Presented by:Anil kumar Panigrahi(07) Ved Prakash Tiwari(80) Anurag Karmakar(18)

Industry Outlook:
The manufacturing process of Stainless Steel House wares involve: The basic raw material for manufacture of S.S. Coil/Sheet, which is easily available in India and is also imported from Thailand, France & China. The firms markets are presently located in Europe and North America. Its main customers are : WALMART, TARGET STORES, EUROPASOPNIC U.K. LTD, MGB METRO GROUP, MACYS MARCHANDISING GROUP, CATALUNA, EUROMARKET DESING INC, MARKS AND SPENCERS etc.

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. MIS is a system or process that provides information needed to manage organizations effectively.

NEED FOR MIS :

For taking rational decisions, timely and reliable information is essential. In todays world of ever increasing complexities of carrying out business and in order to survive and grow. For the organization to achieve its goal and objectives.

MANUFACTURING INDUSTRY OVERVIEW:

Have extensive inventories to track and move, a greater number of products to generate, numerous suppliers to negotiate with and quality standard 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 depend for one item depends on 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 MIS

MANUFACTURING MIS SUBSYSTEMS AND OUTPUTS

Strategic plan or corporate polices. The Transactional processing System: Order processing. Inventory data. Receiving and inspecting data. Personal data. Production process. External sources

TYPES OF FINANCIAL MIS REPORTS:

MIS is monthly, Quarterly, Yearly statements and records to Management of Company. MIS Statement includes for E.g. Market analyses. Profit and Loss Account Balance Sheet Cash Flow Fund Flow Budgeting Periodic & Product wise Standard costing Marginal costing data. Trial Balance. Day to day current asset and current liability.

Design and engineering Master production scheduling Manufacturing resource planning Just-in-time inventory and manufacturing Computer-integrated manufacturing

Functions provided by current MIS:

PLANT (MANUFACTURING & MAINTANENACE) MIS Reports and stoppage Module, Stock position. Daily stock, issue position and bill passing. Work Order prepared by authority person COMMERCIAL APPLICATIONS Repair & maintenance inventory, Department wise expenses. Transport Bill Passing module. Purchase and freight bill passing.

FINANCIAL MIS REPORT FOR THE YEAR 2009-2010 OF MIGPPIE

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.

An MIS Report on Financial Information seek answers to the following Questions:

1. 2. 3.

How is the business doing? How is the business placed at present ? 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 .