Types of Information Systems and Benefits of ERP in Business

MANAGEMENT
INFORMATION SYSTEM

Table of Contents
INTRODUCTION...........................................................................................................................3
Categories of information system-:.............................................................................................3
ERP system and benefits-:...........................................................................................................4
Advantage of ERP in Business-:.................................................................................................5
CONCLSUION & RECOMMENDATION.....................................................................................6
CONCLSUION...........................................................................................................................6
Recommendation.........................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Management information system termed out as information system that can be used for
decision making (Chofreh, Goni and Klemeš, 2018). It leads to testing people, processes and
technology in organisational context. With the advent of technical advancement, this has become
easy for business to store and process large data and information. This enables to storing the data
in the segregated manner and to sharing with all other departments in simplified manner. Thus,
number of software and application can be used to enhance efficiency of the enterprise. It is
termed out as the procedure in which all resource related information can be managed as per the
needs and priorities of the enterprise (Costa, Ferreira and Aparicio, 2016 ). Therefore, enterprise
must have tangible resources such as networking hardware, people and computer as well as
intangible like data and software. On the other hand, information system defined as set of
components that collects, storing, processing data, providing information and varied kind of
digital products.
The present study will define different types of technology and information system. Also,
assignment will discuss the beneficial aspect of ERP system. Lastly, recommendation will be
given for organising and analysing the data and information in systematic manner.
Categories of information system-:
IS is termed out as software that assist in organising and analysing data and information
in systematic mode. This can be mainly used to convert the raw data into meaningful
information. Thus, implementation of IS is crucial at the all levels within enterprise such as
lower, middle and upper (Kukreja, Bajaj and Sachdeva, 2019). Therefore, this is crucial for
taking strategic, tactical and operational decision. There are number of IS system that can be
used as per the needs and requirements of business. Each of the IS mainly function in the
different manner and this used for business functions. It enables store different type of data and
information. It has been categorised in following context as are-:
Transactional processing system- As the name suggest, this can be used to record and collect
day to day transaction of business (Madanhire and Mbohwa, 2016). Hence, information needs to
be collected as sales, expenses etc. Information system is software that mainly used in finance
and account related work. Thus, one of the main aims is to analyse the data and take decision in
relation to financial problem. There are number of examples such as point of sales, payroll
system etc.