Question

.Tanishq Jewellers want to set up MIS in their organization in order to manage
he information better across the organization.

Answer 1

Answer:

1.Tanishq Jewellers want to set up MIS in their organization in order to manage the information better across the organization. Can you guide them about the same alongwith the characteristics, components, advantages and limitations? (10 Marks)Ans.:Management information system (MIS) is a collection of integrated systems, both manual and computerized that provide an organization’s decision-makers with informationconcerning operational activities. As Tanishq Jewellers want to set up an MIS in their organization, they will be enabled with activity support which will occur through efficient data processing and effective information supply to relevant people within the specified time.To help the organization manage the information better, MIS consists of five major components that must work together to achieve the organization’s objectives. These components include:1.Executives:Executives are the people who utilize MIS. These people are computer professionals who operate MIS for data processing to achieve organizational goals like planning and decision-making.2.Hardware:The hardware components of MIS include various input and output devices that helps in feeding data as well as displaying the information when required. The input devices include the keyboard, scanners and mouse. The output devices may be the monitor, printer, network devices, and so on.3.Software:Computer programs which are designed to do a specific task for example, MS Office, Banking Software’s, Railway’s applications etc, different kinds of software available to process the data/information in an organization such as ERP (enterprise resource planning) and CRM (customer relationship management