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Management Information System
Transcript of Management Information System
KFC (Kentucky Fried Chicken) is a fast food restaurant chain which specializes in fried chicken and is headquartered in Louisville, Kentucky. It is the world's second largest restaurant chain overall (as measured by sales) after McDonald's, with over 18,000 outlets in 120 countries and territories.
Each KFC outlet use MIS in accounting, knowing production, and very useful in formulating HR policies which helps them to rate their employees.
The development and management of information technology tools assists executives and the general work force in performing any tasks related to processing of information
MIS provides a valuable function in that they can collate into coherent reports unmanageable volumes of data and decision making.
If Management Information Systems are flexible, and relate to the needs of the
organization, the clients and the curriculum that they are delivering, then theywork well and effectively. One has to be sure that, whatever systems you use,they suit your purposes and can be customized to do so, are easy to use and allow rapid data entry with rapid and flexible access for reporting purposes.
Management Information System
Kentucky Fried Chicken(KFC)
This MIS systems is also used by decision makers in hypothetical scenarios like 'what if' questions providing with alternative strategy.
MIS also provide predictions about the effect on sales that an alteration in price would have on a product which is very important for KFC future.
Improved reporting of this business leads to more streamlined production process.
Due to this improvement which impacts management of the supply chain,including everything from the sourcing of materials to manufacturing and distribution of the finished product.
Enhance Supply Chain Management
From the improved supply chain management comes an improved ability to react to changes in the market.
Better MIS systems enable an enterprise to react more quickly to their environment, enabling them to push out ahead of the competition and produce a better service and a larger piece of the pie.
MIS systems let the KFC management:
To capture information and store it, whenever they are making bills it helps them to count sales per day, per week and per month because a copy of the bill is stored in the computer.
Access stored information easily and manipulate it for the needs of their clients while billing or taking order they just enter the code of the product requested at that time and the quantity demanded.
Effective usage of MIS :
Control flow of information into, around and out of the systems.
Respond confidently to the demands of the Common Inspection Framework MIS help them because they now easily check when the last stocking was done.
Manage and track employee records of work, achievement and progression for promotions.
Manage marketing information to further improve sales.