There can only be two types of people reading this post right now. First, are the ones who don’t know what MIS stands for, to begin with.
The second people are the ones who have a basic idea but they’re probably uncertain about creating an MI System or go about creating reports.
So allow me to start by stating what MIS starts for. MIS is an acronym for Management Information System. A Management Information System is either a hard copy or computer-based set of information about an organization. MIS generally helps the organizations for managing the institute and going about better and effective decision-making.
Relates Article: Action Plan
- Daily MIS Report
- Weekly MIS Report
- Monthly MIS Report
What Is A MIS Report Format (MIS) And Why It Is Important?
A Management Information System Report is a periodically generated record of a set of entities. For example, the manager of an art gallery needs a record of paintings sold in the month of June in 2016. The MIS should allow the manager to access the record from the required date and he/she should be able to print it out.
The generated report for the above example may have a list of all the paintings sold in the month of June in 2016 with other attributes like order id, customer name, time of purchase, etc.
Besides that, a manager may require his cashier employee to bring him a report listing all the sales at the end of the day.
An MIS Report can be as short as a single page or be as long as it doesn’t cover all the requirements. There’s no limitation to how long or short it has to be, but it has to provide the required information.
In not so formal situations, MIS reports are about entities like a List of names, inventory, a sales record, customer list, products, etc.
Management Information System Example:
This one’s a very outdated example but 10 or 20 years ago a college’s attendance register for faculty and student was also a Management Information System.
Apart from that, a large corporate sector like Pepsi or Coca Cola must require a Management Information System. Managing the distributors, delivery trucks, sales, employees, production, housing et cetera requires a well-managed system that puts that information into constructive use.
Not only that, but if we only consider the survival of organizations, effectively storing information is a must necessity in order to continue to go about business.
Therefore, ranging from a large corporate sector like Pepsi to Walmart and from Walmart to a Local shop an Information Managing System is necessary.
Creating a Management Information System (MIS) Report:
There are two types of MI Systems in use these days:
- Business Intelligence (BI) Software-based
As you may have guessed, one way to create MIS systems by yourself is using Microsoft Excel. For starters it allows you to write down your entities manually and you can start filling in the information.
For example, a shop owner needs to store the products’ information he currently has. He can use Excel to create a table named Products and names columns as Product Name, Product Price, Product Quantity et cetera. He may then similarly use the same procedure to design any other table such as sales history and use that to create Reports to operate effectively.
However, the problem with Excel-based systems is that they’re somewhat manual and that brings you to the next option.
Business Intelligence Software Based:
Nowadays, every organization from large corporate sectors to private firms to local shops has its own custom-designed software.
These Management Systems do not only store the information effectively but the businesses also use these systems to place orders and the system takes care of the calculation itself.
For example, the cashier you see at the Walmart generating you a receipt for your purchases is using an MIS. The employee does not have to worry about decreasing the quantity of product manually after each order, the MIS takes care of that itself.
Apart from that, the software has all the features of generating reports. The user may only have to enter dates to get a formally written, well organized MIS Report.
7 Simple Types of MIS Report Format
Although MIS report is the same for every business, little but different in some business like a warehouse, production unit, sales, and logistics.
Production MIS Report
In the production schedule, where workload must manage in daily basis create MIS report for the production department. The format is different in every production company, if multiple units exist in the same system then custom MIS report is the only option.
Manufacturing MIS Report
In manufacturing unit, although same to production MIS report. But the question is, any MIS report is suitable for a manufacturing company.
Accounts MIS Report
In Financial Accounting, although this is a part of it play a key role in building strong communication between departments. Creating a balance sheet to Sales expense budget using MIS.
Logistics MIS Report Excel
Just like other business, logistics business also use Reporting system like MIS. Multiple Chain if an exact business is using this report to stay in connect.
Besides these, other various MIS Report in related business-like, Sales reporting, Warehouse, Construction
MIS Report Template
You can request us for MIS report Template through requesting through EMAIL to (Excel124.net).
In summary, MIS Reports help to effectively communicate, share information and provide factual written evidence. These facts are vital in promoting an organization’s functionality and best decision-making for future go about.