Advantage And Disadvantages Of Management Information System In An Organization

Also information systems assist with making decisions and business processes by formulating strategic plans and make decisions for the organisation longevity and prosperity. Additionally information systems add controls to employee processes, ensuring

Information systems interact with the organizations and influences the organization in many aspects of the whole organizational structure to the daily behavior. Information systems can enable strategies in four aspects including low-cost leadership, product differentiation, focus on market value and strengthen customer and supplier intimacy.

According to Laudon & Laudon (2014), information systems help company obtaining and analyzing customers’ data and information, recording business data and transactions, analyzing and budgeting current and future sales and activities of company. Sales patterns basis business needs to be monitored by information system, attention needs to be paid on updating sales price, checking on low inventories, and timely delivery to each store.

* A formal MkIS can be of great benefit to any organization whether profit making or non-profit making, no matter what its size or the level of managerial finesse. It is true today that in many organizations an MkIS is integrated as part of a computerized system. To manage a business well is to manage its future and this means the management of information, in the form of a company wide "Management Information System" (MIS)

Information system is a combination of hardware, software, infrastructure as well trained personnel who organized and facilitate planning, control, coordination and decision making within an organization. Information systems are also able to implement a vital integrated set of components for collecting, storing, and processing data. With this, it provided organizations with the necessary information, knowledge, and digital products needed. Information system bring the meaning of business applications that manage their operations, compete in the market place, manage accounts and human resources. This system have a vast variety of components that are crucial for a enterprise, business to function at his highest level, IT software is responsible that all system are reliable and up to date.

Furthermore, Management Information Systems (MIS) not only is based on software systems, but also includes set of business processes and useful resources that work to put the information together from tactical systems. The entire system is designed to the company to get tactical goals and meet strategies. Basically, the role of any MIS organization could be compared with the heart of a body. This means that information is the blood and MIS is the heart. For a good function of the body should be flow pure blood, because it will help to regulate correctly the brain. MIS has the same role in any organization, all information is collected from distinct sources to all needed destinations. Additionally, MIS plays a particular role of information generation, problem identification and communication because all of this help to improve and take right the decision making.

| MIS is a tool that assists executives and the general workforce in performing any tasks related to the processing of information. MIS and business systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making.

To determine the effectiveness of the chosen information system, SUC will use the collective information gathered by people, procedures, databases, and devices within the organization, which is known as using the Management Information System (MIS). This process begins with decision making. There are three stages in decision making: intelligence, design, and choice. Problems are discovered and information of what has caused the problem or what is needed

Management information systems, also known as MIS, are computer systems that direct business and organize operations or files. Many people wonder why

(Sivaprasad & JangaJe, 2012): With the introduction of Information Technology in the business, every organization that comprises IT has started to take benefits of this technology. This is done by attaining the advantage over other competitors in the market, by providing new features to the customers after incorporating technology at the operational side specially, increasing the operational speed and reducing the probability for any error in operations. (Wen, 2012): IT also assists higher management in the process of decision making.

Management Information system is an online database of financial informational organized and programmed that works to produces regular reports on operations for different level of management in a company. It can also be used and developed special reports for daily operations. Another purpose of MIS is to give feedback to the managers about their performance; and give the top manger oversight to monitor the whole company. Information shown by MIS shows the actual data over and against planned results from a year ago to manage the progress and goals. MIS use routine reports that are programmed and ran in intervals or on demand while others are obtained using built-in demand languages; displayed functions built into the system used for the

It is generally accepted that information is a vital commodity for the successful operation of today’s organizations. Nowadays modern business organizations are using computerized information systems in order to obtain such information. However as the technology advances rapidly the main issue is how can an organization should effectively use such an information system - which its management sometimes can be unpredictable - in order to effectively help the whole organization structure to improve and take the most out of it.

The purpose of this report is to explain what “Management Information Systems” (MIS) is. This report will discuss how management information system helps different departments in an organization. The functions and advantages of using MIS will also be examined in this report.

An information system is a base in today’s business world. Everything is electronic. In various businesses, the survival and ability to succeed strategic business goals is challenging without extensive use of information system. Businesses improve the efficiency of their operations in order to accomplish higher profitablity. Besides that, information systems are important tools available to managers for achieving higher levels of efficiency and productiviy in business operations. For an example, Zara uses the PDA technology to gather customer feedback and input.

There are very many types of information systems. Classification of information systems follows the organizational levels in which they are used or installed for use. For instance, there are management information systems; some of which will be covered in this project report. Management information systems (MIS), helps businesses meet their business objectives. Almost all organizations and businesses today use management information systems; be it large, small, startup or an established multi-national. This is for the sole reason that information systems have evolved from just being a tool to gain competitive advantage for businesses, to a vital tool, a necessity in the digital age we live in. Management Information Systems help managers make better-informed decisions and communicate with their superiors, as well as with all the stakeholders in the businesses their organizations are involved in.