Q:

What are the components of a management information system?

A:

Quick Answer

According to the MBA Knowledge Base website, the components of a management information system consist of people, data, networks, hardware and software. Each of the components produce, store and/or analyze data to produce information that is utilized in the operation of a business.

  Know More

Full Answer

The people component includes end users and information system specialists. The end users are the clients that will be using the information produced by the system. The system specialists are the people that operate and maintain the information system.

The data component is exactly what it sounds like. It is the data going into and being stored by the system so that it can be analyzed and manipulated to provide information to the end users.

The network component is the computers, disk drives and processors used to link all the components to a communications system such as the Internet or intranet.

The hardware component is the actual inner workings of the computer and include things such as boards, circuits and storage devices where the data is kept and stored.

The fifth component, software, is the actual computer programs that have been written to store, process, compile, extract and produce information from the data .

These five components when linked together create a management information system.

Learn more about Managing a Business

Related Questions

  • Q:

    Why is Management Information Systems important?

    A:

    Management Information Systems, often referred to as MIS, is an important discipline because it allows people to support business operations through technology. The term refers to the ability to manage a collection of systems, which work together transferring data throughout the organization. Knowledge workers convert the data to useful information, allowing the business to work smoothly.

    Full Answer >
    Filed Under:
  • Q:

    What is procurement management?

    A:

    Procurement management is the practice of planning and directing the activities of purchasing agents who buy materials needed for the operations of a company or organization. Procurement management also involves oversight of the supplier evaluation and purchase negotiation process.

    Full Answer >
    Filed Under:
  • Q:

    Which function of management is most important?

    A:

    Many people consider planning the most important function of management. However, other functions that are of utmost importance include organizing, leading and controlling. Leadership is especially crucial because a plan without someone or something to implement it is basically worthless.

    Full Answer >
    Filed Under:
  • Q:

    Why is inventory management important?

    A:

    Inventory management is important for keeping inventory numbers stable as well as determining and controlling the levels of stock needed for optimal profit. Good inventory management involves having enough inventory on hand to meet customer demand, yet not too much to exceed inventory turnover goals.

    Full Answer >
    Filed Under:

Explore