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MIS INMANUFACTURING INDUSTRY
Objective of the Study
Decision making is an integral part of the functioning of any organization. Thus the objective of this study is:
To prepare a Management Information System (MIS) Report that collects and processes data (information) and provides it to managers at all levels who use it for decision making, planning, program implementation, and control.
This report has many roles to perform like the decision support role, the performance monitoring role and the functional support role.
Chapter 1: About Magppie International Ltd
THE COMPANY AT A GLANCE:
Magppie, a design led brand for premium home accessories, is a Public Ltd. Company incorporated on 26th April 2001.
Engaged in the business of export of Stainless Steel Kitchenware, Tableware & other household articles.
Enjoys an international presence in over 20 countries including Italy, Denmark, Greece, Japan, USA and Australia.
More than100 retail locations across 21 cities in India.
In last three consecutive years, Magppie has thrice been awarded the 'Red Dot Design Award‘.
INDUSTRY OUTLOOK: The manufacturing process of Stainless Steel House wares involve:
The basic raw material for manufacture of S.S. House ware is S.S. Coil /Sheet, which is easily available in India and is also imported from Thailand, France & China.
The firm’s markets are presently located in Europe and North America. Its main customers are : WALMART, TARGET STORES, EUROPASONIC U.K. LTD, MGB METRO GROUP, MACYS MERCHANDISING GROUP, CATALUNA, EUROMARKET DESIGN INC, MARKS AND SPENCER etc.
Cutting of the S.S. Sheet
Pressing to give Specific
Shape
Polishing the pressed Material
Packing in Corrugated
BoxesFinal Product
Chapter 2: Management Information System
DEFINITION OF MIS: Management information system (MIS) is a system or process that
provides information needed to manage organizations effectively. An 'MIS' is a planned system of the collecting, processing, storing and
disseminating data in the form of information needed to carry out the functions of management.
NEED FOR MIS: For taking rational decisions, timely and reliable information is essential. In today’s world of ever increasing complexities of carrying out business
and in order to survive and grow. For the organization to achieve its goals and objectives.
MANUFACTURING INDUSTRY OVERVEIW: Have extensive inventories to track and move, a greater number of products to
generate, numerous suppliers to negotiate with and quality standards to maintain. Have complex supply chain, internal manufacturing, and operations along with meeting
their distribution and customer requirements. Every manufacturing company is different - different processes, different tracking
systems and different challenges.
MANUFACTURING INDUSTRY REQUIRES MIS BECAUSE: Inventory control programs can forecast future production, automatically reorder items,
determine manufacturing costs and develop resource requirements plans. Manufacturing Requirements Planning (MRP) programs help coordinate thousands of
inventory items when demand for one item depends on demand for another. A Just-in-time (JIT) inventory approach ensures inventory and materials are delivered only
when they are needed. Computers can directly control manufacturing equipment using computer-assisted
manufacturing software. The manufacturing MIS subsystems and outputs monitor and control the flow of materials,
products, and services through the organization.
INPUTS TO THE MANUFACTURING MIS Strategic plan or corporate policies. The Transactional processing System:
Order processing Inventory data Receiving and inspecting data Personnel data Production process
External sources MANUFACTURING MIS SUBSYSTEMS
AND OUTPUTS Design and engineering Master production scheduling Inventory control Manufacturing resource planning Just-in-time inventory and
manufacturing Computer-integrated manufacturing
(CIM) Quality control and testing
TYPES OF FINANCIAL MIS REPORTS: MIS is monthly, Quarterly, yearly statements
and records to Management of Company.MIS Statement Includes for E.g.
Market Analyses. Profit and Loss account Balance sheet Cash Flow Fund Flow Budgeting - Periodic & Product wise Standard costing - Marginal costing data. Trial Balance. Day to day current asset and current
liability.
Chapter: 3 MIS at Magppie International Ltd.
Functions Provided by Current MIS:
PLANT (MANUFACTURING & MAINTENANCE) MIS Reports and stoppage Module,
Stock position. Daily stock, issue position and bill
passing. Work Order prepared by authorized
person
COMMERCIAL APPLICATIONS Repair & maintenance inventory,
Department Wise Expenses. Transport Bill passing module. Purchase and freight bill passing Architecture Of MIS at Magppie
Sale System
Purchase System
Corporative Management System
Inventory System
Production Package
Costing PackageFinancia
l System
Payroll and leave Management system
FINANCIAL MIS REPORT FOR THE YEAR 2009 – 2010 OF MAGPPIE
MIS report includes the following details:
Profit and loss A/C statement of the company Balance sheet of the company Debtors ageing Creditors ageing Details of raw material consumed Details of change in finished goods and semi finished goods. Annual stock valuation detail.
Current MIS of the company is basically an In-house developed system, comprising of few specialized readymade software packages.
It comprises of main modules covering all the main functions of the inventory management.
Its main parts include Inventory issue, purchase, bill passing, freight passing, stock updating etc.
Chapter 4: MIS of Inventory Management
Data Processing Diagram (Full Inventory Module)
Bill Passing
Freight
BP/BR, Return,
DR/CR, Table
Procedure (calculating Avg Rate)
Under Charge/ Over Charge
Ledger
Bill Passing
MIS Report Comprises of the following Data Flow Diagrams:
Inventory Package Context Level Diagram (CFD)
Inventory Package Issue DFD.
Inventory Purchase DFD Data Processing Diagram
(Full Inventory Module).
Chapter 5: Limitations & Recommendations
LIMITATIONS OF THE STUDY:
The time horizon was very short. The project is dependent on the older versions of accounting software. The study has been done on only a handful of data.
RECOMMENDATIONS:
Financial department of the company should now work towards integrating the system on a higher level and making the company Paper-Less Office.
The company should also start Web-Based ordering and selling. Company needs to upgrade its network. Training the managers of the company about effectively using the added
functionalities and use of them in a better way.
Chapter 6: Conclusion of The Study
An MIS Report on Financial Information seek answers to the following Questions:
(1) How is the business doing? (2) How is the business placed at
present? (3) What are the future prospects of the
business?
Also, an MIS Report for the Stock or Inventory is one of the most important parts of the day to day working. It is highly integrated with the other modules and capable of functionalities like Auto Alarming when inventory is low.
MIS
Productivity
Efficiency
Profitability
Stability
Benefits of MIS
THANK YOU
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