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Tuesday, July 26, 2016

An MIS Introduction

 “A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company.

A management information system (MIS) focuses on the management of information systems to provide efficiency and effectiveness of strategic decision making. The concept may include systems termed transaction processing system, decision support system, expert system, or executive information system. The term is often used in the academic study of businesses and has connections with other areas, such as information systems,information technology, informatics, e-commerce and computer science; as a result, the term is used interchangeably with some of these areas.

MIS is short for management information system or management information services. Management information system, or MIS, broadly refers to a computer-based system that provides managers with the tools to organize, evaluate and efficiently manage departments within an organization. In order to provide past, present and prediction information, a management information system can include software that helps in decision making, data resources such as databases, the hardware resources of a system, decision support systems, people management and project management applications, and any computerized processes that enable the department to run efficiently.

Management Information System

MIS – Stands for Management Information System. As the name implies, MIS is a system that generates and provides Information to Management, for the purpose of managing and improving the business processes. It is a component based system that provides data and required information to management for supporting and enabling them in their decision making process.
REF: http://www.whatissixsigma.net/management-information-system/
What do you mean by MIS report?
MIS stands for management information system. Business managers at all levels of an organization, from assistant managers to executives, rely on reports generated from these systems to help them evaluate their business' daily activities or problems that arise, make decisions, and track progress.

What is the management system?

management system is the framework of policies, processes and procedures used to ensure that an organization can fulfill all tasks required to achieve its objectives.

What is the business information system?

The BIS major provides students with a strong foundation in cross-functional business processes and the application of information systems to support them. The use of technology to improve business performance and effectively support strategic business plans is a major focus of the program.

What is the information system?

An information system (IS) is a system composed of people and computers that processes or interprets information. The term is also sometimes used in more restricted senses to refer to only the software used to run a computerized database or to refer to only a computer system.

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