What is the full form of MIS?
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What is the full form of MIS?
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The full form of MIS is the Management Information System.
It is a technology used in an organization for coordination, control, analysis, and decision making. MIS is the study of people, technology, organization, and relationship.
MIS is used in the organization to create a database and other financial information to increase the business growth.
Components of MIS
These are the five major components of MIS:
People
These are the user who use MIS to record day to day activities.
Data
Recored day to day activites.
Business Procedures
The standard procedure used in the organization to do day to day activities.
Hardware
The hardware includes computer,server, printer, networking device etc.
Software
Software used to handle the data.
Type of MIS
These are the following types of MIS:
Human resource management system
Used in Hr personnel aspect.
Executive information systems
Used to prepare and access every department reports, like the Human resource department, accounts, etc.
Marketing information systems
Used to design and manage marketing aspects.
Accounting information systems
Used in accounts department to store data related to transactions and other financial data.
Decision support systems
Used by middle and higher management to compile all the data which helps to solve problems and make the decisions.
School Information Management Systems
Used in School to manage administration.
Enterprise resource planning
It is a software used to exchange inside business information in the organization and also manage connections to outside stakeholders.
Local Database
Basic version of Management information system.
Advantage of MIS
It helps to increase the operational efficiency of organization.
It helps to make better decisions.
Provide data for the overall growth of the organization.
It helps to promote better communication between the department in the company.
It helps a company to gain a competitive advantage.
It helps to increase the productivity.
It helps the company to analyze their strength, weakness, and area of improvement.
