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MIS Unit 1 Assignment

A management information system (MIS) collects data from various sources, processes and organizes it to help managers make effective decisions. The primary purpose of an MIS is to assist managers in strategic, tactical, and operational decision making by providing essential information from different sources in a readable format. An MIS consists of systems and processes that distribute reports and overviews to help managers conduct performance reviews and make various decisions. It provides internal reports in an easily understandable way.

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90 views

MIS Unit 1 Assignment

A management information system (MIS) collects data from various sources, processes and organizes it to help managers make effective decisions. The primary purpose of an MIS is to assist managers in strategic, tactical, and operational decision making by providing essential information from different sources in a readable format. An MIS consists of systems and processes that distribute reports and overviews to help managers conduct performance reviews and make various decisions. It provides internal reports in an easily understandable way.

Uploaded by

Rajesh Ambrose
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Unit 1 Assignment

What is the Purpose of MIS

MIS:
A Management Information System (MIS) is an information system used for
decision-making, and for the coordination, control, analysis, and visualization of
information in an organization. The study of the management information systems
involves people, processes and technology in an organizational context.
In a corporate setting, the ultimate goal of the use of a management information
system is to increase the value and profits of the business. This is done by
providing managers with timely and appropriate information allowing them to
make effective decisions within a shorter period of time.

Purpose Of MIS
A Management Information System, or MIS, collects data from many different
sources and then processes and organizes that data to help businesses make
decisions. These days, technology and data collection are so prevalent that
businesses large and small are using Management Information Systems to improve
their outcomes. A good MIS can give your business a competitive advantage
because it turns thousands of data points into helpful, usable information that can
be used to tweak your strategy and increase profits.
The primary purpose of a management information system, or MIS, is to assist
managers in making strategic, tactical and operational decisions in an efficient and
productive manner. It provides managers with essential information that is
gathered from a variety of sources, pooled into a single database and compiled in a
readable format.

A management information system consists of a set of systems and processes that


distributes information to managers. This tool is used to make reports and
comprehensive overviews that help managers conduct performance reviews and
make a wide range of decisions, such as an in-depth analysis of operational
concerns. It provides internal reports that are presented in an easily understandable
format. Information collected by a MIS are either financial or operational
depending on the needs of management.

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Unit 1 Assignment
What is the Purpose of MIS

A MIS is generally capable of collecting any type of information required by


managers. It views financial data, such as daily expenses and revenues, and
attributes these data to respective departments. Personnel are able to manage
outgoing shipments and incoming deliveries from any location connected to the
MIS.

Front-line employees also use MIS to perform their jobs more effectively. For
example, employees consult a MIS to view statistics related to their department or
check on the status of particular inventory items. Furthermore, management
information systems facilitate communication and collaboration by allowing
employees to share documents and important information.

Most management information systems rely on technology to collect and compile


data. Some companies use standard systems, while others develop unique systems
that suit their specific operations.

Objectives of MIS
1. Capturing :
MIS gathers information from various internal and external either manually or
electronically with the use of computer terminals.

2.Processing of Data :
The collected data goes through a number of process like calculation , sorting,
classification and summary for its conversion information.

3.Storage of information :
The processed or the unprocessed data stored in the MIS for future use by saving
it as an organisation record. The data may also be used immediately.

5.Retrieval Of Information :
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Unit 1 Assignment
What is the Purpose of MIS

As per the request of different uses, retrieval of information is done by MIS from
its stores.

5.Dissemination of information:
Information is the final product of MIS which is equally accessible by all users in
the organisation. It may be periodic or online with the use of computer terminal.
6.Data Storage
It is important to store information or processed data for future use.
7.Data Retrieval
The data should be smoothly retrieved from storage devices whenever needed by
different users.
8.Data Propagation
Data should be distributed periodically through the organizational network to its
users.
9. System of efficient and effective planning
MIS controls functions of management to provide quick and timely information to
the management. The process is very effective to make decisions.

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