04/09/2023 MFM, Semester-II 1

A PRESENTATION BY:

ANURADHA SAJWANAVINASH RANJAN

CHANDERBHAN KUMARKARUNA DHANUKA

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• Refers to information that is timely, accurate and relevant in relation to a particular situation.

• Helps managers decide what to do in a particular situation.

• Made up of interdependent components that form a whole system.

• Each component serves a specific purpose & at the same time interacts with other components to pursue a common goal.

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• An MIS can be defined as a combination of people, computers and procedures for collecting and organizing information to facilitate decision making

• An 'MIS' is a planned system of the collecting, processing, storing & disseminating data in the form of information

needed to carry out functions of management.

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• Transaction Processing Systems

• Operations Information Systems

• Decision Support Systems (DSS)

• Expert Systems and Artificial Intelligence

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• Core Competencies

• Enhance Supply Chain Management

• Quick Reflexes

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• MIS Expense

• Employee Training

• MIS Flexibility

• Information Flaws

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• ERP is principally an integration of business management practices and modern technology.

• ERP is an amalgamation of three most important components:

•1. Business Management Practices, 2. Information Technology3. Specific Business Objectives.

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ERP is a massive software architecture that supports the streaming and distribution of geographically scattered enterprise wide information across all the functional units of a business house.

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• Vendor Managed Inventory is a continuous replenishment program that uses the exchange of information between the retailer and the supplier to allow the supplier to manage and replenish merchandise at the store or warehouse level.

• In this program, the retailer supplies the vendor with the information necessary to maintain just enough merchandise to meet customer demand.

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• Reduced inventory

• Reduced stock-outs

• Reduced forecasting & purchasing activities

• Increase in sales

•Improved visibility results in better forecasting

•Reduces PO errors & potential returns

•Improvement in SLA

•Encourages supply chain cooperation

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Business Intelligence (BI) refers to skills, processes, technologies, applications and practices used to support decision making.

BI uses technologies, processes, and applications to analyze mostly internal, structured data and business processes while competitive intelligence, is done by gathering, analyzing and disseminating information with or without support from technology and applications

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• Includes wireless data capture and transaction processing.This technology provides additional functionality& benefits for product authentication.

RFID applications include:. Inventory management (raw materials, work in progress, and finished goods). Improved efficiencies in the shipping and receiving of goods. Reduction in 'shrinkage' (loss of goods or assets). Reducing 'out of stock' situations. Asset and resource tracking proving quality control. Improving quality control

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