Operations Management
Management Information Systems
1.9 Management Information Systems (MIS)
A Management Information System (MIS) is a system that collects, processes, stores, and distributes information needed for decision-making. MIS integrates technology, data, processes, and people to provide useful business information.
Components of MIS
- Hardware: Computers, servers, devices
- Software: Programs that analyze and organize data
- Database: Structured storage of business information
- Procedures: Rules and processes to manage information
- People: Employees who operate and manage the system
Functions & Benefits of MIS
- Monitoring business performance
- Supporting decision-making
- Improving communication
- Increasing efficiency
- Faster decision-making
- Better coordination between departments
- Improved data accuracy