Mis for Manufacturing Industry

7521 WordsAug 1, 201031 Pages
MIS for Manufacturing Industry The automation in manufacturing companies has significantly improved in all areas of processing, but at the same time it has also created a staggering amount of data. Though IT departments have taken advantage of hardware improvements to economically store the increased data, there never seems to be enough time or resources to meet the needs of factory managers who face the “fact gap” that exists between the data and the usable information required to make real business decisions. For manufacturing/operations companies, getting the right information to the right people in a timely manner has never been more important than it is today – to reduce hidden costs, to increase production, and to maximize…show more content…
MIS has also some differences with Enterprise Resource Planning (ERP) as ERP incorporates elements that are not necessarily focused on decision support. MIS and the Manufacturing Sector An organisation succeeds by bringing together and managing certain resources in a productive way. The traditional list of resources comprises labour (manpower), money, material, managers, machines and facilities. Only over the past two decades has information come to be recognised as another resource, one that is crucial to the management of others and one, which under certain circumstances, may be substituted for them cost-effectively. Information shares many properties with other resources: it has value and lends itself to the process of management. Information is a valuable resource and hence must be managed in a well-designed system so that managers are able to obtain relevant information timeously for their decision-making processes. One of the major problems of organisations that make them fail may be insufficient utilisation of the major resource of the organisation, viz. information. Managers have to be aware of utilising management information systems effectively to be competitive in the business world. Most manufacturing industries are already using products of Information Technology. To be effective in today’s dynamic and competitive business environment, a manager, and an organisation, must think in the system mode. Technological innovation has simplified the
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