Management information system

Extract

[...] By the 1960s “management information systems” were used to generate a limited range of predefined reports, including income statements (they were called P & L's back then), balance sheets and sales reports. They were trying to perform a decision making support role, but they were not up to the task. By the 1970s “decision support systems” were introduced. They were interactive in the sense that they allowed the user to choose between numerous options and configurations. Not only was the user allowed to customize outputs, they also could configure the programs to their specific needs. [...]

[...] Technology advances have increased both the availability and volume of information management and the directors have available for both planning and decision making. Correspondingly, technology also increases the potential for inaccurate reporting and flawed decision making. Because data can be extracted from many financial and transaction systems, appropriate control procedures must be set up to ensure that information is correct and relevant. In addition, since MIS often originates from multiple equipment platforms including mainframes, minicomputers, and microcomputers, controls must ensure that systems on smaller computers have processing controls that are as well defined and as effective as those commonly found on them traditionally larger mainframe systems. [...]

[...] OBJECTIVE OF THE STUDY The work aims to understand the concept of Management Information System and its functioning in the organization operating in the present era of competition and globalization where the prime concern of the organizations is to maximize profit and reduce costs. The focus of the study is the MIS of BPL Display Devices Limited. The objective is also to gain insights into the software interface used in the form of Oracle based applications in the organization. The work finally aims at finding out the benefits and drawbacks, if any, associated with this concept and the possible measures that may be taken to nullify them. [...]

[...] MANAGEMENT INFORMATION SYSTEM: A DEFINITION Management Information System is defined as a system that collects or retrieves, processes, stores, and distributes information to support decision making in an organization. MIS and the information it generates are generally considered essential components of prudent and reasonable business decisions. So MIS refers broadly to a computer-based system that provides managers with the tools for organizing, evaluating and efficiently running their departments. In order to provide past, present and prediction information, an MIS can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications, and any computerized processes that enable the department to run efficiently. [...]

[...] Note: All the processes are sending requisite reports to the commercial department Level-1 DFD: Managing Inventory Level-2 DFD: Managing Inventory Level-1 DFD: Customer Order Process Level-1 DFD: Purchase Order Process The data and information flow through various divisions of the company are managed through Oracle based applications. Some of the snapshots and their subsequent descriptions are mentioned below: This shows report specifically to the purchase side of the transaction. All reports could not be displayed due to size constraint. Request for any report could be given by an employee and it will be displayed to him if his position permits. [...]