Manufacturing: New Venture Tips #46

​Utilization of MIS (Management Information Systems) in Manufacturing Industry
By *Ameen Ahsan Strategy Consulting*

An organization succeeds by bringing together and managing certain resources in a productive way. The traditional list of resources comprises labor (manpower), money, material, managers, machines and facilities. Only over the past two decades has information come to be recognized as another resource, one that is crucial to the management of others and one, which under certain circumstances, may be substituted for them cost-effectively.

Information shares many properties with other resources: it has value and lends itself to the process of management. Information is a valuable resource and hence must be managed in a well-designed system so that managers are able to obtain relevant information timeously for their decision-making processes.

One of the major problems of organizations that make them fail may be insufficient utilization of the major resource of the organization, viz. information. Managers have to be aware of utilizing management information systems effectively to be competitive in the business world. Many entrepreneurs in the manufacturing industries in India may be unaware of the capabilities and use of an effective MIS.

Most manufacturing industries are possibly already using products of Information Technology. However, their awareness level of applying information technology to designing effective management information systems to overcome their specific problems needs to be investigated and determined.

To be effective in today’s dynamic and competitive business environment, a CIO, and indeed, an organization, must think in the system mode. Technological innovation has simplified the collection of data into sophisticated information systems. With appropriate management information systems in place, managers can focus their attention on the creative elements of management such as developing strategy, searching for new opportunities and competitive advantages, and optimizing the use of the organization’s resources.
 
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