Management information systems (MIS) provide data to inform company decision making, reduce waste and increase profits. MIS in company management provides a broad picture of company performance, acts as a planning tool, emphasizes strengths and weaknesses, helps improve performance and illuminates levels of organizational efficiency. All levels of management, departments and even customers can use the information generated through various MIS data to inform decisions like buying, hiring, reorganizing, pricing, marketing and budgeting.
MIS application in business falls into several different categories that provide information on all forms of functioning within an organization. Executives and departments within an organization could obtain any of the following forms of data:
Whether you recognize it or not, you have probably used an MIS application in your day-to-day life as a customer. When you sort and filter your search on your favorite clothing site, you are actually using MIS. Nearly everyone in an organization uses MIS business applications, whether it is the salesperson using an order screen, the hiring manager choosing a new employee or the CIO making major reorganizational shifts to keep a company in the black. MIS in company operations makes business as we know it faster, more accurate and more profitable.
The better a company's MIS business applications, the easier it is to make key decisions. In order to improve MIS in company decision making, examine what is working or not in your organization. If your MIS reports show increasing sales, but you are still in the red, try adjusting your supply chain management system. If human resources show low productivity, yet increased profit, consider removing parameters from the human resource management system. When in doubt, MIS consultants can audit your current systems to help you get the results you are hoping for.
Anne Kinsey is an entrepreneur and business pioneer, who has ranked in the top 1% of the direct sales industry, growing a large team and earning the title of Senior Team Manager during her time with Jamberry. She is the nonprofit founder and executive director of Love Powered Life, as well as a Certified Trauma Recovery Coach, certified HRV biofeedback practitioner and freelance writer who has written for publications like Working Mother, the San Francisco Chronicle, the Houston Chronicle and Our Everyday Life. Anne works from her home office in rural North Carolina, where she resides with her husband and three children.
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