Professional Documents
Culture Documents
MIS
MIS
Management
CADETS
1) Tushar Mali
2) Pavan Borade
3) Sachin Patil
4) Hemant Patil
5) Abhijeet Patil
6)Pramod Kokane
7) Viroj Satvi
8) Ganesh Jaiswal
What is MIS?
• Management Information Systems (MIS) is
the term given to the discipline focused
on the integration of computer systems
with the aims and objectives on an
organization.
• Provides information support for decision
making in the organization.
• MIS is an integrated system of man and
machine for providing the information to
support the operation .
• MIS is defined as a computer based
information system.
Objective of MIS
• MIS combines tech with business to get
people the information they need to do their
jobs better/faster/smarter.
• 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.
• MIS gives information to professionals work
as system analysts, project managers,
systems administrators, etc., communicating
directly with staff and management across
the organization.
Inventory Mangement
• Inventories are idle resources
maintained in various forms
– Raw material
– Purchase & manufactured parts
– Sub asssemblies
– Finished products
Work in
process
Vendors
Raw Work in FinishedCustomer
Materials process goods
Work in
process
Five Categories of Stocks
2. Cycle Stock
• Batch production owing to – economic of scale,
technological requirements
• Not consuming at same rate, so stock is accumulating.
Contd…
3. Seasonal stocks
• Time varying requirements of an item
• Sugar factory – sugar cane is stored in
large quantity because in certain season it
is not available.
4. Safety stock
• Uncertainties in Supply and demand & in
lead time.
• Vendor require time to place order.
Contd...
5. Stock held for other reasons
• Decoupling stages of production.
• Price, quantity & discounts.
• Speculation.
e.g. Trading of share
Inventory related costs
1. Procurement cost
ave = Q/2
Reorder point, R
Inventory Level
Supply Rate
Inventory Level
Demand Rate
Independent and Dependent
Demand Inventory
• Independent demand
– items demanded by external customers
(Kitchen Tables)
• Dependent demand
– items used to produce final products
(table top, legs, hardware, paint, etc.)
– Demand determined once we know the
type and number of final products
Independent vs. Dependent
Demand
Independent Demand
(finished goods and spare parts)
A Dependent Demand
(components)
B(4) C(2)