using artificial the following abstract
Decision making is an integral part of the functioning of any organization. To facilitate Decision
making in this ever-competitive world it is imperative that managers have the right information
at the right time to bridge the gap between need and expectation. To facilitate better flow of
information adequate Management Information Systems (MIS) is the need of the hour. Thus it is
important to have an understanding of the MIS followed in an organization by all levels of
management in order to take effective decisions.
A management information system collects and processes data (information) and provides it to
managers at all levels who use it for decision making, planning, program implementation, and
control. The MIS has many roles to perform like the decision support role, the performance
monitoring role and the functional support role.
To get a realistic and holistic view of the MIS, MIS of MCC Limited (Name disguised) was
taken as a case study. To get a more detailed understanding of a particular function of the
company, we studied the need, uses and benefits of MIS with respect to the Material Department
of the company. Inventory Management was of prime focus in our study.
Electronic copy available at: http://ssrn.com/abstract=2174035
MCC Limited is one of the first Indian companies to realize the potential and importance of
information technology and adopt automation and IT. The organization started computerizing its
systems as early as 1968.
The organization has traveled a long way from the days in 1968 when it was using simple
keypunching machines. Significant improvements have been made in the application systems
and infrastructure. From Batch processing to on-line systems, from IBM1401 to the latest UNIX
and Windows 2003 based machines it has made timely transitions determined by available
technologies and business requirements. The MIS has greatly facilitated and synchronized the
information flow in the organization and the management feels that is has played a role in the
growth and increased performance of the company.