How to make MIS report in Excel and functions of MIS

Functions and benefits of MIS

What is MIS?

The management Information system is an information system utilized for diverse purposes such as decision making, coordination controlling and information visualization in an organization. The increasing numbers of organizations are using MIS for effective management and improved efficiency. It leverages the information in the organization for making profits and increasing the value of the business. 

MIS is a people-oriented domain and uses the information to by emphasizing services with technology. If you enjoy going through the information then the MIS course will be ideal for you to get training and set a career path. With the voluminous presence of data, MIS stresses focus on business process and information technology. It is an upwardly career path.

Types 

• Decision support system 
• Executive Information system 
• Management information system 
• Accounting information system
• Human resource management system 
• Office automation system 
• School information management system 
• Enterprise resource planning 

Major functions of the Management Information system 

·         Enhanced quality of decision making: One of the most important aids of MIS is that it facilitates improved decision making. The accumulation of accurate information is used by the managers to make well-informed decisions. It contributes to enhancing the profitability of the companies. 

·         Better productivity: While processing information for the enhancement of productivity, MIS follows online transaction processing MIS helps in reducing the time and errors and cost of the process. This approach allows for accumulating the data as input and processing and updating the input data to offer valuable information. 

Customer integrated systems in MIS also facilitates to enhance productivity by authorizing the customer to process their transactions.

·         Efficient operations: By rendering the management with accurate information at the right time. MIS helps to increase efficacy in decision-making. It facilitates the managerial person to carry out tasks efficiently and at ease that leads to improved productivity.

·         Outstrip communication:  In MIS, the system allows a central communication channel and keeps the entire organization informed and enhances connectivity covering all the levels of management. It manages the communication across various teams in an organization. 

·         Organizational transformation: The organization leveraging Management Information systems are always ready to enter a competitive market and also to transform the way of conducting business.

·         Strengthen the company’s competitive advantage: The businesses can perform well when they reduce errors and eliminate weaknesses and stresses focus on improving the weakened areas. It helps to add to increase to the company's competitive advantage.

·         Reveal more data about customers: As more data is gathered by the organization regarding the needs of customers. The management team can cater to the customers' needs more effectively. 

Benefits of MIS 

MIS can be effective for establishing a seamless communication flow. It enables filling the gaps and driving performance at all levels in an organization. It removes communication obstacle sand provide appropriate information 

MIS provides accurate information promptly that can be utilized for making well-informed decisions. 

Apart from offering information to the managerial levels, MIS can be used to keep the entire organization informed.

In the present market need for MIS, professionals are creating a sure. Not only large scale business enterprises but small-scale businesses are also adopting MIS to enhance the efficiency and productivity in their business. You can learn all the concepts and in-depth functionalities in MIS training at KVCH. It offers comprehensive MIS Course based in latest-industry based live projects and real-time scenarios.