Building a Strategy-Driven, Performance Measurement-Based MIS
Lucky Cement Limited like any forward moving organization is redifing its business operations
Building a Strategy-Driven Performance Measurement-Based MIS is a critical part of overall
Corporate Governance at LCL, the Company has aligned itself to efficient use of MIS resources in achieving its corporate, functional, process, operational and strategic objectives while increasing shareholders’ value. The Company has formed Steering Committee that measures performance and provides strategic leadership, establishes Company-wide I.T. priorities and oversees all I.T. policies. The Committee is governed by approved roles and responsibilities. To align corporate, strategic, functional, process and line of business objectives with MIS, the company focuses on; Strategic direction of the Company in terms of technology; Aligning the I.T. Strategy with Business Strategy; Ensuring adequate information security; Influencing development and design of technology services, policies and solutions; and Business Continuity Management including Disaster Recovery. The Company has the policy to regulate the alignment and it encompasses: Engaging stakeholders to establish priorities for technology investment that are aligned with Company’s goals and objectives. Promoting governance, transparency, accountability and dialogue about technology that facilitates effective strategy adoption Securing network and data Keeping the I.T. function proactive from an innovation perspective, providing ideas to the business Maximizing return on technology investment with controlled spending, while providing the company with a coherent and integrated I.T. architecture and management structure Ensuring compatibility, integration and avoidance of redundancy To proceed with Performance Measurement-Based MIS while fulfilling strategic, corporate, line of business, process and operational requirements the company is using SAP to support various other business functions such as of Financial Management, Distribution, Projects, Funds Managements, Customer Relationship, Plant Maintenance, Production Planning and Human Capital Management, etc. Implementation of SAP has helped them to optimize employee productivity through workflows; process controls, automates the routine tasks, minimizes administrative efforts, ensures strategy, and helps in task delegation with moderate controls and goals alignment with the business in day-to-day operations of the organization.