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. n 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.
Important roles of the MIS
- MIS satisfies the diverse needs through a variety of systems such as Query System, Analysis System, Modelling System and Decision Support System.
- It helps in strategic planning, management control, operational control and transaction processing.
- It helps in the clerical transaction processing.
- It answers the queries on the data pertaining to the transaction, the status of a particular record and reference on a variety of documents.
- MIS for Junior Management: Providing the operational data for planning, scheduling and control, and helps them further in decision-making at the operation level to correct an out of control situation.
- MIS for Middle Management: In short-term planning, target setting and controlling the business functions which is supported by the use of the management tools of planning and control.
- MIS for Top- Level Management: in goal setting, strategic planning and evolving the business plans and their implementation.
- It plays the role of information generation, communication, problem identification and helps in the process of decision-making.
In conclusion, organizations today just cannot survive and grow without properly planned, implemented and maintained MIS. We at RJV, helps organisation to design and implement the MIS as per the need and requirement of the organisation. We understand that MIS at different corporates at varied levels have different roles to play and we customise our solution to meet such requirement. It is an important tool and organisation cannot afford to overlook.