advantages of management information systems
Answers
A business owner opens a company, hires employees, sells products to customers and pays the bills. But, is it making any profits? Will the bank account have enough money to pay all the bills? Are there enough raw materials in inventory to meet the demand for the products? The owner doesn't know because he doesn't have any kind of reporting system that tells him what's going on in his business. This is where a management information system becomes essential.
A management information systems provides the data to identify non-performing areasand leads to better business productivity and efficiency, better decision making, better communication and better data and better knowledge of customer needs.
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