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
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such as tracking inventory, billing, sales, or payroll data, with little detail or structure but now days it has been replaced by the advanced techniques like ERP, EPM, SCM and SAP.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 with supplying their overseas stores, especially while this is the area that they are concentrating on growing. In order to become more efficient overseas, Wal-Mart has started is on Customs Brokering division to take care of its global procurement, which saves them brokering and freight forwarding fees, and also gives them more control. They have also started to "request" strongly that their suppliers also be physically located in the countries where Wal-Mart is to better supply them.
APPLICATION OF MIS IN “OPERATIONAL” ACTIVITIES :
Operational activities in retail industry are having following functions Procurement of material Transportation Inventory management Reordering
Procurement of material
Walmart is a bulk purchaser and they follow centralised purchased system, so the company directly procure the materials from manufacturers thus eliminating all the intermediaries and middlemen. This is essential to reduce the cost and offer best pricing. They first find out the potential supplier and then after getting prices from everyone the will decide finally according to the cost structure of the offer. For efficiently managing this information wall mart uses EDI model(electronic data interchange) it is basically a computer based system of walmart in this system the computers of suppliers and vendors are connected with walmart. EDI enables supplier to download purchase order along with store to store sales information related to their product like no of product sold, no. of product received. As supplier receives the information about sales of various products, the supplier shipped the required goods to different walmart distribution centres. Basically it is a high speed integration system between supplier and walmart and which is very helpful in making the process fast and efficient.
A company owned transportation system also assists Wal-Martin shipping goods from warehouse to store in less than 48 hours. This allows Wal-Mart to...
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