Question

Please use a real business example to explain how MIS improve business processes. You need to include at least four aspects.

Answer 1

MIS or Management Information System has revolutionised the ways in which the modern business is run and efficiency is the greatest weapon. No business can survive without the help of MIS. In the word, especially big companies use it from maintaining the staff data to managing their factories, storehouses etc.

• Ease of Use: Earlier the inventories were handled by counting them manually and writing them and the same information has to be passed on to factories, stores etc to know their status but with MIS, a person with less training can understand the system and work it out
• Time saving: The system helps in saving time as the data which had to be passed on t warehouses, factories and stores seperately can be just feeded in the computer and is available to others in a fraction of seconds.
• Reliable: Counting inventories and work like that have chances of human error which can lead to wastages and loss of money but with MIS, such wastages can be curbed as it is more reliable.
• Increases efficiency: In the modern scenario, time and efficiency with which work is done is key to attract customers and also build goodwill for the business where MIS can help as information is available to all in seconds.