International Journal of Academic Research in Commerce & Management ISSN: 2395-6410 (Online), Volume 1, Issue 1, March-2015, pp.1-3 DESIGNING MARKETING INFORMATION SYSTEM: AN OVERVIEW Monika Singla DAV Centenary College, Faridabad(Haryana), India monajain711@gmail.com Abstract— In today’s competitive, complex and dynamic environment it is very essential for the manager to be up to date about what is happening in the market. The transformation of data available from different sources in to vital information relevant to management decision is very important for long term survival of the organization. The information technology revolution since last few years has made it possible. Lots of tools and techniques are available now days to gather and store different information and use it at the time when it is required. From all these tools and techniques marketing information system is one of very strong information system designed to support marketing decision making. To design a marketing information system is not an easy process. It is a very long way process. Moreover process will not complete since it made once it need continuous monitoring and to feed latest information in it. The objective of my study is to get the knowledge about how to design a marketing information system and what are the precautions to be taken while designing marketing information system. After my study I came to conclude that designing and using a marketing information system is not an easy task. Keywords— Marketing Information System (MkIS), competition, design of marketing information system. INTRODUCTION Marketing information system is a Management information system designed to support marketing decision making. Jobber in 2007 defined it as a system in which marketing data is formally gathered, stored, analyzed and distributed to managers in accordance with their information needs on regular basis and Kotler defined it as “ People, equipment and procedure to gather, sort, analyse, evaluate and distribute needed, timely and accurate information to market decision makers. In short we can say that in this competitive environment survival of a business firm is based on use of latest information from the market for its personal use and marketing information system is the solution for it. As we all know that customer is the king of market so to get the knowledge about present and potential customers and to fulfill their expectations a strong marketing information system is required. requires gathering relevant data from the internet about marketing information system. I collected data from some published papers and use my personnel knowledge about marketing information system. MAIN BENEFIT OF MKIS 1. 2. 3. 4. 5. COMPONENTS OF MKIS 1. OBJECTIVES OF STUDY 1. 2. To know about the process of designing marketing information system. Precautions to be taken while designing information system. 2. RESEARCH METHODOLOGY Methodology is the systematic, theoretical analysis of the methods applied to a field of study, or the theoretical analysis of the body of methods and principles associated with a branch of knowledge. My research methodology To integrate market monitoring system with strategic development. Strategic implementation of polices and process. Help to capture and act on customer application and marketing support system which ultimately help in building customer relation and providing better services. To cope up with changing environment. To provide timely and accurate information. 3. 4. User Interface. Essential elements of MKIS manager who will use the system the interface they need to effectively analysis and used marketing information. The design of system depends upon what type of decision manager makes to need. Application Software: These are the programs that marketing decision maker use to collect, analyse and manage data for the purpose of developing information necessary for marketing decision Data Base: Marketing data base is a system in which marketing data file are organize and store. System support: This component consists of system manager who manage and maintain the system assets Web Presence: http://www.ijarcm.sribalajipublications.com © 2015 Sri Balaji International Journals. Authors are responsible for any plagiarism issues. Page | 1 International Journal of Academic Research in Commerce & Management ISSN: 2395-6410 (Online), Volume 1, Issue 1, March-2015, pp.1-3 including hardware and software and monitor its activities ensure compliance with organization policy. by the marketing manager. Internal company data like sales and order entry system, manufacturing quality control, advertising monitor, tally marketing response record, inventory pattern etc. can also fruitful sources. Personal decision making methods can also be used as input for MkIS. NEED OF MKIS 1. 2. 3. 4. Competitive pressure required the organization to have ability to compete to produce and to market developed product more quickly than before. The study increases in consumer expectation about the product. Company need to satisfy the consumer expectation which require strong marketing information system. Wide spread production and distribution leads to emergence of large market and the requirement of large number of intermediaries between producer and final consumer. These intermediaries become a barrier to the flow of data that can guide. The development of marketing decision related to consumer need and desire so MkIS is important to bridge the gap between producer and final consumer. To analysis the information quickly and inexpensively. 4. Testing Marketing Information System After setting up the organization for MkIS collecting necessary information and inputs for MkIS next step is to test the MkIS whether it is feasible and whether it is able to give necessary information or not. 5. Operationalize marketing Information System After testing the feasibility of MkIS, MkIS is finally put to use in the organization to get the desired information from MkIS. If the MkIS is designed correctly then it will be able to help the marketing manager in predicting the future with the help of data related to past and present. 6. Monitoring Marketing Information System Once MkIS is put to use it does not means that responsibility finished. The MkIS must be monitored continuously monitor the system and see whether any changes required in the system or not. You also have to view whether person using MkIS is competent enough to use the system or required training. HOW TO DESIGN MARKETING INFORMATION SYSTEM 1. 2. 3. Identify information need of organization Marketing activities are directed towards planning, promoting, selling goods and services and to satisfy the needs of customers and objective of organization. So in order to support the decision MkIS is needed to collect the information. Generally information needed depend upon customer needs and objective of information is to collect data about present and potential customer. Organization setup for MkIS Costly system of MkIS first of all needs support of top management. Structure of MkIS should be decided according to the size of industry. While designing organization setup marketing review is also reviewed because MkIS must provide relevant information appropriate and decision support tools to concentrate market planning. Then a team is to be appointed to coordinate MkIS activities. Another aspect is that the organization must make realistic assumptions because useful system may fail due to unrealistic assumption. Necessary inputs for designing MkIS MkIS requires planning and decision making tools such as Statistical analytical system, Decision Support System and Executive Support System. Existing computer processes should also be studied PRECAUTIONS WHILE DESIGNING MKIS 1. 2. 3. 4. 5. 6. 7. 8. 1. 2. 3. Information to be feeded in MkIS should be accessed carefully. Careful attention should be drawn at the time of collection of information because wrong information leads to wastage of both time and money. Structure of organization should be designed with the requirement of MkIS. Inputs to be feeded carefully because one wrong information can ruin your whole system. Person who is handling the MkIS must be competent enough to use the system. Marketing manager should be unbiased. Testing is to be done very carefully. Monitoring is to be done time to time so that any discrepancy in the system will be removed. FINDINGS Marketing information system is a very powerfull tool in the hands of management. To fulfill the needs of customers marketing information system is needed. Marketing information system is a very costly system. Web Presence: http://www.ijarcm.sribalajipublications.com © 2015 Sri Balaji International Journals. Authors are responsible for any plagiarism issues. Page | 2 International Journal of Academic Research in Commerce & Management ISSN: 2395-6410 (Online), Volume 1, Issue 1, March-2015, pp.1-3 4. 5. 1. 2. To install marketing information system is not an easy task Continuous monitoring of marketing information system is required. SUGESSTION Information to be feeded with great care. Person using the system must have the knowledge about the method of using the system. REFERENCES [1] Hosami, F. (2013). Marketing Information System In Organizational Process, IJCRB, pp:1-5. [2] Ismail, D. S. (2011). The Role Of Marketing Information System On Decision Making, International Journal of Business And Social Science, pp: 175-186. [3] Marshall, D. K. (n.d.). Marketing Information System : A Marriage of System Analysis And Marketing Management, Journal Of Applied Business Research, pp: 61-70. [4] Romerio-Serna. (2007). MIS: More Then simple Technological Box. ESic Marhet, pp: 117-130. [5] Schonberger, R. J. (2010). MIS Design: A Contigency Approach. MISRC, pp: 13-20. Web Presence: http://www.ijarcm.sribalajipublications.com © 2015 Sri Balaji International Journals. Authors are responsible for any plagiarism issues. Page | 3
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