Define management information system and its scope, Operation Management

Assignment Help:

Define Management Information System and its scope.

MIS: Management Information System is defined as a formal way of making available to management the accurate and timely information essential to facilitate the decision making process and allow the organisation's planning, operational and control functions to be carried efficiently and effectively.

The purpose is to aid decision making and not to automate the Decision making process.  Scope of management information system is:

- To give timely, relevant, accurate and all information.

- To give information to all functional managers as Production, Finance, Marketing and Personnel, R and D.

-  To give information to all level of management as Top level, Middle level and Low level managers for making intelligent decisions.

- To give information for Strategic Planning, Management Control and Operational Planning.

The MIS gives information on the past, present and projected future and on associated events inside and outside the organisation. The MIS gives the management the following main services:

 (i) Determination of Information requires.

 (ii)  Information Gathering.

 (iii) Information Processing.

 (iv) Information Utilisation.


Related Discussions:- Define management information system and its scope

Describe alabama electric for a claim, Fred Flowers works for Alabama Elect...

Fred Flowers works for Alabama Electric and is a resident of the State of Florida. Following a series of storms in the Northeast, Alabama Electric sent Fred to Virginia as part of

Want help double-checking my homework, Summer Tyme, Inc., is considering a ...

Summer Tyme, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $3.9 million. The fixed asset will be depreciated straight-l

Explain what is managerial problem solving, What is managerial problem solv...

What is managerial problem solving and how does it affect a business job?

Explain annual compensation cost of a fully-staffed, If a company pays a PA...

If a company pays a PAT member a base wage of $24,000, a PAT incentive bonus of $1 per camera assembled, a $75 quarterly bonus for perfect attendance, and annual fringe benefits of

Solution about losing a rental book, I have a question about losing a renta...

I have a question about losing a rental book. One of my rental textbook: legal Management environmental MGMT330 has been lost. I want to ask how I can do for this textbook. Do I ha

Explain recreation collects data on the number of cars, A state department ...

A state department of tourism and recreation collects data on the number of cars with out-of-state license plates in a state park. (The group's position is that more out-of-state p

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd