MIS is an arrangement that makes available information needed to administer an organization effectively. Were as, an ERP joins together all the internal and external management information transversely throughout an entire organization, embracing all the areas like finance, production, sales and service. Management information systems are considered to be a division on the whole internal management which occurs in a business. It enfolds people, documents, technology, and actions taken up by management accountants to resolve business issues such as pricing a product or service or a business-wide policy. ERP systems are a routine of certain activity with an integration of computer-based application. Its purpose is to make easy the flow of information flanked by all business functions within the margins of the institute and administer the links to stakeholders. ERP systems run on a range of hardware and network configurations, in general make use of a database to store its data.

MIS and its implications

MIS is a computer system in an organization that presents information about business operation. This is also used to pass on to the human resource, which control these systems. Usually, in a big company, MIS refers to a centrally synchronized structure of computer know-how and administration, often including workstations but also put together extensions of the corporation’s whole network of computer resources. Originally, business computers were used for the sensible business of calculating the payroll and maintaining track of financial records.  MIS has implemented applications that provide managers with information that would help them to manage the enterprise. Today, MIS is used largely in a number of circumstances and takes account of decision support systems, human resource management, project management, and database recovery applications etc.

ERP and its implications

ERP is a business phrase used for the wide set of actions that assist a business as to deal with the significant parts of its functions. The information made on hand in the course of an ERP system make available identification of key performance indicators (KPIs). The KPI’s are requisite for meeting business objectives. ERP software applications can be made use as to administer product planning, raw material purchasing, work together with suppliers, offering excellent customer service, and track orders. ERP can also comprise application of finance and human resources characteristic of a business. On an average, an ERP system can be made use or is incorporated with a relational database system. The employment of an ERP system can engage substantial business process scrutiny, employee retention, and innovative work procedures.

Key Differentiators MIS and ERP

Management Information System is capable of generating reports as on the demand of the user. It is mostly used for creating Decision making reports. An MIS system gathers data’s from all the departments and produce the report as user entail. An ERP system is mostly used in a Manufacturing Organizations where each separate department has its own activities involved. An ERP system is very user friendly.