Management Information System for Cooperative
Chapter I
PROBLEM AND REVIEW OF RELATED LITERATURE
Introduction
Today we live in a world where information is the backbone of every system. The flow of information has changed how we lived today. The development, implementation, and development of computer-based information is known as Information Technology (IT). IT is very important because it deals with conversion, storage, protection, processing, transmission, and retrieval of data. IT is very important for carrying out various important activities. It has contributed in enhancing globalization and because of it businesses are also able to properly manage and administer their regular operations and activities. Companies nowadays are moving from the manual data handling to computerized handling.
Technology is increasing playing a crucial role in the success of organizations in the information age. The fundamental role of IT is to enable businesses to find new ways to drive down the costs of products, processes, and improve performance. IT revolutionized the phase of business around the world. Local businesses have become international due to a simple website. Information Technology has helped businesses through advertising.
Today, in many industries, IT enables some businesses to differentiate themselves from their competitors. Those companies that utilize IT for competitive advantage view IT as a strategic business enabler instead of as a cost center, and they work to maximize the efficiency of their operations so they can focus their resources on providing value to the business and respond to today’s environment of rapidly changing business conditions.
MIS systems can be used to transform data into information useful for decision making. Computers can provide financial statements and performance reports to assist in the planning, monitoring and implementation of strategy.
MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would
PROBLEM AND REVIEW OF RELATED LITERATURE
Introduction
Today we live in a world where information is the backbone of every system. The flow of information has changed how we lived today. The development, implementation, and development of computer-based information is known as Information Technology (IT). IT is very important because it deals with conversion, storage, protection, processing, transmission, and retrieval of data. IT is very important for carrying out various important activities. It has contributed in enhancing globalization and because of it businesses are also able to properly manage and administer their regular operations and activities. Companies nowadays are moving from the manual data handling to computerized handling.
Technology is increasing playing a crucial role in the success of organizations in the information age. The fundamental role of IT is to enable businesses to find new ways to drive down the costs of products, processes, and improve performance. IT revolutionized the phase of business around the world. Local businesses have become international due to a simple website. Information Technology has helped businesses through advertising.
Today, in many industries, IT enables some businesses to differentiate themselves from their competitors. Those companies that utilize IT for competitive advantage view IT as a strategic business enabler instead of as a cost center, and they work to maximize the efficiency of their operations so they can focus their resources on providing value to the business and respond to today’s environment of rapidly changing business conditions.
MIS systems can be used to transform data into information useful for decision making. Computers can provide financial statements and performance reports to assist in the planning, monitoring and implementation of strategy.
MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would