identify common business functions and processes in an organisation and their relationship to management information systems
answer-
Some of the common business functions and processes in an organization are -
Human resource functions in which organization perform processes like recruitment, selection, training, performance appraisal etc.
Production function in which organization manufacturing, inventory control, supply and logistics etc.
Marketing and sales function in which organization perform processes like making marketing strategy, promotion , sales to customers, sales forecasting etc.
Finance and accounting function related to processes like budgeting,making balance sheet etc.
all above are common example of business functions and processes and they have close relationship with MIS or management information system because each department performing these functions takes help from MIS to make business decision making.
A Marketing Information System or MIS is a highly desirable tool for market researcher professionals since it offers a comprehensive suite of functions. An MIS can be used to identify the type of information that marketing and advertising decision makers need, which is a very significant function.
In today's organizations human resource is considered as one of the key resources of business organizations. The transaction processing layer of MIS in human resource function deals with routine activities like attendance recording and payroll calculations.
Use of MIS in Finance helps companies track the flow of cash through accounts receivable and accounts payable accurately. Accurate records also help in monitoring cost of goods sold. This can help pin point areas that eat up cash flow such as inventory costs, high raw material costs or unreliable sales.
so we can see how MIS is related to each of these common business functions and processes.
identify common business functions and processes in an organisation and their relationship to management information systems
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