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Hi Bala Raja Tumma ,
Nice post! I'd love to share a couple of my thoughts on this course. I've learnt tons of knowledge on project management throughout the course. The course introduced from various aspects related to management information and help employees and organizations make data-driven decisions in the right way. MIS helps organizations manage their goals and expenditures on individual plans. One of such implementation is using scorecards which can be updated quickly when new activities are added.Besides, many useful reports can be generated by MIS such as Ad-hoc and real-time reports for managers to solve specific business questions. Speaking of reports, data visualization and GIS are handy tools and both help employees dig deep to get the value behind data and make it easier and more accessible to understand the pattern and trends. Last but not least, I have a better understanding on each phase of the supply chain and know the potential solutions for the "bullwhip effect" such as order hierarchical management, strengthen warehousing management, shorten order lead time, advance payment period, etc (Fransoo, J.C, et al, 2000).
Reference:
Fransoo, J.C. and Wouters, M.J.F. (2000), "Measuring the bullwhip effect in the supply chain", Supply Chain Management, Vol. 5 No. 2, pp. 78-89.
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