An organized approach to the study of the information needs of an organization's management at every level in making operational, tactical, and strategic decisions. Its objective is to design and implement procedures, processes, and routines that provide suitably detailed reports in an accurate, consistent, and timely manner.
In a management information system, modern, computerized systems continuously gather relevant data, both from inside and outside an organization. This data is then processed, integrated, and stored in a centralized database (or data warehouse) where it is constantly updated and made available to all who have the authority to access it, in a form that suits their purpose.
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As a company grows, it is important they it does not forget to review its management information systems to ensure it meets the ever expanding needs.
They installed our new management information system last Tuesday, and already we feel as though we're on the right track to pave the way for our robot overlords.
The management information system had a lot of useful stuff in it for me and I took some time to study it.