INTRODUCTION TO MIS
Management Information System plays a very important role in an organization. There is hardly a business magazine that dos not contain article about information system.
MIS can be defined as –
“A system which collects, processes, stores and distributes information to help in decision making for managerial functions.”
(Planning, staffing, directing, controlling, organizing and budgeting)
It may also be defined as Integrated user/ Machine system for providing information to support the decision making process.
MIS is a computer based system, which presents both external and internal information of business.
This system utilizes computer hardware and software, manual procedure for analysis, planning, control and decision making.
These system do not take decisions but they assist in providing a necessary information as an input to the decision making process.
MIS should provide information which is consistent, accurate, timely, economically flexible and relevant.
MIS can be computerized or manual. MIS provides information in report format on regular basis to assist managers with decision which occur frequently and can be anticipated.
MANAGEMENT
Management has been defined in a variety of ways, but for our purpose it compromises the processes or activities that describes what managers do in the operation of their organization; plan, organize, initiative and control operations.
INFORMATION
Data must be distinguished from information. Data are facts and figures that are not currently being used in decision process.
Information consist of data that have been retrived, processed or otherwise used for informative or inference purposes, arguments, or as a basis for forecasting or decision making.
SYSTEMS
A system can be described simply as a set of elements joined together for a common objective. The system concept of mis is therefore one