The
following are some of the benefits that can be attained for different types of
management information systems.13
1.
Companies are able to highlight their
strengths and weaknesses due to the presence of revenue reports, employees' performance record etc. The identification of these
aspects can help the company improve their business processes and
operations.
2.
Giving an overall picture of the company
and acting as a communication and planning tool.
3.
The availability of
the customer data and feedback can help the company to align their business processes
according to the needs of the customers. The effective management of customer
data can help the company to perform direct marketing and promotion activities.
4.
Information is an
important asset for any company in the modern competitive world. The
consumer buying trends and behaviours can be predicted by the analysis of sales and revenue
reports from each operating region of the company.
consumer buying trends and behaviours can be predicted by the analysis of sales and revenue
reports from each operating region of the company.