MIS reports

Question

What are MIS reports and do you made it?

Answer 1

MIS or Management Information System is a computer-based system employed by most of the organizations globally for transforming data into helpful information for better decision-making. This helps management make better plans and cautiously organize business operations.

Management information system is employed for generating reports involving inventory status reports, or performance reports, or financial statements, and so on. Such reports are necessary for analyzing dissimilar aspects of business. Such reports too help to answer 'what-if' questions like what would be the consequence on cash flows of a company when the credit term were modified for its customers and so on.

MIS reports as well support decision-making and it aids to integrate the decision maker and the quantitative model being employed. Such automated systems permit managers to make decisions for successful and smooth operation of businesses. The system comprises computer resources, people, and procedures employed in the modern business enterprise.