Informationdata is important for an organization and is a valuable resource requirementfor the safe and effective care. For achieving the purpose and mission, dataused are the part of strategic plan. Management information system should beused by the organization to allow the company to check sales data, outflow aswell as information to track the profit from time to time increasing the returnon asset and identify the areas which needs to be improved. Inthe term of business decision making, information system is a set of data,computing services and management methods that helps the company operations. Managementinformation system is the subdivision of information system. The goal of MIS structureis to support management and assist in making informed and strategic decisions.
Which for instance can be explained as, helping a business to implement a newsocial media strategy. Analysisof MIS data could be revealed of how to utilize internal and external information’s.It can also highpoint the company’s use of technology of which is outdated orpoorly applied. So much like an IT professional, MIS authorities tend to spendlot of time troubleshooting, adjusting software or supporting less technically practicalityassociates.
ManagementInformation System is a set of procedures and systems that bring informationfrom a range of sources, that information which will be compiled and arepresented in a readable format. MIS are used by the Mangers to create reportswhich provide them with a complete overview of the information they need tomake decisions ranging from daily details to top level strategy. In today’s ManagementInformation System, it is relied largely on technology to accumulate andpresent data. But the perception is older than modern computing technologies. Managementinformation system purpose is to make Manager’s decision making morewell-organized and prolific.
By combining information from a range of sourcesinto a single database and presenting those information in a logical format,MIS provide Managers with everything they require to provide highly informeddecisions and perform detailed analysis of operational issues. If the Managerrequires any information, then MIS can collect any type of information.Financial data can be viewed like daily revenues and expenses and point them tospecific departments or groups. Performancegauges such as timeliness of project or the quality of products coming off themeeting line can help managers to locate the much-needed improvements.Schedules can be managed by the staffs for work shifts, incoming distributionsand outgoing consignments from any place related to MIS. Collaboration andcommunication can be facilitated in management information system. Documentscan be edited and shared by the employees and applicable information can becommunicated on predicted developments and warnings across the organization. Oneof management information system most valuable features is to create reports.
Ina way that Managers can understand, information’s are presented in internalreports. Which includes all relevant data and grouping data in a logicalmanner. For instance, for a restaurant chain a corporate Manager can view thereport which shows the revenue, expenses, labor-hours of each outlet, thatallows them to check which store makes the most money per employee and whichstore have higher expenses compared to revenue and expenses. According to USDepartment of Labor, non-organizations can use MIS to generate reports requiredby the federal government. This can allow the employees to focus on productiveactivities and reduce errors and cost related with resubmitting centralreports. Employeescan use MIS to perform their work more effectively. For instance, at all levelsemployees can use MIS to check on the status of catalogue items, related tospecific department and request for internal transfer of materials. Thewhole of Technology was the MIS department.
From 1960s to the 1980s, ratherthan technology, the practitioners and business schools referred to MIS. In theearly times, the company’s main role was to help the CEO and CFO with themanagement information system to run the business tasks. Such as order entry,accounting or budgeting. None of the applications of the company’s existed,programmers on a mainframe usually wrote code to carry out the functions. Thesystems were business dangerous, which means if it had to go to the manualaccounting then the business would fail.
The business would be in danger if MISfailed. TheCFO ensured the developers and administrators to deliver what accountingrequired. The scope of computing responsibilities began to change in the 1980with the beginning of personal computers that ran spreadsheets. MIS required toservice a wider range of users which organized external as well as internalsoftware programs. Personal spreadsheet took business dangerous processes outof the province of upper management. To reflect the new set of internalcustomers the name of the department changed to information system.
Therise of the company application brought a new set of information system task inthe 1990s. Better services were provided to the consumers than the competitorswhich made the companies succeed. A wider range of applications were handledthan the MIS department like ordering entry, accounting, budgeting and supplychain management and sales force automation.
Most of the tasks were not solely propertyof the information system department. Outsourcers and outside vendors alldemanded a share of the company computing. Inthe company’s architecture information system became a strategic director ofthe software and hardware technologies also less of controlling central entity.The name has changed again to reflect the new role which is informationtechnology. Today in various context, management information system is usedbroadly, which includes project management or database reclamationapplications. Eventhough the boundaries between the management information system and informationtechnology have become unclear over the years, MIS covers systems that aredangerous to the company’s ability to survive which also includes order entryand accounting. Theimportance of MIS should be understood by the upper management in the situationof company revenue. In most of the businesses MIS grips legacy software andhardware which is coded by the programmers, who has not left any documentationfor the systems.
The company upgrades systems and it involves high risks. Today,technology is very important. In the business world, technology has helpedhighly, no matter small or big. It has helped in terms of management, products,manufacturing or marketing. Technology has also helped organization, Managersor workers to work more efficiently, to request a problem, consider its difficultyand produce new goods and services. Therefore, improving productivity andoutput. Businessrequires to maintain stock to demand without investing more than what they require.Management information system identify the quantity of each item a companymaintains and order of additional stock by using a way MIS.
It has become moreimportant to the organization because they need to maintain stock to meetcustomer demand. Using technology in MIS, it helps to track quantity of everyitem a company maintains. Companiesuse technology to improve the way of design and manage customer relationship. MIScaptures relations a company has with their customers so that they experiencemore gain.
In case a customer calls the center and reports an issue, thecustomer relation officer will be able to see what the customer has purchased,check the delivery information call the training manual for the item andrespond to the issue. Since the computerized systems is used widely, it is theadvantage to incorporate technology in organization. Technology provides many advantageto the business world, like allowing the organization to work more efficientlyand increase efficiency. Technologyhelps in storage system of important data or documents to protect the companyrecords.
Storage system helps the company to keep the information safe allowingcertain users to access, withdraw or change the documents. Technology canaccess the remote network of company. It allows one to work from anywhere. Of allthis it will help increase efficiency even if physical work is done in theoffice. Evenif technology can be directed towards specific ends the scope of technology isunfocused outside of computing processes. MIS begins with a focused purpose itaddresses the needs of business management.
Technology supports and informs themethods of reaching MIS objectives. Eachorganization need to find a way to do more work in a short amount of time. Therefore,the efficiency of technology by using MIS has taken the burden off employers. Inthe business world, communication plays an important role in maintaining therelationship between employees, customers and suppliers. In that case, the useof technology can simplify the way to communicate through networking. Which meansthe customers, suppliers and employees can communicate anywhere throughnetworking. Nowit can be seen that technology has become very important in today’s world,since it helps in simplifying the work. Therefore, most of the companies usetechnology in business to improve their performance and make it successful.
Thespeed gain and sharing information use a technology which makes the businessimprove performance.