• Data Collection: MIS systems collect data from various sources, including internal databases, external sources, and employee input.
• Data Processing: The collected data is processed and transformed into meaningful information, such as reports, charts, and graphs.
• Information Storage: MIS systems store the processed information securely and efficiently, ensuring easy retrieval when needed.
• Information Dissemination: The information is then made accessible to managers, allowing them to make informed decisions and track performance.