The Management Information System (MIS) is a concept of the last decade or two. Management Information System is a computer based system. Reliability-Breakdowns disturb operations-Failure rates must be low-If failure occurs, recovery must be quick and accurate . It has been understood and described in a number ways. These management information systems can be created from scratch or can be acquired off the shelf and then customized to fit the needs of the organization. It reports tending to be used by middle management and operational supervisors. The output from a transaction processing system is used as input to a management information system. “Management information system is a comprehensive and coordinated set of information sub-systems which are rationally integrated and which transform data into information in a variety of ways to enhance productivity in conformance with managers’ styles and characteristics on the basis of … It is a very strong tools available to managers for planning, organizing, executing, monitoring, control and evaluation of their operations efficiently. A management information system is an advanced system to manage a company’s or an institution’s information system. ADVERTISEMENTS: This article will help you to differentiate between data processing and management information system (MIS). Rapid response-Fast performance is critical-Turnaround time from transaction input to the production output must be a few seconds or less. Definition of Management Information System Management Information System can be defined as a formal method of collecting timely information in a presentable form. MIS is a scientific way of collecting; processing, storing and communicating information relating to the various activities of an organisation to the various levels of management so that management may be facilitated in discharging its functions efficiently and run the organisation in an efficient manner for the betterment of all. MIS consists of three basic components: Management, Information and the System. Characteristics of Management Information System : The most important characteristics of an MIS are those that give decision-makers confidence that their actions will have the desired consequences , and among this characteristics we can mention : It should be based on a long-term planning . Management Information System (MIS): Management Information System is designed to take relatively raw data available through a Transaction Processing System and convert them into a summarized and aggregated form for the manager, usually in a report format. it is a computerized database to organize and program in such a way so that it generates methodical reports for each level of a company.. Reports for some special events can easily be obtained from the management information system. in simple words, the Management … The MIS system analyzes the input with routine algorithms i.e. Management information system is a set of systems which helps management at different levels to take better decisions by providing the necessary information to managers. It is also known as the Information System, the Information and Decision System, the Computer- based information System. The four important characteristics include. 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