MIS

Management Information System

MIS

A computer system designed to help managers plan and direct business and organizational operations.

• "Management Information System" An information system that integrates data from all the departments it serves and provides operations and management with the information they require.
• It was "the" buzzword of the mid to late 1970s, when online systems were implemented in all large organizations. See DSS.

Computer-based or manual system that transforms data into information useful in the support of decision making. MIS can be classified as performing three functions:

1. To generate reports-for example, financial statements, inventory status reports, or performance reports needed for routine or non-routine purposes.

1. To answer what-if questions asked by management. For example, questions such as "What would happen to cash flow if the company changes its credit term for its customers?" can be answered by MIS. This type of MIS can be called simulation

1. To support decision making. This type of MIS is appropriately called Decision Support System. DSS attempts to integrate the decision maker, the data base, and the quantitative models being used