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| Khouri S, Horodníková J., Domaracká L., Bohušová V. |
| MANAGEMENT INFORMATION SYSTEMS |
Abstract
This article deals with necessity of utilization management information systems in enterprise. The article is aimed to exploited enterprises and at utilization management information systems in these types of enterprises.
Management information systems has a big contribution for organization of whole enterprise.
The management information system helps companies quickly establish a well-defined process for demand planning. Users can easily analyze and understand the sales patterns through multi-dimensional organization of relevant data, apply statistical algorithms, and follow up on the forecast compared with the actual sale. They can also share demand plans with multiple stakeholders, with easy distribution and consolidation, which encourages collaborative planning.
The management information system helps us make business decisions without wasting time. We get a good overview and the ability to dig into details. Every time a transaction is posted, vendor, account, and item totals are given in real time.
We can zero in on details by filtering information (for example, by date, account, or item number), report and analyze based on an unlimited number of criteria, and always rely on the accuracy of the information.The management information system adapts and evolves to match the way in which our business operates. It helps us discover financial opportunities. Financial information is always up-to-date, so we can easily view the specific information we need to make informed decisions. Much more than just an accounting tool, information system makes it easier to spot trends and gain insight into our business activities, so we can capitalize.
Management information system helps us increase the profitability of our sales and marketing efforts by giving employees throughout our organization simultaneous access to continuously updated online information.
Everyone in our organization gets the complete and accurate information they need to interact with customers in a profitable way. It hepl us also automate routine tasks to makeour work environment simpler and more efficient.
Financial management is one of the best ways for our business to remain profitable and solvent. How well we manage the finances of our business is the cornerstone of every successful business venture. Each year thousands of potentially successful businesses fail because of poor financial management. As a business owner, we will need to identify and implement policies that will lead to and ensure that you will meet your financial obligations. To effectively manage our finances, plan a sound, realistic budget by determining the actual amount of money needed to open our business (start-up costs) and the amount needed to keep it open (operating costs).
This article deals contain practicle application of management information systems in real enterprise.
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| Keywords: management information systems|exploited enterprises|financial management| |
| No 4 (2003), p. 292-297 |
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