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

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