ECONOMICS

Detailed explanation-1: -MIS systems provide the information needed to make the structured decision and based on the experience of the tactical managers, they make judgement calls i.e. predict how much of goods or inventory should be ordered for the second quarter based on the sales of the first quarter.

Detailed explanation-2: -Tactical information systems (TIS) are type of decision support system. However, there are several characteristics which make them warrant separate study. They not only support the decision making process: they are able to replicate the decision maker’s expertise.

Detailed explanation-3: -Decision Support System A decision support system is an information system that analyses business data and other information related to the enterprise to offer automation in decision-making or problem-solving. A manager uses it in times of adversities arising during the operation of the business.

Detailed explanation-4: -MIS provides accurate and timely information necessary to facilitate the decision-making process and enable the organizations planning, control, and operational functions to be carried out effectively.

Detailed explanation-5: -MIS systems typically include hardware, software, data, people, and procedures. MIS systems provide managers with the information they need to make decisions, monitor performance, and control operations.