18 June 2010
What it stands for me already aware..but what it incorporates in itself that's doubted..specially in relation to pharma sector...Also whether it is prepared for whole unit or department wise or cost center wise...
18 June 2010
MIS is management information system.
Management information system (MIS) is a system or process that provides information needed to manage organizations effectively [1]. Management information systems are regarded to be a subset of the overall internal controls procedures in a business, which cover the application of people, documents, technologies, and procedures used by management accountants to solve business problems such as costing a product, service or a business-wide strategy. Management information systems are distinct from regular information systems in that they are used to analyze other information systems applied in operational activities in the organization.[2] Academically, the term is commonly used to refer to the group of information management methods tied to the automation or support of human decision making.
It may be prepared according to the requirements of the company and there is no specificed format or procedure.