What are the Benefits of MIS?
In business organizations, Management Information System plays a vital role. It includes collecting and storing data helpful for organizations. Executives use their data when needed and process them to generate information. The executive decides the final course of work of an organization over short-term and long-term periods.
The importance of MIS is summarized in our help for assignment on Management Information System as follows:
- It can reduce the risk in decision-making
- It helps all executives to gain information related to the functional areas.
- It offers information regarding the different aspects of businesses.
- The database helps to perform research. The stored data is used as secondary data.
- It can help to prepare a corporate report.
- It provides information about the financial health of businesses.
- It helps Human Resource Managers to find out the needs of human resources, their salary and wages, training, performance appraisal, promotion, employee’s turnover, and absenteeism, which is helpful to draft HRD policies.
- The data about production can help production managers to decide about breakdown frequency, capacity utilization, rejections per batch, the status of shipment orders of orders region wise.
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