MIS or Management Information System: Management Information Systems play an important role in industries and organizations. MIS is an excellent tool to provide management information at all stages of decision making thus greatly helping an organization to achieve its set of goals and objectives. MIS can be explained as a distinct methodology in conceiving, creating, planning and implementation of all managerial functions.
Effective MIS helps to supply accurate, relevant and timely information to the management of the organisation and that of a poor MIS may provide inaccurate, irrelevant and obsolete information which becomes too expensive or fatal to an organisation.
