Management Information System

How might an automobile company use a management information system to reduce its costs and better serve its customers? Explain the various types of input data the system might use, and describe what types of output reports managers would find useful.

one very important thing is reducing time – for sales, procurement, recording correct data of all transactions specially for the changes in no. of materials that are coming in or going out of the system or are exchanged between departments.
the other thing is controling financial transactions. controling the checks, preventing mistakes, checking discrepancies and thus preventing loss (= gain)
you can be informed of what you need in the company in the proper time and not too late. you can plan your company’s production and all resources that are needed including human resources, and this way you can manage time in a proper manner so time, people and material can be well planned, execution of the plan will also get easier, and the management will know much more about what is being done in the company. even before production is completed you can forecast the sapce for putting them (warehouses). you can foresee your budget on the basis of last few years of the company’s sales and market needs. by using an IS you can check the expenses for each department with the reason and see where you have money leakage. an IS helps a lot in all areas to save time and resources (saving money and time. )