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What is MIS?

CA.Sonia (professional) (517 Points)

29 January 2010

cAN ANYONE TELL ME WHAT IS MIS DOES IF DIFFER FROM ENTITY TO ENTITY?

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6 Replies

N.Sivaraj (Manager _ F&A) (93 Points)
Replied 29 January 2010

MANAGEMENT INFORMATION SYSTEM. DETAILS ABOUT MONTHLY OPERATIONS PROFIT AND OTHER FINANCIAL AND NON FINANCIAL INFORMATIONS IN A CONTENSED FORMAT.COMPANIES MAY SET THEIR OWN FORMAT BASED ON THIER DATA REQUIREMENT

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Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 29 January 2010

MIS stands for Management Information system. MIS are basically the reports that the management requires from time to time i.e. on monthly, quarterly, hlfyrly or yrly basis. Such reports includes Debtors classification, creditors classification, monthly accounts, reconciliation statement, monthly budget sheets. these reports are depends on the requirement of management and its formats are also different from entity to entity.

regards,

ratan

CA.Sonia (professional) (517 Points)
Replied 30 January 2010

Thanks alot for such a quick reply.

Shimbhu Khokharia (Fresher) (21 Points)
Replied 05 February 2010

The MIS Report Includes:

IT spending
Communication with supply chain, including RosettaNet
Sales Channels
Systems Environment
Manufacturing Locations
Number of Companies Using Package and Average Rating of Package (shown by Revenue) for the following Categories
- Admin
  - Payroll
  - Personnel
- Engineering
  - Characterization
  - Design
  - Document Control
  - PDM
  - Place & Route
  - Simulator
  - Yield Mgt
- Finance
  - Account
  - Budgets
  - Product Costing
  - Project Costing
  - Purchasing
- Operations
  - ATP
  - Cap/Demand Planning
  - Inv/Warehouse
  - Logistics
  - MRP
  - WIP Tracking
- Sales
- CRM
- Demand Forecast
- Order Mgt
- SFA

The report also includes other detailed information and respondent comments.

Chintan Shah (-) (534 Points)
Replied 07 February 2010

Dear Sonia,

Information is something that is inevitable today.... It is something that is required by any level of management in their daily to daily decisions. MIS is a system within the organisation which provides the required information for decision making. For example, When you want to accept a order, you will need information regarding the cash or bank balance or working capital available, the capacity available in terms of the plant/ machinery, etc. The MIS will provide such information. Hence any system which provides information for decision making is MIS.. May it be computerized or otherwise. It just provides information and does not aid decision making process in any other manner like Decision support systems...

The MIS differs from company to company and it is created in customized fashion depending upon the requirements of each company.