet banking to pay school. Those are actually computer basedAnother example of MIS is using Database marketing– Data-base marketing may be defined as a computerized technique that compiles, sorts, and stores relevant information about customers and potential customers.
1. It creates a bank of information about individual customers.
2. It uses that information to analyze buying and inquiry patterns, thereby creating the ability to target goods and services more accurately.
3. It can be used to promote the benefits of brand loyalty to customers at risk from competition.

Example of MIS in Worldwide
In Worldwide, millions of organizations now use some form of MIS. Progressive firms (and divisions within the same firm) are transmitting and sharing marketing information with each other-quickly and inexpensively. One-half of Fortune 1000 companies and one-half of large retailers are actively engaged in database marketing. These are among the firms with well-structured marketing information systems:
1. 3M, whose best-known products are Post-it Notes and Scotch tape, operate in more than 60 countries. It recently introduced a $30 million online information system and all its senior executives get their information from the online database.
2. British-based retailer Marks & Spencer uses information generated from customer credit cards to better tailor its marketing efforts. It recently revamped its process for supplying products to stores after studying its customer database.
3. Louise’s Trattoria, a 13-unit chain of Italian restaurants in Los Angeles, reviewed the information from computer-scanned customer receipts that were electronically stored in the firm’s data warehouse.

So, now it's better for us to learn how to realized that there are already implementation of MIS in our daily life and let’s start to maximize the utilize of it. 

No comments:

Post a Comment