Managing Information Systems at Woolworths Limited: Analysis Report

This report provides a detailed analysis of the Management Information System (MIS) used by Woolworths Limited, an Australia-based company operating in Australia and New Zealand. It highlights the importance of MIS in managing data, analyzing market trends, preparing strategic plans, and increasing business efficiency. The report discusses the various uses of MIS within different operational domains such as accounting, finance, human resources, sales, marketing, and supply chain management. It also addresses the challenges faced by Woolworths Limited in implementing and managing its MIS, including humanistic, environmental, and organizational factors. The report concludes that a well-implemented MIS is crucial for improving productivity, performance, and profitability, and emphasizes the importance of people, technology, and information as key resources within the MIS framework. The document is available on Desklib, where students can find similar assignments and study resources.

Managing
Information
System
Student Name:
Course name:
Woolworths Limited

Content
 Introduction
 Importance of Management Information System
in Woolworths Limited
 Use of Management Information System
 Challenges of Management Information System
 Conclusion
 References

Introduction
 The corporate environment is always dynamic in nature that
involves uncertainties and risks.
 These risks and uncertainties can either be negative or
positive and it can again influence the decision taken by an
organization to survive in global marketplace.
 The primary goals and aims of the business organizations
can be interrupted if accurate business driven strategies in
terms of Managing Information system is not considered
and followed by the owners.

Introduction (contd.)
 The company nominated for this
specific presentation is Woolworths
Limited (Australia based).
 The company offers their products and
services throughout Australia and New
Zealand.
 In order to survive in market the
business organization requires
maintaining MIS strategies.

About Managing Information System
 MIS is referred to as a set of procedure that
provides essential data as well as information to
the company management for developing an
informed market.
 The Woolworths Limited’s MIS will help the
business organization to collect appropriate data
from diverse dependable sources.
 In order to process such data for extracting
relevant as well as useful information managing
information system is very helpful.

About Managing Information System
 The MIS will put the responsibility to
the respective department to deliver
the needful information.
 The process flow of MIS starts from
Database management and ends up
with information management.
 The importance, use and challenges
associated to MIS are also elaborated
in this presentation.

Importance of MIS
 Help to manage data: The MIS
used by Woolworths Limited helps
the company to manage all their
confidential data.
 In order to make complex decision
making this approach is much
beneficial.
 Apart from this, using MIS the
critical information stored in the
server can be accessed by
authorized users while required.

Importance of MIS (contd.)
 Analysis trends: The management requires
preparing strategic plan and forecasting to
determine the company future goals.
 Therefore, for creating such strategy the company
requires to possess essential report to overcome
the market trends.
 Various tools are also used by MIS to analyze the
current and future marketing trends.

Importance of MIS(contd.)
 Help to make strategic plan: In order to prepare a
strategic plan to compete other competitors the MIS
is important as it provides accurate and reliable
information to the developers.
 Identification of problems and goal setting:
Goal setting is referred to as a very crucial matter for
any business success. A lot of Research and
Development (R&D) is conducted to consider suitable
materials for determining the goal. If MIS report is
avoided then the company authority will fail
identifying market trends and possible problems as
well.

Importance of MIS (contd.)
 Increase the business efficiency: The overall business
efficiency will be increased if relevant MIS is
formulated by Woolworths Limited. As a whole the
overall performance of the company will improve.
 Help to make comparison: MIS is important as it
helps to understand the market trends and performance
of the organization. Therefore, Woolworths Limited
would be able to successfully measure the competitive
factors through which high level competition can be
given.

Use of Management Information
system
 Management Information system is
an important tool that is widely used
by the business organizations mainly
for managing all needful information
(both financial and personnel).
 This is an computerized database
which collates, summarizes and also
successfully analyzes all type of
company information.

Use of Management Information
system (contd.)
 MIS is used for managing data related to disparate areas in
terms of human resource, social media marketing, sales and
inventory management.
 The management team of the company is required to use
control and monitoring techniques to identify the possible
challenge and their respective resolving methodologies.