It stands for Transaction Processing System and collects, stores, modifies and retrieves all information about transactions in an organization. A vast majority of MIS systems make use of simple routines and stay away from complex mathematical models.Īnother type of information system that has become very popular is TPS. MIS is not very flexible and also does not have analytical capability. A manager can get answers to predefined set of questions through MIS regularly.
MIS serves the interests of managers on weekly, monthly and yearly results though some MIS can produce results on a daily basis to be used by managers. The data which is available through MIS is summarized and presented in concise reports on a regular basis. Managers make use of this information to monitor and control business and also to devise strategies to better the performance in future. MIS provides managers with current performance of the organization. MIS, which stands for Management Information System, helps middle level management in monitoring, controlling, decision making and administrative activities. Though there is considerable overlapping between the two, there are a lot of differences between TPS and MIS that will be discussed in this article. To become more efficient and competitive, companies are making use of these information systems such as MIS and TPS. Information systems have become vital for organizations today and in some industries, even survival is difficult without extensive use of information technology.