The Management Information System is an information system that helps in improved decision making. It stores up-to-date and accurate data regarding numerous organisational assets such as financials, inventory, personnel, manufacturing, project timelines, R&D, marketing, etc.
MIS system stores the data and makes it accessible to the top managers who want to run the data analysis to craft a report. MIS is like a central information systems that correlate multiple data points in order to strategize and improve operations; for example, being able to compare sales of this year to the sales year of previous year by looking at staffing levels and more to boost revenue.
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