Management Information System
The basic concept of Management information system (MIS) is to process data from an organization and present it in the form of a report at regular intervals.
The main reason for introducing management information systems in business is to increase the income and profitability of the business.
Hence MIS focuses on:
Organization-wide information
Decision-making process
Managerial control and analysis
MIS satisfies the diverse needs through a variety of systems are as follows:
Functions of MIS
1. Data Collection
2. Data Storage
3. Data Processing
4. Data Distribution
5. Forecasting Planning
6. Control
The main reason for introducing management information systems in business is to increase the income and profitability of the business.
Hence MIS focuses on:
Organization-wide information
Decision-making process
Managerial control and analysis
MIS satisfies the diverse needs through a variety of systems are as follows:
- QUERY SYSTEM
- ANALYSIS SYSTEM
- MODELING SYSTEM
- DECISION SUPPORT SYSTEM
The advantages of management information systems include the following:
- Unified database
- Prioritizing
- Effectiveness of solutions
- Increased Responsibility
- Fewer paper documents
- Understanding financial position
1. Data Collection
2. Data Storage
3. Data Processing
4. Data Distribution
5. Forecasting Planning
6. Control
Do Follow;
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