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Answer Posted / balasubramanian
MIS or Management Information System is a computer based
system used by most organizations worldwide for transforming
data into useful information for better decision making. It
helps management make better plans and carefully organize
business operations.
Management information system is used for generating reports
including inventory status reports financial statements
performance reports etc. These reports are essential for
analyzing different aspects of business. These reports also
help to answer 'what-if' questions like what would be the
effect on cash flows of a company if the credit term is
changed for its customers etc.
MIS reports also support decision making and it helps to
integrate the decision maker and the quantitative model
being used. These automated systems allow managers to make
decisions for smooth & successful operation of businesses.
The systems includes computer resources people and
procedures used in the modern business enterprise
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