Management Information System: Unit 2
Management Information System: Unit 2
Management Information System: Unit 2
SYSTEM
UNIT 2
LEARNING OBJECTIVE
1. Identify the following cross-functional enterprise systems, and give examples of how they
can provide significant business value to a company:
a. Enterprise application integration
b. Transaction processing systems
c. Enterprise collaboration systems
2. Give examples of how Internet and other information technologies support business
processes within the business functions of accounting, finance, human resource management,
marketing, and production and operations management.
INTRODUCTION
• Business managers are moving from tradition to information technology.
• Many ways to use IT in business as
• Business activities to be performed
• Business problems to be solved
• Business opportunities to be pursued
• We should have a basic understanding and appreciation of the major ways IS
are used to support each of the business functions.
• So, we will discuss about functional business systems, (transaction
processing, management information, decision support) in various business
function of accounting, finance, marketing, HR, operations.
FUN
CTIO
NAL
BUSI
NESS
SYST
EMS
MARKETING SYSTEMS
https://www.youtube.com/watch?v=IQovoot_ZUM
TARGETED MARKETING
• https://www.youtube.com
/watch?v=nmc22qBsAFk
MANUFACTURING SYSTEMS
• At early, companies use Built-to-stock model – produced 100 of an item and sold
them via distribution networks.
• They keep track of the stock inventory and made more of the item once inventory
levels dipped below a threshold.
• Rush jobs were both rare and expensive, and configuration operations are limited.
• Concepts like just in time inventory, built to order manufacturing, end to end
supply chain visibility, the explosion in contract manufacturing, and the
development of web based e-business tools for collaborative manufacturing have
revolutionized plant management.
COMPUTER-INTEGRATED MANUFACTURING
• Accounting Information Systems are the oldest and most widely used
information system in business.
• They record and report the flow of funds through an organization on a historical
basis and produce important financial statements and financial budgets.
• Operational accounting systems emphasize legal and historical record keeping
and the production of accurate financial systems.
• Order Processing, inventory control, accounts receivable, accounts payable,
payroll and general ledger.
ONLINE ACCOUNTING SYSTEM
COMMON BUSINESS ACCOUNTING SYSTEMS
• Order Processing – Capture and process customer orders and produce data for inventory control and
accounts receivable.
• Inventory Control – Process data reflecting changes in inventory and provides shipping and recorder
information.
• Accounts Receivable – Records amounts owed by customers and produces customer invoices, monthly
customer statements, and credit management reports.
• Accounts Payable – Records purchase from, amounts owed to, and payments to suppliers, and produces
cash management reports.
• Payroll – Records employee work and compensation data and produces paychecks and other payroll
documents and reports.
• General Ledger – Consolidates data from other accounting systems and produces the periodic financial
statements and reports of the business.
ONLINE ACCOUNTING REPORT
FINANCIAL MANAGEMENT SYSTEMS