SUBMITTED TO: Prof. Vinay Bhushan SUBMITTED BY:
GROUP NO 09 SEC B ARPIT PAL SINGH (09) KARAN GUPTA (32) PRACHI AGRAWAL(55) SAURABH BAGLA(77) TUSHAR GUPTA (93)
MIS IN WALMART
A Management information system (MIS) is a system or process that provides information needed to manage organizations effectively. Management information system gives the business managers the information that they need to make decisions. Early business computers were used for simple operations such as tracking inventory, billing, sales, or payroll data, with little detail or structure but now days it has been replaced by the advanced techniques like ERP, EPM, SCM and SAP. Management information systems are distinct from regular …show more content…
The hub and spoke system enabled Wal-Mart to achieve significant cost advantages by the centralized purchasing of goods in huge quantities. And also the used of RFID technology (radio frequency identification) this technique is used to replace the bar coding technique and increase the efficiency of employees because with this employees are no longer requires to physically scan the bar code thus it improve efficiency and reduce the stock outs.
Wal-Mart built an automated reordering system linking computers between Procter & Gamble ("P&G") and its stores and distribution centres. The computer system sends a signal from a store to P&G identifying an item low in stock. It then sends a resupply order, via satellite, to the nearest P&G factory, which then ships the item to a Wal-Mart distribution centre or directly to the store. This interaction between Wal-Mart and P&G is a win-win proposition because with better coordination, P&G can lower its costs and pass some of the savings on to Wal-Mart. Thus walmart is efficiently using the MIS to achieve efficiency and cost minimization.
2. MARKETING FUNCTION (MIS)
Marketing activities are directed toward planning, promoting, and selling goods and services to satisfy the needs of customers and the objectives of the organization. Marketing information systems support decision making regarding