MIS (MANAGEMENT INFORMATION SYSTEM)

MIS

MANAGEMENT INFORMATION SYSTEM -

MIS is defined as an integrated system of man and machine for providing the information to support operations, the management, and decision making function in the organization.

Utility -

MIS assists managers in planning, organizing, staffing, directing and controlling operations of an organization.

ü Planning

ü Control

ü Operations

Features of MIS -

ü Capable of handling voluminous data.

ü Multi dimensional analysis can be done

ü Quick search and retrieval of system.

Planning and control activities:

	Strategic Planning	Management Control	Operational Control
Production	Location of a new factory	Determine product mix	Scheduling specific jobs
Marketing	Entering new markets	Media planning	Sales planning
Finance	Raising capital	Determine credit level	Determine action
Personal	Changes in organization structure	Determine promotions and transfers	Determine for preparing duty roster

Dis-advantages – ü  Expensive. ü  Requirement of experience EDP manager and staffs. Reports generated- ü  Audit report. ü  Sales report department wise. ü  Consolidated revenue analysis. ü  Multiple reports. ü  Stores, receiving, HR, Accounts, security, and all the major department can maintain reports and records through this system. ü  Preparation of budget on the basis of initial data retrieved from the system. ü  Consumption report. ü  Cashiers summary. ü  Void /cancellation report. ü  Cover analysis. ü  Popularity by menu item. ü  Settlement report. ü  In-house guest directory. ü  Spoilage report and etc.

Determinants of MIS -

According to Prof. Zani:

ü Opportunity and risks

ü Company strategy

ü Company structure

ü Management and decision making process

ü Available technology

ü Available information

Advantages –

ü Saves time

ü Increases managerial efficiency

ü Technical assistance

ü Decision making is easier

ü Accuracy