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Management information system
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== Advantages and disadvantages == The following are some of the benefits that can be attained using MIS:<ref>(1995), ''Strategic Information Systems Planning: A Review''. Information Resources Management Association International Conference, May 21β24, Atlanta.</ref> * Improve an organization's operational efficiency, add value to existing products, engender innovation and new product development, and help managers make better decisions.<ref>{{cite web|title=Delivering Business Analytics and Technology Solutions|url=https://saunders.rit.edu/undergraduate/majors-minors/management-information-systems-mis-degree-overview|publisher=Saunders College of Business, Rochester Institute of Technology|date=2017-04-28}}</ref> * Companies are able to identify their strengths and weaknesses due to the presence of revenue reports, employee performance records etc. Identifying these aspects can help a company improve its business processes and operations. * The availability of customer data and feedback can help the company to align its [[business process]]es according to the needs of its customers. The effective management of customer data can help the company to perform direct marketing and promotion activities. *MIS can help a company gain a [[competitive advantage]]. *MIS reports can help with decision-making as well as reduce downtime for actionable items. Some of the disadvantages of MIS systems: * Retrieval and dissemination are dependent on technology hardware and software. * Potential for inaccurate information.
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