TYPES OF INFORMATION SYSTEMS.docx - TYPES OF INFORMATION SYSTEMS Management Information Systems is one out of several information systems that are used

TYPES OF INFORMATION SYSTEMS.docx - TYPES OF INFORMATION...

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TYPES OF INFORMATION SYSTEMS Management Information Systems is one out of several information systems that are used in business. To better understand Management Information Systems, let’s look at the different types of information systems available in business. Transaction Processing Systems. These systems have been designed to collect, process and store transactions that occur in the day to day operations of a company. The system can also be used to cancel or modify transactions done in the past if the need arises. One property of this system that enables them to work effectively is the ability to accurately record multiple transactions even if the different transactions take place simultaneously. They are built to be able to handle large volumes of transactions. Examples include stock control systems, payroll systems, order processing systems etc. Decision Support Systems. These systems help decision makers to make the best decisions by generating statistical projections from analyzed data. Although it does not eliminate the need for the manager’s judgment, it significantly improves the quality of the decision by offering forecasts that help determine the best course of action. These systems compile information from several sources for purposes of aiding in decision making. Examples of these systems include computer supported
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