Prerequisites of MIS
1. Should give valid information.
2. Should be management information system.
3. Should support the decisions taken.
4. Should be a unified system.
5. Should not be a manipulated information system.
Continue Reading »

Role of MIS
1. Helps in quantitative as well as qualitative decision making process.
2. Helps in minimizing the element of surprise.
3. MIS helps decision maker to give a certain response, which may be either re – active or pro – active in nature.
4. Acts as a defensive mechanism as well as functions as a weapon for an offence.
5. Helps in creating a work culture based on information, in an organization.

Characteristics of MIS
MIS acts as a multi – disciplinary subject, depending heavily upon the various disciplines like management accounting, management science, organizational behavior, operations research, computer science etc. Nowadays MIS is totally based on the computers, but in the beginning it started with the electronic data processing, then it moved to the information systems, decision support systems, executive support systems etc.
Continue Reading »

Introduction to Management Information System
Everyone in today’s world wants quick access to information – as it is said that time waits for no one and as the time passes, it leaves a heavy load of changes behind. With the changing time, a lot of changes have come in the society – from barbarian to the agrarian society, further to the industrial society and from the industrial society to the service sector. All this accompanied with itself, a lot of changes in the thinking of the people.

Now we all are living in an era which demands everyone to think globally and act locally (Glocalisation), as the various business operations with time are becoming more and more complex in working.
Continue Reading »

Introduction to Six Sigma
In today’s competitive world – there is no room for any type of error, everyone wants quick and efficient access to information, products and services – so it has become very important and mandatory to bring some critical changes, in the ways by which a company conducts or carries its various business activities. The company should make it a point to delight their customers by fulfilling their expectations. To help this cause, six sigma plays a very critical role as it lays a lot of emphasis on “Quality must become a part of the culture”

Theory behind six sigma
Six sigma was pioneered by Bill Smith at Motorola in 1986 – in the beginning six sigma was just considered as “a metric for measuring defects and improving the quality”, but now six sigma has spread its wings in all the directions and has grown beyond just controlling the defects. Six sigma is now a registered service mark and a trademark of Motorola, Inc.
Continue Reading »

Variations in Gantt charts (Load charts)
Gantt charts are used with a lot of variations in order to prepare load charts. Indicating the load by numerals is one of the methods. Load charts are generally required for knowing the accumulated load at a given time for a given machine – a load chart also specifies the work which is to be carried out in each section or each department of the company, during the period under review. During the preparation of the load chart, one must be careful about the following –

Continue Reading »