Marketing info system mis
Marketing information system (MIS) consists of people, equipment, and procedures to gather, analyze, evaluate, and distribute timely and accurate information to marketing decision makers. MIS collects and analyzes information that is valuable for planning, implementing, and controlling marketing activities. The components of an MIS include internal records, market intelligence, marketing research, and a market decision support system. Internal records provide sales, cost, and other operational data. Market intelligence collects external information on customer needs and market trends. Marketing research solves specific marketing problems through data collection and analysis. A market decision support system uses computer hardware and software to help analyze information and support marketing decisions.
Marketing info system mis
- 1. Marketing information system (MIS) By K B Bhajantri MBA Kuvempu University, Karnatak.
- 2. Meaning of MIS: A marketing information system (MIS) is consist of people, equipment, & procedure to gather, sort, analyze , evaluate, & distribute the needed, timely & accurately information to marketing decision makers. M I S is collects, analysis, & supplies lot of relevant information to the marketing managers. Which is valua ble for planning, implementing, & controlling the mark et activity. MIS collects all required information trough its sub system that is called as components of MIS.
- 3. Components of MIS: The components are divided into 4 types which are as follow: 1. Internal records. 2. Marketing intelligence. 3. Marketing research. 4. Marketing Decision support system .
- 4. 1. Internal records: These records provides current information about sal es, cost, inventories, cash flow, where many companie s follow their computerized records, documents, files and so on. It helps to marketing managers to gain faster access t o reliable information.
- 5. 2.Market intelligence: It collects information from external sources. It provides inf ormation about current marketing environment, changing co nditions in the market, like customer needs, demand, habits t est, trends etc. These information can easily gathered by the external source s like: magazine, trade journals, commercial press and so on. These external sources cannot be used directly . it must be e valuated and arranged then it can be used for marketing man agers for decision making, & policy making.
- 6. 3.Market research: Marketing Research. (MR)is conducted to solve specific marketi ng problems of the company. It collects data about the problem. That will be tabulated, analyzed &conclusions are drawn then th e solution will be given for the problem However, this information is specific information. It can be used only for a particular purpose. The scope of MIS is very wide. It includes ‘MR’. However, the s cope of MR is very narrow.
- 7. 4. Market decision support system: These are the tools which help the marketing managers to analyze data and to take better marketing decisions. They include hardware, i.e. computer and software pro grams. Computer helps the marketing manager to analyze the marketing information. In fact, today marketing manag ers cannot work without computers. There are many software programs, which help the mar keting manager to do market segmentation, price fixing , advertising, budgeting, etc.
- 8. Thank you