Master of BUSINESS ADMINISTRATIOn
Second Semester (MB0010)
MB0010 Operations Management
Roll No: 521062880
This is to certify that the project report entitled “Operations Management” Submitted to Sikkim Manipal University Center code 1822, is an original work carried out by SHILPI GUPTA
Roll No: 521062880
Learning Center: INSOFT Institute of IT & Management
Learning Center Code:
Date of Submission at Learning Center:
20 Dec 2011
Directorate of Distance Learning
Sikkim Manipal University
II Floor, Syndicate Building
Manipal – 576 104
Signature of Coordinator Signature of Center Signature of Evaluator
MBA – 3rd Semester
MB0010 – Set 1
Q1. What is MIS? Define the characteristics of MIS? What are the basic Functions of MIS? Give some Disadvantage of MIS?
Ans. Definition :
Organized approach to the study of information needs of a management at every level in making operational, tactical, and strategic decisions. Its objective is to design and implement man-machine procedures, processes, and routines that provide suitably detailed reports in an accurate, consistent, and timely manner. Modern, computerized systems continuously gather relevant data, both from inside and outside the organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose.
Characteristics of MIS:
MIS is mainly designed to take care of the needs of the managers in the organization.
MIS aids in integrating the information generated by various departments of the organization.
MIS helps in identifying a proper mechanism of storage of data.
MIS also helps in establishing mechanism to eliminate redundancies in data.
MIS as a system can be broken down into sub systems.
The role and significance of MIS in business and its classification is explained. It is possible to understand the various phases of development in MIS based on the type of system required in any organization.
Functions of MIS
1. Data processing
It includes the collection, transmission, storage, processing and output of data. It simplifies the statistics and reduces to the lowest cost by supplying an unified format.
2. Function of prediction
It predicts the future situation by applying modern mathematics, statistics or simulation.
3. Function of plan
It arranges reasonably the plans of each functional department in accordance with the restrictions afforded by enterprises and provides the appropriate planning reports according to different...
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