Assignment 1 Submission Date: Week 6 Below is information you will require for your assignment 1. It provides a short introduction about what is Management Information System its advantages and the...

A management information system (MIS) is a tool for gathering, organising, processing, and analysing corporate data so that it may be transformed into useful information. A company's MIS is likely to be more sophisticated the more complicated its activities are. By gathering the data obtained by multiple staff members and keeping it in a standard and accessible way, a MIS is utilised to considerably increase the efficiency of report production and data analysis.
The most modern MIS operations include cloud technology and are capable of analysing productivity changes over time, responding to data-related questions, and highlighting data that suits current requirements. The size of the organisation will determine if it has a department for management information systems (MIS) and a team of trained IT professionals to handle its intricate data management needs. In addition to the decision-makers, many of the other employees of the organisation could be able to access and use the MIS data.
1.
The organization's information system is managed by MIS through the use of a computerized system.The management decision-making process greatly benefits from the use of management information systems (MIS).MIS greatly enhances the management tasks of efficient and successful planning and control.
MIS would be helpful in completing tasks by providing management with quick information.It provides executives with crucial information for effective management control, strategic planning, and organizational control.
Managers at all levels of management have very different information needs due to the nature of their jobs and, in particular, the fact that they are responsible for making decisions.The majority of the information managers need, such as accurate, timely data, comes from MIS.
The economics of information requirements.
In numerous ways, MIS always improves the efficiency of organizations.The following functions illustrate the economics of information demands.The following are examples:
Management of Operations.
· On a daily or weekly basis, MIS provides extremely precise and comprehensive information to guarantee organizational control.
· For example, a factory supervisor needs to know if material waste is unnecessary, if expensive overruns are expected, or if a job's deadline has passed.
· From everyday activities, MIS provides a significant amount of timely and trustworthy information.
Management in the middle
· Middle-level managers want details about issues affecting their divisions, such as significant supplier issues, rising demand for a particular product line, sharp declines in income, and so on.
· From inside and outside the company, MIS provides concise information on these subjects.
Management at the top.
· Strategic planning and managerial oversight may be facilitated by MIS-provided data for top executives.
· The significance of the information produced by a MIS is determined by its consistency, volume, timeliness, and relevance to management behavior.It is essential to strike a balance between the benefits of the data and the cost of collecting it.
· MIS provides reports on the company's entire financial performance, including information on quarterly sales, earnings, inventory management, and movements, among other things, to guarantee top managerial authority.
· Management work and, in that regard, managerial decision-making require a lot of current information.MIS must provide managers with information in a manner that meets their information requirements.We offer a guide on how to take the manager's information needs into more holistic consideration in order to guarantee that MIS will provide information that meets the manager's needs.
Impact of the Information System:Positive and Negative
Positive impact
Because of the information's accessibility and speed, users can quickly achieve an objective.One of them, for instance, is able to buy things online and access other connected devices like a smartphone, computer, or tablet.
Founded a new startup in which numerous new businesses, particularly in Indonesia, use a variety of containers to generate concepts and ideas.The large community's need for information systems typically drives this startup.
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