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MIS IN

MANUFACTURING
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 .
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 TYPES OF FINANCIAL MIS REPORTS :  

MIS MIS is monthly, Quarterly, yearly


 Strategic plan or corporate policies. statements and records to Management
of Company.MIS Statement Includes for
 The Transactional processing E.g.
System: 
 Order processing
 Inventory data  Market Analyses.
 Receiving and inspecting data  Profit and Loss account
 Personnel data  Balance sheet
 Production process  Cash Flow
 External sources   Fund Flow
MANUFACTURING MIS  Budgeting - Periodic & Product wise
SUBSYSTEMS AND OUTPUTS  Standard costing - Marginal costing
 Design and engineering data.
 Master production scheduling
 Trial Balance.
 Inventory control
 Day to day current asset and current
liability.
 Manufacturing resource planning

 Just-in-time inventory and


manufacturing
 Computer-integrated manufacturing
Chapter : 3 MIS at Magppie
International Ltd .
Functions Provided
 by Corporative
S a le Pu rch a s
Current MIS : S yste e Management
 PLANT ( MANUFACTURING & System
MAINTENANCE ) m S yste m
 MIS Reports and stoppage
Module, Stock position.
 Daily stock, issue position
and bill passing.
 Work Order prepared by Inventor Production
authorized person y System Package

 COMMERCIAL APPLICATIONS
 Repair & maintenance
inventory, Department Wise
Expenses. Costing Payroll and
 Transport Bill passing module. Financia Package leave
l System Management
 Purchase and freight bill
passing system

 Architecture Of MIS at Magppie


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.

Chapter 4 : MIS of Inventory
Management
 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.


MIS Report Comprises

Bill
Bill
Under
of the following Charge/
Passing
Passing Over
Data Flow Diagrams : Charge
 Inventory Package
Context Level Diagram Procedure
(CFD) Freight (calculatin
g Avg Rate)
 Inventory Package Issue
DFD.
Ledger
 Inventory Purchase DFD
BP/BR, Return,
 Data Processing Diagram DR/CR, Table

(Full Inventory
Module).  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. Benefits of MIS


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