Mis - Walmart
MIS IN WALMART
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
INTRODUCTION
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such as tracking inventory, billing, sales, or payroll data, with little detail or structure but now days it has been replaced by the advanced techniques like ERP, EPM, SCM and SAP.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 information systems in that they are used to analyze other information systems applied in operational activities in the organization.
HISTORY OF WALLMART
Sam Walton who is a businessman from ARKANASAS, begin his carrier with retail industry and started working on June 3, 1940. On July 2 1962 he opened first walmart discount city store located in ARKANASAS. Walmart is one of the most technically advanced companies in the world and reason behind this is availability of accurate and up to date information which intern a basis of its growth in the market. And for collecting the accurate information on time it is necessary that management should continuously review the information, which is possible only by an integrated management system. Walmart became one of the first companies in retail sector to use MIS.
MIS IN DIFFERENT FUNCTIONS OF THE ORGANISATION: 1.OPERATIONS:
In the world of retailing, Wal-Mart has what is considered to be the most sophisticated distribution system called Retail Link. This system connects each store with headquarters and over 2,000 suppliers so that they will never run out of or have too much inventory. Wal-Mart turns over their inventory more than any other retail store. The current challenge exists
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
INTRODUCTION
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 information systems in that they are used to analyze other information systems applied in operational activities in the organization.
HISTORY OF WALLMART
Sam Walton who is a businessman from ARKANASAS, begin his carrier with retail industry and started working on June 3, 1940. On July 2 1962 he opened first walmart discount city store located in ARKANASAS. Walmart is one of the most technically advanced companies in the world and reason behind this is availability of accurate and up to date information which intern a basis of its growth in the market. And for collecting the accurate information on time it is necessary that management should continuously review the information, which is possible only by an integrated management system. Walmart became one of the first companies in retail sector to use MIS.
MIS IN DIFFERENT FUNCTIONS OF THE ORGANISATION: 1.OPERATIONS:
In the world of retailing, Wal-Mart has what is considered to be the most sophisticated distribution system called Retail Link. This system connects each store with headquarters and over 2,000 suppliers so that they will never run out of or have too much inventory. Wal-Mart turns over their inventory more than any other retail store. The current challenge exists