A management information system (MIS) is a system designed to collect, store and transmit data in the form of information needed to carry out the functions of management in an organization. MIS helps an organization to get information and manage their company efficiently. Management information system is different from other information systems. It is because they are used to analyze and facilitate strategic and operational activities. At the beginning, management information system (MIS) designed to support management decision making. Over time, the term expanded and includes many resources such as resource management and human resource management, supply chain management, customer relationship management and many more.
Management Information System (MIS) produces information products that support many decision making needs of managers, staff and business professionals. Reports, displays and responses produced by management information systems provide information that these decision makers have specified in advance as adequately meeting their information needs. Such predefined information products satisfy the information needs of decision makers at the operational and tactical levels of the organization who are faced with more structured types of decision situations. For example, sales managers rely heavily on sales analysis reports to evaluate differences in performance among salespeople who sell the same types of products to the same types of customers. They have a pretty good idea of the kinds of information about sales results (by product line, sales territory, customer, salesperson so on) that they need to manage sales performance effectively.
In addition, MIS is also used by managers and others decision maker for information on workstations compliant network activities of their choice. This information is presented in the form of periodic reports and exception and demand an immediate response to queries. Web browser, a software program implementation and management database provides access to information on the intranet and other database operations within the organization. The operational database maintained by the transaction processing system. Data about the business environment are obtained from Internet or extranet databases when necessary.
Characteristics of MIS:
Timeliness: Information should be sent at the right time and the right place for the right person, MIS institutions should be able to provide and distribute information to the right users. Information systems should be designed to accelerate the reporting of information. The system will be able to quickly collect and edit data, summarize results, and can adapt and correct errors immediately.
Concise and precise: Information overload is a huge burden for the management cannot be processed in a timely manner because of " bounded rationality " . Determine the limit of infinite rational thought processes cannot solve and process large amounts of information ....