There is no doubt that “the right information” at “the right time” at “the right place”, is crucial in decision making. Therefore, information and data is considered the most valuable assets and fundamental to the success of an organization. The primary roles of MIS are to capture information, create new information, store information, and convey information to the user.
The MIS is an idea which is associated with man, machine, marketing and methods for collecting information from the internal and external source and processing this information for the purpose of facilitating the process of decision-making of the business.
MIS is not new, only the computerization is new, before computers MIS techniques existed to supply information to manager that would permit them to plan and control business operations. The computer has added on more dimensions such as speed, accuracy and increased volume of data that permit the consideration of more alternatives in decision-making process.
Information is the life blood of an organization, particularly in the case of system approach management. MIS is an organized method of providing past, present and projection information relating to internal operations and externals intelligence. It supports the planning, control and operational functions of an organization by furnishing uniform information in proper time frame to help the process of decision-making.
Management Information System is generally defined as an integrated user-machine system for providing information to support operations, management and decision-making functions in an organization. The system utilizes computer hardware and software, manual procedure, models for analysis. An organization with a well-defined information system will generally have a competitive advantage over organization with poor MIS and no MIS.