A management information system can be defined as a set of computerised database that equips various sets of financial information programmed in a way which produces operation reports for a unique level of management in an organisation. One of the prime reasons to use MIS within any company is to give feedback to employees and managers about their performance. Specific information displayed on MIS represents actual data over a set of planned results.
MIS assists in receiving specific information from the records of the company where the data is collected automatically from the counters which are linked from the computer placed at periodic intervals. Routine reports can be pre-programmed and run at specific intervals of time using built-in query languages which are then computed by MIS. Our online Business Management assignment help experts also use such systems to solve your queries.
If MIS is based in aiding the management function, a typical small business that has even a single computer operates through a management information system. In a continuously technological changing world, MIS is typically used by a single doctor to bill customers, schedule appointments, and other purposes are directly linked to the accounting software. It can link to different inventory systems by handling accounting purposes which are serving the base of communications. Every business which incorporates with consulting, research, communications, marketing, sales, and other industries have a large system of computer networks at deploying substantial databases.
Let us take a look at how such systems work:
Given below are some of the elements of the Management Information System (MIS):
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