What is a Management Information System?
A Management Information System (MIS) is a system that processes and organizes data and information that is useful to support the implementation of tasks within a company.
What are the Benefits for a Company?
The information generated by information systems is useful for the needs of the company and the decisions taken on each level of management. The purpose of establishing a management information system (MIS) for the company is to provide data and information that is useful in making management decisions, both regarding management and routine and strategic decisions.
1. Improving Operational Efficiency
Investment in information system technology can help a company’s operations become more efficient so that the company can carry out a cost advantage strategy. From creating schedules to the staff list, information systems provide support for management in daily business operations.