Wednesday, February 17, 2010

Benefits of MIS


Benefits of MIS

MIS can deliver great benefits to enterprises in every industry.


Better Planning and Control

MIS is designed and managed in such way that it aggregates information, monitors the company's activities and operations and enhances communication and collaboration among employees. This ensures better planning for all activities and better ways to measure performance, manage resources and facilitate compliance with industry and government regulations. Control helps in forecasting, preparing accurate budgets and providing the tools and vital information to employees, top management and business partners.

Aid Decision Making

MIS can generate synthesized and processed information from computerized/automated and certain manual systems. Information distribution to all levels of corporate managers, professionals and key executives becomes quite seamless with streamlined MIS. Managers are able to make quick, timely and informed decisions. Top management and board members can take strategic decisions, plan future growth and business expansion activities based on the data and information generated by MIS.

Core Competencies

MIS systems provide the tools necessary to gain a better understanding of the market as well as a better understanding of the enterprise itself. Every market leading enterprise will have at least one core competency – that is,

“a function they perform better than their competition”.

By building an exceptional management information system into the enterprise it is possible to push out ahead of the competition.

Enhance Supply Chain Management

Improved reporting of business processes leads inevitably to a more streamlined production process. With better information on the production process comes the ability to improve the management of the supply chain, including everything from the sourcing of materials to the manufacturing and distribution of the finished product.

Quick Reflexes

As a corollary to improved supply chain management comes an improved ability to react to changes in the market. Better MIS systems enable an enterprise to react more quickly to their environment, enabling them to push out ahead of the competition and produce a better service and a larger piece of the pie.

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