IMPORTANCE OF MIS-Advanced EXCEL

• The MIS Advanced EXCEL is an idea for collecting information’s from the internal and external source and processing this information for the purpose of facilitating the process of decision-making of the business.

As we all know that MIS is not new, only the computerization is new, The computer has added on more valuable dimensions of data that permit the alternatives in the decision-making process.

  The scope and purpose of MIS is better understood if each part of them is defined individually, thus

IMPORTANCE OF MIS-Advanced EXCEL

1. MANAGEMENT: Company Management has been defining in the process that describes what managers do in the operation for their organization plan, initiates organize and control operations. MIS person may plan by setting goals, strategy plan and selecting the best of action to achieve the goals.

The best part of decision-making is a prerequisite of the foregoing process, the job of MIS Advanced EXCEL executive is facilitating decisions necessary for the plan , implement and analyze the work of the business so that specified goals of the business are achieved.

2. INFORMATION: It is the data that are facts and figures and not currently being used in the decision-making process.Information consists of data that have been processed and retrieved as per requirement. Information is the main source and life blood of an organization, particularly in the scenario of system approach management. The MIS  can be defined as the knowledge communicated by others.

3. SYSTEM: System is a set of elements or entity joined together for a common objective. All main systems having their own subsystems i.e. Divisions, departments, functions, unit etc are the subsystem.

The MIS has more than one definition, some of which are given below:

   I.   The MIS is defined as a system which provides the support and information for decision-making in the organization.

  II.   The MIS is also defined as a computer based information system that provides speedy access to accurate data.

Thus, MIS is a set of the computer based system to help managers in their routine job of decision-making and planning, expansion and core development.

The objective of MIS is to provide information for a decision support. It should help in such a way that the business goals are achieved in the most efficient manner with productivity.

The actual MIS Advanced EXCEL process relates to:

A.       Collection
B.       Organization
C.       Distribution
D.      Wide information Storage
E.      Analysis of data Managerial control

Hence MIS focuses on:

     i.            Organization wide information
     ii.           Decision-making process
     iii.          Analysis
     iv.          Computer-based system


More Information Visit Here:- Advanced EXCEL