Category: Cost Management
Strategic Production MIS
Developing Strategic Production MIS Framework Production Management deals with entire gamut of operational controls at the level of production. It involves a complex coordination of production resources like machines, manpower, material, sales orders, maintenance , quality routine etc. This also requires coordination with funds managers, vendors and dealers. Production Management function is part of wider Factory Management function and also includes Quality , Engineering and Maintenance function. The key MIS reports which should be generated […]
Strategic Finance & Accounts MIS
Finance is core to any business organization. Its involvement starts with arrangement of Funds to start the business and continues till its closure. Any Financial MIS framework should originate from Key Functions of Finance which are as follows : Strategic Finance Investment Evaluation – Utilization of Capital in right projects. Finance Arrangement for Long Term Assets & Working Capital Finance. Risk Management – Managing Risk in business and environment. Stakeholder Communication – Shareholders, Bankers, Investors. […]
Strategic Sales & Marketing MIS
Developing dynamic Sales & Marketing MIS Framework Sales & Marketing is a critical function essential to achieve objectives of organization An effective Sales & Marketing function is vital to success of an organization. MIS is system to ensure that goals to business are achieved in acceptable quality and cost norms. Strategic MIS ensures that activities of business are aligned to core Strategy of organization. SMIS helps in identifying the bottlenecks of business which prevent achievement […]
Strategic Material & Supply Chain MIS
Material is an important cost in any business organization. However, in Manufacturing organizations it is prime cost where it can go up to 90% of total cost. Material Control is important function for any MIS. It has primarily four objectives: Improving Material Quality and Customer Satisfaction Reducing Material Cost Ease of Material Availability Improving overall Material Management System Keeping above objectives in mind following Class of MIS Reports are generated for Material: Material Cost Reports: […]
Cost Management & MIS
Profit Maximization objective of business is dependent upon two variables i.e. Revenue Maximization and Cost Minimization. Both these systems together lead towards maximization of top line and bottom lines of balance sheet. Cost can be classified in three broad categories depending upon their linkages with revenue: Cost Directly linked with Revenue Generation Cost Indirectly linked with Revenue Generation Cost Not linked with Revenue Generation Cost can also be categorized as costs related to: Business Acquisition […]