Management Information System (MIS) is a broadly used and applied term for a three-resource system required for effective organization management. A decision-maker requires up-to-date, accurate and timely information. MIS provides the required information to the managers by systematically processing massive data generated in an organization. Generally, Management Information System (MIS) is a computer-based information system that provides information and support for effective managerial decision-making.
Thus, MIS is an important communication tool for managers. MIS also serves as an important control technique. It provides data and information to the managers at the right time so that appropriate corrective action may be taken in case of deviations from standards.
As an area of study, MIS is sometimes referred to as information technology management or information services. Neither should be confused with computer science.
Examples of varied contexts of MISs are:
- Decision support systems
- Enterprise resource planning
- Supply chain management
- Customer relationship management
- Project management
- Executive information systems