MIS: Management Information System In Tesco

MIS stands for Management Information System; it plays a crucial part in the business because it allows the flow of information between all levels of management as well as the different functional areas of the company. MIS is made out of the Decision support systems, Knowledge management systems, office automation systems, Transaction Processing Systems and the executive support system.

MIS helps managers by delivering reviews on their performance so that the company can inspect and control its activities as a whole. According to INC, with the help of this system, progress is measured by showcasing current data against planned and previous outcomes. With the ever growing information networks, companies like Tesco need to watch out for

The sources which are used need to be authentic and proven so that they will assist in the analysis of the data provided and decision making. They can be divided into two main categories which are Internal sources and External sources. The key source in internal sources are accounting records, they provide the details of past business transactions and are used to make financial reports. They show the current standing of the company, as in if the profit made losses or profits over the last few months but that is not the only thing that they show, they indicate details of products, personal information and details about an employee and many other things. External sources from which information is usually gathered are government policies, records, published documents, competitors, media and journals. Government policies provide information like taxation systems, laws for employment, environmental legislation, safety regulations and so on, where as the rest provides information about the

Regarding the observation methods, the managers’ role is to basically supervise their employees’ performance when interacting with clients. After that evaluation stage, the managers are able to assess if the system is working for them and if it is yielding any results and improvements. With the workshop method, Tesco organizes a workshop where people from different layers of the firm. There the people that are usually in charge of managing and using and systems present