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.

 

• Planning

• Control

• Operations

 

Features of MIS -

 

• Capable of handling voluminous data.

• Multi dimensional analysis can be done

• Quick search and retrieval of system.

 

Determinants of MIS -

 

According to Prof. Zani:

 

• Opportunity and risks

• Company strategy

• Company structure

• Management and decision making process

• Available technology

• Available information

 

Advantages –

 

• Saves time

• Increases managerial efficiency

• Technical assistance

• Decision making is easier

• Accuracy

 

Dis-advantages –

 

• Expensive.

• Requirement of experience EDP manager and staffs.

 

Reports generated-

 

• Audit report.

• Sales report department wise.

• Consolidated revenue analysis.

• Multiple reports.

• Stores, receiving, HR, Accounts, security, and all the major department can maintain reports and records through this system.

• Preparation of budget on the basis of initial data retrieved from the system.

• Consumption report.

• Cashiers summary.

• Void /cancellation report.

• Cover analysis.

• Popularity by menu item.

• Settlement report.

• In-house guest directory.

• Spoilage report and etc.