Information about Management Support System

Nov 25, 2024

Management Support System (MSS)

Introduction

  • Computer-based system that helps management in decision-making.
  • Managers can use it to perfect their activities and functions.

Functions

  • Provides information using internal and external data.
  • Assists managers in decision making such as investment, price determination, and sales forecasting.

Types

1. Decision Support System (DSS)

  • Analyzes large data to provide the best options.
  • Projects revenue figures and forecasts outcomes of various decisions.

2. Executive Information System (EIS)

  • Provides senior executives easy access to critical data.
  • Assists in strategic decision-making.

3. Group Decision Support System (GDSS)

  • Helps multiple users to communicate and make decisions together.

Expert System

  • Mimics human judgment and behavior using a knowledge base.
  • Utilizes technologies like voice recognition and chatbots.

Features

  • Uses a knowledge database to store internal and external information.
  • Processes data using software systems.
  • Managers operate through a user interface.

Conclusion

  • MSS supports management decision-making.
  • Both DSS and EIS are part of the management support system.